2.4.0.8011301 - Disclosure - Segment Informationtruefalsefalse1false falsefalseFROM_Jan01_2013_TO_Jun30_2013http://www.sec.gov/CIK0001163348duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_SegmentReportingAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Segment Information [Abstract]2false 2us-gaap_SegmentReportingDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse0011. SEGMENT INFORMATION The determination of reportable segments is based on how senior management monitors the Company's underwriting operations. Management monitors the performance of its direct underwriting operations based on the geographic location of the Company's offices, the markets and customers served and the type of accounts written. The Company is currently organized into three operating segments: U.S. insurance, international insurance and reinsurance. All product lines fall within these classifications. The U.S. insurance segment includes the Company's direct specialty insurance operations in the United States. This segment provides both direct property and specialty casualty insurance primarily to non-Fortune 1000 North American domiciled accounts. The international insurance segment includes the Company's direct insurance operations in Bermuda, Europe, Singapore and Hong Kong. This segment provides both direct property and casualty insurance primarily to Fortune 1000 North American domiciled accounts from the Bermuda office and direct property and specialty casualty insurance to our non-North American domiciled accounts from the European, Singapore and Hong Kong offices. The reinsurance segment includes the Company's reinsurance operations in the United States, Bermuda, Europe, Singapore and Hong Kong. This segment provides reinsurance of property, general casualty, professional liability, specialty lines and property catastrophe coverages written by insurance companies. The Company presently writes reinsurance on both a treaty and a facultative basis, targeting several niche reinsurance markets. Responsibility and accountability for the results of underwriting operations are assigned by major line of business within each segment. Because the Company does not manage its assets by segment, investment income, interest expense and total assets are not allocated to individual reportable segments. General and administrative expenses are allocated to segments based on various factors, including staff count and each segment's proportional share of gross premiums written. Management measures results for each segment on the basis of the “loss and loss expense ratio,” “acquisition cost ratio,” “general and administrative expense ratio” and the “combined ratio.” The “loss and loss expense ratio” is derived by dividing net losses and loss expenses by net premiums earned. The “acquisition cost ratio” is derived by dividing acquisition costs by net premiums earned. The “general and administrative expense ratio” is derived by dividing general and administrative expenses by net premiums earned. The “combined ratio” is the sum of the “loss and loss expense ratio,” the “acquisition cost ratio” and the “general and administrative expense ratio.” The following tables provide a summary of the segment results:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;">International</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 10px"><td style="width: 346px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:346px;">Three Months Ended June 30, 2013</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">U.S. Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Reinsurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Total</td></tr><tr style="height: 13px"><td style="width: 346px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:346px;">Gross premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">307,297</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">192,593</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">265,310</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">765,200</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">221,419</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">106,394</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">253,409</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">581,222</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums earned</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">197,436</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">87,041</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">222,794</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">507,271</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net losses and loss expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(124,364)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(30,968)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(119,796)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(275,128)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition costs</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(27,270)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">358</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(37,705)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(64,617)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(38,302)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(24,135)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(18,148)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(80,585)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Underwriting income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">7,500</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">32,296</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">47,145</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">86,941</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net investment income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">37,635</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net realized investment losses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(115,198)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Amortization of intangible assets</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(634)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Interest expense</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(14,188)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Foreign exchange loss</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(490)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Loss before income taxes</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">(5,934)</td></tr><tr style="height: 8px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Loss and loss expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">63.0%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">35.6%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">53.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">54.2%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition cost ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">13.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(0.4%)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">16.9%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">12.7%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">19.4%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">27.7%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">8.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">15.9%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Combined ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">96.2%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">62.9%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">78.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">82.8%</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;">International</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 10px"><td style="width: 346px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:346px;">Three Months Ended June 30, 2012</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">U.S. Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Reinsurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Total</td></tr><tr style="height: 13px"><td style="width: 346px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:346px;">Gross premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">265,974</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">183,593</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">197,303</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">646,870</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">196,661</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">111,342</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">186,707</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">494,710</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums earned</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">162,785</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">82,605</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">184,357</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">429,747</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net losses and loss expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(103,074)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(22,233)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(115,073)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(240,380)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition costs</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(21,250)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">582</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(30,920)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(51,588)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(34,730)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(21,648)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(17,601)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(73,979)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Underwriting income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">3,731</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">39,306</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">20,763</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">63,800</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net investment income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">42,451</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net realized investment gains</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">8,663</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Amortization of intangible assets</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(634)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Interest expense</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(14,001)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Foreign exchange gain</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,019</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Income before income taxes</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">101,298</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Loss and loss expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">63.3%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">26.9%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">62.4%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">55.9%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition cost ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">13.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(0.7%)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">16.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">12.0%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">21.3%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">26.2%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">9.5%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">17.2%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Combined ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">97.7%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">52.4%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">88.7%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">85.1%</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;">International</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 10px"><td style="width: 346px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:346px;">Six Months Ended June 30, 2013</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">U.S. Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Reinsurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Total</td></tr><tr style="height: 13px"><td style="width: 346px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:346px;">Gross premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">563,315</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">321,109</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">717,857</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,602,281</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">413,672</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">184,139</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">678,463</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">1,276,274</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums earned</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">385,875</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">171,255</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">413,369</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">970,499</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net losses and loss expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(257,688)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(59,903)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(212,715)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(530,306)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition costs</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(50,398)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">1,207</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(72,111)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(121,302)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(77,898)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(48,924)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(36,443)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(163,265)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Underwriting (loss) income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">(109)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">63,635</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">92,100</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">155,626</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net investment income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">71,023</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net realized investment losses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(35,561)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Amortization of intangible assets</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(1,267)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Interest expense</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(28,322)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Foreign exchange loss</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(3,008)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Income before income taxes</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">158,491</td></tr><tr style="height: 8px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Loss and loss expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">66.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">35.0%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">51.5%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">54.6%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition cost ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">13.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(0.7%)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">17.4%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">12.5%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">20.2%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">28.6%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">8.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">16.8%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Combined ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">100.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">62.9%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">77.7%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">83.9%</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;">International</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 10px"><td style="width: 346px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:346px;">Six Months Ended June 30, 2012</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">U.S. Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Insurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Reinsurance</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">Total</td></tr><tr style="height: 13px"><td style="width: 346px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:346px;">Gross premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">470,185</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">297,183</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">560,431</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,327,799</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums written</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">350,507</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">183,951</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">549,205</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">1,083,663</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net premiums earned</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">316,143</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">162,476</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">353,018</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">831,637</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net losses and loss expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(200,778)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(60,333)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(204,471)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(465,582)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition costs</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(41,222)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">1,110</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(58,614)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(98,726)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expenses</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(65,774)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(44,049)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(34,522)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">(144,345)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Underwriting income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">8,369</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">59,204</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">55,411</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">122,984</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net investment income</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">89,660</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Net realized investment gains</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">142,244</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Amortization of intangible assets</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(1,267)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Interest expense</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(27,757)</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Foreign exchange gain</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">1,100</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Income before income taxes</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">326,964</td></tr><tr style="height: 8px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:76px;"> </td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Loss and loss expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">63.5%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">37.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">57.9%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">56.0%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Acquisition cost ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">13.0%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">(0.7%)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">16.6%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">11.9%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">General and administrative expense ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">20.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">27.1%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">9.8%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">17.3%</td></tr><tr style="height: 13px"><td style="width: 346px; text-align:left;border-color:#000000;min-width:346px;">Combined ratio</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">97.3%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">63.5%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">84.3%</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">85.2%</td></tr></table></div>The following table shows an analysis of the Company's gross premiums written by geographic location of the Company's subsidiaries. All intercompany premiums have been eliminated. <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;"> </td><td colspan="5" style="width: 178px; text-align:center;border-color:#000000;min-width:178px;">Three Months Ended</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="5" style="width: 178px; text-align:center;border-color:#000000;min-width:178px;">Six Months Ended</td></tr><tr style="height: 10px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;"> </td><td colspan="5" style="width: 178px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:178px;">June 30,</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="5" style="width: 178px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:178px;">June 30,</td></tr><tr style="height: 10px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">2012</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;">2012</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">United States</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">440,151</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">349,577</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">918,594</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;">738,548</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">Bermuda</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">211,040</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">193,195</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">439,712</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">375,358</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">Europe</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">60,234</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">60,008</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">146,743</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">135,384</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">Singapore</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">48,918</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">40,128</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">87,031</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">69,311</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">Hong Kong</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">4,857</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">3,962</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">10,201</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">9,198</td></tr><tr style="height: 13px"><td style="width: 354px; text-align:left;border-color:#000000;min-width:354px;">Total gross premiums written</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">765,200</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">646,870</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">1,602,281</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:8px;">$</td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:76px;">1,327,799</td></tr></table></div>Europe includes gross premiums written attributable to Switzerland of $5,868 and $4,071 for the three months ended June 30, 2013 and 2012, respectively, and $46,674 and $33,435 for the six months ended June 30, 2013 and 2012, respectively. falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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