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Major categories of net investment income are summarized as follows: 

## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(Continued) 

<img src='content_image/1035624.jpg'>

The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales. 

<img src='content_image/1035626.jpg'>

We sold 29, 68 and 41 fixed maturity securities from our available-for-sale portfolio in 2020, 2019 and 2018, respectively, as part of a repositioning strategy recommended by our asset manager. There were no securities sold from the held-to-maturity portfolio in 2018. 

There were no sales of equity securities in 2020, 2019 and 2018. 

Realized investment gains (losses) are as follows: 

<img src='content_image/1035630.jpg'>

