XML 25 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Details) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Segment Reporting [Line Items]    
Gross premiums written $ 1,567,483,000 $ 1,557,561,000
Net premiums written 1,473,286,000 1,470,419,000
(Increase) decrease in unearned premiums (483,456,000) (405,830,000)
Net premiums earned 989,830,000 1,064,589,000
Losses and loss expenses and life policy benefits (576,000,000) (1,608,000,000)
Acquisition costs (211,608,000) (207,849,000)
Technical result 202,000,000 (751,000,000)
Other income 2,746,000 1,813,000
Other operating expenses (98,174,000) (104,297,000)
Underwriting result 106,000,000 (853,000,000)
Net investment income 146,896,000 151,633,000
Net realized and unrealized investment gains (losses) 192,735,000 (112,199,000)
Interest expense (12,220,000) (12,300,000)
Amortization of intangible assets (8,893,000) (8,827,000)
Net foreign exchange (losses) gains (2,589,000) 695,000
Income tax expense (benefit) (67,174,000) 26,258,000
Interest in earnings of equity investments 5,078,000 745,000
Net income (loss) 360,141,000 (806,956,000)
[LifeMember]
   
Segment Reporting [Line Items]    
Gross premiums written 217,000,000 208,000,000
Net premiums written 215,000,000 206,000,000
(Increase) decrease in unearned premiums (21,000,000) (22,000,000)
Net premiums earned 194,000,000 184,000,000
Losses and loss expenses and life policy benefits (149,000,000) (145,000,000)
Acquisition costs (29,000,000) (30,000,000)
Technical result 16,000,000 9,000,000
Other income 0 0
Other operating expenses (12,000,000) (12,000,000)
Underwriting result 4,000,000 (3,000,000)
Net investment income 17,000,000 15,000,000
Allocated underwriting result 21,000,000 12,000,000
[CorporateAndOtherMember]
   
Segment Reporting [Line Items]    
Gross premiums written 3,000,000 2,000,000
Net premiums written 3,000,000 2,000,000
(Increase) decrease in unearned premiums (2,000,000) (2,000,000)
Net premiums earned 1,000,000 0
Losses and loss expenses and life policy benefits 0 0
Acquisition costs 0 0
Technical result 1,000,000 0
Other income 1,000,000 1,000,000
Other operating expenses (23,000,000) (26,000,000)
Net investment income 130,000,000 137,000,000
Net realized and unrealized investment gains (losses) 193,000,000 (112,000,000)
Interest expense (12,000,000) (12,000,000)
Amortization of intangible assets (9,000,000) (9,000,000)
Net foreign exchange (losses) gains (3,000,000) 0
Income tax expense (benefit) (67,000,000) 26,000,000
Interest in earnings of equity investments 5,000,000 1,000,000
[NonLifeMember]
   
Segment Reporting [Line Items]    
Gross premiums written 1,347,000,000 1,348,000,000
Net premiums written 1,255,000,000 1,262,000,000
(Increase) decrease in unearned premiums (460,000,000) (381,000,000)
Net premiums earned 795,000,000 881,000,000
Losses and loss expenses and life policy benefits (427,000,000) (1,463,000,000)
Acquisition costs (183,000,000) (178,000,000)
Technical result 185,000,000 (760,000,000)
Other income 1,000,000 1,000,000
Other operating expenses (63,000,000) (66,000,000)
Underwriting result 123,000,000 (825,000,000)
Reinsurance Ratios [Abstract]    
Loss ratio 53.80% 166.00%
Acquisition ratio 23.00% 20.30%
Technical ratio 76.80% 186.30%
Other operating expense ratio 7.90% 7.40%
Combined ratio 84.70% 193.70%
[NonLifeMember] | [NorthAmericaMember]
   
Segment Reporting [Line Items]    
Gross premiums written 341,000,000 338,000,000
Net premiums written 341,000,000 338,000,000
(Increase) decrease in unearned premiums (103,000,000) (79,000,000)
Net premiums earned 238,000,000 259,000,000
Losses and loss expenses and life policy benefits (133,000,000) (174,000,000)
Acquisition costs (66,000,000) (66,000,000)
Technical result 39,000,000 19,000,000
Reinsurance Ratios [Abstract]    
Loss ratio 55.90% 67.00%
Acquisition ratio 27.50% 25.60%
Technical ratio 83.40% 92.60%
[NonLifeMember] | [GlobalNonUsPcMember]
   
Segment Reporting [Line Items]    
Gross premiums written 347,000,000 318,000,000
Net premiums written 346,000,000 317,000,000
(Increase) decrease in unearned premiums (187,000,000) (136,000,000)
Net premiums earned 159,000,000 181,000,000
Losses and loss expenses and life policy benefits (98,000,000) (150,000,000)
Acquisition costs (38,000,000) (40,000,000)
Technical result 23,000,000 (9,000,000)
Reinsurance Ratios [Abstract]    
Loss ratio 61.60% 82.80%
Acquisition ratio 23.90% 22.10%
Technical ratio 85.50% 104.90%
[NonLifeMember] | [GlobalNonUsSpecialtyMember]
   
Segment Reporting [Line Items]    
Gross premiums written 417,000,000 375,000,000
Net premiums written 353,000,000 315,000,000
(Increase) decrease in unearned premiums (45,000,000) 2,000,000
Net premiums earned 308,000,000 317,000,000
Losses and loss expenses and life policy benefits (194,000,000) (221,000,000)
Acquisition costs (70,000,000) (80,000,000)
Technical result 44,000,000 16,000,000
Reinsurance Ratios [Abstract]    
Loss ratio 63.20% 69.70%
Acquisition ratio 22.60% 25.30%
Technical ratio 85.80% 95.00%
[NonLifeMember] | [CatastropheSegmentMember]
   
Segment Reporting [Line Items]    
Gross premiums written 242,000,000 317,000,000
Net premiums written 215,000,000 292,000,000
(Increase) decrease in unearned premiums (125,000,000) (168,000,000)
Net premiums earned 90,000,000 124,000,000
Losses and loss expenses and life policy benefits (2,000,000) (918,000,000)
Acquisition costs (9,000,000) 8,000,000
Technical result $ 79,000,000 $ (786,000,000)
Reinsurance Ratios [Abstract]    
Loss ratio 2.10% 743.00%
Acquisition ratio 10.50% (6.70%)
Technical ratio 12.60% 736.30%