XML 30 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Fair Value of Financial Instruments Fair Value Assets Liabilities by Hierarchy Level (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Fair Value by Hierarchy Level [Line Items]    
Total held to maturity amortized cost $ 428,000 $ 679,000
Derivative assets 20,844,000 13,609,000
Derivative liabilities 344,870,000 266,873,000
VIE debt—at fair value 104,218,000 108,858,000
Fixed-maturities held to maturity 421,000 676,000
Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
Number Of Consolidated Other Financial Guaranty Transactions 2  
Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
VIE debt—at fair value 93,109,000 98,983,000
NIMS VIEs [Member] | Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
Derivative assets 1,577,000 1,585,000
VIE debt—at fair value 11,109,000 9,875,000
Fair Value, Measurements, Recurring
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 4,975,200,000 [1] 5,103,000,000 [2]
Derivative assets 20,900,000 13,600,000
Other Assets 93,200,000 [3] 99,200,000 [3]
Total Assets at Fair Value 5,089,300,000 5,215,800,000
Derivative liabilities 344,900,000 266,900,000
VIE debt—at fair value 104,200,000 [4] 108,900,000 [5]
Total Liabilities at Fair Value 449,100,000 375,800,000
Fair Value, Measurements, Recurring | Reported Value Measurement [Member]
   
Fair Value by Hierarchy Level [Line Items]    
Total held to maturity amortized cost 400,000 700,000
Other invested assets fair value disclosure 49,600,000 48,700,000
Fair Value, Measurements, Recurring | US government and agency securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,290,900,000 571,600,000
Fair Value, Measurements, Recurring | State and municipal obligations
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 635,700,000 688,000,000
Fair Value, Measurements, Recurring | Money market instruments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 548,100,000 638,000,000
Fair Value, Measurements, Recurring | Corporate bonds and notes
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,104,500,000 1,373,600,000
Fair Value, Measurements, Recurring | RMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 603,600,000 663,400,000
Fair Value, Measurements, Recurring | CMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 294,800,000 237,300,000
Fair Value, Measurements, Recurring | Other ABS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 204,200,000 254,100,000
Fair Value, Measurements, Recurring | Foreign government securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value   117,700,000
Fair Value, Measurements, Recurring | Hybrid securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 400,000 211,900,000
Fair Value, Measurements, Recurring | Equity securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 210,300,000 [6] 265,900,000 [6]
Fair Value, Measurements, Recurring | Other investments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 82,700,000 [7] 81,500,000 [8]
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,538,800,000 [1] 874,700,000 [2]
Derivative assets 0 0
Other Assets 0 [3] 0 [3]
Total Assets at Fair Value 1,538,800,000 874,700,000
Derivative liabilities 0 0
VIE debt—at fair value 0 [4] 0 [5]
Total Liabilities at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | US government and agency securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 874,000,000 137,800,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | State and municipal obligations
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Money market instruments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 548,100,000 638,000,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | RMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | CMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other ABS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Foreign government securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value   0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Hybrid securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Equity securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 116,700,000 [6] 98,900,000 [6]
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other investments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 [7] 0 [8]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 3,336,400,000 [1] 4,127,600,000 [2]
Derivative assets 12,000,000 0
Other Assets 0 [3] 0 [3]
Total Assets at Fair Value 3,348,400,000 4,127,600,000
Derivative liabilities 0 0
VIE debt—at fair value 0 [4] 0 [5]
Total Liabilities at Fair Value 0 0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Trust Preferred Securities [Member]
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 900,000 900,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US government and agency securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 416,900,000 433,800,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | State and municipal obligations
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 617,300,000 669,000,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Money market instruments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,104,500,000 1,373,600,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 603,600,000 663,400,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 294,800,000 237,300,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other ABS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 203,200,000 252,400,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign government securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value   117,700,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Hybrid securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 400,000 211,900,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Equity securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 93,200,000 [6] 166,000,000 [6]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other investments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 2,500,000 [7] 2,500,000 [8]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Short Term CDs
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,600,000 1,600,000
Fair Value, Inputs, Level 3 | Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
Number Of Consolidated Other Financial Guaranty Transactions 2 2
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 100,000,000 [1] 100,700,000 [2]
Derivative assets 8,900,000 13,600,000
Other Assets 93,200,000 [3] 99,200,000 [3]
Total Assets at Fair Value 202,100,000 213,500,000
Derivative liabilities 344,900,000 266,900,000
VIE debt—at fair value 104,200,000 [4] 108,900,000 [5]
Total Liabilities at Fair Value 449,100,000 375,800,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
VIE debt—at fair value 93,100,000 99,000,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | NIMS VIEs [Member] | Variable Interest Entity, Primary Beneficiary [Member]
   
Fair Value by Hierarchy Level [Line Items]    
VIE debt—at fair value 11,100,000 9,900,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | US government and agency securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State and municipal obligations
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 18,400,000 19,000,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Money market instruments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Corporate bonds and notes
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | RMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | CMBS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Other ABS
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 1,000,000 1,700,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign government securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value   0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Hybrid securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 0 0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Equity securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 400,000 [6] 1,000,000 [6]
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Other investments
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 80,200,000 [7] 79,000,000 [8]
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Lottery Annuities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value 500,000 1,000,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Consolidated Committed Preferred Custodial Trust Securities
   
Fair Value by Hierarchy Level [Line Items]    
Total Investments at Fair Value $ 79,700,000 $ 78,000,000
[1] Does not include fixed-maturities held to maturity ($0.4 million) and certain other invested assets ($49.6 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[2] Does not include fixed-maturities held to maturity ($0.7 million) and certain other invested assets ($48.7 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[3] Primarily comprising manufactured housing loan collateral related to two consolidated financial guaranty VIEs.
[4] Comprising consolidated debt related to NIMS VIEs ($11.1 million) and amounts related to financial guaranty VIEs ($93.1 million).
[5] Comprising consolidated debt related to NIMS VIEs ($9.9 million) and amounts related to financial guaranty VIEs ($99.0 million).
[6] Comprising broadly diversified domestic equity mutual funds included within Level I and various preferred and common stocks invested across numerous companies and industries included within Levels II and III.
[7] Comprising TruPs ($0.9 million) and short-term certificates of deposit (“CDs”) ($1.6 million) included within Level II, and lottery annuities ($0.5 million) and a guaranteed investment contract held by a consolidated VIE ($79.7 million) within Level III.
[8] Comprising TruPs ($0.9 million) and short-term CDs ($1.6 million) included within Level II, and lottery annuities ($1.0 million) and a guaranteed investment contract held by a consolidated VIE ($78.0 million) within Level III.