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INVESTMENT OPERATIONS (Details) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net realized gains (losses) for all other investments    
Fixed maturities $ 7,370,000 $ 12,298,000
Equity securities   1,000
Impairments on fixed maturity securities (1,591,000) (3,587,000)
Impairments on equity securities   (997,000)
Modco trading portfolio 66,303,000 (15,328,000)
Other investments (1,527,000) (1,217,000)
Total realized gains (losses) - investments 70,555,000 (8,830,000)
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments) 7,600,000 12,900,000
Gross realized losses 1,800,000 4,900,000
Impairment losses on investments available-for-sale 1,600,000 4,400,000
Fair value (proceeds) of securities in an unrealized gain position sold 264,700,000 387,900,000
Gain realized on the sale of securities in an unrealized gain position 7,600,000 12,900,000
Fair value (proceeds) of securities sold in an unrealized loss position 2,700,000 4,000,000
Loss realized on the sale of securities in an unrealized loss position $ 300,000 $ 600,000