Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSETS:
Fixed maturity investments trading, at fair value (amortized cost: 2013: $6,065,350; 2012: $6,473,429)	$ 6,100,798	$ 6,626,454
Equity securities trading, at fair value (cost: 2013: $647,301; 2012: $480,312)	699,846	523,949
Other invested assets	911,392	783,534
Total investments	7,712,036	7,933,937
Cash and cash equivalents	531,936	681,879
Restricted cash	149,393	183,485
Insurance balances receivable	664,731	510,532
Funds held	632,430	336,368
Prepaid reinsurance	340,992	277,406
Reinsurance recoverable	1,234,504	1,141,110
Accrued investment income	32,236	29,135
Net deferred acquisition costs	126,661	108,010
Goodwill	268,376	268,376
Intangible assets	48,831	51,365
Balances receivable on sale of investments	76,544	418,879
Net deferred tax assets	37,469	25,580
Other assets	89,691	63,884
Total assets	11,945,830	12,029,946
LIABILITIES:
Reserve for losses and loss expenses	5,766,529	5,645,549
Unearned premiums	1,396,256	1,218,021
Reinsurance balances payable	173,023	136,264
Balances due on purchases of investments	104,740	759,934
Senior notes	798,499	798,215
Dividends payable	16,732	0
Accounts payable and accrued liabilities	170,225	145,628
Total liabilities	8,426,004	8,703,611
SHAREHOLDERS’ EQUITY:
Common shares: 2013: par value CHF 12.30 per share and 2012: par value CHF 12.64 per share (2013: 34,492,484; 2012: 36,369,868 shares issued and 2013: 33,417,882; 2012: 34,797,781 shares outstanding)	418,988	454,980
Treasury shares, at cost (2013: 1,074,602; 2012: 1,572,087)	(79,992)	(113,818)
Retained earnings	3,180,830	2,985,173
Total shareholders’ equity	3,519,826	3,326,335
Total liabilities and shareholders’ equity	$ 11,945,830	$ 12,029,946