Schedule I - Summary Of Investments - Other Than Investments In Related Parties

12 Months Ended

Dec. 31, 2011

Schedule I - Summary Of Investments - Other Than Investments In Related Parties [Abstract]

Schedule I - Summary Of Investments - Other Than Investments In Related Parties


SCHEDULE I — SUMMARY OF INVESTMENTS —
OTHER THAN INVESTMENTS IN RELATED PARTIES
December 31, 2011

Column A	Column B		Column C		Column D
					Amount
					Shown in
			Market		Balance
(Dollars in thousands)	Cost		Value		Sheet
Fixed maturities-available for sale
Bonds:
U.S. government and government agencies	$	284,514	$	300,634	$	300,634
State, municipalities and political subdivisions		1,558,615		1,660,905		1,660,905
Foreign government securities		1,555,707		1,668,218		1,668,218
Foreign corporate securities		2,086,951		2,146,631		2,146,631
Public utilities		323,921		351,653		351,653
All other corporate bonds		3,319,466		3,471,858		3,471,858
Mortgage - backed securities:
Commercial		310,387		321,427		321,427
Agency residential		2,198,937		2,282,593		2,282,593
Non-agency residential		53,365		53,089		53,089
Redeemable preferred stock		39,310		36,516		36,516
Total fixed maturities-available for sale		11,731,173		12,293,524		12,293,524
Fixed maturities - available for sale at fair value (1)		113,859		113,606		113,606
Equity securities - available for sale at market value		463,620		448,930		448,930
Equity securities - available for sale at fair value (1)		1,164,187		1,249,106		1,249,106
Short-term investments		685,332		685,332		685,332
Other invested assets		558,232		558,232		558,232
Cash		448,651		448,651		448,651

Total investments and cash	$	15,165,054	$	15,797,381	$	15,797,381

(1) Original cost does not reflect fair value adjustments, which have been realized through the statements of operations and comprehensive income (loss).

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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