XML 22 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Segment Reporting [Line Items]        
Gross premiums written $ 1,163,243,000 $ 1,082,205,000 $ 2,730,726,000 $ 2,639,766,000
Net premiums written 1,136,046,000 1,056,467,000 2,609,331,000 2,526,887,000
Decrease (increase) in unearned premiums (45,168,000) 50,978,000 (528,623,000) (354,853,000)
Net premiums earned 1,090,878,000 1,107,445,000 2,080,708,000 2,172,034,000
Losses and loss expenses and life policy benefits (706,000,000) (814,000,000) (1,283,000,000) (2,422,000,000)
Acquisition costs (232,723,000) (229,251,000) (444,330,000) (437,100,000)
Technical result 152,000,000 64,000,000 354,000,000 (687,000,000)
Other income 2,654,000 1,596,000 5,400,000 3,408,000
Other operating expenses (106,184,000) (113,694,000) (204,358,000) (217,991,000)
Underwriting result 49,000,000 (49,000,000) 155,000,000 (902,000,000)
Net investment income 153,506,000 158,328,000 300,402,000 309,962,000
Net realized and unrealized investment gains (losses) 38,132,000 78,199,000 230,867,000 (34,000,000)
Interest expense (12,223,000) (12,214,000) (24,443,000) (24,514,000)
Amortization of intangible assets (8,893,000) (9,165,000) (17,786,000) (17,992,000)
Net foreign exchange gains 7,770,000 8,737,000 5,181,000 9,433,000
Income tax expense (50,136,000) (50,085,000) (117,310,000) (23,828,000)
Interest in (losses) earnings of equity investments (498,000) (1,188,000) 4,579,000 (443,000)
Net income (loss) 176,146,000 124,185,000 536,287,000 (682,771,000)
[LifeMember]
       
Segment Reporting [Line Items]        
Gross premiums written 200,000,000 195,000,000 417,000,000 403,000,000
Net premiums written 199,000,000 195,000,000 414,000,000 402,000,000
Decrease (increase) in unearned premiums 1,000,000 6,000,000 (20,000,000) (17,000,000)
Net premiums earned 200,000,000 201,000,000 394,000,000 385,000,000
Losses and loss expenses and life policy benefits (173,000,000) (166,000,000) (322,000,000) (311,000,000)
Acquisition costs (26,000,000) (26,000,000) (55,000,000) (56,000,000)
Technical result 1,000,000 9,000,000 17,000,000 18,000,000
Other income 1,000,000 0 2,000,000 0
Other operating expenses (13,000,000) (13,000,000) (26,000,000) (25,000,000)
Underwriting result (11,000,000) (4,000,000) (7,000,000) (7,000,000)
Net investment income 17,000,000 16,000,000 33,000,000 31,000,000
Allocated underwriting result 6,000,000 12,000,000 26,000,000 24,000,000
[CorporateAndOtherMember]
       
Segment Reporting [Line Items]        
Gross premiums written 3,000,000 4,000,000 6,000,000 6,000,000
Net premiums written 3,000,000 4,000,000 6,000,000 6,000,000
Decrease (increase) in unearned premiums (2,000,000) (3,000,000) (4,000,000) (5,000,000)
Net premiums earned 1,000,000 1,000,000 2,000,000 1,000,000
Losses and loss expenses and life policy benefits 0 (2,000,000) 0 (2,000,000)
Acquisition costs 0 0 0 0
Technical result 1,000,000 (1,000,000) 2,000,000 (1,000,000)
Other income 2,000,000 1,000,000 2,000,000 1,000,000
Other operating expenses (27,000,000) (30,000,000) (49,000,000) (56,000,000)
Net investment income 136,000,000 142,000,000 267,000,000 279,000,000
Net realized and unrealized investment gains (losses) 38,000,000 78,000,000 231,000,000 (34,000,000)
Interest expense (12,000,000) (12,000,000) (24,000,000) (24,000,000)
Amortization of intangible assets (9,000,000) (9,000,000) (18,000,000) (18,000,000)
Net foreign exchange gains 8,000,000 9,000,000 5,000,000 9,000,000
Income tax expense (50,000,000) (50,000,000) (117,000,000) (24,000,000)
Interest in (losses) earnings of equity investments (1,000,000) (1,000,000) 4,000,000 0
[NonLifeMember]
       
Segment Reporting [Line Items]        
Gross premiums written 960,000,000 883,000,000 2,308,000,000 2,231,000,000
Net premiums written 934,000,000 857,000,000 2,189,000,000 2,119,000,000
Decrease (increase) in unearned premiums (44,000,000) 48,000,000 (504,000,000) (333,000,000)
Net premiums earned 890,000,000 905,000,000 1,685,000,000 1,786,000,000
Losses and loss expenses and life policy benefits (533,000,000) (646,000,000) (961,000,000) (2,109,000,000)
Acquisition costs (207,000,000) (203,000,000) (389,000,000) (381,000,000)
Technical result 150,000,000 56,000,000 335,000,000 (704,000,000)
Other income 0 0 1,000,000 2,000,000
Other operating expenses (66,000,000) (71,000,000) (129,000,000) (137,000,000)
Underwriting result 84,000,000 (15,000,000) 207,000,000 (839,000,000)
Reinsurance Ratios [Abstract]        
Loss ratio 59.90% 71.40% 57.00% 118.00%
Acquisition ratio 23.20% 22.40% 23.10% 21.40%
Technical ratio 83.10% 93.80% 80.10% 139.40%
Other operating expense ratio 7.50% 7.90% 7.70% 7.70%
Combined ratio 90.60% 101.70% 87.80% 147.10%
[NonLifeMember] | [NorthAmericaMember]
       
Segment Reporting [Line Items]        
Gross premiums written 271,000,000 242,000,000 613,000,000 581,000,000
Net premiums written 270,000,000 242,000,000 611,000,000 581,000,000
Decrease (increase) in unearned premiums 20,000,000 19,000,000 (84,000,000) (60,000,000)
Net premiums earned 290,000,000 261,000,000 527,000,000 521,000,000
Losses and loss expenses and life policy benefits (185,000,000) (190,000,000) (317,000,000) (365,000,000)
Acquisition costs (69,000,000) (63,000,000) (134,000,000) (129,000,000)
Technical result 36,000,000 8,000,000 76,000,000 27,000,000
Reinsurance Ratios [Abstract]        
Loss ratio 63.70% 72.80% 60.10% 70.00%
Acquisition ratio 23.80% 24.10% 25.50% 24.80%
Technical ratio 87.50% 96.90% 85.60% 94.80%
[NonLifeMember] | [GlobalNonUsPcMember]
       
Segment Reporting [Line Items]        
Gross premiums written 130,000,000 122,000,000 477,000,000 440,000,000
Net premiums written 128,000,000 121,000,000 474,000,000 437,000,000
Decrease (increase) in unearned premiums 36,000,000 72,000,000 (150,000,000) (63,000,000)
Net premiums earned 164,000,000 193,000,000 324,000,000 374,000,000
Losses and loss expenses and life policy benefits (119,000,000) (127,000,000) (217,000,000) (277,000,000)
Acquisition costs (39,000,000) (53,000,000) (78,000,000) (93,000,000)
Technical result 6,000,000 13,000,000 29,000,000 4,000,000
Reinsurance Ratios [Abstract]        
Loss ratio 72.30% 65.90% 67.00% 74.00%
Acquisition ratio 23.90% 27.60% 23.90% 25.00%
Technical ratio 96.20% 93.50% 90.90% 99.00%
[NonLifeMember] | [GlobalNonUsSpecialtyMember]
       
Segment Reporting [Line Items]        
Gross premiums written 400,000,000 350,000,000 817,000,000 724,000,000
Net premiums written 391,000,000 333,000,000 744,000,000 648,000,000
Decrease (increase) in unearned premiums (28,000,000) 8,000,000 (73,000,000) 10,000,000
Net premiums earned 363,000,000 341,000,000 671,000,000 658,000,000
Losses and loss expenses and life policy benefits (213,000,000) (206,000,000) (408,000,000) (427,000,000)
Acquisition costs (93,000,000) (78,000,000) (162,000,000) (158,000,000)
Technical result 57,000,000 57,000,000 101,000,000 73,000,000
Reinsurance Ratios [Abstract]        
Loss ratio 58.80% 60.30% 60.80% 64.90%
Acquisition ratio 25.50% 22.90% 24.20% 24.00%
Technical ratio 84.30% 83.20% 85.00% 88.90%
[NonLifeMember] | [CatastropheSegmentMember]
       
Segment Reporting [Line Items]        
Gross premiums written 159,000,000 169,000,000 401,000,000 486,000,000
Net premiums written 145,000,000 161,000,000 360,000,000 453,000,000
Decrease (increase) in unearned premiums (72,000,000) (51,000,000) (197,000,000) (220,000,000)
Net premiums earned 73,000,000 110,000,000 163,000,000 233,000,000
Losses and loss expenses and life policy benefits (16,000,000) (123,000,000) (19,000,000) (1,040,000,000)
Acquisition costs (6,000,000) (9,000,000) (15,000,000) (1,000,000)
Technical result $ 51,000,000 $ (22,000,000) $ 129,000,000 $ (808,000,000)
Reinsurance Ratios [Abstract]        
Loss ratio 22.50% 111.70% 11.30% 446.30%
Acquisition ratio 8.30% 8.10% 9.50% 0.30%
Technical ratio 30.80% 119.80% 20.80% 446.60%