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Net Investment Income (Tables)
12 Months Ended
Dec. 31, 2015
Investment Income Net [Abstract]  
Schedule of Net Investment Income

The components of net investment income are as follows:

 

 

Year ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

 

(in thousands)

 

Interest:

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents and deposits with banks

$

3,822

 

 

$

4,471

 

 

$

3,694

 

Debt securities

 

76,822

 

 

 

56,373

 

 

 

47,226

 

Other investments

 

1,841

 

 

 

1,213

 

 

 

2,009

 

Loans receivable

 

 

 

 

3,755

 

 

 

5,474

 

Dividends on equity securities

 

11,751

 

 

 

11,961

 

 

 

11,776

 

Equity in earnings of affiliates, net

 

7,800

 

 

 

(16,545

)

 

 

5,316

 

Other

 

314

 

 

 

10,488

 

 

 

14,400

 

Total investment income

 

102,350

 

 

 

71,716

 

 

 

89,895

 

Investment expenses (1)

 

(1,797

)

 

 

(675

)

 

 

 

Net investment income

$

100,553

 

 

$

71,041

 

 

$

89,895

 

 

(1)

Investment expenses include fees paid to third party investment managers, which the Company began utilizing in 2014.