Note 5 Net Realized Investment Gains (Losses)

3 Months Ended

Sep. 30, 2011

Net Realized Investment Gains (Losses)

Net Realized Investment Gains (Losses)

Note 5.                        Net Realized Investment Gains

            Net realized investment gains for the three months and nine months ended September 30, 2011 and 2010 are as follows (in thousands):

				Three Months Ended				Nine Months Ended
				September 30,				September 30,
				2011		2010		2011		2010
Net realized investment gains (losses):
	Fixed maturities		$	2,252	$	5,104	$	2,535	$	6,847
	Common stocks			(696)		(210)		(722)		(58)
	Preferred stocks			(632)		490		792		516
		Total available-for-sale securities		924		5,384		2,605		7,305
Sales of trading securities				-		(1,355)		-		(1,355)
Other				-		1		-		63
Net realized investment gains			$	924	$	4,030	$	2,605	$	6,013

For the three months and nine months ended September 30, 2011, the Company realized gross gains of $3,112,000 and $9,730,000, respectively, and realized gross losses of $2,188,000 and $7,125,000, respectively, on sales of available-for-sale securities. For the three months and nine months ended September 30, 2010, the Company realized gross gains of $6,220,000 and $11,400,000, respectively, and realized gross losses of $836,000 and $4,095,000, respectively, on sales of available-for-sale securities.