CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Premiums written:
Direct	$ 274,610	$ 294,478	$ 845,798	$ 883,922
Assumed	(6,999)	764	(5,569)	2,340
Ceded	(11,866)	(16,260)	(39,622)	(55,876)
Net premiums written	255,745	278,982	800,607	830,386
Decrease in unearned premiums, net	19,349	17,514	47,487	47,236
Net premiums earned	275,094	296,496	848,094	877,622
Investment income, net of expenses	48,898	58,465	160,931	190,192
Realized investment gains, net	11,405	24,524	38,900	89,180
Total other-than-temporary impairment losses	(253)	0	(253)	(6,052)
Portion of losses recognized in other comprehensive income, before taxes	0	0	0	0
Net impairment losses recognized in earnings	(253)	0	(253)	(6,052)
Other revenue	2,025	2,840	9,617	8,508
Total revenues	337,169	382,325	1,057,289	1,159,450
Losses and expenses:
Losses incurred, net (note 12)	462,654	384,578	1,232,637	1,159,166
Change in premium deficiency reserve	(12,388)	(8,887)	(32,441)	(33,072)
Amortization of deferred policy acquisition costs	1,762	1,750	5,210	5,243
Other underwriting and operating expenses, net	50,715	55,856	158,860	166,358
Interest expense	25,761	26,702	78,129	72,819
Total losses and expenses	528,504	459,999	1,442,395	1,370,514
Loss before tax	(191,335)	(77,674)	(385,106)	(211,064)
Benefit from income taxes (note 11)	(26,130)	(26,146)	(34,508)	(33,996)
Net loss	$ (165,205)	$ (51,528)	$ (350,598)	$ (177,068)
Loss per share (note 6):
Basic (in dollars per share)	$ (0.82)	$ (0.26)	$ (1.74)	$ (1.05)
Diluted (in dollars per share)	$ (0.82)	$ (0.26)	$ (1.74)	$ (1.05)
Weighted average common shares outstanding - diluted (in shares, note 6)	201,109	200,077	200,983	168,429