Net realized investment gains for the three months ended March 31, 2013 and 2012 are as follows (in thousands):

		Three Months Ended
		March 31,
		2013		2012

Available-for-sale securities:
Fixed maturities	$	471	$	69
Common stock		-		-
Preferred stock		23		-
Total available-for-sale securities		494		69

Trading securities		6		34

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		40		3
Total unrealized gain on trading securities		40		23

Net realized investment gains	$	540	$	126

For the three months ended March 31, 2013, the Company recorded realized gross gains of $519,000 and gross losses of $25,000 on available-for-sale securities. For the three months ended March 31, 2012, the Company recorded realized gross gains of $119,000 and gross losses of $50,000 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.