CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Securities, available-for-sale, at fair value:
Fixed maturities (amortized cost, 2013 - $4,948,543; 2012 - $4,185,937)	$ 4,863,925	$ 4,227,339
Equity securities	2,894	2,936
Total investment portfolio	4,866,819	4,230,275
Cash and cash equivalents	332,692	1,027,625
Restricted cash and cash equivalents (note 2)	17,440	0
Accrued investment income	31,660	27,243
Prepaid reinsurance premiums (note 11)	36,243	841
Reinsurance recoverable on loss reserves (note 11)	64,085	104,848
Reinsurance recoverable on paid losses	10,425	15,605
Premiums receivable	62,301	67,828
Home office and equipment, net	26,185	27,190
Deferred insurance policy acquisition costs	9,721	11,245
Other assets	143,819	61,624
Total assets	5,601,390	5,574,324
Liabilities:
Loss reserves (notes 9 and 11)	3,061,401	4,056,843
Premium deficiency reserve (note 10)	48,461	73,781
Unearned premiums (note 11)	154,479	138,840
Senior notes (note 8)	82,773	99,910
Convertible senior notes (note 8)	845,000	345,000
Convertible junior debentures (note 8)	389,522	379,609
Other liabilities	275,216	283,401
Total liabilities	4,856,852	5,377,384
Contingencies (note 20)
Shareholders' equity (note 15):
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2013 - 340,047; 2012 - 205,047; outstanding 2013 - 337,758; 2012 - 202,032)	340,047	205,047
Paid-in capital	1,661,269	1,135,296
Treasury stock (shares at cost 2013 - 2,289; 2012 - 3,015)	(64,435)	(104,959)
Accumulated other comprehensive loss, net of tax (note 12)	(117,726)	(48,163)
Retained deficit	(1,074,617)	(990,281)
Total shareholders' equity	744,538	196,940
Total liabilities and shareholders' equity	$ 5,601,390	$ 5,574,324