XML 20 R79.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reinsurance and Other Monoline Exposures (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Reinsurance and Other Monoline Exposures [abstract]        
Reduction to net income if unearned assumed premiums are recaptured $ 800,000   $ 800,000  
Reduction to net income if additional unearned assumed premiums are recaptured 10,100,000   10,100,000  
Commutation gains (losses)   8,100,000 83,300,000 32,200,000
Commutations of Ceded Reinsurance Contracts        
Increase in net unearned premium reserve 0 (22,400,000) 106,100,000 (20,100,000)
Increase in net par outstanding 0 (1,045,000,000) 19,073,000,000 (780,000,000)
Premiums Written:        
Direct 45,000,000 26,900,000 106,900,000 57,400,000
Assumed (14,300,000) [1] (9,900,000) [1] 12,200,000 [1] (51,900,000) [1]
Ceded 800,000 [2] 400,000 [2] 87,800,000 [2] 4,400,000 [2]
Net 31,500,000 17,400,000 206,900,000 9,900,000
Premiums Earned:        
Direct 245,000,000 238,600,000 451,100,000 514,900,000
Assumed 12,000,000 21,000,000 26,200,000 31,000,000
Ceded (37,700,000) (29,600,000) (64,300,000) (61,900,000)
Net earned premiums 219,299,000 230,068,000 412,976,000 484,045,000
Loss and LAE:        
Direct 91,800,000 129,400,000 400,500,000 136,500,000
Assumed 45,700,000 7,200,000 63,000,000 (5,800,000)
Ceded (15,000,000) (12,700,000) (94,200,000) (32,300,000)
Loss and loss adjustment expenses $ 122,446,000 $ 123,913,000 $ 369,293,000 $ 98,333,000
[1] Negative assumed premiums written were due to changes in expected debt service schedules.
[2] Positive ceded premiums written were due to commutations and changes in expected debt service schedules.