Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Derivative Fair Values On Condensed Consolidated Balance Sheets


	December 31, 2011								December 31, 2010
	Asset Derivative Notional Amount		Asset Derivative Fair Value		Liability Derivative Notional Amount		Liability Derivative Fair Value		Asset Derivative Notional Amount		Asset Derivative Fair Value		Liability Derivative Notional Amount		Liability Derivative Fair Value
Derivatives not designated as hedging instruments
Relating to investment portfolio:
Put options ⁽¹⁾	$	4,461	$	336	$	—	$	—	$	—	$	—	$	—	$	—
Foreign exchange contracts ⁽²⁾		64,580		1,754		233,801		5,188		—		—		—		—
Interest rate futures ⁽²⁾		680,650		977		292,000		3,467		—		—		—		—

	$	749,691	$	3,067	$	525,801	$	8,655	$	—	$	—	$	—	$	—
Relating to operating activities and capital management:
Foreign exchange contracts ⁽²⁾	$	26,582	$	276	$	105,732	$	3,746	$	26,758	$	858	$	51,308	$	1,629

Total derivatives	$	776,273	$	3,343	$	631,533	$	12,401	$	26,758	$	858	$	51,308	$	1,629

(1)	Asset and liability derivatives relating to the put options are classified within "equity securities trading, at fair value" on the consolidated balance sheets.

(2)	All other asset and liability derivatives are classified within "other assets" or "accounts payable and accrued liabilities" on the consolidated balance sheets.

Schedule Of Unrealized And Realized Gains (Losses) On Derivatives Recorded In The Consolidated Income Statement


		For the year ended December 31,
	Location of Gain (Loss) Recognized in the Consolidated Income Statements	2011			2010			2009
Derivatives not designated as hedging instruments
Relating to investment portfolio:
Put options	Net realized investment losses	$	(4,125	)	$	—		$	—
Foreign exchange contracts	Net realized investment losses		(6,242	)		—			—
Interest rate futures	Net realized investment losses		(59,723	)		—			—

		$	(70,090	)	$	—		$	—
Relating to operating activities and capital management:
Foreign exchange contracts	Foreign exchange (losses) gains	$	(6,005	)	$	3,403		$	6,904
Treasury yield hedge	Net realized investment losses		—			(3,958	)		—

Total derivatives		$	(76,095	)	$	(555	)	$	6,904

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details