Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||
(Amounts are in thousands) | ||||||||||||||||
2013 | ||||||||||||||||
Tax exempt bonds | $ | 3,430,028 | 25,588 | 9,917 | 3,445,699 | |||||||||||
Taxable bonds | 1,445,901 | 7,641 | 3,863 | 1,449,679 | ||||||||||||
Restricted investments | 170,000 | — | 86 | 169,914 | ||||||||||||
Equity securities | 790,975 | 139,119 | 3,900 | 926,194 | ||||||||||||
$ | 5,836,904 | 172,348 | 17,766 | 5,991,486 | ||||||||||||
2012 | ||||||||||||||||
Tax exempt bonds | $ | 3,115,963 | 33,787 | 2,646 | 3,147,104 | |||||||||||
Taxable bonds | 1,141,514 | 17,667 | 355 | 1,158,826 | ||||||||||||
Restricted investments | 170,000 | 431 | — | 170,431 | ||||||||||||
Equity securities | 510,613 | 58,631 | 12,499 | 556,745 | ||||||||||||
$ | 4,938,090 | 110,516 | 15,500 | 5,033,106 |
2013 | 2012 | ||||||||||||
Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||
(Amounts are in thousands) | |||||||||||||
Due in one year or less | $ | 824,780 | 829,559 | 792,946 | 797,260 | ||||||||
Due after one year through five years | 3,590,615 | 3,609,115 | 2,725,036 | 2,755,043 | |||||||||
Due after five years through ten years | 295,407 | 288,421 | 520,800 | 526,924 | |||||||||
Due after ten years | 165,127 | 168,283 | 218,695 | 226,703 | |||||||||
4,875,929 | 4,895,378 | 4,257,477 | 4,305,930 | ||||||||||
Restricted investments | 170,000 | 169,914 | 170,000 | 170,431 | |||||||||
Equity securities | 790,975 | 926,194 | 510,613 | 556,745 | |||||||||
$ | 5,836,904 | 5,991,486 | 4,938,090 | 5,033,106 |
Less Than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||||
(Amounts are in thousands) | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Tax exempt bonds | $ | 502,304 | 6,710 | 106,985 | 3,207 | 609,289 | 9,917 | ||||||||||||||||||
Taxable bonds | 535,233 | 3,347 | 19,367 | 516 | 554,600 | 3,863 | |||||||||||||||||||
Restricted investments | 169,914 | 86 | — | — | 169,914 | 86 | |||||||||||||||||||
Equity securities | 31,400 | 3,499 | 3,152 | 401 | 34,552 | 3,900 | |||||||||||||||||||
Total temporarily impaired AFS securities | $ | 1,238,851 | 13,642 | 129,504 | 4,124 | 1,368,355 | 17,766 | ||||||||||||||||||
2012 | |||||||||||||||||||||||||
Tax exempt bonds | $ | 566,914 | 2,646 | — | — | 566,914 | 2,646 | ||||||||||||||||||
Taxable bonds | 81,876 | 355 | — | — | 81,876 | 355 | |||||||||||||||||||
Equity securities | 209,759 | 8,878 | 14,260 | 3,621 | 224,019 | 12,499 | |||||||||||||||||||
Total temporarily impaired AFS securities | $ | 858,549 | 11,879 | 14,260 | 3,621 | 872,809 | 15,500 |