Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value Measurement

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis Valuation Techniques

	June 30, 2011
	Level 1		Level 2		Level 3		Total
	(Amounts in thousands)
Assets
Fixed maturity securities:
U.S. government bonds and agencies	$	13,887	$	0	$	0	$	13,887
Municipal securities		0		2,355,028		0		2,355,028
Mortgage-backed securities		0		45,006		0		45,006
Corporate securities		0		87,319		0		87,319
Collateralized debt obligations		0		0		55,724		55,724
Equity securities:
Common stock:
Public utilities		29,873		0		0		29,873
Banks, trusts and insurance companies		17,821		0		0		17,821
Industrial and other		362,041		0		0		362,041
Non-redeemable preferred stock		0		12,232		0		12,232
Short-term bonds		0		11,966		0		11,966
Money market instruments		126,070		0		0		126,070
Equity contracts		635		0		0		635
Interest rate swap agreements		0		902		0		902
Total assets at fair value	$	550,327	$	2,512,453	$	55,724	$	3,118,504
Liabilities
Equity contracts	$	2,049	$	0	$	0	$	2,049
Interest rate swap agreements		0		2,010		0		2,010
Total liabilities at fair value	$	2,049	$	2,010	$	0	$	4,059

	December 31, 2010
	Level 1		Level 2		Level 3		Total
	(Amounts in thousands)
Assets
Fixed maturity securities:
U.S. government bonds and agencies	$	8,805	$	0	$	0	$	8,805
Municipal securities		0		2,433,589		1,624		2,435,213
Mortgage-backed securities		0		57,367		0		57,367
Corporate securities		0		95,203		0		95,203
Collateralized debt obligations		0		0		55,692		55,692
Equity securities:
Common stock:
Public utilities		27,214		0		0		27,214
Banks, trusts and insurance companies		20,521		0		0		20,521
Industrial and other		302,103		0		0		302,103
Non-redeemable preferred stock		0		9,768		0		9,768
Short-term bonds		0		17,043		0		17,043
Money market instruments		126,328		0		0		126,328
Interest rate swap agreements		0		4,240		0		4,240
Total assets at fair value	$	484,971	$	2,617,210	$	57,316	$	3,159,497
Liabilities
Equity contracts	$	2,776	$	0	$	0	$	2,776
Interest rate swap agreements		0		3,042		0		3,042
Total liabilities at fair value	$	2,776	$	3,042	$	0	$	5,818

Schedule Of Changes In Fair Value Of Level 3 Financial Assets And Liabilities Held At Fair Value

	Three Months Ended June 30,
	2011						2010
	Municipal Securities			Collateralized Debt Obligations			Municipal Securities			Collateralized Debt Obligations
	(Amounts in thousands)
Beginning Balance	$	0		$	58,408		$	1,797		$	54,531
Realized losses included in earnings		0			(2,684	)		(440	)		(2,355	)
Purchase		0			0			0			0
Sales		0			0			0			0
Issuances		0			0			0			0
Settlements		0			0			0			(4,591	)
Ending Balance	$	0		$	55,724		$	1,357		$	47,585
The amount of total losses for the period included in earnings attributable to assets still held at June 30	$	0		$	(2,684	)	$	(440	)	$	(2,355	)
	Six Months Ended June 30,
	2011						2010
	Municipal Securities			Collateralized Debt Obligations			Municipal Securities			Collateralized Debt Obligations
	(Amounts in thousands)
Beginning Balance	$	1,624		$	55,692		$	3,322		$	47,473
Realized gains (losses) included in earnings		39			32			(375	)		4,703
Purchase		0			0			0			0
Sales		(1,663	)		0			(1,590	)		0
Issuances		0			0			0			0
Settlements		0			0			0			(4,591	)
Ending Balance	$	0		$	55,724		$	1,357		$	47,585
The amount of total gains (losses) for the period included in earnings attributable to assets still held at June 30	$	0		$	32		$	(351	)	$	4,703