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Unaudited Quarterly Financial Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Quarterly Financial Information Disclosure [Abstract]                      
Net premiums written $ 879,900 $ 1,079,600 $ 1,056,500 $ 1,470,400 $ 820,600 $ 987,600 $ 1,112,700 $ 1,784,200 $ 4,486,329 $ 4,705,116 $ 3,948,704
Net premiums earned 1,181,400 1,294,300 1,107,500 1,064,600 1,204,600 1,313,400 1,104,600 1,153,800 4,647,754 4,776,471 4,119,825
Net investment income 155,500 163,700 158,300 151,600 160,800 164,400 174,500 173,100 629,148 672,782 596,071
Net realized and unrealized investment (losses) gains 74,600 26,100 78,200 (112,200) (83,200) 293,200 46,000 145,500 66,692 401,482 591,707
Other income 3,100 1,400 1,600 1,800 5,100 3,300 800 1,300 7,915 10,470 22,312
Total revenues 1,414,600 1,485,500 1,345,600 1,105,800 1,287,300 1,774,300 1,325,900 1,473,700 5,351,509 5,861,205 5,418,342
Losses and loss expenses and life policy benefits 1,069,200 881,700 814,500 1,607,200 817,800 748,900 704,600 1,012,400 4,372,570 3,283,618 2,295,296
Acquisition costs 238,800 262,500 229,200 207,900 246,600 261,600 244,100 220,100 938,361 972,537 885,214
Other operating expenses 113,000 103,800 113,700 104,300 133,200 118,200 160,200 128,100 434,846 539,751 430,808
Interest expense 12,300 12,200 12,200 12,300 12,200 12,300 12,800 7,100 48,949 44,413 28,301
Amortization of intangible assets 8,900 9,500 9,200 8,800 8,800 10,000 7,800 4,800 36,405 31,461 (6,133)
Net foreign exchange (gains) losses (14,700) (10,600) (8,700) (700) 8,300 27,100 (11,000) (3,600) (34,675) 20,686 1,464
Total expenses 1,427,500 1,259,100 1,170,100 1,939,800 1,226,900 1,178,100 1,118,500 1,368,900 5,796,456 4,892,466 3,634,950
(Loss) income before taxes and interest in (losses) earnings of equity investments (12,900) 226,400 175,500 (834,000) 60,400 596,200 207,400 104,800 (444,947) 968,739 1,783,392
Income tax expense (benefit) 3,300 41,800 50,100 (26,300) 10,900 72,600 17,800 27,600 68,972 128,784 262,090
Interest in (losses) earnings of equity investments (1,400) (4,500) (1,200) 700 7,500 1,300 1,300 2,400 (6,372) 12,597 15,552
Net (loss) income (17,600) 180,100 124,200 (807,000) 57,000 524,900 190,900 79,600 (520,291) 852,552 1,536,854
Preferred dividends 15,400 14,400 8,600 8,600 8,600 8,600 8,600 8,600 47,020 34,525 34,525
Net (loss) income available to common shareholders $ (33,000) $ 165,700 $ 115,600 $ (815,600) $ 48,400 $ 516,300 $ 182,300 $ 71,000 $ (567,311) $ 818,027 $ 1,502,329
Basic net (loss) income $ (0.49) $ 2.45 $ 1.71 $ (11.99) $ 0.66 $ 6.86 $ 2.36 $ 0.87 $ (8.40) $ 10.65 $ 23.93
Diluted net (loss) income $ (0.49) $ 2.43 $ 1.69 $ (11.99) $ 0.65 $ 6.76 $ 2.31 $ 0.85 $ (8.40) $ 10.46 $ 23.51
Dividends declared per common share $ 0.60 $ 0.60 $ 0.60 $ 0.55 $ 0.55 $ 0.50 $ 0.50 $ 0.50 $ 2.35 $ 2.05 $ 1.88