XML 31 R67.htm IDEA: XBRL DOCUMENT v2.4.0.6
OPERATING SEGMENT INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified
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
OPERATING SEGMENT INFORMATION                      
Ownership percentage in Maui Jim Inc. 40.00%               40.00%    
REVENUE                      
Net premiums earned $ 145,023 $ 146,552 $ 130,826 $ 116,051 $ 127,026 $ 128,334 $ 121,758 $ 116,264 $ 538,452 $ 493,382 $ 491,961
Net investment income 16,244 15,954 15,180 16,303 16,672 16,762 16,765 16,600 63,681 66,799 67,346
Net realized gains (losses) 2,691 (177) 10,050 4,472 7,962 4,527 4,291 6,463 17,036 23,243 (12,755)
Consolidated revenue                 619,169 583,424 546,552
INSURANCE EXPENSES                      
Losses and settlement expenses                 200,084 201,332 203,388
Policy acquisition costs                 183,868 156,894 164,195
Other insurance expenses                 44,312 38,584 39,768
Insurance expenses                 428,264 396,810 407,351
NET EARNINGS                      
Net underwriting income                 110,188 96,572 84,610
Net investment income 16,244 15,954 15,180 16,303 16,672 16,762 16,765 16,600 63,681 66,799 67,346
Net realized gains (losses) 2,691 (177) 10,050 4,472 7,962 4,527 4,291 6,463 17,036 23,243 (12,755)
General corporate expense and interest on debt                 (13,816) (14,048) (13,991)
Equity in earnings of unconsolidated investee                 6,497 7,101 5,052
Earnings before income taxes 40,128 34,907 67,730 40,821 50,881 41,433 51,081 36,272 183,586 179,667 130,262
Income taxes                 56,988 51,470 37,831
Net earnings 29,931 23,969 44,992 27,706 40,528 28,244 34,248 25,177 126,598 128,197 92,431
Casualty
                     
REVENUE                      
Net premiums earned                 236,198 232,047 265,957
INSURANCE EXPENSES                      
Losses and settlement expenses                 85,091 114,861 123,366
Policy acquisition costs                 67,495 59,628 69,956
Other insurance expenses                 22,215 20,474 21,934
NET EARNINGS                      
Net underwriting income                 61,397 37,084 50,701
Property
                     
REVENUE                      
Net premiums earned                 203,660 181,645 155,303
INSURANCE EXPENSES                      
Losses and settlement expenses                 101,969 82,463 68,606
Policy acquisition costs                 57,878 52,847 51,958
Other insurance expenses                 13,481 12,042 11,550
NET EARNINGS                      
Net underwriting income                 30,332 34,293 23,189
Surety
                     
REVENUE                      
Net premiums earned                 98,594 79,690 70,701
INSURANCE EXPENSES                      
Losses and settlement expenses                 13,024 4,008 11,416
Policy acquisition costs                 58,495 44,419 42,281
Other insurance expenses                 8,616 6,068 6,284
NET EARNINGS                      
Net underwriting income                 $ 18,459 $ 25,195 $ 10,720