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Condensed Consolidated Guarantor Financial Statements (Tables)
9 Months Ended
Sep. 30, 2012
Condensed Consolidated Guarantor Financial Statements [Abstract]  
Schedule of condensed consolidating balance sheet
Unaudited Condensed Consolidating Balance Sheet:
               
 Allied World Allied World      
 Switzerland Bermuda Other Allied   Allied World
 (Parent (Subsidiary World Consolidating Switzerland
As of September 30, 2012Guarantor) Issuer) Subsidiaries Adjustments Consolidated
ASSETS:              
Investments$0 $0 $8,210,065 $0 $8,210,065
Cash and cash equivalents 24,450  9,573  605,494  0  639,517
Insurance balances receivable 0  0  754,978  0  754,978
Reinsurance recoverable 0  0  1,077,522  0  1,077,522
Net deferred acquisition costs 0  0  127,527  0  127,527
Goodwill and intangible assets 0  0  320,374  0  320,374
Balances receivable on sale of investments 0  0  756,570  0  756,570
Investments in subsidiaries 3,427,446  4,716,399  0  (8,143,845)  0
Due (to) from subsidiaries (4,536)  (6,869)  11,405  0  0
Other assets 1,813  6,450  417,173  0  425,436
Total assets$3,449,173 $4,725,553 $12,281,108 $(8,143,845) $12,311,989
LIABILITIES:              
Reserve for losses and loss expenses$0 $0 $5,450,787 $0 $5,450,787
Unearned premiums 0  0  1,316,399  0  1,316,399
Reinsurance balances payable 0  0  120,432  0  120,432
Balances due on purchases of investments 0  0  1,075,069  0  1,075,069
Senior notes 0  798,147  0  0  798,147
Other liabilities 13,387  12,493  89,489  0  115,369
Total liabilities 13,387  810,640  8,052,176  0  8,876,203
Total shareholders’ equity 3,435,786  3,914,913  4,228,932  (8,143,845)  3,435,786
Total liabilities and shareholders’ equity$3,449,173 $4,725,553 $12,281,108 $(8,143,845) $12,311,989

               
 Allied World Allied World      
 Switzerland Bermuda Other Allied   Allied World
 (Parent (Subsidiary World Consolidating Switzerland
As of December 31, 2011Guarantor) Issuer) Subsidiaries Adjustments Consolidated
ASSETS:              
Investments$0 $0 $7,406,594 $0 $7,406,594
Cash and cash equivalents 112,672  8,886  512,438  0  633,996
Insurance balances receivable 0  0  652,158  0  652,158
Reinsurance recoverable 0  0  1,002,919  0  1,002,919
Net deferred acquisition costs 0  0  100,334  0  100,334
Goodwill and intangible assets 0  0  322,274  0  322,274
Balances receivable on sale of investments 0  0  580,443  0  580,443
Investments in subsidiaries 3,064,066  3,964,585  0  (7,028,651)  0
Due (to) from subsidiaries (4,853)  (6,769)  11,622  0  0
Other assets 1,504  6,367  415,569  0  423,440
Total assets$3,173,389 $3,973,069 $11,004,351 $(7,028,651) $11,122,158
LIABILITIES:              
Reserve for losses and loss expenses$0 $0 $5,225,143 $0 $5,225,143
Unearned premiums 0  0  1,078,412  0  1,078,412
Reinsurance balances payable 0  0  124,539  0  124,539
Balances due on purchases of investments 0  0  616,728  0  616,728
Senior notes 0  797,949  0  0  797,949
Other liabilities 24,367  17,688  88,310  0  130,365
Total liabilities 24,367  815,637  7,133,132  0  7,973,136
Total shareholders’ equity 3,149,022  3,157,432  3,871,219  (7,028,651)  3,149,022
Total liabilities and shareholders’ equity$3,173,389 $3,973,069 $11,004,351 $(7,028,651) $11,122,158
Schedule of condensed consolidating income statement
Unaudited Condensed Consolidating Income Statement:
                
  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Three Months Ended September 30, 2012Guarantor) Issuer) Subsidiaries Adjustments Consolidated
Net premiums earned$0 $0 $441,017 $0 $441,017
Net investment income 7  6  39,108  0  39,121
Net realized investment losses 0  0  149,813  0  149,813
Net losses and loss expenses 0  0  (258,948)  0  (258,948)
Acquisition costs 0  0  (51,086)  0  (51,086)
General and administrative expenses (6,013)  (235)  (72,324)  0  (78,572)
Amortization of intangible assets 0  0  (633)  0  (633)
Interest expense 0  (13,822)  0  0  (13,822)
Foreign exchange gain (loss) (206)  (83)  (734)  0  (1,023)
Income tax (expense) benefit 0  0  (6,220)  0  (6,220)
Equity in earnings of consolidated subsidiaries 225,859  231,471  0  (457,330)  0
NET INCOME (LOSS)$219,647 $217,337 $239,993 $(457,330) $219,647
Unrealized losses on investments arising during the period              
 net of applicable deferred income tax Benefit of $15 0  0  (29)  0  (29)
Reclassification adjustment for net realized investment              
 gains included in net income, net of applicable income tax 0  0  0  0  0
Other comprehensive loss 0  0  (29)  0  (29)
COMPREHENSIVE INCOME (LOSS)$219,647 $217,337 $239,964 $(457,330) $219,618

                
  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Three Months Ended September 30, 2011Guarantor) Issuer) Subsidiaries Adjustments Consolidated
Net premiums earned$0 $0 $371,340 $0 $371,340
Net investment income 7  3  47,873  0  47,883
Net realized investment gains 0  0  (130,809)  0  (130,809)
Other income - termination fee 35,000  0  0  0  35,000
Net losses and loss expenses 0  0  (205,546)  0  (205,546)
Acquisition costs 0  0  (39,680)  0  (39,680)
General and administrative expenses (2,110)  (913)  (62,984)  0  (66,007)
Amortization of intangible assets 0  0  (767)  0  (767)
Interest expense 0  (13,748)  0  0  (13,748)
Foreign exchange gain (loss) 10  (907)  (2,069)  0  (2,966)
Income tax (expense) benefit (2,730)  0  (2,942)  0  (5,672)
Equity in earnings of consolidated subsidiaries (41,148)  0  0  0  0
NET INCOME (LOSS)$(10,971) $(15,565) $(25,584) $0 $(10,972)
Unrealized gains on investments arising during the period              
 net of applicable deferred income tax expense of $5,476 0  0  20  0  20
Reclassification adjustment for net realized investment              
 gains included in net income, net of applicable income tax 0  0  (5,319)  0  (5,319)
Other comprehensive loss 0  0  (5,299)  0  (5,299)
COMPREHENSIVE INCOME (LOSS)$(10,971) $(15,565) $(30,883) $0 $(16,271)

  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Nine Months Ended September 30, 2012Guarantor) Issuer) Subsidiaries Adjustments Consolidated
Net premiums earned$0 $0 $1,272,654 $0 $1,272,654
Net investment income 21  17  128,743  0  128,781
Net realized investment losses 0  0  292,057  0  292,057
Net losses and loss expenses 0  0  (724,530)  0  (724,530)
Acquisition costs 0  0  (149,812)  0  (149,812)
General and administrative expenses (14,247)  (2,689)  (205,981)  0  (222,917)
Amortization of intangible assets 0  0  (1,900)  0  (1,900)
Interest expense 0  (41,579)  0  0  (41,579)
Foreign exchange loss (gain) 343  (150)  (116)  0  77
Income tax (expense) benefit 71  0  (18,748)  0  (18,677)
Equity in earnings of consolidated subsidiaries 547,966  580,880  0  (1,128,846)  0
NET INCOME (LOSS)$534,154 $536,479 $592,367 $(1,128,846) $534,154
Unrealized gains on investments arising during the period              
 net of applicable deferred income tax expense of $81 0  0  150  0  150
Reclassification adjustment for net realized investment               
 gains included in net income, net of applicable income tax 0  0  (13,249)  0  (13,249)
Other comprehensive loss 0  0  (13,099)  0  (13,099)
COMPREHENSIVE INCOME (LOSS)$534,154 $536,479 $579,268 $(1,128,846) $521,055

  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Nine Months Ended September 30, 2011Guarantor) Issuer) Subsidiaries Adjustments Consolidated
Net premiums earned$0 $0 $1,061,523 $0 $1,061,523
Net investment income 51  25  150,383  0  150,459
Net realized investment gains 0  0  (21,555)  0  (21,555)
Other income - termination fee 35,000  0  0  0  35,000
Net losses and loss expenses 0  0  (745,811)  0  (745,811)
Acquisition costs 0  0  (120,733)  0  (120,733)
General and administrative expenses (7,919)  (5,141)  (188,104)  0  (201,164)
Amortization of intangible assets 0  0  (2,300)  0  (2,300)
Interest expense 0  (41,235)  0  0  (41,235)
Foreign exchange gain (loss) 11  (1,131)  (2,588)  0  (3,708)
Income tax (expense) benefit (2,730)  0  (16,298)  0  (19,028)
Equity in earnings of consolidated subsidiaries 67,035  114,243  0  (181,278)  0
NET INCOME (LOSS)$91,448 $66,761 $114,517 $(181,278) $91,448
Unrealized gains on investments arising during the period              
 net of applicable deferred income tax expense of $3,051 0  0  5,656  0  5,656
Reclassification adjustment for net realized investment              
 gains included in net income, net of applicable income tax 0  0  (44,995)  0  (44,995)
Other comprehensive loss 0  0  (39,339)  0  (39,339)
COMPREHENSIVE INCOME (LOSS)$91,448 $66,761 $75,178 $(181,278) $52,109
Schedule of condensed consolidating cash flows
Unaudited Condensed Consolidating Cash Flows:
                
  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Nine Months Ended September 30, 2012Guarantor) Issuer) Subsidiaries Adjustments Consolidated
CASH FLOWS PROVIDED BY (USED IN)              
 OPERATING ACTIVITIES$162,141 $687 $336,824 $0 $499,652
CASH FLOWS PROVIDED BY (USED IN)              
 INVESTING ACTIVITIES:              
Purchases trading securities 0  0  (6,328,719)  0  (6,328,719)
Purchases of other invested assets 0  0  (52,578)  0  (52,578)
Sales of available for sale securities 0  0  215,318  0  215,318
Sales of trading securities 0  0  5,778,138  0  5,778,138
Sales of other invested assets 0  0  110,429  0  110,429
Other 0  0  33,644  0  33,644
 Net cash provided by (used in) investing activities 0  0  (243,768)  0  (243,768)
CASH FLOWS PROVIDED BY (USED IN)              
 FINANCING ACTIVITIES:              
Partial par value reduction (54,721)  0  0  0  (54,721)
Proceeds from the exercise of stock options 9,104  0  0  0  9,104
Share repurchases (204,746)  0  0  0  (204,746)
 Net cash provided by (used in) financing activities (250,363)  0  0  0  (250,363)
NET INCREASE (DECREASE) IN CASH AND              
 CASH EQUIVALENTS (88,222)  687  93,056  0  5,521
CASH AND CASH EQUIVALENTS, BEGINNING              
 OF PERIOD 112,672  8,886  512,438  0  633,996
CASH AND CASH EQUIVALENTS, END OF              
 PERIOD$24,450 $9,573 $605,494 $0 $639,517

  Allied World Allied World      
  Switzerland Bermuda Other Allied   Allied World
  (Parent (Subsidiary World Consolidating Switzerland
Nine Months Ended September 30, 2011Guarantor) Issuer) Subsidiaries Adjustments Consolidated
                
CASH FLOWS PROVIDED BY (USED IN)              
 OPERATING ACTIVITIES:$34,318 $(52,678) $510,550 $0 $492,190
CASH FLOWS PROVIDED BY (USED IN)              
 INVESTING ACTIVITIES:              
Purchases of available for sale securities 0  0  (727)  0  (727)
Purchases of trading securities 0  0  (5,555,249)  0  (5,555,249)
Purchases of other invested assets 0  0  (265,720)  0  (265,720)
Sales of available for sale securities 0  0  627,392  0  627,392
Sales of trading securities 0  0  4,841,580  0  4,841,580
Sales of other invested assets 0  0  40,129  0  40,129
Other (4,496)  0  59,824  0  55,328
 Net cash provided by (used in) investing activities (4,496)  0  (252,771)  0  (257,267)
CASH FLOWS PROVIDED BY (USED IN)              
 FINANCING ACTIVITIES:              
Partial par value reduction (14,295)  0  0  0  (14,295)
Proceeds from the exercise of stock options 5,317  0  0  0  5,317
Share repurchases (60,000)  0  0  0  (60,000)
Repurchase of founder warrants 0  (53,620)  0  0  (53,620)
Other (391)  (820)  1,211  0  0
 Net cash provided by (used in) financing activities (69,369)  (54,440)  1,211  0  (122,598)
NET INCREASE (DECREASE) IN CASH AND              
 CASH EQUIVALENTS (39,547)  (107,118)  258,990  0  112,325
CASH AND CASH EQUIVALENTS, BEGINNING              
 OF PERIOD 138,488  125,663  492,844  0  756,995
CASH AND CASH EQUIVALENTS, END OF              
 PERIOD$98,941 $18,545 $751,834 $0 $869,320