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SCHEDULE II - Condensed Statements of Cash Flows - Parent Company Only (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net income (loss) $ 1,134,514,000 $ (520,291,000) $ 852,552,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Other, net 52,246,000 8,647,000 47,959,000
Net cash provided by operating activities 693,293,000 573,635,000 1,226,920,000
Cash flows from investing activities      
Sales and redemptions of short-term investments 110,360,000 336,456,000 270,087,000
Payments/ proceeds from trading securities [Line Items]      
Purchases of short-term investments 215,473,000 331,432,000 141,157,000
Other, net 995,000 (186,823,000) (185,965,000)
Net cash (used in) provided by investing activities (219,538,000) (1,080,378,000) 1,102,508,000
Cash flows from financing activities      
Cash dividends paid to shareholders (217,615,000) (205,784,000) (192,156,000)
Net Proceeds From Issuance Of Preferred Stock And Preference Stock 0 361,722,000 0
Repayment of debt 0 0 (200,000,000)
Repurchase of common shares (504,991,000) (413,737,000) (1,065,121,000)
Issuance of common shares 34,323,000 16,041,000 37,682,000
Contract fees on forward sale agreement 0 0 (2,638,000)
Net cash used in financing activities (688,283,000) (241,758,000) (922,233,000)
Effect of foreign exchange rate changes on cash (6,024,000) (20,326,000) (34,420,000)
(Decrease) increase in cash and cash equivalents (220,552,000) (768,827,000) 1,372,775,000
Cash and cash equivalents - beginning of year 1,342,257,000 2,111,084,000 738,309,000
Cash and cash equivalents - end of year 1,121,705,000 1,342,257,000 2,111,084,000
Supplemental cash flow information:      
Interest paid 49,259,000 49,259,000 42,995,000
[FixedMaturitiesMember]
     
Payments/ proceeds from trading securities [Line Items]      
Sales of fixed maturities and equities 6,969,074,000 8,328,352,000 8,621,227,000
Purchases of fixed maturities and equities 8,067,087,000 10,549,343,000 8,572,471,000
[EquitySecuritiesMember]
     
Payments/ proceeds from trading securities [Line Items]      
Sales of fixed maturities and equities 821,977,000 730,929,000 607,459,000
Purchases of fixed maturities and equities 830,323,000 619,533,000 769,557,000
[ParentCompanyMember]
     
Cash flows from operating activities      
Net income (loss) 1,134,514,000 (520,291,000) 852,552,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Equity in net income (loss) of subsidiaries (1,215,106,000) 460,353,000 (970,206,000)
Other, net 30,573,000 7,663,000 36,388,000
Net cash provided by operating activities (50,019,000) (52,275,000) (81,266,000)
Cash flows from investing activities      
Sales and redemptions of short-term investments 8,543,000 154,473,000 69,489,000
Payments/ proceeds from trading securities [Line Items]      
Purchases of short-term investments 0 99,955,000 0
Advances to/from subsidiaries, net 190,017,000 3,511,000 697,019,000
Net issue of intercompany loans receivable and payable 132,797,000 379,676,000 380,771,000
Investments in subsidiaries 0 (860,000,000) 0
Dividends received from subsidiaries (200,000,000) 0 0
Other, net 772,000 2,408,000 (4,283,000)
Foreign exchange forward contracts 3,000 (6,750,000) 3,528,000
Net cash (used in) provided by investing activities 716,648,000 19,815,000 1,844,917,000
Cash flows from financing activities      
Cash dividends paid to shareholders (217,615,000) (205,784,000) (192,156,000)
Net Proceeds From Issuance Of Preferred Stock And Preference Stock 0 361,722,000 0
Repayment of debt 0 0 (200,000,000)
Repurchase of common shares (504,991,000) (413,737,000) (1,065,121,000)
Issuance of common shares 34,323,000 16,041,000 37,682,000
Contract fees on forward sale agreement 0 0 (2,638,000)
Net cash used in financing activities (688,283,000) (241,758,000) (1,422,233,000)
Effect of foreign exchange rate changes on cash 297,000 (3,107,000) (15,867,000)
(Decrease) increase in cash and cash equivalents (21,357,000) (277,325,000) 325,551,000
Cash and cash equivalents - beginning of year 51,729,000 [1] 329,054,000 [1],[2] 3,503,000
Cash and cash equivalents - end of year 30,372,000 [1] 51,729,000 [1] 329,054,000 [1],[2]
Supplemental cash flow information:      
Interest paid 579,000 743,000 1,680,000
Non-cash dividends received from subsidiary 200,000,000 274,000,000 500,000,000
[ParentCompanyMember] | [FixedMaturitiesMember]
     
Payments/ proceeds from trading securities [Line Items]      
Sales of fixed maturities and equities $ 184,516,000 $ 446,452,000 $ 698,393,000
[1] The Company received non-cash dividends from its subsidiaries of $200 million, $274 million and $500 million for the years ended December 31, 2012, 2011 and 2010, respectively, which have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.
[2] During 2010, the Company sold a wholly-owned subsidiary to another wholly-owned subsidiary and received fixed maturities and short-term investments as partial settlement of certain intercompany loans receivable. These non-cash transactions have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.