2.2.0.7 false Recent Accounting Standards 1020 - Disclosure - Recent Accounting Standards true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDPerShare Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Recent Accounting Standards 0 trh_RecentAccountingStandardsDisclosureAbstract trh false na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Recent Accounting Standards 1 trh_RecentAccountingStandardsDisclosureTextBlock trh false na duration This item represents the disclosure of recent accounting changes and new accounting guidance with effective dates after the... false false false false false false false false false false false terselabel false 1 false false false false 0 0 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> 2. Recent Accounting Standards   (a) Recently Adopted Accounting Standards   (1)  Adoption of new accounting guidance on OTTI   In April 2009, the Financial Accounting Standards Board (FASB) issued new accounting guidance on OTTI. This guidance amended prior OTTI guidance for fixed maturities to make it more operational and to improve presentation and disclosure of OTTI on fixed maturity and equity securities in the financial statements. This guidance also requires recognition of OTTI on a fixed maturity in an unrealized loss position if (a) an entity intends to sell the security; (b) it is more likely than not the entity will be required to sell the security prior to an anticipated recovery in fair value in order to meet a liquidity, regulatory or other business need; or (c) an entity determines it will not recover the entire amortized cost basis of the security. If an impaired fixed maturity security is designated for sale, or if it is more likely than not it will have to be sold, the total amount of the unrealized loss position is recognized in earnings as a realized capital loss.   For all other impaired fixed maturities, this guidance requires entities to develop a best estimate of the present value of expected cash flows on a security by security basis. Entities must recognize OTTI equal to the difference between the present value of expected cash flows and the amortized cost basis of the security, if the results of the cash flow analysis indicate the entity will not recover the full amount of its amortized cost basis in the investment. This amount is the credit component of the OTTI and is recorded in earnings as a realized capital loss. The difference between the total unrealized loss position on the security and the OTTI amount recognized in earnings is non-credit related and is recorded in OCI as net unrealized holding losses of fixed maturities on which other-than-temporary impairments were taken.   TRH adopted this guidance effective April 1, 2009. Upon adoption, this guidance required entities to assess the credit versus non-credit components of previously recognized OTTI on fixed maturities still held, and for which the entity did not intend to sell or more likely than not would not be required to sell prior to an anticipated recovery in fair value. The cumulative amount of non-credit related OTTI amounts on these securities, net of income tax effect, was recorded as an increase to retained earnings and an equal and offsetting reduction to AOCI as of April 1, 2009, with no net change to total stockholders equity. TRH recorded a CEA in 2009 of $110.1 million, or $71.6 million, net of tax, related to its adoption of this guidance (see Note 1(b)). The adoption of this guidance did not have a material effect on TRHs consolidated financial condition, results of operations, comprehensive income or cash flows.   (2)          Adoption of new accounting guidance on disclosures about fair value measurements (Accounting Standards Update (ASU) 2010-06)   In January 2010, the FASB issued new accounting guidance on disclosures about fair value measurements. This guidance requires the amounts and reasons for significant transfers in and out of Levels 1 and 2 to be discussed. In addition, a greater level of disaggregation of asset and liability classes is required in fair value measurement disclosures. For fair value measurements that fall in either Level 2 or Level 3, a reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. TRH adopted this portion of the guidance in the first quarter of 2010.  The adoption of this guidance had no effect on TRHs consolidated financial condition, results of operations or cash flows.   In addition, for activity within Level 3, this guidance requires that purchases, sales, issuances and settlements be presented separately rather than as one net amount, as currently permitted. For TRH, these disclosures are effective for interim and annual periods beginning after December 15, 2010.  The adoption of this guidance is expected to have no effect on TRHs results of operations, financial position or cash flows.   (b) Future Application of Accounting Standard   In October 2010, the FASB issued new accounting guidance on accounting for costs associated with acquiring or renewing insurance contracts (ASU 2010-26). This guidance specifies that incremental direct costs of contract acquisition and certain costs directly related to certain acquisition activities performed by the insurer for the contract should be capitalized. All other acquisition-related costs should be charged to expense as incurred.   For TRH, this guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2011 and shall be applied prospectively. TRH does not currently expect the implementation of this guidance to be material to TRHs consolidated financial condition, results of operations or cash flows.  </td></tr></table> 2. Recent Accounting Standards   (a) Recently Adopted Accounting Standards   (1)  Adoption of new accounting guidance on OTTI   In false false false us-types:textBlockItemType textblock This item represents the disclosure of recent accounting changes and new accounting guidance with effective dates after the date of the financial statements. No authoritative reference available. false 1 2 false UnKnown UnKnown UnKnown false true