XML 28 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Valuation (Fair Value Measurement Using Significant Unobservable Inputs) (Details) (Level 3 [Member], USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance $ 599,914,000 $ 504,861,000 $ 443,539,000
Assets, Accreted Discounts/Amortized Premiums 20,122,000 20,276,000 15,455,000
Assets, Realized Gain (Loss) 44,351,000 22,223,000 28,433,000
Assets, Change In Net Unrealized Gain/(Loss) 20,067,000 72,094,000 (54,734,000)
Assets, Purchases 661,133,000 454,993,000 390,471,000
Assets, Sales (588,653,000) (474,533,000) (318,303,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 756,934,000 599,914,000 504,861,000
Liabilities, Begining Balance (1,336,000) 0  
Liabilities, Accreted Discounts/Amortized Premiums (38,000) (55,000)  
Liabilities, Realized Gain/(Loss) (78,000) (79,000)  
Liabilities, Change In Net Unrealized Gain/(Loss) (329,000) (24,000)  
Liabilities Purchases/Payments 370,000 265,000  
Liabilities, Sales/Issuance 78,000 (1,443,000)  
Liabilities, Transfers In and/or Out of Level 3 0 0  
Liabilities, Ending Balance (1,333,000) (1,336,000) 0
Change in net unrealized gain (loss) on investments 27,000,000 52,400,000 (39,600,000)
Change in net unrealized gain (loss) in financial derivative assets (8,400,000) (10,800,000) (14,200,000)
Change in net unrealized Gain (Loss) on financial derivative liabilities (300,000) (1,000)  
Change in net unrealized gain (loss) in securitized debt 20,000 (23,000)  
Securitized Debt [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Liabilities, Begining Balance (1,335,000) 0  
Liabilities, Accreted Discounts/Amortized Premiums (38,000) (55,000)  
Liabilities, Realized Gain/(Loss) 0 0  
Liabilities, Change In Net Unrealized Gain/(Loss) 20,000 (23,000)  
Liabilities, Payments 370,000 265,000  
Liabilities, Issuances 0 (1,522,000)  
Liabilities, Transfers In and/or Out of Level 3 0 0  
Liabilities, Ending Balance (983,000) (1,335,000)  
Investments [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 563,883,000 443,363,000 340,689,000
Assets, Accreted Discounts/Amortized Premiums 20,122,000 20,276,000 15,455,000
Assets, Realized Gain (Loss) 47,177,000 23,387,000 18,464,000
Assets, Change In Net Unrealized Gain/(Loss) 18,997,000 68,876,000 (49,013,000)
Assets, Purchases 660,929,000 444,153,000 384,529,000
Assets, Sales (570,820,000) (436,172,000) (266,761,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 740,288,000 563,883,000 443,363,000
Investments [Member] | Agency residential mortgage-backed securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 6,644,000 5,337,000 0
Assets, Accreted Discounts/Amortized Premiums (5,929,000) (2,277,000) (1,457,000)
Assets, Realized Gain (Loss) 833,000 111,000 97,000
Assets, Change In Net Unrealized Gain/(Loss) 3,323,000 (568,000) (2,078,000)
Assets, Purchases 42,051,000 5,201,000 9,930,000
Assets, Sales (6,418,000) (1,160,000) (1,155,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 40,504,000 6,644,000 5,337,000
Investments [Member] | Private Label Residential Mortgage-Backed Securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 528,366,000 417,533,000 338,839,000
Assets, Accreted Discounts/Amortized Premiums 26,119,000 21,896,000 16,259,000
Assets, Realized Gain (Loss) 43,823,000 15,657,000 17,246,000
Assets, Change In Net Unrealized Gain/(Loss) 12,643,000 69,286,000 (43,559,000)
Assets, Purchases 425,864,000 323,554,000 342,360,000
Assets, Sales (456,043,000) (319,560,000) (253,612,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 580,772,000 528,366,000 417,533,000
Investments [Member] | Private Label Commercial Mortgage-Backed Securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 19,327,000 16,093,000 1,850,000
Assets, Accreted Discounts/Amortized Premiums 402,000 570,000 539,000
Assets, Realized Gain (Loss) 1,030,000 7,619,000 1,121,000
Assets, Change In Net Unrealized Gain/(Loss) 3,069,000 (255,000) (2,987,000)
Assets, Purchases 92,929,000 110,752,000 27,564,000
Assets, Sales (83,763,000) (115,452,000) (11,994,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 32,994,000 19,327,000 16,093,000
Investments [Member] | Commercial Mortgage Loans [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 9,546,000 4,400,000 0
Assets, Accreted Discounts/Amortized Premiums 171,000 87,000 114,000
Assets, Realized Gain (Loss) 844,000 0 0
Assets, Change In Net Unrealized Gain/(Loss) 652,000 413,000 (389,000)
Assets, Purchases 19,587,000 4,646,000 4,675,000
Assets, Sales (6,913,000) 0 0
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 23,887,000 9,546,000 4,400,000
Investments [Member] | Residential Mortgage Loans [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 0    
Assets, Accreted Discounts/Amortized Premiums 0    
Assets, Realized Gain (Loss) 0    
Assets, Change In Net Unrealized Gain/(Loss) 0    
Assets, Purchases 24,062,000    
Assets, Sales 0    
Assets, Transfers In and/or Out of Level 3 0    
Assets, Ending Balance 24,062,000    
Investments [Member] | Asset-backed Securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 0    
Assets, Accreted Discounts/Amortized Premiums (641,000)    
Assets, Realized Gain (Loss) 647,000    
Assets, Change In Net Unrealized Gain/(Loss) (690,000)    
Assets, Purchases 56,436,000    
Assets, Sales (17,683,000)    
Assets, Transfers In and/or Out of Level 3 0    
Assets, Ending Balance 38,069,000    
Financial Derivatives - Assets [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 36,031,000 61,498,000 102,850,000
Assets, Accreted Discounts/Amortized Premiums 0 0 0
Assets, Realized Gain (Loss) (2,826,000) (1,164,000) 9,969,000
Assets, Change In Net Unrealized Gain/(Loss) 1,070,000 3,218,000 (5,721,000)
Assets, Purchases 204,000 10,840,000 5,942,000
Assets, Sales (17,833,000) (38,361,000) (51,542,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 16,646,000 36,031,000 61,498,000
Financial Derivatives - Assets [Member] | Credit Default Swaps On Asset Backed Securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Assets, Beginning Balance 36,031,000 61,498,000 102,850,000
Assets, Accreted Discounts/Amortized Premiums 0 0 0
Assets, Realized Gain (Loss) (2,826,000) (1,164,000) 9,969,000
Assets, Change In Net Unrealized Gain/(Loss) 1,070,000 3,218,000 (5,721,000)
Assets, Purchases 204,000 10,840,000 5,942,000
Assets, Sales (17,833,000) (38,361,000) (51,542,000)
Assets, Transfers In and/or Out of Level 3 0 0 0
Assets, Ending Balance 16,646,000 36,031,000 61,498,000
Derivative Financial Instruments, Liabilities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Liabilities, Begining Balance (1,000) 0  
Liabilities, Accreted Discounts/Amortized Premiums 0 0  
Liabilities, Realized Gain/(Loss) (78,000) (79,000)  
Liabilities, Change In Net Unrealized Gain/(Loss) (349,000) (1,000)  
Liabilities, Purchases 0 0  
Liabilities, Sales 78,000 79,000  
Liabilities, Transfers In and/or Out of Level 3 0 0  
Liabilities, Ending Balance (350,000) (1,000)  
Derivative Financial Instruments, Liabilities [Member] | Credit Default Swaps On Asset Backed Securities [Member]
     
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Liabilities, Begining Balance (1,000) 0  
Liabilities, Accreted Discounts/Amortized Premiums 0 0  
Liabilities, Realized Gain/(Loss) (78,000) (79,000)  
Liabilities, Change In Net Unrealized Gain/(Loss) (349,000) (1,000)  
Liabilities, Purchases 0 0  
Liabilities, Sales 78,000 79,000  
Liabilities, Transfers In and/or Out of Level 3 0 0  
Liabilities, Ending Balance $ (350,000) $ (1,000)