Income from Investments (Tables)

12 Months Ended

Dec. 31, 2020

Net Investment Income for the years ended December 31, 2020, 2019 and 2018 was:


DOLLARS IN MILLIONS	2020		2019		2018
Investment Income:
Interest on Fixed Income Securities	$	289.8	$	299.4	$	268.9
Dividends on Equity Securities Excluding Alternative Investments	15.4		22.9		13.6
Alternative Investments:
Equity Method Limited Liability Investments	4.9		1.0		11.0

Limited Liability Investments Included in Equity Securities	22.1		18.0		26.4
Total Alternative Investments	27.0		19.0		37.4
Short-term Investments	5.5		8.2		7.0
Loans to Policyholders	22.1		22.6		22.5
Real Estate	9.6		9.8		9.6
Other	13.2		1.5		0.9
Total Investment Income	382.6		383.4		359.9
Investment Expenses:
Real Estate	8.8		9.6		9.7
Other Investment Expenses	25.6		9.5		9.3
Total Investment Expenses	34.4		19.1		19.0
Net Investment Income	$	348.2	$	364.3	$	340.9

The components of Net Realized Gains on Sales of Investments for the years ended December 31, 2020, 2019 and 2018 were:


DOLLARS IN MILLIONS	2020		2019		2018
Fixed Maturities:
Gains on Sales	$	40.6	$	41.1	$	25.3
Losses on Sales	(7.9)		(4.8)		(11.1)
Equity Securities:
Gains on Sales	5.9		5.8		12.3
Losses on Sales	(1.9)		(0.2)		—
Equity Method Limited Liability Investments:

Losses on Sales	(0.4)		—		—
Real Estate:
Gains on Sales	1.8		—		—

Other Investments:


Losses on Sales	—		—		(0.1)

Net Realized Gains on Sales of Investments	$	38.1	$	41.9	$	26.4

Gross Gains on Sales	$	48.3	$	46.9	$	37.6
Gross Losses on Sales	(10.2)		(5.0)		(11.2)

Net Realized Gains on Sales of Investments	$	38.1	$	41.9	$	26.4

The components of Impairment Losses reported in the Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018 were: