Unrealized Loss on Below-Investment-Grade Fixed Maturity Securities Length of Time in Unrealized Loss Position At December 31, 2020, we held no fixed maturity securities with a gross unrealized loss greater than $10.0 million. During the first quarter of 2020, we recognized the following credit losses greater than $10 million: • $20.8 million on fixed maturity securities issued by an oil and gas producer. The profitability of the company has been impacted by the decline in oil prices. Given the current environment, near term debt maturities may be difficult to refinance. We changed our intent to hold this security in the second quarter of 2020 and recognized a $1.4 million loss on the sale of the security in addition to the credit loss previously recorded. • $17.1 million on fixed maturity securities issued by an oil and gas producer. The profitability of the company has been impacted by the decline in oil prices and the company has a high level of debt. The company filed for bankruptcy as expected in early April 2020. We changed our intent to hold this security in the third quarter of 2020 and recognized a $1.0 million loss on the sale of the security in addition to the credit loss previously recorded. • $10.2 million on fixed maturity securities issued by a paper company whose sales of lumber and other products have been impacted by the slowdown in the economy. As a result of an improvement in lumber and other products, during 88 (in millions of dollars) 2020 2019 December 31 September 30 June 30 March 31 December 31 Fair Value < 100% >= 70% of Amortized Cost <= 90 days $ 4.0  $ 13.8  $ 16.1  $ 167.0  $ 0.5  > 90 <= 180 days —  4.5  77.1  0.7  3.1  > 180 <= 270 days 1.6  40.0  0.4  0.8  5.1  > 270 days <= 1 year 7.8  0.2  5.5  4.4  0.9  > 1 year <= 2 years 1.9  6.4  8.1  0.8  17.5  > 2 years <= 3 years 5.0  4.1  11.7  12.1  1.3  > 3 years 7.4  8.1  7.9  11.5  13.7  Sub-total 27.7  77.1  126.8  197.3  42.1  Fair Value < 70% >= 40% of Amortized Cost <= 90 days —  —  —  114.6  —  > 90 <= 180 days —  —  5.2  2.7  —  > 180 <= 270 days —  1.0  3.8  12.8  15.1  > 270 days <= 1 year —  3.8  —  12.5  —  > 1 year <= 2 years 10.2  9.8  13.6  5.7  —  > 2 years <= 3 years —  8.1  —  1.2  —  > 3 years —  13.8  13.9  10.6  10.5  Sub-total 10.2  36.5  36.5  160.1  25.6  Fair Value < 40% of Amortized Cost <= 90 days —  —  —  9.6  —  > 270 days <= 1 year —  —  —  15.7  —  > 1 year <= 2 years —  —  —  8.5  —  > 2 years <= 3 years —  —  —  9.0  —  > 3 years —  —  —  16.8  —  Sub-total —  —  —  59.6  —  Total $ 37.9  $ 113.6  $ 163.3  $ 417.0  $ 67.7 