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Fair Value (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value [Abstract]  
Fair Value Measurement Levels For All Assets And Liabilities

     
Fair Value Measurement Using:
 
       
Quoted Prices
         
       
in Active
   
Significant
     
       
Markets for
   
Other
   
Significant
 
       
Identical
   
Observable
   
Unobservable
 
       
Assets
   
Inputs
   
Inputs
 
(Dollars in thousands)
 
June 30, 2015
 
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
               
Fixed maturities, market value
               
U.S. Treasury securities and obligations of
               
U.S. government agencies and corporations
 
$
348,252
   
$
-
   
$
348,252
   
$
-
 
Obligations of U.S. States and political subdivisions
   
738,719
     
-
     
738,719
     
-
 
Corporate securities
   
5,036,615
     
-
     
5,034,657
     
1,958
 
Asset-backed securities
   
452,082
     
-
     
452,082
     
-
 
Mortgage-backed securities
                               
Commercial
   
305,460
     
-
     
305,460
     
-
 
Agency residential
   
2,208,958
     
-
     
2,208,958
     
-
 
Non-agency residential
   
1,349
     
-
     
1,349
     
-
 
Foreign government securities
   
1,348,039
     
-
     
1,348,039
     
-
 
Foreign corporate securities
   
3,035,327
     
-
     
3,027,490
     
7,837
 
Total fixed maturities, market value
   
13,474,801
     
-
     
13,465,006
     
9,795
 
                                 
Fixed maturities, fair value
   
228
     
-
     
228
     
-
 
Equity securities, market value
   
137,516
     
122,578
     
14,938
     
-
 
Equity securities, fair value
   
1,483,803
     
1,365,367
     
118,436
     
-
 
                                 
Liabilities:
                               
Equity index put option contracts
 
$
40,819
   
$
-
   
$
-
   
$
40,819
 

   
Fair Value Measurement Using:
 
       
Quoted Prices
         
       
in Active
   
Significant
     
       
Markets for
   
Other
   
Significant
 
       
Identical
   
Observable
   
Unobservable
 
       
Assets
   
Inputs
   
Inputs
 
(Dollars in thousands)
 
December 31, 2014
 
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
               
Fixed maturities, market value
               
U.S. Treasury securities and obligations of
               
U.S. government agencies and corporations
 
$
231,038
   
$
-
   
$
231,038
   
$
-
 
Obligations of U.S. States and political subdivisions
   
824,472
     
-
     
824,472
     
-
 
Corporate securities
   
4,706,985
     
-
     
4,706,985
     
-
 
Asset-backed securities
   
341,222
     
-
     
341,222
     
-
 
Mortgage-backed securities
                               
Commercial
   
241,685
     
-
     
233,088
     
8,597
 
Agency residential
   
2,183,164
     
-
     
2,183,164
     
-
 
Non-agency residential
   
2,731
     
-
     
2,731
     
-
 
Foreign government securities
   
1,532,455
     
-
     
1,532,455
     
-
 
Foreign corporate securities
   
3,037,315
     
-
     
3,030,149
     
7,166
 
Total fixed maturities, market value
   
13,101,067
     
-
     
13,085,304
     
15,763
 
                                 
Fixed maturities, fair value
   
1,509
     
-
     
1,509
     
-
 
Equity securities, market value
   
140,210
     
124,295
     
15,915
     
-
 
Equity securities, fair value
   
1,447,820
     
1,337,396
     
110,424
     
-
 
                                 
Liabilities:
                               
Equity index put option contracts
 
$
47,022
   
$
-
   
$
-
   
$
47,022
 
Activity Under Level 3, Fair Value Measurements Using Significant Unobservable Inputs By Asset Type

   
Three Months Ended June 30, 2015
   
Six Months Ended June 30, 2015
 
   
Corporate
   
Foreign
       
Corporate
       
Foreign
     
(Dollars in thousands)
 
Securities
   
Corporate
   
Total
   
Securities
   
CMBS
   
Corporate
   
Total
 
Beginning balance
 
$
2,653
   
$
6,125
   
$
8,778
   
$
-
   
$
8,597
   
$
7,166
   
$
15,763
 
Total gains or (losses) (realized/unrealized)
                                                       
Included in earnings
   
2
     
58
     
60
     
4
     
-
     
115
     
119
 
Included in other comprehensive income (loss)
   
(3
)
   
1,169
     
1,166
     
(2
)
   
-
     
71
     
69
 
Purchases, issuances and settlements
   
(12
)
   
-
     
(12
)
   
1,928
     
-
     
-
     
1,928
 
Transfers in and/or (out) of Level 3
   
(682
)
   
485
     
(197
)
   
28
     
(8,597
)
   
485
     
(8,084
)
Ending balance
 
$
1,958
   
$
7,837
   
$
9,795
   
$
1,958
   
$
-
   
$
7,837
   
$
9,795
 
                                                         
The amount of total gains or losses for the period
                                                       
included in earnings (or changes in net assets)
                                                       
attributable to the change in unrealized gains
                                                       
or losses relating to assets still held
                                                       
 at the reporting date
 
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
 
                                                         
(Some amounts may not reconcile due to rounding.)
                                                       



   
Three Months Ended June 30, 2014
   
Six Months Ended June 30, 2014
 
   
Asset-backed
   
Foreign
   
Non-agency
       
Asset-backed
   
Foreign
   
Non-agency
     
(Dollars in thousands)
 
Securities
   
Corporate
   
RMBS
   
Total
   
Securities
   
Corporate
   
RMBS
   
Total
 
Beginning balance
 
$
3,672
   
$
473
   
$
264
   
$
4,409
   
$
5,299
   
$
481
   
$
347
   
$
6,127
 
Total gains or (losses) (realized/unrealized)
                                                               
Included in earnings
   
38
     
17
     
4
     
59
     
56
     
18
     
142
     
216
 
Included in other comprehensive income (loss)
   
42
     
(20
)
   
(3
)
   
19
     
75
     
(20
)
   
(24
)
   
31
 
Purchases, issuances and settlements
   
(752
)
   
(470
)
   
(6
)
   
(1,228
)
   
(1,494
)
   
(479
)
   
(206
)
   
(2,179
)
Transfers in and/or (out) of Level 3
   
-
     
-
     
-
     
-
     
(936
)
   
-
     
-
     
(936
)
Ending balance
 
$
3,000
   
$
-
   
$
259
   
$
3,259
   
$
3,000
   
$
-
   
$
259
   
$
3,259
 
                                                                 
The amount of total gains or losses for the period
                                                               
included in earnings (or changes in net assets)
                                                               
attributable to the change in unrealized gains
                                                               
or losses relating to assets still held
                                                               
 at the reporting date
 
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
   
$
-
 
                                                                 
(Some amounts may not reconcile due to rounding.)
                                                               
Fair Value Measurements Using Significant Unobservable Inputs For Equity Index Put Option Contracts
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
(Dollars in thousands)
 
2015
   
2014
   
2015
   
2014
 
Liabilities:
               
Balance, beginning of period
 
$
47,264
   
$
37,083
   
$
47,022
   
$
35,423
 
Total (gains) or losses (realized/unrealized)
                               
Included in earnings
   
(6,445
)
   
(3,774
)
   
(6,203
)
   
(2,113
)
Included in other comprehensive income (loss)
   
-
     
-
     
-
     
-
 
Purchases, issuances and settlements
   
-
     
-
     
-
     
-
 
Transfers in and/or (out) of Level 3
   
-
     
-
     
-
     
-
 
Balance, end of period
 
$
40,819
   
$
33,309
   
$
40,819
   
$
33,309
 
                                 
The amount of total gains or losses for the period included in earnings
                               
(or changes in net assets) attributable to the change in unrealized
                               
gains or losses relating to liabilities still held at the reporting date
 
$
-
   
$
-
   
$
-
   
$
-
 
                                 
(Some amounts may not reconcile due to rounding.)