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</LabelSeparator><Level>2</Level><ElementName>us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="FROM_Jan01_2013_TO_Jun30_2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style='margin-top:9pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;"&gt;2. Significant Accounting Policies &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;"&gt;The Company's &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Condensed &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP)&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;. The &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Condensed &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Consolidated Financial Statements include the accounts of the Company and its subsidiaries. Intercompany accounts and transactions have been &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;eliminated. &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;To facilitate comparison of information across periods, certain reclassifications have been made to prior year amounts to conform to the current year's presentation.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:9pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;"&gt;The preparation of financial statements in conformity with U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While Management believes that the amounts included in the &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Condensed &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;Consolidated Financial Statements reflect its best estimates and assumptions, actual results could differ from those estimates. The Company's principal estimates include: &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Unpaid losses and loss expenses; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Policy benefits for life and annuity contracts; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Gross and net premiums written and net premiums earned; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Recoverability of deferred acquisition costs; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Recoverability of deferred tax assets; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Valuation of goodwill and intangible assets; and &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;"&gt;&amp;#8226; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Valuation of certain assets and derivative financial instruments that are measured using significant unobservable inputs. &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:4.5pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;"&gt;In the opinion of Management, all adjustments (which include normal recurring adjustments) necessary for a fair presentation of results for the interim periods have been made.&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt; As the Company's reinsurance operations are exposed to low-frequency, high-severity risk events, some of which are seasonal, results for certain interim periods may include unusually low loss experience, while results for other interim periods may include significant catastrophic losses. Consequently, the Company's results for interim periods are not necessarily indicative of results for the full year. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 201&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;2&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10pt;"&gt;.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for the basis of presentation and significant accounting policies concepts. 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