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Investments (Tables)

12 Months Ended

Dec. 31, 2011

Gains And Losses Due To Changes In Fair Value


	Year Ended December 31,
	2011			2010			2009
	(Amounts in thousands)
Fixed maturity securities	$	62,149		$	967		$	261,866
Equity securities		(30,879	)		45,659			133,580
Short-term investments		19			(46	)		36

Total	$	31,289		$	46,580		$	395,482

Net Realized Investment Gains


	Year Ended December 31,
	2011			2010		2009
	(Amounts in thousands)
Net realized gains from investments and other liabilities:
Fixed maturities	$	54,112		$	5,909	$	255,195
Equity securities		(4,854	)		46,547		83,452
Short-term investments		139			18		76
Option and short sale transactions		9,000			4,615		7,721

Total	$	58,397		$	57,089	$	346,444

Gross Gains And Losses Realized On Sales Of Investments


	Year Ended December 31,
	2011								2010							2009
	(Amounts in thousands)
	Gross Realized Gains		Gross Realized Losses			Net			Gross Realized Gains		Gross Realized Losses			Net		Gross Realized Gains		Gross Realized Losses			Net
Fixed maturities	$	2,675	$	(10,712	)	$	(8,037	)	$	8,754	$	(3,812	)	$	4,942	$	1,918	$	(8,589	)	$	(6,671	)
Equity securities		41,872		(15,847	)		26,025			16,793		(15,905	)		888		20,558		(70,686	)		(50,128	)
Short-term investments		120		0			120			64		0			64		356		(3,902	)		(3,546	)

Estimated Fair Values Of Investments


	Estimated Fair Value
	(Amounts in thousands)
Fixed maturities:
Due in one year or less	$	30,756
Due after one year through five years		370,609
Due after five years through ten years		556,519
Due after ten years		1,450,334
Mortgage-backed securities		37,371

Total	$	2,445,589

Investment Income


	Year Ended December 31,
	2011		2010		2009
	(Amounts in thousands)
Fixed maturities	$	130,895	$	136,345	$	137,607
Equity securities		10,869		8,435		8,558
Short-term investments		1,747		1,413		1,082

Total investment income	$	143,511	$	146,193	$	147,247
Less: Investment expense		2,564		2,379		2,298

Net investment income	$	140,947	$	143,814	$	144,949

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 9

-Subparagraph (c)-(e)

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 12

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 5.M)

-URI http://asc.fasb.org/extlink&oid=6784337&loc=d3e87990-122713

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 21

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 5

-Section M

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 7, 13, 16, 22

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 25

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6379932&loc=d3e22054-111558

+ Details

- Definition

Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized.

+ References+ Details