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Investments (Details) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Maximum
Dec. 31, 2011
Minimum
Dec. 31, 2009
Retained Earnings
Dec. 31, 2009
Accumulated Other Comprehensive Income
Apr. 30, 2009
Cumulative effect of the adoption of the OTTI standard
Retained Earnings
Apr. 30, 2009
Cumulative effect of the adoption of the OTTI standard
Accumulated Other Comprehensive Income
Dec. 31, 2011
Investment in Portfolio Funding Company LLC I
Sep. 30, 2010
Investment in Portfolio Funding Company LLC I
Dec. 31, 2011
Fixed maturity securities
Dec. 31, 2010
Fixed maturity securities
Dec. 31, 2009
Fixed maturity securities
Dec. 31, 2011
Short-term investments.
Dec. 31, 2010
Short-term investments.
Dec. 31, 2009
Short-term investments.
Dec. 31, 2011
Fixed and short-term maturity securities
Dec. 31, 2010
Fixed and short-term maturity securities
Investments                                                      
Percentage of fixed maturity securities classified as available-for-sale                                                   98.00%  
Maturity period for classification as short-term investments (in years)                       1 year                              
Percentage of an equity investment acquired in a restructuring of an insured CDS                                   50.00% 50.00%                
Reclassification of losses from retained earnings to accumulated OCI (AOCI)                           $ (57,652,000) $ 57,652,000 $ (62,200,000) $ 62,200,000                    
Percentage of decline in market value of a security below amortized cost considered for assessment of impairment of investments                         20.00%                            
Continuous period of more than 20% decline in market value considered for assessment of impairment of investments (in months)                         6 months                            
Continuous period of any percentage decline in market value considered for assessment of impairment of investments (in months)                 12 months                                    
Accrued investment income                                                   100,300,000 97,900,000
Net Investment Income                                                      
Gross investment income                 400,100,000 363,200,000 265,600,000                 399,200,000 359,700,000 262,400,000 900,000 3,500,000 3,200,000    
Investment expenses                 (9,100,000) (8,500,000) (6,400,000)                                
Net investment income 100,300,000 93,500,000 101,100,000 96,100,000 93,900,000 85,600,000 90,900,000 84,300,000 391,017,000 354,703,000 259,222,000                                
Net Realized Investment Gains (Losses)                                                      
Realized gains on investment portfolio                 36,400,000 31,100,000 28,300,000                                
Realized losses on investment portfolio                 (9,800,000) (5,700,000) (15,200,000)                                
Other-than-temporary impairment (OTTI):                                                      
Intent to sell                 (5,400,000) (4,000,000) (13,400,000)                                
Credit component of OTTI securities                 (39,200,000) (23,400,000) (32,400,000)                                
OTTI                 (44,600,000) (27,400,000) (45,800,000)                                
Net realized investment gains (losses) (4,600,000) (11,100,000) (5,100,000) 2,800,000 (600,000) (2,400,000) (8,400,000) 9,400,000 (17,992,000) (1,994,000) (32,662,000)                                
Roll Forward of Credit Losses in the Investment Portfolio                                                      
Balance, at the beginning of the period       27,300,000       19,900,000 27,300,000 19,900,000 600,000                                
Additions for credit losses on securities for which an OTTI was not previously recognized                 26,600,000 7,300,000 13,600,000                                
Eliminations of securities issued by VIE                 (13,500,000)                                    
Reductions for securities sold during the period                 (6,400,000)   (100,000)                                
Additions for credit losses on securities for which an OTTI was previously recognized                 12,700,000 100,000 6,100,000                                
Reductions for credit losses now recognized in earnings due to intention to sell the security                     (300,000)                                
Balance, at the end of the period $ 46,700,000       $ 27,300,000       $ 46,700,000 $ 27,300,000 $ 19,900,000