XML 66 R47.htm IDEA: XBRL DOCUMENT v3.7.0.1
Investment Information - Aging of available for sale securities in an unrealized loss position (Details) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Available for sale securities:    
Estimated Fair Value - Less than 12 Months $ 7,236,411 $ 7,509,193
Gross Unrealized Losses - Less than 12 Months (87,843) (192,881)
Estimated Fair Value - 12 Months or More 83,471 154,001
Gross Unrealized Losses - 12 Months or More (2,145) (6,005)
Estimated Fair Value - Total 7,319,882 7,663,194
Gross Unrealized Losses - Total (89,988) (198,886)
Fixed maturities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 7,044,732 7,171,367
Gross Unrealized Losses - Less than 12 Months [1] (80,493) (172,754)
Estimated Fair Value - 12 Months or More [1] 83,471 154,001
Gross Unrealized Losses - 12 Months or More [1] (2,145) (6,005)
Estimated Fair Value - Total [1] 7,128,203 7,325,368
Gross Unrealized Losses - Total [1] (82,638) (178,759)
Fixed maturities | Corporate bonds    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 1,384,481 1,700,813
Gross Unrealized Losses - Less than 12 Months [1] (22,572) (43,011)
Estimated Fair Value - 12 Months or More [1] 15,198 46,902
Gross Unrealized Losses - 12 Months or More [1] (1,060) (3,894)
Estimated Fair Value - Total [1] 1,399,679 1,747,715
Gross Unrealized Losses - Total [1] (23,632) (46,905)
Fixed maturities | Mortgage backed securities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 189,816 402,699
Gross Unrealized Losses - Less than 12 Months [1] (1,534) (8,134)
Estimated Fair Value - 12 Months or More [1] 1,573 6,105
Gross Unrealized Losses - 12 Months or More [1] (62) (223)
Estimated Fair Value - Total [1] 191,389 408,804
Gross Unrealized Losses - Total [1] (1,596) (8,357)
Fixed maturities | Municipal bonds    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 788,714 1,513,308
Gross Unrealized Losses - Less than 12 Months [1] (9,329) (28,504)
Estimated Fair Value - 12 Months or More [1] 39,912 29,636
Gross Unrealized Losses - 12 Months or More [1] (512) (650)
Estimated Fair Value - Total [1] 828,626 1,542,944
Gross Unrealized Losses - Total [1] (9,841) (29,154)
Fixed maturities | Commercial mortgage backed securities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 249,658 231,374
Gross Unrealized Losses - Less than 12 Months [1] (6,232) (6,331)
Estimated Fair Value - 12 Months or More [1] 3,383 5,635
Gross Unrealized Losses - 12 Months or More [1] (131) (177)
Estimated Fair Value - Total [1] 253,041 237,009
Gross Unrealized Losses - Total [1] (6,363) (6,508)
Fixed maturities | US government and government agencies    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 2,662,818 1,888,018
Gross Unrealized Losses - Less than 12 Months [1] (15,246) (24,437)
Estimated Fair Value - 12 Months or More [1] 0 0
Gross Unrealized Losses - 12 Months or More [1] 0 0
Estimated Fair Value - Total [1] 2,662,818 1,888,018
Gross Unrealized Losses - Total [1] (15,246) (24,437)
Fixed maturities | Non-US government securities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 1,017,781 807,598
Gross Unrealized Losses - Less than 12 Months [1] (21,360) (56,872)
Estimated Fair Value - 12 Months or More [1] 11,123 0
Gross Unrealized Losses - 12 Months or More [1] (106) 0
Estimated Fair Value - Total [1] 1,028,904 807,598
Gross Unrealized Losses - Total [1] (21,466) (56,872)
Fixed maturities | Asset backed securities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months [1] 751,464 627,557
Gross Unrealized Losses - Less than 12 Months [1] (4,220) (5,465)
Estimated Fair Value - 12 Months or More [1] 12,282 65,723
Gross Unrealized Losses - 12 Months or More [1] (274) (1,061)
Estimated Fair Value - Total [1] 763,746 693,280
Gross Unrealized Losses - Total [1] (4,494) (6,526)
Equity securities    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months 167,176 269,381
Gross Unrealized Losses - Less than 12 Months (7,200) (17,517)
Estimated Fair Value - 12 Months or More 0 0
Gross Unrealized Losses - 12 Months or More 0 0
Estimated Fair Value - Total 167,176 269,381
Gross Unrealized Losses - Total (7,200) (17,517)
Other investments    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months 1,562 39,299
Gross Unrealized Losses - Less than 12 Months (28) (2,465)
Estimated Fair Value - 12 Months or More 0 0
Gross Unrealized Losses - 12 Months or More 0 0
Estimated Fair Value - Total 1,562 39,299
Gross Unrealized Losses - Total (28) (2,465)
Short-term investments    
Available for sale securities:    
Estimated Fair Value - Less than 12 Months 22,941 29,146
Gross Unrealized Losses - Less than 12 Months (122) (145)
Estimated Fair Value - 12 Months or More 0 0
Gross Unrealized Losses - 12 Months or More 0 0
Estimated Fair Value - Total 22,941 29,146
Gross Unrealized Losses - Total $ (122) $ (145)
[1] In securities lending transactions, the Company receives collateral in excess of the fair value of the securities pledged. For purposes of this table, the Company has excluded the collateral received under securities lending, at fair value and included the securities pledged under securities lending, at fair value. See “—Securities Lending Agreements.”