Net realized investment gains for the three months and six months ended June 30, 2012 and 2011 are as follows (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2012		2011		2012		2011

Sales of available-for-sale securities:
Fixed maturities	$	86	$	101	$	155	$	103
Common stock		-		(1)		-		(18)
Total sales of available-for-sale securities		86		100		155		85

Sales of trading securities		(20)		-		14		-

Unrealized gain (loss) on trading securities:
Available-for-sale securities transferred
to trading category on January 1, 2012		-		-		20		-
Change in unrealized gain on trading securities		(22)		-		(19)		-
Total unrealized gain on trading securities		(22)		-		1		-

Net realized investment gains	$	44	$	100	$	170	$	85

For the three months and six months ended June 30, 2012, the Company recorded realized gross gains of $180,000 and $299,000, respectively, and gross losses of $94,000 and $144,000, respectively on available-for-sale securities. For the three months and six months ended June 30, 2011, the Company recorded realized gross gains of $200,000 and $291,000, respectively, and gross losses of $100,000 and $206,000, respectively on available-for-sale securities.

On January 1, 2012, the Company transferred equity securities previously classified as available-for-sale into the trading category and, as a result, recognized $42,000 of gross gains and $22,000 of gross losses in net realized investment gains on the accompanying Condensed Consolidated Statement of Operations. These gains and losses were previously included in accumulated other comprehensive income on the accompanying Condensed Consolidated Balance Sheet at December 31, 2011.