Liability for Unpaid Loss and Loss Adjustment Expense (Tables)

12 Months Ended

Dec. 31, 2011

Liability for Unpaid Loss and Loss Adjustment Expense

Rollforward of Liability for Unpaid Loss and Loss Adjustment Expense

	2011		2010		2009
Reserves for loss and loss adjustment expense payable at
beginning of year	$	3,471,858	$	3,492,309	$	3,415,230
Less reinsurance recoverables on reserves		934,086		936,469		998,959
Net reserves at beginning of year		2,537,772		2,555,840		2,416,271
Net reserve additions from acquired businesses		6,261		8,110		36,522
Foreign currency adjustment		(6,108)		(21,127)		25,067
Net loss and loss adjustment expense:
Provision for loss and loss adjustment expense for claims
occurring in current year		1,389,100		1,235,692		1,269,283
Increase (decrease) in estimated loss and loss adjustment expense for
claims occurring in prior years		10,147		(22,663)		(53,524)
Net loss and loss adjustment expense		1,399,247		1,213,029		1,215,759
Net loss and loss adjustment expense payments for claims
occurring during:
Current year		527,244		454,940		519,080
Prior years		726,445		763,140		618,699
Net loss and loss adjustment expense payments		1,253,689		1,218,080		1,137,779
Net reserves at end of year		2,683,483		2,537,772		2,555,840
Plus reinsurance recoverables on reserves		974,834		934,086		936,469
Loss and loss adjustment expense payable at end of year	$	3,658,317	$	3,471,858	$	3,492,309