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USD ($)
$FROM_Jan01_2011_TO_Mar31_2011http://www.sec.gov/CIK0001289592duration2011-01-01T00:00:002011-03-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_GeneralPoliciesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_SignificantAccountingPoliciesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">Note 2</font><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;">—Accounting Policies and Basis of Presentation</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">Basis of Presentation</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">The accompanying unaudited consolidated financial statements included in this report have been prepared in accordance with accounting principles generally accepted in the United States </font><font style="font-family:Times New Roman;font-size:9pt;">of America </font><font style="font-family:Times New Roman;font-size:9pt;">(“GAAP”) </font><font style="font-family:Times New Roman;font-size:9pt;">for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q and Article 10 of SEC Regulation S-X. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by </font><font style="font-family:Times New Roman;font-size:9pt;">GAAP</font><font style="font-family:Times New Roman;font-size:9pt;"> for complete financial statements. Therefore, these financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 20</font><font style="font-family:Times New Roman;font-size:9pt;">10</font><font style="font-family:Times New Roman;font-size:9pt;"> and notes thereto included in the Annual Report on Form 10-K filed on March 1, 20</font><font style="font-family:Times New Roman;font-size:9pt;">1</font><font style="font-family:Times New Roman;font-size:9pt;">1</font><font style="font-family:Times New Roman;font-size:9pt;">. The accompanying consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (United States) but, in the opinion of management, such financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the Company's financial position</font><font style="font-family:Times New Roman;font-size:9pt;">, </font><font style="font-family:Times New Roman;font-size:9pt;">results of operations</font><font style="font-family:Times New Roman;font-size:9pt;"> and cash flows</font><font style="font-family:Times New Roman;font-size:9pt;">.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Effective January 1, 2011, the Company adopted new accounting guidance concerning the accounting for costs associated with acquiring or renewing insurance contracts. This guidance was adopted retrospectively and has been applied to all prior period financial </font><font style="font-family:Times New Roman;font-size:9pt;">information </font><font style="font-family:Times New Roman;font-size:9pt;">contained in these consolidated financial statements. </font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">The results of </font><font style="font-family:Times New Roman;font-size:9pt;">opera</font><font style="font-family:Times New Roman;font-size:9pt;">tions for the </font><font style="font-family:Times New Roman;font-size:9pt;">three months ended March 31, 2011 </font><font style="font-family:Times New Roman;font-size:9pt;">may not be indicative of the results that may be expected for the year ending December 31, 20</font><font style="font-family:Times New Roman;font-size:9pt;">1</font><font style="font-family:Times New Roman;font-size:9pt;">1</font><font style="font-family:Times New Roman;font-size:9pt;">. All significant inter-company transactions have been eliminated in consolidation.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">Use of Estimates</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">Reclassifications</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Certain amounts in the 2010 consolidated financial statements have been reclassified to conform to the 2011 presentation. None of these reclassifications had an effect on consolidated net earnings, total stockholders' equity or cash fl</font><font style="font-family:Times New Roman;font-size:10pt;">ows.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">Accounting Pronouncements</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;margin-left:0px;">Accou</font><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;">nting guidance adopted in 20</font><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;">1</font><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;">1</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">G</font><font style="font-family:Times New Roman;font-size:9pt;">uidance issued by the </font><font style="font-family:Times New Roman;font-size:9pt;">Financial Accounting Standards Board (“</font><font style="font-family:Times New Roman;font-size:9pt;">FASB</font><font style="font-family:Times New Roman;font-size:9pt;">”)</font><font style="font-family:Times New Roman;font-size:9pt;"> in January 2010 requires additional disclosure about the gross activity within Level 3 of the fair value hierarchy within GAAP as opposed to the net disclosure currently required. This disclosure </font><font style="font-family:Times New Roman;font-size:9pt;">is included in “Note 6 – Fair Value Measurements”.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">In October 2010, the FASB issued new guidance concerning the accounting for costs associated with acquiring or renewing insurance contracts. This guidance generally follows the model of that for loan origination costs. Under the new guidance, only direct incremental costs associated with successful insurance contract acquisitions or renewals </font><font style="font-family:Times New Roman;font-size:9pt;">are</font><font style="font-family:Times New Roman;font-size:9pt;"> deferrable. The Company adopted this guidance retrospectively effective January 1, 2011 and has adjusted its previously issued financial information.</font><font style="font-family:Times New Roman;font-size:9pt;"> </font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Adoption of this guidance affected the carrying value of the </font><font style="font-family:Times New Roman;font-size:9pt;">categories of acquisition costs included within the 2010 caption “Deferred acquisition costs, net”</font><font style="font-family:Times New Roman;font-size:9pt;"> as follows</font><font style="font-family:Times New Roman;font-size:9pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td colspan="8" style="width: 281px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:281px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2010</font></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Previously</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Effect of</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Currently</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">($ in thousands)</font></td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Change</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Commissions</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 140,940</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 140,940</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Taxes and assessments</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 27,947</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 27,947</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Other deferred acquisition expenses</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 93,788</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (78,701)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 15,087</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred ceding commission revenue</font></td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (19,851)</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (19,851)</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 344px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred acquisition costs, net</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 242,824</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (78,701)</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 164,123</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">The</font><font style="font-family:Times New Roman;font-size:9pt;"> effect of adoption of this new guidance on the consolidated balance sheet as of December 31, 2010 and on stockholders' equity as of December 31, 2009 was as follows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Previously</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Effect of</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Currently</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">($ in thousands)</font></td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Change</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2010</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred acquisition costs, net</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 242,824</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (78,701)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 164,123</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred income tax (liability) asset</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (25,169)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 27,414</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 2,245</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Retained earnings</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 367,013</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (42,637)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 324,376</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Tower Group, Inc. stockholders' equity</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,087,638</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (42,637)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,045,001</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Noncontrolling interests - Reciprocal Exchanges</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 31,487</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (8,650)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 22,837</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Total stockholders' equity</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,119,125</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (51,287)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,067,838</font></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2009</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Retained earnings</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 265,613</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (28,576)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 237,037</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Tower Group, Inc. stockholders' equity</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,050,501</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (28,576)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,021,925</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">The</font><font style="font-family:Times New Roman;font-size:9pt;"> effect of adoption of this new guidance on the consolidated </font><font style="font-family:Times New Roman;font-size:9pt;">income statement for the three months ended March 31, 2010 </font><font style="font-family:Times New Roman;font-size:9pt;">was as follows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="7" style="width: 273px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:273px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2010</font></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Previously</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Effect of</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">As Currently</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">($ in thousands, except per share amounts)</font></td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Change</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Reported</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Other operating expenses</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 44,208</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 6,800</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 51,008</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Income tax expense</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 8,210</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (2,380)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5,830</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Net income attributable to Tower Group, Inc.</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 17,472</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (4,420)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 13,052</font></td></tr><tr style="height: 15px"><td colspan="2" style="width: 344px; text-align:left;border-color:#000000;min-width:344px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Earnings per share attributable to Tower Group, Inc.</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;"> </td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Basic</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 0.39</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (0.10)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 0.29</font></td></tr><tr style="height: 15px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 334px; text-align:left;border-color:#000000;min-width:334px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Diluted</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 0.38</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (0.09)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 0.29</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;margin-left:0px;">Accou</font><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;">nting guidance </font><font style="font-family:Times New Roman;font-size:9pt;font-style:italic;">not yet effective</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Guidance </font><font style="font-family:Times New Roman;font-size:9pt;">issued by the FASB in J</font><font style="font-family:Times New Roman;font-size:9pt;">uly 2010 </font><font style="font-family:Times New Roman;font-size:9pt;">require</font><font style="font-family:Times New Roman;font-size:9pt;">s additional disclosure on the income statement impact of troubled debt restructurings (including loans and receivables). This guidance is effective for interim and annual periods beginning after June 15, 2011. The Company will comply with the required disclosures in its consolidated financial statements when it becomes effective.</font></p>Note 2—Accounting Policies and Basis of PresentationBasis of PresentationThe accompanying unaudited consolidated financial statements included in thisfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to describe all significant accounting policies of the reporting entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 22
-Paragraph 8
falsefalse12Accounting Policies and Basis of PresentationUnKnownUnKnownUnKnownUnKnownfalsetrue