Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 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
March 31, 2013
Futures contracts	$	638	$	(175	)	$	463		$	311,532
Foreign currency forward contracts	2,598		(4,617		)	(2,019		)	542,136
TBAs	432,730		(290,526		)	142,204			684,500
Other	2,027		(1,047		)	980			287,716
Total	$	437,993	$	(296,365	)	$	141,628
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
Derivatives not designated as	March 31,
hedging instruments	2013			2012
Futures contracts	$	(829	)	$	(2,021	)
Foreign currency forward contracts	(725		)	(1,881		)
TBAs	541			323
Other	635			(1,090		)
Total	$	(378	)	$	(4,669	)