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Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Premiums earned $ 4,101,347 $ 3,934,625 $ 3,894,098
Net investment income 620,041 653,463 547,793
Net realized capital gains (losses):      
Other-than-temporary impairments on fixed maturity securities (16,223) (2,975) (13,210)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)         
Other net realized capital gains (losses) 23,146 104,886 10,898
Total net realized capital gains (losses) 6,923 101,911 (2,312)
Realized gain on debt repurchase     78,271
Net derivative gain (loss) (11,261) (1,119) 3,204
Other income (expense) (23,089) 16,927 (22,476)
Total revenues 4,693,961 4,705,807 4,498,578
CLAIMS AND EXPENSES:      
Incurred losses and loss adjustment expenses 3,726,204 2,945,712 2,374,058
Commission, brokerage, taxes and fees 950,521 931,855 928,333
Other underwriting expenses 182,403 166,258 167,178
Corporate expenses 16,461 14,914 17,607
Interest, fees and bond issue cost amortization expense 52,319 55,830 72,081
Total claims and expenses 4,927,908 4,114,569 3,559,257
INCOME (LOSS) BEFORE TAXES (233,947) 591,238 939,321
Income tax expense (benefit) (153,461) (19,516) 132,332
NET INCOME (LOSS) (80,486) 610,754 806,989
Other comprehensive income (loss), net of tax 34,720 60,220 621,201
COMPREHENSIVE INCOME (LOSS) $ (45,766) $ 670,974 $ 1,428,190
EARNINGS PER COMMON SHARE:      
Basic $ (1.49) $ 10.73 $ 13.26
Diluted $ (1.49) $ 10.70 $ 13.22
Dividends declared $ 1.92 $ 1.92 $ 1.92