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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

(Dollars In ThousanDs, unless o Therw Ise noTeD)

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Convertible securities carried at fair value in the consolidated balance sheet as follows:

Other investments in limited partnerships carried at fair value in the consolidated balance sheet as follows:

The amortized cost and estimated fair value of fixed income securities and convertible bonds at December 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or repayment penalties.

Net realized and unrealized gains on investments consisted of the following:

The Company had on deposit, as required by various state regulatory agencies, fixed income securities with a fair value of $2,815 and $2,842 and cash equivalents of $1,114 and $1,053 at December 31, 2022 and 2021, respectively.

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