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Taxation - Components of deferred tax assets and liabilities (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Deferred tax assets:    
Net unpaid loss reserve discount $ 105,511 $ 108,285
Unearned premium 69,811 70,071
Compensation liabilities 62,710 56,245
Net operating loss 89,233 83,061
Investment adjustments 12,573 12,927
Pension 5,695 11,976
Bad debt reserve 7,337 14,901
Amortizable goodwill 7,976 8,958
Net unrealized depreciation on investments 9,984 38,652
Stock options 12,171 13,035
Depreciation 3,501 1,910
Net realized capital losses 140,993 98,971
Deferred intercompany capital losses 69,500 97,566
Untaxed Lloyd's result 2,533 0
Other 9,638 9,392
Deferred tax asset, gross of valuation allowance 609,166 625,950
Valuation allowance 261,924 297,637
Deferred tax asset, net of valuation allowance 347,242 328,313
Deferred tax liabilities:    
Net unrealized appreciation on investments 28,843 106,520
Unremitted earnings 6,717 0
Deferred acquisition costs 7,057 16,135
Currency translation adjustments 7,195 11,225
Regulatory reserves 131,750 146,101
Investment adjustment 6,112 0
Untaxed Lloyd's result 0 10,155
Other 8,014 13,837
Deferred tax liability 195,688 303,973
Net deferred tax assets $ 151,554 $ 24,340