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Note 7 - Investments Level 3 (Tables)
 12 Months Ended
Dec. 31, 2013
Investments [Abstract]  
Total Debt And Equity Securities [Table Text Block]
Our held to maturity and available for sale securities within our investment portfolio consisted of the following as of the dates indicated:
 
December 31, 2013
(In thousands)
Amortized
Cost
 
Fair Value
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
Fixed-maturities held to maturity:
 
 
 
 
 
 
 
State and municipal obligations
$
358

 
$
351

 
$
—

 
$
7

 
$
358

 
$
351

 
$
—

 
$
7

Fixed-maturities available for sale:
 
 
 
 
 
 
 
U.S. government and agency securities
$
8,939

 
$
9,106

 
$
224

 
$
57

State and municipal obligations
26,489

 
25,946

 
26

 
569

Corporate bonds and notes
11,951

 
12,045

 
578

 
484

RMBS
72,665

 
73,115

 
450

 
—

Other investments
341

 
341

 
—

 
—

 
$
120,385

 
$
120,553

 
$
1,278

 
$
1,110

Equity securities available for sale (1)
$
78,106

 
$
135,168

 
$
57,062

 
$
—

Total debt and equity securities
$
198,849

 
$
256,072

 
$
58,340

 
$
1,117

______________________
(1)
Comprising broadly diversified domestic equity mutual funds ($128.3 million fair value) and various preferred and common stocks invested across numerous companies and industries ($6.9 million fair value).
 
December 31, 2012
(In thousands)
Amortized
Cost
 
Fair Value
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
Fixed-maturities held to maturity:
 
 
 
 
 
 
 
State and municipal obligations
$
679

 
$
676

 
$
3

 
$
6

 
$
679

 
$
676

 
$
3

 
$
6

Fixed-maturities available for sale:
 
 
 
 
 
 
 
U.S. government and agency securities
$
4,969

 
$
5,305

 
$
336

 
$
—

State and municipal obligations
17,922

 
17,995

 
116

 
43

Corporate bonds and notes
15,618

 
16,369

 
1,110

 
359

RMBS
50

 
51

 
3

 
2

Other investments
922

 
976

 
54

 
—

 
$
39,481

 
$
40,696

 
$
1,619

 
$
404

Equity securities available for sale (1)
$
88,260

 
$
112,139

 
$
23,879

 
$
—

Total debt and equity securities
$
128,420

 
$
153,511

 
$
25,501

 
$
410

______________________
(1)
Comprising broadly diversified domestic equity mutual funds ($98.9 million fair value) and various preferred and common stocks invested across numerous companies and industries ($13.2 million fair value).
Trading Securities (and Certain Trading Assets) [Table Text Block]
The trading securities within our investment portfolio, which are recorded at fair value, consisted of the following as of the dates indicated:
 
 
December 31,
(In thousands)
2013
 
2012
Trading securities:
 
 
 
U.S. government and agency securities
$
393,815

 
$
428,519

State and municipal obligations
595,070

 
669,975

Corporate bonds and notes
1,024,574

 
1,357,175

RMBS
487,239

 
663,307

CMBS
288,895

 
237,294

Other ABS
195,816

 
254,102

Foreign government and agency securities (1)
40,657

 
117,686

Hybrid securities
—

 
211,944

Equity securities
90,604

 
153,722

Other investments
759

 
898

Total
$
3,117,429

 
$
4,094,622

______________________
(1)
As of December 31, 2013 and 2012, our trading portfolio included no foreign sovereign or sub-sovereign (collectively, “Sovereign”) securities of the six European countries (Portugal, Ireland, Italy, Greece, Spain and Hungary) whose Sovereign obligations have been under particular stress due to economic uncertainty, potential restructuring and ratings downgrades or securities of any other countries under similar stress.
Investment Income [Table Text Block]
Net investment income consisted of:
     
 
Year Ended December 31,
(In thousands)
2013
 
2012
 
2011
Investment income:
 
 
 
 
 
Fixed-maturities
$
101,851

 
$
106,418

 
$
155,183

Equity securities
10,843

 
10,136

 
11,559

Short-term investments
309

 
345

 
611

Other
3,749

 
5,261

 
4,017

Gross investment income
116,752

 
122,160

 
171,370

Investment expenses
(8,664
)
 
(7,823
)
 
(7,850
)
Net investment income
$
108,088

 
$
114,337

 
$
163,520
Gain (Loss) on Investments [Table Text Block]
Net realized and unrealized gains (losses) on investments consisted of:
 
 
Year Ended December 31,
(In thousands)
2013

2012

2011
Net realized gains (losses):
 
 
 
 
 
Fixed-maturities held to maturity
$
2

 
$
37

 
$
491

Fixed-maturities available for sale
1,314

 
3,556

 
(52,473
)
Equities available for sale
349

 
5,070

 
6,228

Trading securities
14,215

 
224,000

 
121,393

Short-term investments
2

 
7

 
(1
)
Other invested assets
8,841

 
375

 
—

Other gains
190

 
—

 
—

Net realized gains on investments
24,913

 
233,045

 
75,638

Unrealized (losses) gains on trading securities
(175,841
)
 
(49,815
)
 
126,539

Unrealized gains on other invested assets
1,208

 
1,658

 
—

Total (losses) gains on investments
$
(149,720
)
 
$
184,888

 
$
202,177
Available-for-sale Securities, Proceeds and Gains (Losses) [Table Text Block]
The sources of our proceeds and related investment gains (losses) on our available for sale securities are as follows:
 
Year Ended December 31,
(In thousands)
2013
 
2012
 
2011
Fixed-maturities available for sale:
 
 
 
 
 
Proceeds received from redemptions
$
9,269

 
$
5,909

 
$
32,214

Proceeds received from sales
22,248

 
79,535

 
136,217

Gross investment gains from sales and redemptions
1,455

 
4,081

 
1,577

Gross investment losses from sales and redemptions
(141
)
 
(525
)
 
(54,050
)
Equities available for sale:
 

 
 

 
 

Proceeds received from sales and redemptions
10,503

 
31,234

 
52,014

Gross investment gains from sales and redemptions
349

 
5,070

 
6,238

Gross investment losses from sales and redemptions
—

 
—

 
(10
)
Unrealized Gain (Loss) on Investments [Table Text Block]
The change in unrealized gains (losses) recorded in accumulated other comprehensive income (loss) consisted of the following:
 
 
Year Ended December 31,
(In thousands)
2013
 
2012
 
2011
Fixed-maturities:
 
 
 
 
 
Unrealized holding gains arising during the period, net of tax
$
173

 
$
4,415

 
$
11,328

Less reclassification adjustment for net gains (losses) included in net (loss) income, net of tax
1,152

 
5,750

 
(34,697
)
Net unrealized (losses) gains on investments, net of tax
$
(979
)
 
$
(1,335
)
 
$
46,025

Equities:
 

 
 

 
 

Unrealized holding gains (losses) arising during the period, net of tax
$
21,796

 
$
9,717

 
$
(3,928
)
Less reclassification adjustment for net (losses) gains included in net (loss) income, net of tax
(273
)
 
3,522

 
2,769

Net unrealized gains (losses) on investments, net of tax
$
22,069

 
$
6,195

 
$
(6,697
)
Schedule Of Unrealized Losses [Table Text Block]
The following tables show the gross unrealized losses and fair value of our securities deemed “available for sale” and “held to maturity,” aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated:
December 31, 2013: ($ in thousands) Description of Securities
 
Less Than 12 Months
 
12 Months or Greater
 
Total
# of
securities
 
Fair Value
 
Unrealized
Losses
 
# of
securities
 
Fair Value
 
Unrealized
Losses
 
# of
securities
 
Fair Value
 
Unrealized
Losses
U.S. government and agency securities
 
1

 
$
5,401

 
$
57

 
—

 
$
—

 
$
—

 
1

 
$
5,401

 
$
57

State and municipal obligations
 
4

 
14,502

 
42

 
2

 
5,514

 
534

 
6

 
20,016

 
576

Corporate bonds and notes
 
—

 
—

 
—

 
2

 
2,966

 
484

 
2

 
2,966

 
484

Total
 
5

 
$
19,903

 
$
99

 
4

 
$
8,480

 
$
1,018

 
9

 
$
28,383

 
$
1,117


December 31, 2012: ($ in thousands) Description of Securities
 
Less Than 12 Months
 
12 Months or Greater
 
Total
# of
securities
 
Fair Value
 
Unrealized
Losses
 
# of
securities
 
Fair Value
 
Unrealized
Losses
 
# of
securities
 
Fair Value
 
Unrealized
Losses
State and municipal obligations
 
—

 
$
—

 
$
—

 
2

 
$
6,004

 
$
49

 
2

 
$
6,004

 
$
49

Corporate bonds and notes
 
—

 
—

 
—

 
6

 
5,329

 
359

 
6

 
5,329

 
359

RMBS
 
1

 
31

 
2

 
—

 
—

 
—

 
1

 
31

 
2

Total
 
1

 
$
31

 
$
2

 
8

 
$
11,333

 
$
408

 
9

 
$
11,364

 
$
410
Investments Classified by Contractual Maturity Date [Table Text Block]
The contractual maturities of fixed-maturity investments are as follows:
 
December 31, 2013
 
Held to Maturity
 
Available for Sale
(In thousands)
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Due in one year or less (1)
$
50

 
$
50

 
$
3,577

 
$
3,168

Due after one year through five years (1)
—

 
—

 
15,127

 
15,262

Due after five years through ten years (1)
—

 
—

 
4,700

 
4,683

Due after ten years (1)
308

 
301

 
24,316

 
24,325

RMBS (2)
—

 
—

 
72,665

 
73,115

Total
$
358

 
$
351

 
$
120,385

 
$
120,553

______________________
(1)
Actual maturities may differ as a result of calls before scheduled maturity.
(2)
RMBS are shown separately, as they are not due at a single maturity date.
Investment Holdings, Schedule of Investments [Table Text Block]
At December 31, 2013, investments in any person and its affiliates that exceeded 10% of our total stockholders’ equity were as follows:
 
 
December 31, 2013
(In thousands) Name 
Equity Securities AFS
 
Trading
Securities
 
Short-Term
Investments

 
Total
Northern Institutional Treasury Portfolio
$
—

 
$
—

 
$
399,559

 
$
399,559

Vanguard Institutional Index Fund
128,286

 
—

 
—

 
128,286

State of Illinois
—

 
103,348

 
—

 
103,348

BlackRock Liquidity Funds T-Fund Portfolio Money Market
—

 
—

 
100,980

 
100,980

Federated Treasury Obligations Fund
—

 
—

 
99,450

 
99,450

Total
$
128,286

 
$
103,348

 
$
599,989

 
$
831,623