XML 61 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 4 - Fair Value of Financial Instruments Assets Measured at Fair Value by Hierarchy Level (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Fair Value by Hierarchy Level [Line Items]          
Other Investments $ 3,585,000   $ 3,585,000   $ 334,000
Reinvested cash collateral held under securities lending agreements 31,800,000   31,800,000   19,357,000
Loaned securities 34,364,000   34,364,000   27,964,000
Carrying (Reported) Amount, Fair Value Disclosure          
Fair Value by Hierarchy Level [Line Items]          
Other Investments 3,600,000   3,600,000    
Cost Method Investments [1] 0   0   334,000
Fair Value, Measurements, Recurring          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 5,059,014,000 [2],[3]   5,059,014,000 [2],[3]   4,671,572,000 [4],[5]
Total Assets at Fair Value 5,059,014,000 [3]   5,059,014,000 [3]   4,671,572,000 [5]
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount 0 $ 0 0 $ 0  
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount 0 0 0 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net 0 0 0 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net 0 $ 0 0 $ 0  
Fair Value, Measurements, Recurring | US government and agency securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 256,052,000   256,052,000   132,992,000
Fair Value, Measurements, Recurring | State and municipal obligations          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 345,029,000   345,029,000   386,111,000
Fair Value, Measurements, Recurring | Money market instruments          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 156,396,000   156,396,000   213,357,000
Fair Value, Measurements, Recurring | Corporate bonds and notes          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 2,480,097,000   2,480,097,000   2,304,017,000
Fair Value, Measurements, Recurring | RMBS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 272,125,000   272,125,000   216,749,000
Fair Value, Measurements, Recurring | CMBS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 576,829,000   576,829,000   503,955,000
Fair Value, Measurements, Recurring | Other ABS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 674,509,000   674,509,000   676,158,000
Fair Value, Measurements, Recurring | Foreign government securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value         36,448,000
Fair Value, Measurements, Recurring | Equity securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 148,712,000   148,712,000   176,065,000
Fair Value, Measurements, Recurring | Other investments          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 149,265,000 [6]   149,265,000 [6]   25,720,000 [7]
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 536,101,000 [2]   536,101,000 [2]   513,531,000 [4]
Total Assets at Fair Value 536,101,000   536,101,000   513,531,000
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 234,507,000   234,507,000   124,969,000
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   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 156,396,000   156,396,000   213,357,000
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   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   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   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   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 | Equity securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 145,198,000   145,198,000   175,205,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other investments          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 0 [6]   0 [6]   0 [7]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 4,522,913,000 [2]   4,522,913,000 [2]   4,158,041,000 [4]
Total Assets at Fair Value 4,522,913,000   4,522,913,000   4,158,041,000
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 21,545,000   21,545,000   8,023,000
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 345,029,000   345,029,000   386,111,000
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   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 2,480,097,000   2,480,097,000   2,304,017,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 272,125,000   272,125,000   216,749,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 576,829,000   576,829,000   503,955,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other ABS          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 674,509,000   674,509,000   676,158,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign government securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value         36,448,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Equity securities          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 3,514,000   3,514,000   860,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other investments          
Fair Value by Hierarchy Level [Line Items]          
Total Investments at Fair Value 149,265,000 [6]   149,265,000 [6]   25,720,000 [7]
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring          
Fair Value by Hierarchy Level [Line Items]          
Total Assets at Fair Value 0   0   0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value 0   0   0
Securities Financing Transaction, Fair Value          
Fair Value by Hierarchy Level [Line Items]          
Reinvested cash collateral held under securities lending agreements [8] 31,799,000   31,799,000   19,357,000
Loaned securities [9] 34,364,000   34,364,000   27,964,000
Securities Financing Transaction, Fair Value | Corporate bonds and notes          
Fair Value by Hierarchy Level [Line Items]          
Loaned securities [9] 7,427,000   7,427,000   13,862,000
Securities Financing Transaction, Fair Value | Foreign government securities          
Fair Value by Hierarchy Level [Line Items]          
Loaned securities [9] 0   0   867,000
Securities Financing Transaction, Fair Value | Equity securities          
Fair Value by Hierarchy Level [Line Items]          
Loaned securities [9] $ 26,847,000   $ 26,847,000   $ 13,235,000
[1] As a result of implementing the update to the standard for the accounting of financial instruments effective January 1, 2018, other invested assets are no longer carried at amortized cost.
[2] Does not include certain other invested assets ($3.6 million), primarily invested in limited partnership investments valued using the net asset value as a practical expedient. Includes cash collateral held under securities lending agreements ($31.8 million) reinvested in money market instruments.
[3] Includes $34.4 million of securities loaned to third-party Borrowers under securities lending agreements, classified as other assets in our consolidated balance sheets. See Note 5 for more information.
[4] Does not include certain other invested assets ($0.3 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value. Includes cash collateral held under securities lending agreements ($19.4 million) reinvested in money market instruments.
[5] Includes $28.0 million of securities loaned to third-party Borrowers under securities lending agreements, classified as other assets in our consolidated balance sheets. See Note 5 for more information.
[6] Comprising short-term certificates of deposit and commercial paper.
[7] Comprising short-term certificates of deposit and commercial paper.
[8] All cash collateral received has been reinvested in accordance with the securities lending agreements and is included in short-term investments in our condensed consolidated balance sheets. Amounts payable on the return of cash collateral under securities lending agreements are included within other liabilities in our condensed consolidated balance sheets.
[9] Our securities loaned under securities lending agreements are reported at fair value within other assets in our condensed consolidated balance sheets. All of our securities lending agreements are classified as overnight and revolving. None of the amounts are subject to offsetting.