Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Activity Related to Non-Controlling Interest

Activity related to non-controlling interest for the years ended December 31, 2013 and 2012 is as follows (in thousands):

	2013		2012
Beginning balance	$	-	$	1,284
Accretion of redeemable non-controlling interest		-		392
Net income attributable to non-controlling interest		-		324
Distribution to non-controlling interest		-		(281	)
Redemption of non-controlling interest		-		(1,700	)
Other		-		(19	)
Ending balance	$	-	$	-

Schedule of Profit Sharing Commission

The following table details the profit sharing commission provisional loss ratio compared to the estimated ultimate loss ratio for each effective quota share treaty between the Standard Commercial P&C business unit and Clarendon.

	Treaty Effective Dates
	07/1/01		07/1/02		07/1/03		07/1/04
Provisional loss ratio	60.0	%	59.0	%	59.0	%	64.2	%
Estimated ultimate loss ratio recorded to at December 31, 2013	63.5	%	64.5	%	60.9	%	63.7	%

The following table details the profit sharing commission revenue provisional loss ratio compared to the estimated ultimate loss ratio for the effective quota share treaty between the E&S Commercial business unit and Republic.

	Treaty Effective Dates
	01/01/06			01/01/07			01/01/08
Provisional loss ratio		65.0	%		65.0	%		65.0	%
Estimated ultimate loss ratio recorded to at December 31, 2013		58.6	%		63.2	%		59.0	%