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INVESTMENT OPERATIONS (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net realized gains (losses) for all other investments        
Fixed maturities $ 22,244,000 $ 10,546,000 $ 49,812,000 $ 42,136,000
Equity securities       2,367,000
Impairments on fixed maturity securities (2,354,000) (7,421,000) (5,405,000) (13,918,000)
Impairments on equity securities   (1,260,000)   (3,347,000)
Modco trading portfolio (17,225,000) (25,960,000) 110,067,000 (167,982,000)
Other investments (5,135,000) (3,854,000) (7,383,000) (10,262,000)
Total realized gains (losses) - investments (2,470,000) (27,949,000) 147,091,000 (151,006,000)
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments) 22,500,000 11,700,000 50,600,000 48,500,000
Gross realized losses 2,500,000 9,600,000 5,900,000 20,600,000
Impairment losses on investments available-for-sale 2,300,000 8,500,000 5,100,000 16,700,000
Fair value (proceeds) of securities in an unrealized gain position sold 494,000,000 332,100,000 1,100,000,000 1,100,000,000
Gain realized on the sale of securities in an unrealized gain position 22,500,000 11,700,000 50,600,000 48,500,000
Fair value (proceeds) of securities sold in an unrealized loss position 2,300,000 7,000,000 6,700,000 64,200,000
Losses realized on the sale of securities in an unrealized loss position $ 300,000 $ 1,100,000 $ 800,000 $ 4,000,000