Securities In An Unrealized Loss Position (Tables)

9 Months Ended

Sep. 30, 2012

Securities In An Unrealized Loss Position [Abstract]

Securities In An Unrealized Loss Position

The following table summarizes all securities in an unrealized loss position at September 30, 2012 and December 31, 2011 by the length of time those securities have been continuously in an unrealized loss position:

	Less Than 12 Months				12 Months or Greater				Total
(Dollars in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
September 30, 2012
U.S. government and agency	$	51,405	$	1,283	$	—	$	—	$	51,405	$	1,283
State and municipal	49,594		558		184,408		14,304		234,002		14,862
Mortgage-backed securities	259,508		3,338		65,349		4,876		324,857		8,214
Corporate	313,080		1,784		78,646		14,003		391,726		15,787
Foreign	101,200		516		5,508		104		106,708		620
Fixed maturity securities	774,787		7,479		333,911		33,287		1,108,698		40,766
Common stocks	34,702		291		—		—		34,702		291
Preferred stocks	6,435		954		40,094		2,195		46,529		3,149
Equity securities	41,137		1,245		40,094		2,195		81,231		3,440
Total	$	815,924	$	8,724	$	374,005	$	35,482	$	1,189,929	$	44,206
December 31, 2011
U.S. government and agency	$	24,668	$	169	$	4,800	$	182	$	29,468	$	351
State and municipal	131,417		827		183,205		15,723		314,622		16,550
Mortgage-backed securities	172,729		2,439		94,243		14,473		266,972		16,912
Corporate	341,764		8,327		125,654		27,760		467,418		36,087
Foreign	197,560		4,078		7,159		571		204,719		4,649
Fixed maturity securities	868,138		15,840		415,061		58,709		1,283,199		74,549
Common stocks	47,098		2,888		—		—		47,098		2,888
Preferred stocks	23,782		125		45,314		14,740		69,096		14,865
Equity securities	70,880		3,013		45,314		14,740		116,194		17,753
Total	$	939,018	$	18,853	$	460,375	$	73,449	$	1,399,393	$	92,302

Non-Investment Grade Fixed Maturity Securities

Fixed Maturity Securities – A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at September 30, 2012 is presented in the table below.

(Dollars in thousands)	Number of Securities	Aggregate Fair Value		Gross Unrealized Loss
Unrealized loss less than $5 million:
Mortgage-backed securities	13	$	71,135	$	4,908
Corporate	11	28,841		2,003
State and municipal	4	32,625		2,197
Total	28	$	132,601	$	9,108