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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net loss $ (49,848) $ (927,079) $ (485,892)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and other amortization 68,716 100,135 84,828
Deferred tax provision (benefit) 590 (34) (738)
Realized investment gains, net (6,059) (197,719) (143,430)
Net investment impairment losses 328 2,310 715
Gain on repurchase on senior notes 0 (17,775) (27,688)
Other 27,709 (21,802) (15,238)
Change in certain assets and liabilities:      
Accrued investment income (4,417) 28,423 14,639
Prepaid reinsurance premium (35,402) 776 1,020
Reinsurance recoverable on loss reserves 40,763 49,759 120,683
Reinsurance recoverable on paid losses 5,180 4,286 14,269
Premiums receivable 5,527 3,245 8,494
Deferred insurance policy acquisition costs 1,524 (3,740) 777
Real estate (9,817) (1,842) 4,599
Loss reserves (995,442) (500,669) (1,326,659)
Premium deficiency reserve (25,320) (61,036) (44,150)
Unearned premiums 15,639 (16,026) (60,291)
Return premium (11,800) (11,700) (28,300)
Income taxes payable (current) 598 1,888 (1,489)
Net cash used in operating activities (971,531) (1,568,600) (1,883,851)
Investment purchases:      
Equity securities (111) (132) (126)
Fixed maturities (3,248,602) (5,025,204) (4,393,471)
Proceeds from sale of:      
Equity securities 0 0 504
Fixed maturities 1,054,985 5,216,934 4,742,213
Proceeds from maturity of fixed maturities 1,357,028 1,461,955 1,407,325
Net increase (decrease) in payable for securities 13 (20) (2,228)
Net change in restricted cash (17,440) 0 0
Net cash (used in) provided by investing activities (854,127) 1,653,533 1,754,217
Cash flows from financing activities:      
Repayment of long-term debt (17,235) (53,107) (178,721)
Net proceeds from convertible senior notes 484,625 0 0
Common stock shares issued 663,335 0 0
Net cash provided by (used in) financing activities 1,130,725 (53,107) (178,721)
Net (decrease) increase in cash and cash equivalents (694,933) 31,826 (308,355)
Cash and cash equivalents at beginning of year 1,027,625 995,799 1,304,154
Cash and cash equivalents at end of year $ 332,692 $ 1,027,625 $ 995,799