Note 6 - Investments Level 3 (Tables)

3 Months Ended

Mar. 31, 2012

Investments [Abstract]

Total Debt And Equity Securities [Table Text Block]

Our held to maturity and available for sale securities within our investment portfolio consisted of the following as of the dates indicated:

	March 31, 2012
(In thousands)	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
Fixed-maturities held to maturity:
Bonds and notes:
State and municipal obligations	$	2,667	$	2,769	$	107	$	5
	$	2,667	$	2,769	$	107	$	5
Fixed-maturities available for sale:
U.S. government and agency securities	$	10,944	$	13,327	$	2,383	$	—
State and municipal obligations	72,127		70,833		487		1,781
Corporate bonds and notes	17,142		16,993		470		619
RMBS	67		74		7		—
CMBS	1,183		1,185		15		13
Other ABS	1,019		1,172		153		—
Other investments	1,002		1,091		89		—
	$	103,484	$	104,675	$	3,604	$	2,413
Equity securities available for sale (1)	$	88,768	$	111,251	$	22,483	$	—
Total debt and equity securities	$	194,919	$	218,695	$	26,194	$	2,418

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(1) Comprising broadly diversified domestic equity mutual funds ($97.7 million fair value) and various preferred and common stocks invested across numerous companies and industries ($13.5 million fair value).

	December 31, 2011
(In thousands)	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
Fixed-maturities held to maturity:
Bonds and notes:
State and municipal obligations	$	2,640	$	2,748	$	115	$	7
	$	2,640	$	2,748	$	115	$	7
Fixed-maturities available for sale:
U.S. government and agency securities	$	10,931	$	13,630	$	2,699	$	—
State and municipal obligations	87,083		82,692		485		4,876
Corporate bonds and notes	17,267		16,610		390		1,047
RMBS	1,308		1,360		53		1
CMBS	1,660		1,669		25		16
Other ABS	1,019		1,177		158		—
Other investments	1,489		1,595		106		—
	$	120,757	$	118,733	$	3,916	$	5,940
Equity securities available for sale (1)	$	114,425	$	128,424	$	14,868	$	869
Total debt and equity securities	$	237,822	$	249,905	$	18,899	$	6,816

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(1) Comprising broadly diversified domestic equity mutual funds ($116.0 million fair value) and various preferred and common stocks invested across numerous companies and industries ($12.4 million fair value).

Trading Securities (and Certain Trading Assets) [Table Text Block]

The trading securities within our investment portfolio, which are recorded at fair value, consisted of the following as of the dates indicated:

(In thousands)	March 31, 2012		December 31, 2011
Trading securities:
U.S. government and agency securities	$	712,402	$	710,006
State and municipal obligations	894,319		964,748
Corporate bonds and notes	703,196		683,864
RMBS	886,477		928,887
CMBS	215,267		224,180
CDO	6,403		5,467
Other ABS	119,683		98,729
Foreign government securities (1)	109,760		102,851
Hybrid securities	367,265		346,338
Equity securities	148,089		140,764
Other investments	5,985		5,225
Total	$	4,168,846	$	4,211,059

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(1) Our largest concentrations of foreign government securities as of March 31, 2012 and December 31, 2011, were Germany ($27.5 million and $42.6 million fair value, respectively) and Japan ($58.2 million and $28.0 million fair value, respectively). As of March 31, 2012 and December 31, 2011, nearly all of our foreign government securities were rated A or higher by a Nationally Recognized Statistical Rating Organization ("NRSRO"). As of March 31, 2012 and December 31, 2011, our trading portfolio included no securities of five Eurozone countries (Portugal, Ireland, Italy, Greece and Spain, collectively, the "Stressed Eurozone Countries") whose sovereign obligations have been under stress due to economic uncertainty, potential restructuring and ratings downgrades, or securities of any other countries under similar stress.

Schedule Of Unrealized Losses [Table Text Block]

The following tables show the gross unrealized losses and fair value of our available for sale and held to maturity investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated:

March 31, 2012: ($ in thousands) Description of Securities	Less Than 12 Months					12 Months or Greater					Total
	# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses
State and municipal obligations	1	$	532	$	8	9	$	60,809	$	1,778	10	$	61,341	$	1,786
Corporate bonds and notes	1	329		2		16	8,261		617		17	8,590		619
RMBS	1	2		—		—	—		—		1	2		—
CMBS	—	—		—		1	374		13		1	374		13
Total	3	$	863	$	10	26	$	69,444	$	2,408	29	$	70,307	$	2,418

December 31, 2011: ($ in thousands) Description of Securities	Less Than 12 Months					12 Months or Greater					Total
	# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses		# of securities	Fair Value		Unrealized Losses
State and municipal obligations	1	$	525	$	17	9	$	72,653	$	4,866	10	$	73,178	$	4,883
Corporate bonds and notes	6	2,457		97		18	8,902		950		24	11,359		1,047
RMBS	2	354		1		—	—		—		2	354		1
CMBS	—	—		—		1	527		16		1	527		16
Equity securities	1	9,284		869		—	—		—		1	9,284		869
Total	10	$	12,620	$	984	28	$	82,082	$	5,832	38	$	94,702	$	6,816

Investments Classified by Contractual Maturity Date [Table Text Block]

The contractual maturities of fixed-maturity investments are as follows:

	March 31, 2012
	Held to Maturity				Available for Sale
(In thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less (1)	$	1,934	$	2,029	$	4,504	$	4,441
Due after one year through five years (1)	428		440		14,519		15,040
Due after five years through ten years (1)	—		—		4,554		4,478
Due after ten years (1)	305		300		77,638		78,285
RMBS (2)	—		—		67		74
CMBS (2)	—		—		1,183		1,185
Other ABS (2)	—		—		1,019		1,172
Total	$	2,667	$	2,769	$	103,484	$	104,675

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(1) Actual maturities may differ as a result of calls before scheduled maturity.

(2) RMBS, CMBS and Other ABS are shown separately, as they are not due at a single maturity date.