Meadowbrook Insurance Group Just Filed Its Annual Report: The cost or amortize...

The cost or amortized cost, gross unrealized gains, losses, non-credit other than temporary impairments (“OTTI”) and estimated fair value of investments in securities classified as available for sale at December 31, 2013 and December 31, 2012 were as follows (in thousands):

 
 
December 31, 2013
 
 
Cost or
Gross Unrealized
   
 
Amortized
Cost
  
Gains
  
Losses
  
Non-Credit
OTTI
  
Estimated
Fair Value
  
Debt Securities:
 
  
  
  
  
 
U.S. Government and agencies
 
$
24,985
  
$
572
  
$
(188
)
 
$
-
   
25,369
 
Obligations of states and political subs
  
730,004
   
25,509
   
(20,121
)
  
-
   
735,392
 
Corporate securities
  
534,913
   
15,529
   
(11,935
)
  
-
   
538,507
 
Residential mortgage-backed securities
  
118,930
   
2,191
   
(4,737
)
  
-
   
116,384
 
Commercial mortgage-backed securities
  
26,719
   
617
   
(868
)
  
-
   
26,468
 
Other asset-backed securities
  
20,203
   
763
   
(40
)
  
-
   
20,926
 
Total debt securities available for sale
  
1,455,754
   
45,181
   
(37,889
)
  
-
   
1,463,046
 
Equity Securities:
                    
Perpetual preferred stock
  
71
   
147
   
-
   
-
   
218
 
Common stock
  
95,275
   
14,933
   
(444
)
  
-
   
109,764
 
Total equity securities available for sale
  
95,346
   
15,080
   
(444
)
  
-
   
109,982
 
Total securities available for sale
 
$
1,551,100
  
$
60,261
  
$
(38,333
)
 
$
-
  
$
1,573,028
 

 
 
 
December 31, 2012
 
 
 
Cost or
  
Gross Unrealized
  
 
 
 
Amortized
Cost
  
Gains
  
Losses
  
Non-Credit
OTTI
  
Estimated
Fair Value
 
Debt Securities:
 
  
  
  
  
 
U.S. Government and agencies
 
$
26,788
  
$
918
  
$
(22
)
 
$
-
  
$
27,684
 
Obligations of states and political subs
  
587,276
   
43,124
   
(1,427
)
  
-
   
628,973
 
Corporate securities
  
482,290
   
25,569
   
(858
)
  -   
507,001
 
Redeemable preferred stocks
  
1,743
   
436
   
-
   
-
   
2,179
 
Residential mortgage-backed securities
  
73,530
   
4,393
   
(41
)
  -   
77,882
 
Commercial mortgage-backed securities
  
33,732
   
1,800
   
-
   
-
   
35,532
 
Other asset-backed securities
  
6,435
   
1,125
   
(4
)
  -   
7,556
 
Total debt securities available for sale
  
1,211,794
   
77,365
   
(2,352
)
  
-
   
1,286,807
 
Equity Securities:
                    
Perpetual preferred stock
  
6,930
   
1,578
   
-
   
-
   
8,508
 
Common stock
  
13,459
   
901
   
(207
)
  
-
   
14,153
 
Total equity securities available for sale
  
20,389
   
2,479
   
(207
)
  
-
   
22,661
 
Total securities available for sale
 
$
1,232,183
  
$
79,844
  
$
(2,559
)
 
$
-
  
$
1,309,468
 
 

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

Meadowbrook Insurance: Svp & Chief Financial Officer - July 31, 2014

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