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Pledged Investments	3 Months Ended
Mar. 31, 2012
Pledged Investments	6. Pledged Investments We have pledged certain of our securities for the benefit of various state insurance departments and reinsurers. These securities are included with our available-for-sale debt securities because we have the ability to trade these securities. We retain the interest earned on these securities. These securities had a carrying value of $29.2 million and $27.5 million at March 31, 2012 and December 31, 2011, respectively.

Pledged Investments

3 Months Ended

Mar. 31, 2012

6. Pledged Investments

We have pledged certain of our securities for the benefit of various state insurance departments and reinsurers. These securities are included with our available-for-sale debt securities because we have the ability to trade these securities. We retain the interest earned on these securities. These securities had a carrying value of $29.2 million and $27.5 million at March 31, 2012 and December 31, 2011, respectively.