Business Acquired (Tables)

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Summary of fair value of net assets acquired and allocation of purchase price

The following table summarizes the fair value of net assets acquired and allocation of purchase price:

	Total		Useful Life
Purchase price
Cash paid	$	245,157
Contingent consideration liability	41,762
Total purchase price (a)	$	286,919
Assets acquired
Cash	$	9,579
Investments, at fair value	312,093
Intangible asset -- acquired insurance contracts	46,473		5 years
Intangible asset -- operating platform	29,900		5 years
Intangible asset -- favorable lease contract	1,056		5 years
Intangible asset -- insurance licenses	16,858		Indefinite
Other assets acquired	21,691
Total assets acquired	437,650
Liabilities acquired
Reserves for losses and loss adjustment expenses	$	121,572
Unearned premiums	26,261
Intangible liability -- unfavorable service contract	9,533		9 years
Other liabilities acquired	7,217
Total liabilities acquired	164,583
Net assets acquired (b)	$	273,067
Goodwill (a)-(b)	$	13,852