Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

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.’

	Asset Derivatives		Liability Derivatives			Net Derivatives
	Fair Value		Fair Value			Fair Value			Notional Value (1)
March 31, 2014
Futures contracts	$	469	$	(769	)	$	(300	)	$	1,056,045
Foreign currency forward contracts	693		(1,565		)	(872		)	244,614
TBAs	216,548		(211,763		)	4,785			412,800
Other	1,349		(844		)	505			690,029
Total	$	219,059	$	(214,941	)	$	4,118
December 31, 2013
Futures contracts	$	461	$	(110	)	$	351		$	475,967
Foreign currency forward contracts	5,023		(3,090		)	1,933			330,746
TBAs	33,455		(21,731		)	11,724			56,160
Other	920		(1,541		)	(621		)	347,916
Total	$	39,859	$	(26,472	)	$	13,387

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
Derivatives not designated as	March 31,
hedging instruments	2014			2013
Futures contracts	$	(9,862	)	$	(829	)
Foreign currency forward contracts	(2,257		)	(725		)
TBAs	(37		)	541
Other	(612		)	635
Total	$	(12,768	)	$	(378	)