Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value and notional amount of derivatives

The following table summarizes information on the fair values and notional values of the Company’s derivative instruments. The fair value of TBAs is included in “fixed maturities available for sale, at fair value” while the fair value of all other derivatives is included in “other investments available for sale, at fair value” in the consolidated balance sheets.

	Asset Derivatives		Liability Derivatives			Net Derivatives
	Fair Value		Fair Value			Fair Value			Notional Value
June 30, 2013
Futures contracts	$	160	$	(54	)	$	106		$	303,286
Foreign currency forward contracts	15,779		(7,605		)	8,174			887,815
TBAs	436,215		(270,629		)	165,586			687,560
Other	670		(40		)	630			203,466
Total	$	452,824	$	(278,328	)	$	174,496
December 31, 2012
Futures contracts	$	52	$	(52	)	$	—		$	340,400
Foreign currency forward contracts	2,809		(2,678		)	131			396,468
TBAs	23,599		(4,346		)	19,253			26,000
Other	448		(676		)	(228		)	50,341
Total	$	26,908	$	(7,752	)	$	19,156

Summary of net realized gains (losses) recorded in the consolidated statements of income

The following table summarizes net realized gains (losses) recorded on the Company’s derivative instruments in the consolidated statements of income:

	Three Months Ended						Six Months Ended
Derivatives not designated as	June 30,						June 30,
hedging instruments	2013			2012			2013			2012
Futures contracts	$	10,623		$	(2,322	)	$	9,794		$	(4,343	)
Foreign currency forward contracts	7,605			938			6,880			(943		)
TBAs	(3,751		)	1,419			(3,210		)	1,742
Other	1,169			242			1,804			(848		)
Total	$	15,646		$	277		$	15,268		$	(4,392	)