SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of summarized financial information of Maui Jim

(in millions)	2013		2012
Total assets	$	193.5	$	175.4
Total liabilities	92.7		68.0
Total equity	100.8		107.4

Schedule of reconciliation of numerator and denominator of the basic and diluted earnings per share computations

(in thousands, except per share data)	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share Amount
For the year ended December 31, 2013
Basic EPS
Income available to common shareholders	$	126,255	42,744	$	2.95
Stock options	—		770
Diluted EPS
Income available to common shareholders and assumed conversions	$	126,255	43,514	$	2.90
For the year ended December 31, 2012
Basic EPS
Income available to common shareholders	$	103,346	42,431	$	2.44
Stock options	—		729
Diluted EPS
Income available to common shareholders and assumed conversions	$	103,346	43,160	$	2.39
For the year ended December 31, 2011
Basic EPS
Income available to common shareholders	$	126,598	42,156	$	3.00
Stock options	—		713
Diluted EPS
Income available to common shareholders and assumed conversions	$	126,598	42,869	$	2.95

Schedule of changes in the balance of each component of accumulated other comprehensive earnings

(in thousands)	For the Year Ended December 31,
Unrealized Gains/Losses on Available-for-Sale Securities	2013			2012		2011
Beginning balance	$	143,170		117,325		95,992
Other comprehensive earnings before reclassifications	7,723			44,079		32,230
Amounts reclassified from accumulated other comprehensive earnings	(14,866		)	(18,234	)	(10,897	)
Net current-period other comprehensive earnings (loss)	$	(7,143	)	25,845		21,333
Ending balance	$	136,027		143,170		117,325

Schedule of effects of reclassifications out of accumulated other comprehensive earnings

(in thousands)	Amount Reclassified from Accumulated Other Comprehensive Earnings
Component of Accumulated	For the Year Ended December 31,							Affected line item in the
Other Comprehensive Earnings	2013			2012		2011		Statement of Earnings
Unrealized gains and losses on available-for-sale securities	$	22,871		29,209		17,021		Net realized investment gains Other-than-temporary impairment
	—			(1,156	)	(257	)	(OTTI) losses on investments
	22,871			28,053		16,764		Earnings before income taxes
	(8,005		)	(9,819	)	(5,867	)	Income tax expense
	$	14,866		18,234		10,897		Net earnings