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INVESTMENT OPERATIONS (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net realized investment gains (losses) for all other investments        
Fixed maturities $ 10,546,000 $ 22,889,000 $ 42,007,000 $ 58,929,000
Equity securities   (241,000) 2,367,000 (93,000)
Impairments on fixed maturity securities (7,421,000) (8,556,000) (13,918,000) (40,928,000)
Impairments on equity securities (1,260,000)   (3,347,000)  
Modco trading portfolio (25,960,000) 104,865,000 (167,982,000) 179,027,000
Other investments (4,094,000) (4,958,000) (10,023,000) (13,989,000)
Total realized gains (losses) - investments (28,189,000) 113,999,000 (150,896,000) 182,946,000
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments) 11,700,000 23,600,000 48,500,000 63,000,000
Gross realized losses 9,600,000 9,300,000 20,800,000 44,800,000
Impairment losses on investments available-for-sale 8,500,000 8,400,000 16,700,000 40,600,000
Fair value (proceeds) of securities in an unrealized gain position sold 332,100,000 424,600,000 1,100,000,000 1,300,000,000
Gain realized on the sale of securities in an unrealized gain position 11,700,000 23,600,000 48,500,000 63,000,000
Fair value (proceeds) of securities in an unrealized loss position sold 7,000,000 14,300,000 64,200,000 31,700,000
Loss realized on the sale of securities in an unrealized loss position $ 1,100,000 $ 900,000 $ 4,100,000 $ 4,100,000