XML 52 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Fair Value (Details - Level 3 rollforward) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year $ 1,027,763 $ 719,763 $ 769,384 $ 712,306
Realized and unrealized investment (losses) gains included in net income (14,801) 8,336 (14,118) 18,855
Purchases 56,745 89,769 361,102 [1] 158,773
Settlements (346,128) [2] (41,698) [3] (392,789) [1] (113,764) [4]
Sales 0 0 0 0
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 723,579 776,170 723,579 776,170
Change in unrealized investment (losses) gains relating to assets held at the end of period (14,875) 9,898 (12,560) 20,686
Fixed maturities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 599,266 561,168 599,646 554,957
Realized and unrealized investment (losses) gains included in net income (16,101) 9,101 (16,701) 15,989
Purchases 33,720 72,295 77,142 [1] 135,978
Settlements (93,015) [2] (29,841) [3] (136,217) [1] (94,201) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 523,870 612,723 523,870 612,723
Change in unrealized investment (losses) gains relating to assets held at the end of period (15,958) 9,143 (16,445) 16,293
Fixed maturities [Member] | US states, territories and municipalities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 147,683 113,467 149,728 108,380
Realized and unrealized investment (losses) gains included in net income (8,390) 5,960 (10,251) 6,852
Purchases 16,440 4,260 16,440 [1] 8,525
Settlements (43,512) [2] (70) [3] (43,696) [1] (140) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 112,221 123,617 112,221 123,617
Change in unrealized investment (losses) gains relating to assets held at the end of period (8,392) 5,959 (10,258) 6,849
Fixed maturities [Member] | Asset-backed securities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 451,583 447,701 449,918 446,577
Realized and unrealized investment (losses) gains included in net income (7,711) 3,141 (6,450) 9,137
Purchases 17,280 68,035 60,702 [1] 127,453
Settlements (49,503) [2] (29,771) [3] (92,521) [1] (94,061) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 411,649 489,106 411,649 489,106
Change in unrealized investment (losses) gains relating to assets held at the end of period (7,566) 3,184 (6,187) 9,444
Equities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 289,834 40,270 40,134 38,045
Realized and unrealized investment (losses) gains included in net income 1,320 (2,749) 1,680 (524)
Purchases 0 8 249,340 [1] 8
Settlements (249,472) [2] 0 [3] (249,472) [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 41,682 37,529 41,682 37,529
Change in unrealized investment (losses) gains relating to assets held at the end of period 1,320 (2,749) 1,680 (524)
Equities [Member] | Finance [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 20,532 22,706 20,353 20,207
Realized and unrealized investment (losses) gains included in net income 564 (3,142) 743 (643)
Purchases 0 0 0 [1] 0
Settlements (132) [2] 0 [3] (132) [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 20,964 19,564 20,964 19,564
Change in unrealized investment (losses) gains relating to assets held at the end of period 564 (3,142) 743 (643)
Equities [Member] | Technology [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 8,602 7,400 8,555 7,752
Realized and unrealized investment (losses) gains included in net income 613 245 660 (107)
Purchases 0 0 0 [1] 0
Settlements 0 [2] 0 [3] 0 [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 9,215 7,645 9,215 7,645
Change in unrealized investment (losses) gains relating to assets held at the end of period 613 245 660 (107)
Equities [Member] | Communications [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 2,723 2,111 2,640 2,199
Realized and unrealized investment (losses) gains included in net income (143) (44) (60) (132)
Purchases 0 0 0 [1] 0
Settlements 0 [2] 0 [3] 0 [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 2,580 2,067 2,580 2,067
Change in unrealized investment (losses) gains relating to assets held at the end of period (143) (44) (60) (132)
Equities [Member] | Other equities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year   0   0
Realized and unrealized investment (losses) gains included in net income   (1)   (1)
Purchases   8   8
Settlements   0 [3]   0 [4]
Net transfers into/ (out of) Level 3   0   0
Balance, end of year   7   7
Change in unrealized investment (losses) gains relating to assets held at the end of period   (1)   (1)
Equities [Member] | Mutual funds and exchange traded funds [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 257,977 8,053 8,586 7,887
Realized and unrealized investment (losses) gains included in net income 286 193 337 359
Purchases 0 0 249,340 [1] 0
Settlements (249,340) [2] 0 [3] (249,340) [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 8,923 8,246 8,923 8,246
Change in unrealized investment (losses) gains relating to assets held at the end of period 286 193 337 359
Other invested assets [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 126,523 102,801 116,074 103,853
Realized and unrealized investment (losses) gains included in net income (428) 1,403 1,885 2,991
Purchases 23,025 17,466 34,620 [1] 22,532
Settlements (3,441) [2] (11,857) [3] (6,900) [1] (19,563) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 145,679 109,813 145,679 109,813
Change in unrealized investment (losses) gains relating to assets held at the end of period (577) 2,923 3,255 4,518
Other invested assets [Member] | Derivatives, net [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year (1,377) (1,042) (1,858) (788)
Realized and unrealized investment (losses) gains included in net income (1,033) 398 (552) 864
Purchases 0 [2] (208) [5] 0 [1] (928) [6]
Issuances 0 200 0 900
Settlements 0 [2] 0 [3] 0 [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year (2,410) (852) (2,410) (852)
Change in unrealized investment (losses) gains relating to assets held at the end of period (1,033) 398 (552) 864
Other invested assets [Member] | Notes And Loan Receivables And Notes Securitization [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 51,103 42,243 44,817 41,446
Realized and unrealized investment (losses) gains included in net income (540) 2,967 564 3,567
Purchases 16,271 2,196 22,682 [1] 2,916
Settlements (1,384) [2] (8,803) [3] (2,613) [1] (9,326) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 65,450 38,603 65,450 38,603
Change in unrealized investment (losses) gains relating to assets held at the end of period (541) 4,486 2,082 5,086
Other invested assets [Member] | Annuities and residuals [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 12,155 18,945 13,243 24,064
Realized and unrealized investment (losses) gains included in net income 90 302 321 391
Purchases 0 0 0 [1] 0
Settlements (1,149) [2] (2,113) [3] (2,468) [1] (7,321) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 11,096 17,134 11,096 17,134
Change in unrealized investment (losses) gains relating to assets held at the end of period 91 303 321 431
Other invested assets [Member] | Private equities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 64,642 42,655 59,872 39,131
Realized and unrealized investment (losses) gains included in net income 1,055 (2,264) 1,552 (1,831)
Purchases 6,754 15,478 11,938 [1] 20,544
Settlements (908) [2] (941) [3] (1,819) [1] (2,916) [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 71,543 54,928 71,543 54,928
Change in unrealized investment (losses) gains relating to assets held at the end of period 906 (2,264) 1,404 (1,863)
Funds Held - Directly Managed investment [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 12,140 15,524 13,530 15,451
Realized and unrealized investment (losses) gains included in net income 408 581 (982) 399
Purchases 0 0 0 [1] 255
Settlements (200) [2] 0 [3] (200) [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 12,348 16,105 12,348 16,105
Change in unrealized investment (losses) gains relating to assets held at the end of period 340 581 (1,050) 399
Funds Held - Directly Managed investment [Member] | Other invested assets funds held directly managed [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 12,008 15,223 13,398 15,165
Realized and unrealized investment (losses) gains included in net income 340 577 (1,050) 380
Purchases 0 0 0 [1] 255
Settlements 0 [2] 0 [3] 0 [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 12,348 15,800 12,348 15,800
Change in unrealized investment (losses) gains relating to assets held at the end of period 340 577 (1,050) 380
Funds Held - Directly Managed investment [Member] | US states, territories and municipalities [Member]        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of year 132 301 132 286
Realized and unrealized investment (losses) gains included in net income 68 4 68 19
Purchases 0 0 0 [1] 0
Settlements (200) [2] 0 [3] (200) [1] 0 [4]
Net transfers into/ (out of) Level 3 0 0 0 0
Balance, end of year 0 305 0 305
Change in unrealized investment (losses) gains relating to assets held at the end of period $ 0 $ 4 $ 0 $ 19
[1] There were no issuances or sales for the six months ended June 30, 2015.
[2] There were no issuances or sales for the three months ended June 30, 2015.
[3] There were no sales for the three months ended June 30, 2014.
[4] There were no sales for the six months ended June 30, 2014.
[5] Purchases and issuances of derivatives include issuances of $0.2 million
[6] Purchases and issuances of derivatives include issuances of $0.9 million.