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Fixed Maturity Securities In An Unrealized Loss Position (Tables)
9 Months Ended
Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Securities in an unrealized loss position The following tables summarize all fixed maturity securities in an unrealized loss position at September 30, 2020 and December 31, 2019 by the length of time those securities have been continuously in an unrealized loss position:
  Less Than 12 Months12 Months or GreaterTotal
(In thousands)Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
September 30, 2020
U.S. government and government agency$115,161 $141 $18 $— $115,179 $141 
State and municipal204,907 2,809 24,290 878 229,197 3,687 
Mortgage-backed securities116,958 2,673 28,578 200 145,536 2,873 
Asset-backed securities1,443,178 15,094 665,759 37,999 2,108,937 53,093 
Corporate636,250 19,158 40,224 2,793 676,474 21,951 
Foreign government127,441 25,088 5,706 20,462 133,147 45,550 
Fixed maturity securities$2,643,895 $64,963 $764,575 $62,332 $3,408,470 $127,295 
December 31, 2019
U.S. government and government agency$83,837 $618 $53,089 $857 $136,926 $1,475 
State and municipal365,184 4,245 127,210 1,682 492,394 5,927 
Mortgage-backed securities301,358 2,281 180,148 3,220 481,506 5,501 
Asset-backed securities755,259 2,307 774,508 19,183 1,529,767 21,490 
Corporate307,367 3,148 121,470 5,172 428,837 8,320 
Foreign government164,536 32,028 107,266 61,645 271,802 93,673 
Fixed maturity securities$1,977,541 $44,627 $1,363,691 $91,759 $3,341,232 $136,386 
Non-Investment Grade Fixed Maturity Securities A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at September 30, 2020 is presented in the table below:
($ in thousands)Number of
Securities
Aggregate
Fair Value
Gross
Unrealized Loss
Foreign government22 $91,413 $45,247 
Corporate13 28,816 6,343 
Mortgage-backed securities1,659 34 
Total43 $121,888 $51,624