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Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Investments [Abstract]  
Current and Long-Term Investments, Available-For-Sale
A summary of current and long-term fixed maturity securities, available-for-sale, at March 31, 2020 and December 31, 2019 is as follows:
 
Cost or
Amortized
Cost
 
 
 
 
 
 
 
 
 
Non-Credit
Component of
Impairment Recognized in
Accumulated
Other
Comprehensive
Loss
 
 
Gross
Unrealized
Gains
 
Gross Unrealized Losses
 
Allowance For Credit Losses
 
Estimated
Fair Value
 
 
 
 
Less than
12 Months
 
12 Months
or Greater
 
 
 
March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
United States Government securities
$
450

 
$
24

 
$
—

 
$
—

 
$
—

 
$
474

 
$
—

Government sponsored securities
369

 
5

 
(48
)
 
—

 
—

 
326

 
—

States, municipalities and political subdivisions
4,768

 
233

 
(14
)
 
—

 
—

 
4,987

 
—

Corporate securities
9,609

 
148

 
(450
)
 
(44
)
 
(51
)
 
9,212

 
(44
)
Residential mortgage-backed securities
3,731

 
93

 
(95
)
 
(7
)
 
—

 
3,722

 
—

Commercial mortgage-backed securities
81

 
1

 
(3
)
 
(1
)
 
—

 
78

 
—

Other securities
1,692

 
6

 
(97
)
 
(14
)
 
—

 
1,587

 
—

Total fixed maturity securities
$
20,700

 
$
510

 
$
(707
)
 
$
(66
)
 
$
(51
)
 
$
20,386

 
$
(44
)
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
United States Government securities
$
524

 
$
4

 
$
(3
)
 
$
—

 
$
—

 
$
525

 
$
—

Government sponsored securities
136

 
5

 
—

 
—

 
—

 
141

 
—

States, municipalities and political subdivisions
4,592

 
262

 
(3
)
 
—

 
—

 
4,851

 
—

Corporate securities
8,870

 
339

 
(9
)
 
(15
)
 
—

 
9,185

 
(3
)
Residential mortgage-backed securities
3,654

 
87

 
(6
)
 
(3
)
 
—

 
3,732

 
—

Commercial mortgage-backed securities
84

 
2

 
—

 
—

 
—

 
86

 
—

Other securities
1,648

 
21

 
(3
)
 
(5
)
 
—

 
1,661

 
—

Total fixed maturity securities
$
19,508

 
$
720

 
$
(24
)
 
$
(23
)
 
$
—

 
$
20,181

 
$
(3
)
Aggregate Fair Value and Gross Unrealized Loss of Fixed Maturity Securities in an Unrealized Loss Position
For fixed maturity securities in an unrealized loss position at March 31, 2020 and December 31, 2019, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position: 
 
Less than 12 Months
 
12 Months or Greater
(Securities are whole amounts)
Number of
Securities
 
Estimated
Fair Value
 
Gross
Unrealized
Loss
 
Number of
Securities
 
Estimated
Fair Value
 
Gross
Unrealized
Loss
March 31, 2020
 
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
United States Government securities
1

 
$
—

 
$
—

 
—

 
$
—

 
$
—

Government sponsored securities
278

 
224

 
(48
)
 
1

 
—

 
—

States, municipalities and political subdivisions
239

 
509

 
(14
)
 
3

 
4

 
—

Corporate securities
2,773

 
5,003

 
(450
)
 
170

 
176

 
(44
)
Residential mortgage-backed securities
603

 
1,182

 
(95
)
 
63

 
57

 
(7
)
Commercial mortgage-backed securities
14

 
29

 
(3
)
 
3

 
6

 
(1
)
Other securities
520

 
1,175

 
(97
)
 
58

 
142

 
(14
)
Total fixed maturity securities
4,428

 
$
8,122

 
$
(707
)
 
298

 
$
385

 
$
(66
)
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
United States Government securities
27

 
$
250

 
$
(3
)
 
2

 
$
1

 
$
—

Government sponsored securities
14

 
12

 
—

 
3

 
1

 
—

States, municipalities and political subdivisions
114

 
306

 
(3
)
 
14

 
11

 
—

Corporate securities
386

 
558

 
(9
)
 
224

 
286

 
(15
)
Residential mortgage-backed securities
321

 
635

 
(6
)
 
189

 
237

 
(3
)
Commercial mortgage-backed securities
1

 
3

 
—

 
4

 
8

 
—

Other securities
166

 
415

 
(3
)
 
113

 
358

 
(5
)
Total fixed maturity securities
1,029

 
$
2,179

 
$
(24
)
 
549

 
$
902

 
$
(23
)
Fixed Maturity Securities, Available-for-sale, Allowance for Credit Loss
The table below presents a roll-forward by major security type of the allowance for credit losses on fixed maturity securities available-for-sale held at period end for the three months ended March 31, 2020:
 
 
 
Corporate Securities
Allowance for credit losses:
 
 
 
 
Beginning balance
 
 
$
—

 
Additions for securities for which no previous expected credit losses were recognized
 
 
51

Total allowance for credit losses
 
 
$
51
Amortized Cost and Fair Value of Fixed Maturity Securities, By Contractual Maturity
The amortized cost and fair value of fixed maturity securities at March 31, 2020, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations.
 
Amortized
Cost
 
Estimated
Fair Value
Due in one year or less
$
520

 
$
511

Due after one year through five years
5,730

 
5,583

Due after five years through ten years
6,035

 
5,882

Due after ten years
4,603

 
4,610

Mortgage-backed securities
3,812

 
3,800

Total fixed maturity securities
$
20,700

 
$
20,386
Proceeds and Realized Gains and Losses from Fixed Maturity Securities
Proceeds from sales, maturities, calls or redemptions of fixed maturity securities and the related gross realized gains and gross realized losses for the three months ended March 31, 2020 and 2019 are as follows:
 
 
Three Months Ended 
 March 31
 
 
2020
 
2019
Proceeds
 
$
1,931

 
$
1,468

Gross realized gains
 
43

 
18

Gross realized losses
 
(20
)
 
(17
)
Investments In Equity Securities
A summary of marketable equity securities at March 31, 2020 and December 31, 2019 is as follows:
 
March 31, 2020
 
December 31, 2019
Equity securities:
 
 
 
Exchange traded funds
$
245

 
$
44

Fixed maturity mutual funds
211

 
643

Common equity securities
32

 
237

Private equity securities
82

 
85

Total
$
570

 
$
1,009
Gains (Losses) Related to Equity Securities
The gains and losses related to equity securities for the three months ended March 31, 2020 and 2019 are as follows:
 
 
Three Months Ended March 31
 
 
2020
 
2019
Net realized (losses) gains recognized on equity securities
 
$
(50
)
 
$
79

Less: Net realized gains recognized on equity securities sold during the period
 
(18
)
 
(21
)
Unrealized (losses) gains recognized on equity securities still held at March 31
 
$
(68
)
 
$
58
Securities Lending Programs
The remaining contractual maturity of our securities lending agreements at March 31, 2020 is as follows:
 
Overnight and Continuous
Securities lending transactions
 
Cash
$
354

United States Government securities
69

Other securities
4

Total
$
427