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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2013
Comprehensive Income Loss Note [Abstract]  
Components of acculumated other comprehensive income (loss)
The changes in AOCI, net of tax, by component for the year ended December 31, 2013 are as follows:
(U.S. dollars in thousands)
Unrealized Gains (Losses) on Investments (1)
 
OTTI Losses Recognized in AOCI
 
Foreign Currency Translation Adjustments
 
Underfunded Pension Liability
 
Cash Flow Hedge
 
Total
Balance, net of tax, December 31, 2010
$
238,751

 
$
(228,107
)
 
$
104,254

 
$
(14,899
)
 
$
796

 
$
100,795

OCI before reclassifications
384,495

 
—

 
(49,067
)
 
(2,995
)
 
—

 
332,433

Amounts reclassified from AOCI
146,188

 
42,171

 
23,469

 
373

 
440

 
212,641

Tax (benefit) expense
(58,987
)
 
(2,715
)
 
(1,102
)
 
—

 
—

 
(62,804
)
Net current period OCI - net of tax
$
471,696

 
$
39,456

 
$
(26,700
)
 
$
(2,622
)
 
$
440

 
$
482,270

Balance, net of tax, December 31, 2011
$
710,447

 
$
(188,651
)
 
$
77,554

 
$
(17,521
)
 
$
1,236

 
$
583,065

OCI before reclassifications
985,553

 
—

 
(6,798
)
 
(14,258
)
 
—

 
964,497

Amounts reclassified from AOCI
(81,679
)
 
67,580

 
350

 
4,273

 
438

 
(9,038
)
Tax (benefit) expense
(16,489
)
 
(300
)
 
(1,715
)
 
—

 
—

 
(18,504
)
Net current period OCI - net of tax
$
887,385

 
$
67,280

 
$
(8,163
)
 
$
(9,985
)
 
$
438

 
$
936,955

Balance, net of tax, December 31, 2012
$
1,597,832

 
$
(121,371
)
 
$
69,391

 
$
(27,506
)
 
$
1,674

 
$
1,520,020

OCI before reclassifications (1)
(742,767
)
 
—

 
(62,932
)
 
9,722

 
—

 
(795,977
)
Amounts reclassified from AOCI
(119,970
)
 
32,193

 
206

 
1,440

 
439

 
(85,692
)
Tax (benefit) expense
90,450

 
(12
)
 
7,868

 
—

 
—

 
98,306

Net current period OCI - net of tax
$
(772,287
)
 
$
32,181

 
$
(54,858
)
 
$
11,162

 
$
439

 
$
(783,363
)
Balance, net of tax, December 31, 2013
$
825,545

 
$
(89,190
)
 
$
14,533

 
$
(16,344
)
 
$
2,113

 
$
736,657

____________
(1)
Amounts are net of cumulative adjustments recorded to the value of future policy benefit reserves of $44.7 million. These amounts were recorded during the year ended December 31, 2013.
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The reclassifications out of AOCI along with the associated income statement line items affected by component, and the total related tax (expense) benefit for year ended December 31, 2013 are as follows:
Gross Amount Reclassified From AOCI
Details About AOCI Components
(U.S. dollars in thousands)
2013
 
Affected Line Item in the Statement of Income
Unrealized gains and losses on investments:
 
 
 
 
$
(130,236
)
 
Net realized gains (losses) on investments sold
 
10,266

 
OTTI on investments
 
$
(119,970
)
 
Total before tax
 
5,183

 
Provision (benefit) for income tax
 
$
(114,787
)
 
Net of tax
OTTI losses recognized in OCI:
 
 
 
 
$
26,160

 
Net realized gains (losses) on investments sold
 
6,033

 
OTTI on investments transferred to (from) OCI
 
$
32,193

 
Total before tax
 
(12
)
 
Provision (benefit) for income tax
 
$
32,181

 
Net of tax
Foreign Currency Translation:
 
 
 
   Sale of foreign investment fund affiliate
$
206

 
Exchange gains (losses) - before tax
 
—

 
Provision (benefit) for income tax
 
$
206

 
Net of tax
 
 
 
 
Underfunded Pension Liability:
 
 
 
Pension expense
$
1,440

 
Operating Expenses
 
—

 
Provision (benefit) for income tax
 
$
1,440

 
Net of tax
 
 
 
 
Gains and losses on cash flow hedges:
 
 
 
     Interest rate contracts
$
439

 
Interest Expense
 
—

 
Provision (benefit) for income tax
 
$
439

 
Net of tax
 
 
 
 
Total reclassifications for the period, gross of tax
$
(85,692
)
 
 
Tax (benefit) expense
5,171

 
 
Total reclassifications for the period, net of tax
$
(80,521
)