XML 71 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reinsurance (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Effect of reinsurance transactions on our premium, loss and loss adjustment expense and policy acquisition costs                      
Direct written premium                 $ 2,422,517 $ 2,305,190 $ 2,269,858
Reinsurance assumed                 361,555 343,936 309,050
Reinsurance ceded                 (530,676) (466,968) (552,711)
Net written premium                 2,253,396 2,182,158 2,026,197
Direct earned premium                 2,396,756 2,308,810 2,284,396
Reinsurance assumed                 351,611 340,745 298,475
Reinsurance ceded                 (505,742) (522,385) (540,947)
Net earned premium 566,503 563,650 565,331 547,141 550,183 544,256 524,251 508,480 2,242,625 2,127,170 2,041,924
Direct loss and loss adjustment expense                 1,434,830 1,535,270 1,360,761
Reinsurance assumed                 162,534 224,655 176,096
Reinsurance ceded                 (291,853) (360,678) (323,828)
Net loss and loss adjustment expense 335,744 304,014 336,825 328,928 337,007 380,372 334,282 347,586 1,305,511 1,399,247 1,213,029
Policy acquisition costs                 398,453 392,172 373,500
Ceding commissions                 (117,252) (126,047) (118,364)
Net policy acquisition costs                 $ 281,201 $ 266,125 $ 255,136