XML 43 R97.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Summary Of Segment Results) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Segment Reporting Information [Line Items]                      
Gross premiums written $ 416,537 $ 442,698 $ 519,598 $ 560,688 $ 381,942 $ 378,445 $ 493,847 $ 504,163 $ 1,939,521 $ 1,758,397 $ 1,696,345
Net premiums written 306,832 350,260 395,803 480,871 287,199 302,169 369,795 433,292 1,533,766 1,392,455 1,321,125
Net premiums earned 395,469 371,340 355,307 334,876 342,804 339,496 338,924 338,324 1,456,992 1,359,548 1,316,892
Other income             616 297 101,744 913 1,506
Net losses and loss expenses (213,345) (205,546) (235,813) (304,452) (160,019) (126,988) (188,722) (232,154) (959,156) (707,883) (604,060)
Acquisition costs (46,562) (39,680) (42,971) (38,082) (38,848) (41,919) (37,938) (40,784) (167,295) (159,489) (148,847)
General and administrative expenses (70,492) (66,007) (67,201) (67,956) (85,134) (69,871) (68,089) (63,463) (271,656) (286,557) (248,592)
Underwriting (loss) income                 58,885 206,532 316,899
Net investment income 45,489 47,883 52,368 50,208 50,168 59,479 65,594 68,902 195,948 244,143 300,675
Net realized investment gains (losses) 31,632 (130,809) 58,878 50,376 (3,738) 116,930 94,933 77,487 10,077 285,612 126,352
Other income - termination fee 66,744 35,000             101,744    
Net impairment charges recognized in earnings                   168    (168) (49,577)
Amortization and impairment of intangible assets (678) (767) (766) (767) (808) (892) (891) (892) (2,978) (3,483) (11,051)
Interest expense (13,754) (13,748) (13,745) (13,742) (11,650) (9,533) (9,531) (9,528) (54,989) (40,242) (39,019)
Foreign exchange loss 549 (2,966) (1,184) 442 (196) 1,387 (559) (1,076) (3,159) (444) (748)
Income before income taxes 195,052 (5,300) 104,873 10,903 92,579 268,089 194,337 136,945 305,528 691,950 643,531
Loss and loss expense ratio                 65.80% 52.10% 45.90%
Acquisition cost ratio                 11.50% 11.70% 11.30%
General and administrative expense ratio                 18.60% 21.10% 18.90%
Combined ratio                 95.90% 84.90% 76.10%
U.S. Insurance [Member]
                     
Segment Reporting Information [Line Items]                      
Gross premiums written                 838,567 729,267 674,826
Net premiums written                 639,196 551,063 493,067
Net premiums earned                 584,303 518,444 447,491
Other income                   913 1,506
Net losses and loss expenses                 (387,099) (297,517) (211,363)
Acquisition costs                 (74,976) (67,797) (58,114)
General and administrative expenses                 (124,434) (128,556) (115,797)
Underwriting (loss) income                 (2,206) 25,487 63,723
Loss and loss expense ratio                 66.20% 57.40% 47.20%
Acquisition cost ratio                 12.80% 13.10% 13.00%
General and administrative expense ratio                 21.30% 24.80% 25.90%
Combined ratio                 100.30% 95.30% 86.10%
International Insurance [Member]
                     
Segment Reporting Information [Line Items]                      
Gross premiums written                 530,450 504,937 555,944
Net premiums written                 325,094 319,083 362,893
Net premiums earned                 317,006 338,791 413,170
Net losses and loss expenses                 (206,593) (160,153) (158,062)
Acquisition costs                 2,781 460 (2,742)
General and administrative expenses                 (84,290) (94,226) (84,390)
Underwriting (loss) income                 28,904 84,872 167,976
Loss and loss expense ratio                 65.20% 47.30% 38.30%
Acquisition cost ratio                 (0.90%) (0.10%) 0.70%
General and administrative expense ratio                 26.60% 27.80% 20.40%
Combined ratio                 90.90% 75.00% 59.40%
Reinsurance [Member]
                     
Segment Reporting Information [Line Items]                      
Gross premiums written                 570,504 524,193 465,575
Net premiums written                 569,476 522,309 465,165
Net premiums earned                 555,683 502,313 456,231
Net losses and loss expenses                 (365,464) (250,213) (234,635)
Acquisition costs                 (95,100) (92,152) (87,991)
General and administrative expenses                 (62,932) (63,775) (48,405)
Underwriting (loss) income                 $ 32,187 $ 96,173 $ 85,200
Loss and loss expense ratio                 65.80% 49.80% 51.40%
Acquisition cost ratio                 17.10% 18.30% 19.30%
General and administrative expense ratio                 11.30% 12.70% 10.60%
Combined ratio                 94.20% 80.80% 81.30%