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INVESTMENT OPERATIONS (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Major categories of net investment income                      
Fixed maturities                 $ 1,416,861,000 $ 1,302,226,000 $ 1,305,738,000
Equity securities                 21,274,000 18,516,000 21,700,000
Mortgage loans                 336,542,000 311,253,000 249,849,000
Investment real estate                 3,459,000 3,180,000 3,666,000
Short-term investments                 69,791,000 72,803,000 110,198,000
Investment income before other investment expenses                 1,847,927,000 1,707,978,000 1,691,151,000
Other investment expenses                 27,284,000 24,302,000 26,115,000
Net investment income 464,719,000 462,926,000 448,785,000 444,213,000 419,631,000 429,548,000 422,500,000 411,997,000 1,820,643,000 1,683,676,000 1,665,036,000
Net realized investment gains (losses) for all other investments                      
Fixed maturities                 80,180,000 50,056,000 5,323,000
Equity securities                 9,194,000 6,488,000 14,312,000
Impairments on fixed maturity securities                 (47,442,000) (39,696,000) (160,473,000)
Impairments on equity securities                   (1,814,000) (19,572,000)
Modco trading portfolio                 164,224,000 109,399,000 285,178,000
Other investments                 (18,683,000) (11,577,000) (4,619,000)
Total realized gains (losses) - investments                 187,473,000 112,856,000 120,149,000
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments)                 104,800,000 98,200,000 41,600,000
Gross realized losses                 62,100,000 82,900,000 196,200,000
Impairment losses on investments available-for-sale                 46,700,000 41,300,000 174,200,000
Impairment losses in the trading portfolio                 700,000 300,000  
Gains on securities that have recovered in value as the issuer exited bankruptcy                 6,900,000    
Gains recognized on the sale of Federal National Mortgage Association preferred                 1,200,000    
Fair value (proceeds) of securities in an unrealized gain position sold                 2,200,000,000 2,900,000,000 2,200,000,000
Gain realized on the sale of securities in an unrealized gain position                 104,800,000 98,200,000 41,600,000
Fair value (proceeds) of securities in an unrealized loss position sold                 264,000,000 705,500,000 302,100,000
Loss realized on the sale of securities in an unrealized loss position                 15,400,000 41,600,000 22,000,000
Investment operations                      
Impairments related to European holdings                 28,600,000    
Total securities 2,068,700,000               2,068,700,000    
Total Gross Funded Exposure 2,072,500,000               2,072,500,000    
United Kingdom
                     
Investment operations                      
Total securities 719,300,000               719,300,000    
Switzerland
                     
Investment operations                      
Total securities 324,600,000               324,600,000    
France
                     
Investment operations                      
Total securities 205,700,000               205,700,000    
Sweden
                     
Investment operations                      
Total securities 163,500,000               163,500,000    
Netherlands
                     
Investment operations                      
Total securities 148,300,000               148,300,000    
Spain
                     
Investment operations                      
Total securities 117,700,000               117,700,000    
Belgium
                     
Investment operations                      
Total securities 103,100,000               103,100,000    
Germany
                     
Investment operations                      
Total securities 94,100,000               94,100,000    
Derivatives 3,800,000               3,800,000    
Ireland
                     
Investment operations                      
Total securities 87,500,000               87,500,000    
Luxembourg
                     
Investment operations                      
Total securities 50,100,000               50,100,000    
Italy
                     
Investment operations                      
Total securities 40,900,000               40,900,000    
Norway
                     
Investment operations                      
Total securities 13,900,000               13,900,000    
Non-sovereign Debt | Financial
                     
Investment operations                      
Total securities 951,700,000               951,700,000    
Total Gross Funded Exposure 955,500,000               955,500,000    
Non-sovereign Debt | Financial | United Kingdom
                     
Investment operations                      
Total securities 372,100,000               372,100,000    
Non-sovereign Debt | Financial | Switzerland
                     
Investment operations                      
Total securities 131,000,000               131,000,000    
Non-sovereign Debt | Financial | France
                     
Investment operations                      
Total securities 127,400,000               127,400,000    
Non-sovereign Debt | Financial | Sweden
                     
Investment operations                      
Total securities 163,500,000               163,500,000    
Non-sovereign Debt | Financial | Netherlands
                     
Investment operations                      
Total securities 81,900,000               81,900,000    
Non-sovereign Debt | Financial | Spain
                     
Investment operations                      
Total securities 38,700,000               38,700,000    
Non-sovereign Debt | Financial | Germany
                     
Investment operations                      
Total securities 31,800,000               31,800,000    
Derivatives 3,800,000               3,800,000    
Non-sovereign Debt | Financial | Ireland
                     
Investment operations                      
Total securities 5,300,000               5,300,000    
Non-sovereign Debt | Non-financial
                     
Investment operations                      
Total securities 1,117,000,000               1,117,000,000    
Total Gross Funded Exposure 1,117,000,000               1,117,000,000    
Non-sovereign Debt | Non-financial | United Kingdom
                     
Investment operations                      
Total securities 347,200,000               347,200,000    
Non-sovereign Debt | Non-financial | Switzerland
                     
Investment operations                      
Total securities 193,600,000               193,600,000    
Non-sovereign Debt | Non-financial | France
                     
Investment operations                      
Total securities 78,300,000               78,300,000    
Non-sovereign Debt | Non-financial | Netherlands
                     
Investment operations                      
Total securities 66,400,000               66,400,000    
Non-sovereign Debt | Non-financial | Spain
                     
Investment operations                      
Total securities 79,000,000               79,000,000    
Non-sovereign Debt | Non-financial | Belgium
                     
Investment operations                      
Total securities 103,100,000               103,100,000    
Non-sovereign Debt | Non-financial | Germany
                     
Investment operations                      
Total securities 62,300,000               62,300,000    
Non-sovereign Debt | Non-financial | Ireland
                     
Investment operations                      
Total securities 82,200,000               82,200,000    
Non-sovereign Debt | Non-financial | Luxembourg
                     
Investment operations                      
Total securities 50,100,000               50,100,000    
Non-sovereign Debt | Non-financial | Italy
                     
Investment operations                      
Total securities 40,900,000               40,900,000    
Non-sovereign Debt | Non-financial | Norway
                     
Investment operations                      
Total securities $ 13,900,000               $ 13,900,000