Statutory Information (Tables)

12 Months Ended

Dec. 31, 2015

Summary Of Statutory Net Income And Capital And Surplus

The combined statutory net income, excluding intercompany dividends and surplus note interest, and capital and surplus of the Company’s U.S. domiciled statutory insurance subsidiaries follow:



	Years Ended December 31,
	2015			2014		2013
Statutory net income
P&C companies	$	437,422		$	440,930	$	457,068
Life and Health companies	(266,559		)	67,270		148,851
Total statutory net income (1)	$	170,863		$	508,200	$	605,919



	December 31,
	2015		2014
Statutory capital and surplus
P&C companies	$	1,137,978	$	1,396,305
Life and Health companies	1,153,137		1,064,174
Total statutory capital and surplus	$	2,291,115	$	2,460,479

(1) The decline in 2015 from 2014 is primarily due to higher loss experience and adverse claims development on 2015 individual major medical policies, a reduction in the 2014 estimated recoveries from the Affordable Care Act risk mitigation programs and $106,389 (after-tax) of exit and disposal costs, including premium deficiency reserves, severance and retention costs, long-lived asset impairments and similar exit and disposal costs related to the decision to exit the health business mentioned above.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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