
				International
Three Months Ended September 30, 2011	U.S. Insurance			Insurance			Reinsurance			Total
Gross premiums written	$	201,522		$	109,612		$	131,564		$	442,698
Net premiums written		157,310			61,386			131,564			350,260
Net premiums earned		150,474			80,175			140,691			371,340
Other income		—			—			—			—
Net losses and loss expenses		(85,720	)		(43,666	)		(76,160	)		(205,546	)
Acquisition costs		(19,549	)		343			(20,474	)		(39,680	)
General and administrative expenses		(28,945	)		(21,558	)		(15,504	)		(66,007	)

Underwriting income		16,260			15,294			28,553			60,107
Net investment income											47,883
Net realized investment losses											(130,809	)
Other income — termination fee											35,000
Net impairment charges recognized in earnings											—
Amortization and impairment of intangible assets											(767	)
Interest expense											(13,748	)
Foreign exchange loss											(2,966	)

Loss before income taxes										$	(5,300	)


Loss and loss expense ratio		57.0	%		54.5	%		54.1	%		55.4	%
Acquisition cost ratio		13.0	%		(0.4	%)		14.6	%		10.7	%
General and administrative expense ratio		19.2	%		26.9	%		11.0	%		17.8	%

Combined ratio		89.2	%		81.0	%		79.7	%		83.9	%


				International
Three Months Ended September 30, 2010	U.S. Insurance			Insurance			Reinsurance			Total
Gross premiums written	$	181,232		$	100,858		$	96,355		$	378,445
Net premiums written		140,481			65,520			96,168			302,169
Net premiums earned		129,650			80,557			129,289			339,496
Other income		—			—			—			—
Net losses and loss expenses		(55,144	)		(11,040	)		(60,804	)		(126,988	)
Acquisition costs		(18,081	)		29			(23,867	)		(41,919	)
General and administrative expenses		(31,781	)		(22,819	)		(15,271	)		(69,871	)

Underwriting income		24,644			46,727			29,347			100,718
Net investment income											59,479
Net realized investment gains											116,930
Net impairment charges recognized in earnings											—
Amortization and impairment of intangible assets											(892	)
Interest expense											(9,533	)
Foreign exchange gain											1,387

Income before income taxes										$	268,089


Loss and loss expense ratio		42.5	%		13.7	%		47.0	%		37.4	%
Acquisition cost ratio		13.9	%		0.0	%		18.5	%		12.3	%
General and administrative expense ratio		24.5	%		28.3	%		11.8	%		20.6	%

Combined ratio		80.9	%		42.0	%		77.3	%		70.3	%


				International
Nine Months Ended September 30, 2011	U.S. Insurance			Insurance			Reinsurance			Total
Gross premiums written	$	611,562		$	399,530		$	511,892		$	1,522,984
Net premiums written		470,099			245,281			511,554			1,226,934
Net premiums earned		431,812			236,421			393,290			1,061,523
Other income		—			—			—			—
Net losses and loss expenses		(294,146	)		(186,932	)		(264,733	)		(745,811	)
Acquisition costs		(56,527	)		2,946			(67,152	)		(120,733	)
General and administrative expenses		(90,997	)		(62,939	)		(47,228	)		(201,164	)

Underwriting (loss) income		(9,858	)		(10,504	)		14,177			(6,185	)
Net investment income											150,459
Net realized investment losses											(21,555	)
Other income — termination fee											35,000
Net impairment charges recognized in earnings											—
Amortization and impairment of intangible assets											(2,300	)
Interest expense											(41,235	)
Foreign exchange loss											(3,708	)

Income before income taxes										$	110,476


Loss and loss expense ratio		68.1	%		79.1	%		67.3	%		70.3	%
Acquisition cost ratio		13.1	%		(1.2	%)		17.1	%		11.4	%
General and administrative expense ratio		21.1	%		26.6	%		12.0	%		19.0	%

Combined ratio		102.3	%		104.5	%		96.4	%		100.7	%


				International
Nine Months Ended September 30, 2010	U.S. Insurance			Insurance			Reinsurance			Total
Gross premiums written	$	532,980		$	389,881		$	453,594		$	1,376,455
Net premiums written		407,274			245,110			452,872			1,105,256
Net premiums earned		384,514			257,027			375,203			1,016,744
Other income		913			—			—			913
Net losses and loss expenses		(222,767	)		(133,069	)		(192,028	)		(547,864	)
Acquisition costs		(50,895	)		29			(69,775	)		(120,641	)
General and administrative expenses		(89,578	)		(67,321	)		(44,524	)		(201,423	)

Underwriting income		22,187			56,666			68,876			147,729
Net investment income											193,975
Net realized investment gains											289,350
Net impairment charges recognized in earnings											(168	)
Amortization and impairment of intangible assets											(2,675	)
Interest expense											(28,592	)
Foreign exchange loss											(248	)

Income before income taxes										$	599,371


Loss and loss expense ratio		57.9	%		51.8	%		51.2	%		53.9	%
Acquisition cost ratio		13.2	%		0.0	%		18.6	%		11.9	%
General and administrative expense ratio		23.3	%		26.2	%		11.9	%		19.8	%

Combined ratio		94.4	%		78.0	%		81.7	%		85.6	%