Sale of Life Reinsurance Subsidiary (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

The impact of the Life Retro Arrangements on the Company's results from the completion of the transaction on May 30, 2014 through June 30, 2014 were as follows:



Impact of Life Retro Arrangements	May 30 to June 30
(U.S. dollars in thousands)	2014
Underwriting profit (loss)	$	—
Net investment income - Life Funds Withheld Assets	19,165
Net realized gains (losses) on investments sold - Life Funds Withheld Assets	624
OTTI on investments - Life Funds Withheld Assets	(8,771		)
Other income and expenses	(19		)
Net realized and unrealized gains (losses) on life retrocession embedded derivative	(17,546		)
Net income (loss)	$	(6,547	)
Change in net unrealized gains (losses) on investments - Life Funds Withheld Assets, net of tax	12,297
Change in cumulative translation adjustment - Life Funds Withheld Assets, net of tax	(5,750		)
Comprehensive income (loss)	$	—

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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