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Income Taxes (Details 2) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Deferred tax assets:      
Unrealized losses on credit derivative financial instruments, net $ 266,900,000 $ 401,600,000  
Unearned premium reserves, net 424,200,000 641,600,000  
Loss and LAE reserve   72,200,000  
Tax and loss bonds 71,200,000 56,700,000  
NOL carry forward 9,400,000 15,000,000  
AMT credit 32,000,000 11,400,000  
Tax basis step-up 6,000,000 6,700,000  
Foreign tax credit 30,200,000 22,300,000  
DAC 4,700,000    
FG VIEs 220,900,000 199,200,000  
Other 112,100,000 63,000,000  
Total deferred income tax assets 1,177,600,000 1,489,700,000  
Deferred tax liabilities:      
DAC   2,300,000  
Contingency reserves 75,600,000 61,100,000  
Loss and LAE reserve 1,000,000    
Tax basis of public debt 104,800,000 107,100,000  
Unrealized appreciation on investments 135,900,000 18,300,000  
Unrealized gains on CCS 19,100,000 6,600,000  
Other 70,300,000 35,200,000  
Total deferred income tax liabilities 406,700,000 230,600,000  
Net deferred income tax asset 770,943,000 1,259,125,000 1,274,200,000
Foreign tax credit carry forward 30,200,000 22,300,000  
AMT credit 32,000,000 11,400,000  
Foreign tax credits from acquisition of AGMH 22,300,000    
Uncertain tax positions      
Balance at the beginning of the period 18,300,000 23,900,000 5,100,000
Impact from AGMH Acquisition     9,300,000
True-up from tax return filings   (7,700,000)  
Increase in unrecognized tax benefits as a result of position taken during the current period 2,100,000 2,100,000 9,500,000
Balance at the end of the period 20,400,000 18,300,000 23,900,000
Interest accrued during the period 600,000    
Interest accrued at the end of the period 2,800,000    
Unrecognized tax benefits that would affect the effective tax rate, if recognized 20,400,000    
Liability for tax basis step-up adjustment 6,900,000 8,000,000  
Reduction in liability for tax basis step-up adjustments 1,100,000    
Period after tax allocation agreement after which company and AFS will negotiate settlement of unrealized tax benefit (in years) 15 years    
Period for which cumulative operating income was considered for assessment of realization of deferred tax assets (in years) 3 years    
AGRO
     
Net operating loss carryforwards      
Stand alone NOL 27,000,000 42,900,000  
Stand alone NOL available through 2019 6,300,000    
Stand alone NOL available through 2023 20,700,000    
Valuation allowance     7,000,000
Valuation allowance for NOLs released   $ 7,000,000