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Restatement of Previously Issued Financial Statements (Details 2) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Net earned premiums$ 211,073,000$ 288,767,000$ 695,118,000$ 900,437,000
Net investment income93,534,00085,615,000290,748,000260,788,000
Net realized investment gains (losses)(11,085,000)(2,374,000)(13,369,000)(1,399,000)
Net change in fair value of credit derivatives1,156,014,000(223,929,000)854,910,000128,340,000
Fair value gain (loss) on committed capital securities2,443,000(5,548,000)3,538,0005,770,000
Net change in financial guaranty variable interest entities(99,230,000)171,258,000(153,915,000)134,953,000
Other income (loss)(7,550,000)33,682,00063,376,0007,357,000
Total revenues1,345,199,000347,471,0001,740,406,0001,436,246,000
Expenses    
Loss and loss adjustment expenses214,991,000110,772,000313,324,000307,394,000
Interest and other operating expenses 85,100,000 267,000,000
Total expenses289,133,000195,820,000559,218,000574,328,000
Income (loss) before income taxes1,056,066,000151,651,0001,181,188,000861,918,000
Provision (benefit) for income taxes    
Current(12,386,000)(191,867,000)(200,121,000)(185,998,000)
Deferred307,299,000178,919,000522,080,000370,722,000
Total provision (benefit) for income taxes294,913,000(12,948,000)321,959,000184,724,000
Net income (loss)761,200,000164,600,000859,200,000677,200,000
Earnings per share:    
Basic (in dollars per share)$ 4.15$ 0.89$ 4.67$ 3.67
Diluted (in dollars per share)$ 4.13$ 0.88$ 4.61$ 3.58
As Previously Filed
    
Revenues    
Net earned premiums 288,700,000 900,400,000
Net investment income 85,600,000 260,800,000
Net realized investment gains (losses) (2,400,000) (1,400,000)
Net change in fair value of credit derivatives (232,500,000) 119,800,000
Fair value gain (loss) on committed capital securities (5,500,000) 5,800,000
Net change in financial guaranty variable interest entities 76,500,000 61,600,000
Other income (loss) 33,800,000 7,400,000
Total revenues 244,200,000 1,354,400,000
Expenses    
Loss and loss adjustment expenses 109,100,000 310,800,000
Interest and other operating expenses (41,600,000) 135,500,000
Total expenses 67,500,000 446,300,000
Income (loss) before income taxes 176,700,000 908,100,000
Provision (benefit) for income taxes    
Current (191,900,000) (186,000,000)
Deferred 187,700,000 387,700,000
Total provision (benefit) for income taxes (4,200,000) 201,700,000
Net income (loss) 180,900,000 706,400,000
Earnings per share:    
Basic (in dollars per share) $ 0.98 $ 3.83
Diluted (in dollars per share) $ 0.96 $ 3.73
Reclassifications
    
Revenues    
Net change in financial guaranty variable interest entities 126,700,000 131,500,000
Total revenues 126,700,000 131,500,000
Expenses    
Interest and other operating expenses 126,700,000 131,500,000
Total expenses 126,700,000 131,500,000
Subtotal
    
Revenues    
Net earned premiums 288,700,000 900,400,000
Net investment income 85,600,000 260,800,000
Net realized investment gains (losses) (2,400,000) (1,400,000)
Net change in fair value of credit derivatives (232,500,000) 119,800,000
Fair value gain (loss) on committed capital securities (5,500,000) 5,800,000
Net change in financial guaranty variable interest entities 203,200,000 193,100,000
Other income (loss) 33,800,000 7,400,000
Total revenues 370,900,000 1,485,900,000
Expenses    
Loss and loss adjustment expenses 109,100,000 310,800,000
Interest and other operating expenses 85,100,000 267,000,000
Total expenses 194,200,000 577,800,000
Income (loss) before income taxes 176,700,000 908,100,000
Provision (benefit) for income taxes    
Current (191,900,000) (186,000,000)
Deferred 187,700,000 387,700,000
Total provision (benefit) for income taxes (4,200,000) 201,700,000
Net income (loss) 180,900,000 706,400,000
Earnings per share:    
Basic (in dollars per share) $ 0.98 $ 3.83
Diluted (in dollars per share) $ 0.96 $ 3.73
FG VIE Eliminations
    
Revenues    
Net change in financial guaranty variable interest entities (31,900,000) (58,100,000)
Total revenues (31,900,000) (58,100,000)
Expenses    
Loss and loss adjustment expenses 1,300,000 1,400,000
Total expenses 1,300,000 1,400,000
Income (loss) before income taxes (33,200,000) (59,500,000)
Provision (benefit) for income taxes    
Deferred (11,600,000) (20,800,000)
Total provision (benefit) for income taxes (11,600,000) (20,800,000)
Net income (loss) (21,600,000) (38,700,000)
Other Adjustments
    
Revenues    
Net change in fair value of credit derivatives 8,500,000 8,500,000
Total revenues 8,500,000 8,500,000
Expenses    
Loss and loss adjustment expenses 400,000 (4,800,000)
Total expenses 400,000 (4,800,000)
Income (loss) before income taxes 8,100,000 13,300,000
Provision (benefit) for income taxes    
Deferred 2,800,000 3,800,000
Total provision (benefit) for income taxes 2,800,000 3,800,000
Net income (loss) $ 5,300,000 $ 9,500,000