Net Investment Income and Realized Investment Gains (Losses)

9 Months Ended

Sep. 30, 2015

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Net Investment Income and Realized Investment Gains (Losses)

Note 8 – Net Investment Income and Realized Investment Gains (Losses)

Net investment income is shown below (in thousands):

	Three months ended September 30,					Nine months ended September 30,
	2015			2014		2015			2014
Bonds	$	138,707		$	148,715	$	421,543		$	450,110
Equity securities		9,353			8,146		27,869			26,488
Mortgage loans		50,681			51,652		149,682			159,010
Real estate		13,555			14,245		11,949			11,347
Options		(33,682	)		6,562		(34,646	)		29,011
Other invested assets		5,868			7,169		20,960			21,638
Total	$	184,482		$	236,489	$	597,357		$	697,604

Realized investment gains (losses) are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Bonds	$	(34	)	$	1,925		$	10,063		$	21,837
Equity securities		7,669			229			44,579			10,293
Mortgage loans		639			(1,551	)		(94	)		(5,424	)
Real estate		(739	)		(1,242	)		9,094			1,787
Other invested assets		(7	)		(10	)		(44	)		(945	)
Total	$	7,528		$	(649	)	$	63,598		$	27,548

Other-than-temporary impairment losses are shown below (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Bonds	$	(286	)	$	—		$	(286	)	$	(41	)
Equity securities		(19,121	)		(1,608	)		(22,618	)		(3,004	)
Total	$	(19,407	)	$	(1,608	)	$	(22,904	)	$	(3,045	)