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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net income (loss) $ 376,548 $ (43,105) $ (106,476) $ 96,151
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $8,333, $61,394, $27,382 and $41,762 31,925 127,198 74,048 80,808
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(1,141), $(5,323), $(8,486) and $3,872 (4,321) (12,389) (18,057) 8,456
Unrealized holding gains (losses) arising during the period, net of tax 27,604 114,809 55,991 89,264
Less: reclassification adjustment for gains (losses) included in net income (loss), net of tax provision (benefit) of $(3,975), $(1,743), $(5,247), and $(1,571) (4,637) (4,227) (5,493) (3,198)
Change in net unrealized gains on investments 32,241 119,036 61,484 92,462
Change in cumulative translation adjustment, net of tax provision (benefit) of $(636), $191, $305 and $860 (1,182) 346 568 1,589
Change in cash flow hedge, net of tax provision (benefit) of $(57), $(57), $(113) and $(113) (104) (104) (209) (209)
Other comprehensive income (loss) 30,955 119,278 61,843 93,842
Comprehensive income (loss) $ 407,503 $ 76,173 $ (44,633) $ 189,993