The following tables summarize changes in Level 3 assets and liabilities for the years ended December 31, 2018 and 2017: For the year ended December 31, 2018, one common stock in the arbitrage trading account was transferred into Level 3 and one common stock was transferred out of Level 3. In the case of the transfer into Level 3, a publicly traded price was no longer available and in the case of the transfer out, a publicly traded price became available. For the year ended December 31, 2017, there were no transfers in or out of Level 3. Gains (Losses) Included in: (In thousands) Beginning Balance Earnings (Losses) Other Comprehensive Income (Losses) Impairments Purchases Sales Paydowns/Maturities Transfers In / Out Ending Balance Year ended December 31, 2018 Assets: Fixed maturity securities available for sale: Asset-backed securities $ 172 $ (2) $ 46 $ — $ — $ (117) $ — $ — $ 99 Total 172 (2 ) 46 — — (117 ) — — 99 Equity securities: Common stocks 9,370 (548 ) — — (227 ) — 1 8,596 Preferred stocks 10,843 100 — — (6,998) — — 3,945 Total 20,213 (448 ) — — — (7,225 ) — 1 12,541 Arbitrage trading account — (6) — — 11,523 (11) — 5,802 17,308 Total $ 20,385 $ (456 ) $ 46 $ — $ 11,523 $ (7,353 ) $ — $ 5,803 $ 29,948 Year ended December 31, 2017 Assets: Fixed maturity securities available for sale: Asset-backed securities $ 183 $ 3 $ 34 $ — $ — $ (48) $ — $ — $ 172 Total 183 3 34 — — (48 ) — — 172 Equity securities: Common stocks 8,754 — 616 — — — — — 9,370 Preferred stocks 3,662 8 — — 7,173 — — — 10,843 Total 12,416 8 616 — 7,173 — — — 20,213 Arbitrage trading account — 8 — — — (8) — — — Total $ 12,599 $ 19 $ 650 $ — $ 7,173 $ (56 ) $ — $ — $ 20,385 76