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Unaudited Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments:    
Fixed maturities available for sale, at fair value (amortized cost: $9,619,842 and $9,567,290) $ 9,570,583 $ 9,839,988
Short-term investments available for sale, at fair value (amortized cost: $1,095,497 and $719,848) 1,091,032 722,121
Investment of funds received under securities lending, at fair value (amortized cost: $39,079 and $42,302) 41,062 42,531
Equity securities available for sale, at fair value (cost: $410,219 and $298,414) 438,038 312,749
Other investments available for sale, at fair value (cost: $555,422 and $519,955) 569,407 549,280
Investments accounted for using the fair value option 1,065,684 917,466
Investments accounted for using the equity method 208,796 307,105
Total investments 12,984,602 12,691,240
Cash 375,119 371,041
Accrued investment income 68,413 71,748
Investment in joint venture (cost: $100,000) 108,710 107,284
Fixed maturities and short-term investments pledged under securities lending, at fair value 47,763 50,848
Premiums receivable 876,989 688,873
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses 1,849,891 1,870,037
Contractholder receivables 947,887 865,728
Prepaid reinsurance premiums 330,854 298,484
Deferred acquisition costs, net 313,010 262,822
Receivable for securities sold 447,545 19,248
Other assets 566,900 519,409
Total Assets 18,917,683 17,816,762
Liabilities    
Reserve for losses and loss adjustment expenses 8,808,594 8,933,292
Unearned premiums 1,921,849 1,647,978
Reinsurance balances payable 210,113 188,546
Contractholder payables 947,887 865,728
Senior notes 300,000 300,000
Revolving credit agreement borrowings 100,000 100,000
Securities lending payable 49,135 52,356
Payable for securities purchased 853,156 37,788
Other liabilities 492,631 522,196
Total Liabilities 13,683,365 12,647,884
Commitments and Contingencies      
Shareholders’ Equity    
Non-cumulative preferred shares 325,000 325,000
Common shares ($0.0033 par, shares issued: 169,245,371 and 168,255,572) 564 561
Additional paid-in capital 272,955 227,778
Retained earnings 5,776,808 5,354,361
Accumulated other comprehensive income (loss), net of deferred income tax (49,322) 287,017
Common shares held in treasury, at cost (shares: 35,828,952 and 34,412,959) (1,091,687) (1,025,839)
Total Shareholders' Equity 5,234,318 5,168,878
Total Liabilities and Shareholders' Equity $ 18,917,683 $ 17,816,762