XML 182 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance (Table Text Block)
12 Months Ended
Mar. 31, 2013
Table Text Block [Abstract]  
Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance
Activity in the liability for unpaid losses and loss adjustment expenses for our Property and Casualty Insurance operating segment is summarized as follows:
 
 
Years Ended December 31,
 
 
2012
 
2011
 
2010
 
 
(In thousands)
Balance at January 1
$
382,328
$
276,355
$
271,677
Less: reinsurance recoverable
 
223,865
 
167,315
 
162,711
Net balance at January 1
 
158,463
 
109,040
 
108,966
Incurred related to:
 
 
 
 
 
 
Current year
 
8,962
 
9,297
 
9,453
Prior years
 
7,036
 
56,445
 
7,832
Total incurred
 
15,998
 
65,742
 
17,285
Paid related to:
 
 
 
 
 
 
Current year
 
4,405
 
5,049
 
4,971
Prior years
 
16,402
 
11,270
 
12,240
Total paid
 
20,807
 
16,319
 
17,211
Net balance at December 31
 
153,654
 
158,463
 
109,040
Plus: reinsurance recoverable
 
176,439
 
223,865
 
167,315
Balance at December 31
$
330,093
$
382,328
$
276,355
The liability for incurred losses and loss adjustment expenses (net of reinsurance recoverable of $176.4 million) decreased by $4.8 million in 2012.