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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2014, $5,709,509; 2013, $5,116,600) $ 5,818,116 $ 5,201,921
Fixed maturities - available for sale, at fair value 18,426 19,388
Equity securities - available for sale, at market value (cost: 2014, $15; 2013, $15) 16 13
Equity securities - available for sale, at fair value 1,195,257 1,298,940
Short-term investments 659,017 757,162
Other invested assets (cost: 2014, $405,734; 2013, $385,776) 405,734 385,776
Other invested assets, at fair value 1,574,733 1,515,052
Cash 275,418 316,807
Total investments and cash 9,946,717 9,495,059
Accrued investment income 50,173 50,306
Premiums receivable 1,410,534 1,173,780
Reinsurance receivables - unaffiliated 764,252 530,158
Reinsurance receivables - affiliated 3,597,414 3,062,884
Funds held by reinsureds 181,326 175,526
Deferred acquisition costs 109,742 112,024
Prepaid reinsurance premiums 870,981 673,753
Other assets 295,679 247,505
TOTAL ASSETS 17,226,818 15,520,995
LIABILITIES:    
Reserve for losses and loss adjustment expenses 7,784,078 7,653,229
Unearned premium reserve 1,557,559 1,317,147
Funds held under reinsurance treaties 98,979 92,514
Losses in the course of payment 515,011 350,820
Commission reserves 53,257 47,226
Other net payable to reinsurers 1,379,033 1,026,292
6.6% Long term notes due 5/1/2067 238,363 238,361
Accrued interest on debt and borrowings 18,312 4,781
Income taxes 40,985 23,949
Unsettled securities payable 64,624 53,772
Other liabilities 273,505 272,468
Total liabilities 12,673,704 11,330,517
Commitments and Contingencies (Note 6)      
STOCKHOLDER'S EQUITY:    
Common stock, par value: $0.01; 3,000 shares authorized; 1,000 shares issued and outstanding (2014 and 2013)      
Additional paid-in capital 359,990 351,051
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $51,996 at 2014 and $47,195 at 2013 96,564 87,648
Retained earnings 4,096,560 3,751,779
Total stockholder's equity 4,553,114 4,190,478
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 17,226,818 15,520,995
Senior Notes 4.868% [Member] | Senior Notes [Member]
   
LIABILITIES:    
Senior notes due 400,000  
Senior Notes 5.4% [Member] | Senior Notes [Member]
   
LIABILITIES:    
Senior notes due $ 249,998 $ 249,958