XML 35 R67.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Fair Value Assets Measured on Non-Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Mortgage Loans on Real Estate [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value Assets Carrying Value Prior To Impairment     $ 15,660 [1] $ 13,575 [1]        
Fair Value Assets Gains Losses (2,037) [1] (27) [1] (1,656) [1] 93 [1]        
Partnership Interest [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value Assets Carrying Value Prior To Impairment     8,889 [2] 9,161 [2]        
Fair Value Assets Gains Losses (4,171) [2] 0 [2] (4,171) [2] (2,429) [2]        
Real Estate Investment [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value Assets Carrying Value Prior To Impairment     0 [3] 4,136 [3]        
Fair Value Assets Gains Losses 0 [3] (600) [3] 0 [3] (600) [3]        
Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value             22,001 22,031
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)   (1)   (28)        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases   0 [4]   0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales   0 [4]   0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements   (22,000) [4]   (22,000) [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3   0   0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3   0   0        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value   0   0        
Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value         (99,029) (176,270) (156,189) (243,177)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) 0 0 0 0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 0 [4] 0 [4] 0 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 [4] 0 [4] 0 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements 0 [4] 0 [4] 0 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0 0 0 0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0 0 0        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value (20,194) (108,473) (20,194) (108,473)        
Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value           4,962    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)     0          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases     0 [4]          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales     0 [4]          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements     0 [4]          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3     0          
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3     (4,962)          
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value 0   0          
Investment Income [Member] | Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings   0   (3)        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)   0   (4)        
Investment Income [Member] | Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Investment Income [Member] | Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings     0          
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)     0          
Policy Acquisition Costs And Other Insurance Expenses [Member] | Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings   0   0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)   0   0        
Policy Acquisition Costs And Other Insurance Expenses [Member] | Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Policy Acquisition Costs And Other Insurance Expenses [Member] | Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings     0          
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)     0          
Investment Related Gains Losses [Member] | Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings   0   0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)   0   0        
Investment Related Gains Losses [Member] | Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 78,835 47,716 156,076 134,704        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 78,835 47,717 156,076 134,705        
Investment Related Gains Losses [Member] | Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings     0          
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)     0          
Insurance Claims [Member] | Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings   0   0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)   0   0        
Insurance Claims [Member] | Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Insurance Claims [Member] | Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings     0          
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)     0          
Interest Income [Member] | Short-term Debt [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings   0   0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)   0   0        
Interest Income [Member] | Funds Withheld At Interest Embedded Derivatives [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Interest Income [Member] | Nonredeemable Preferred Stock [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings     0          
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)     0          
Available-for-sale Securities [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value         90,373 101,785 175,294 167,006
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) 1,639 15,445 4,674 27,945        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 0 [4] 0 [4] 0 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 [4] (1,118) [4] (14,626) [4] (2,722) [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (263) [4] (228) [4] (542) [4] (2,468) [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 5,712 0 5,712 0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0 0 0 0        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value 97,914 180,982 97,914 180,982        
Available-for-sale Securities [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value         38,031 40,919   4,538
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) 572   877 0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases 165 [4]   293 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales 0 [4]   0 [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements (5,534) [4]   (8,563) [4] 0 [4]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 0   0 0        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 0   0 (4,538)        
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value 32,994 0 32,994 0        
Available-for-sale Securities [Member] | Investment Income [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 447 581 819 1,083        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 447 580 875 1,081        
Available-for-sale Securities [Member] | Investment Income [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (185)   (282) 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) (185)   (282) 0        
Available-for-sale Securities [Member] | Policy Acquisition Costs And Other Insurance Expenses [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Available-for-sale Securities [Member] | Policy Acquisition Costs And Other Insurance Expenses [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0   0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0   0 0        
Available-for-sale Securities [Member] | Investment Related Gains Losses [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 6 (8,992) 92 (9,862)        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 (10,109) 0 (10,109)        
Available-for-sale Securities [Member] | Investment Related Gains Losses [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings (55)   (250) 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0   0 0        
Available-for-sale Securities [Member] | Insurance Claims [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Available-for-sale Securities [Member] | Insurance Claims [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0   0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0   0 0        
Available-for-sale Securities [Member] | Interest Income [Member] | Commercial Mortgage Backed Securities [Member]
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0 0 0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) 0 0 0 0        
Available-for-sale Securities [Member] | Interest Income [Member] | US Treasury And Government Member
               
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings 0   0 0        
Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss) $ 0   $ 0 $ 0        
[1] Mortgage loans — The impaired mortgage loans presented above were written down to their estimated fair values at the date the impairments were recognized and are reported as losses above. Subsequent improvements in estimated fair value on previously impaired loans recorded through a reduction in the previously established valuation allowance are reported as gains above. Nonrecurring fair value adjustments on mortgage loans are based on the fair value of underlying collateral or discounted cash flows.
[2] Limited partnership interests — The impaired limited partnership interests presented above were accounted for using the cost method. Impairments on these cost method investments were recognized at estimated fair value determined using the net asset values of the Company’s ownership interest as provided in the financial statements of the investees. The market for these investments has limited activity and price transparency.
[3] Real estate investments — The impaired real estate investments presented above were written down to their estimated fair value at the date of impairment and are reported as losses above. The impairments were based on third-party appraisal values obtained and reviewed by the Company.
[4] The amount reported within purchases, sales and settlements is the purchase price (for purchases) and the sales/settlement proceeds (for sales and settlements) based upon the actual date purchased or sold/settled. Items purchased and sold/settled in the same period are excluded from the rollforward. The Company had no issuances during the period.