XML 27 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments - Contractual maturities of available for sale securities and held to maturity income securities (Details) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Fixed Maturities - AFS    
Due less than one year, amortized cost $ 2,105,725 [1] $ 1,939,803 [1]
Due less than one year, fair value 2,121,331 [1] 1,952,250 [1]
Due after 1 through 5 years, amortized cost 9,337,994 [1] 8,521,090 [1]
Due after 1 through 5 years, fair value 9,589,870 [1] 8,877,512 [1]
Due after 5 through 10 years, amortized cost 5,434,814 [1] 4,701,391 [1]
Due after 5 through 10 years, fair value 5,516,467 [1] 5,065,158 [1]
Due after 10 years, amortized cost 2,409,523 [1] 2,427,680 [1]
Due after 10 years, fair value 2,525,129 [1] 2,790,996 [1]
Subtotal - amortized cost 19,288,056 [1] 17,589,964 [1]
Subtotal - fair value 19,752,797 [1] 18,685,916
Mortgage and asset backed securities - amortized cost 7,484,087 [1] 8,954,842 [1]
Mortgage and asset backed securities - fair value 7,529,645 [1] 9,161,004 [1]
Amortized cost of Fixed maturities 26,772,143 26,544,806
Fixed maturities, at fair value 27,282,442 27,846,920
Fixed maturities - HTM    
Due less than one year, amortized cost 68,015 [1] 36,515 [1]
Due less than one year, fair value 69,473 [1] 37,580 [1]
Due after 1 through 5 years, amortized cost 202,799 [1] 195,121 [1]
Due after 1 through 5 years, fair value 215,912 [1] 205,562 [1]
Due after 5 through 10 years, amortized cost 344,228 [1] 377,541 [1]
Due after 5 through 10 years, fair value 374,388 [1] 420,008 [1]
Due after 10 years, amortized cost 1,875,019 [1] 1,886,974 [1]
Due after 10 years, fair value 2,116,165 [1] 2,239,688 [1]
Subtotal - amortized cost 2,490,061 [1] 2,496,151 [1]
Subtotal - fair value 2,775,938 [1] 2,902,838 [1]
Mortgage and asset backed securities - amortized cost 312,050 [1] 318,296 [1]
Mortgage and asset backed securities - fair value 341,002 [1] 359,966 [1]
Fixed maturities, held to maturity 2,802,111 2,814,447
Fair value of held to maturity securities 3,116,940 3,262,804
RMBS - Agency
   
Fixed Maturities - AFS    
Mortgage and asset backed securities - amortized cost 4,032,158 [1] 5,054,097 [1]
Mortgage and asset backed securities - fair value 4,069,082 [1] 5,255,493 [1]
Fixed maturities, at fair value 4,069,082 5,255,493
RMBS - Non-Agency
   
Fixed Maturities - AFS    
Mortgage and asset backed securities - amortized cost 407,789 [1] 678,469 [1]
Mortgage and asset backed securities - fair value 399,399 [1] 647,733 [1]
Fixed maturities, at fair value 399,399 647,733
Fixed maturities - HTM    
Mortgage and asset backed securities - amortized cost 65,542 [1] 83,205 [1]
Mortgage and asset backed securities - fair value 71,122 [1] 93,707 [1]
Fixed maturities, held to maturity 65,542 83,205
Fair value of held to maturity securities 71,122 93,707
CMBS
   
Fixed Maturities - AFS    
Mortgage and asset backed securities - amortized cost 1,166,285 [1] 1,010,794 [1]
Mortgage and asset backed securities - fair value 1,197,881 [1] 1,077,251 [1]
Fixed maturities, at fair value 1,197,881 1,077,251
Fixed maturities - HTM    
Mortgage and asset backed securities - amortized cost 141,884 [1] 12,751 [1]
Mortgage and asset backed securities - fair value 156,182 [1] 14,799 [1]
Fixed maturities, held to maturity 141,884 12,751
Fair value of held to maturity securities 156,182 14,799
CDO
   
Fixed Maturities - AFS    
Mortgage and asset backed securities - amortized cost 754,897 [1] 784,999 [1]
Mortgage and asset backed securities - fair value 712,148 [1] 709,816 [1]
Fixed maturities, at fair value 712,148 709,816
Other asset-backed securities
   
Fixed Maturities - AFS    
Mortgage and asset backed securities - amortized cost 1,122,958 [1] 1,426,483 [1]
Mortgage and asset backed securities - fair value 1,151,135 [1] 1,470,711 [1]
Fixed maturities, at fair value 1,151,135 [2] 1,470,711 [3]
Fixed maturities - HTM    
Mortgage and asset backed securities - amortized cost 104,624 [1] 222,340 [1]
Mortgage and asset backed securities - fair value 113,698 [1] 251,460 [1]
Fixed maturities, held to maturity 104,624 [2] 222,340
Fair value of held to maturity securities $ 113,698 $ 251,460
[1] Included in the table above are Tier One and Upper Tier Two securities, representing committed term debt and hybrid instruments, which are senior to the common and preferred equities of the financial institutions, at their fair value of $271.5 million and $308.5 million at September 30, 2013 and December 31, 2012, respectively. These securities are reflected in the table based on their call date and have net unrealized losses of $8.8 million and $19.1 million at September 30, 2013 and December 31, 2012, respectively.
[2] Covered Bonds within Fixed maturities - AFS with an amortized cost of $531.4 million and a fair value of $560.7 million and Covered Bonds within Fixed maturities - HTM with an amortized cost of $8.3 million and a fair value of $8.3 million are included within Other asset-backed securities to align the Company's classification to market indices.
[3] Covered Bonds within Fixed maturities - AFS with an amortized cost of $605.4 million and a fair value of $647.1 million and Covered Bonds within Fixed maturities - HTM with an amortized cost of $8.4 million