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INVESTMENTS (Detail) - Analysis of continual unrealized loss position (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Fixed maturities – HTM:    
Less than 12 months Fair Value $ 244,193 $ 1,212,106
Less than 12 month Gross Unrealized Losses (9,322) (24,691) [1]
Equal to or greater than 12 months Fair Value 81,779 0
Equal to or greater than 12 months Gross Unrealized Losses (11,413) [1] 0 [1]
US Government And Government Related [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value 0 1,755
Less than 12 month Gross Unrealized Losses 0 (9) [1]
Equal to or greater than 12 months Fair Value 0 0
Equal to or greater than 12 months Gross Unrealized Losses 0 [1] 0 [1]
Corporate Debt Securities [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value 155,579 764,397
Less than 12 month Gross Unrealized Losses (8,084) (16,325) [1]
Equal to or greater than 12 months Fair Value 62,343 0
Equal to or greater than 12 months Gross Unrealized Losses (6,663) [1] 0 [1]
Residential Mortgage-Backed Securities Non-Agency [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value 9,372  
Less than 12 month Gross Unrealized Losses (32)  
Equal to or greater than 12 months Fair Value 0  
Equal to or greater than 12 months Gross Unrealized Losses 0 [1]  
Other Asset Backed Securities [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value 0 232,673
Less than 12 month Gross Unrealized Losses 0 (1,410) [1]
Equal to or greater than 12 months Fair Value 1,106 0
Equal to or greater than 12 months Gross Unrealized Losses (6) [1] 0 [1]
Non US Sovereign Government Supranational And Government Related [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value 79,242 175,382
Less than 12 month Gross Unrealized Losses (1,206) (6,401) [1]
Equal to or greater than 12 months Fair Value 18,330 0
Equal to or greater than 12 months Gross Unrealized Losses (4,744) [1] 0 [1]
Residential Mortgage-Backed Securities Agency [Member]
   
Fixed maturities – HTM:    
Less than 12 months Fair Value   37,899
Less than 12 month Gross Unrealized Losses   (546) [1]
Equal to or greater than 12 months Fair Value   0
Equal to or greater than 12 months Gross Unrealized Losses   0 [1]
US Government And Government Related [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 289,260 307,082
Less than 12 month Gross Unrealized Losses (332) (25,482) [1]
Equal to or greater than 12 months Fair Value 43,622 117,394
Equal to or greater than 12 months Gross Unrealized Losses (3,984) [1] (10,417) [1]
Corporate Debt Securities [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 1,108,177 [2],[3] 2,271,887 [4],[5]
Less than 12 month Gross Unrealized Losses (42,978) [2],[3] (80,276) [1],[4],[5]
Equal to or greater than 12 months Fair Value 1,200,717 [2],[3] 1,627,083 [4],[5]
Equal to or greater than 12 months Gross Unrealized Losses (246,566) [1],[2],[3] (275,023) [1],[4],[5]
Residential Mortgage-Backed Securities Agency [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 310,318 280,390
Less than 12 month Gross Unrealized Losses (849) (6,736) [1]
Equal to or greater than 12 months Fair Value 36,960 34,186
Equal to or greater than 12 months Gross Unrealized Losses (3,000) [1] (1,913) [1]
Residential Mortgage-Backed Securities Non-Agency [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 106,294 40,052
Less than 12 month Gross Unrealized Losses (31,714) (2,574) [1]
Equal to or greater than 12 months Fair Value 449,138 843,168
Equal to or greater than 12 months Gross Unrealized Losses (197,695) [1] (259,715) [1]
Commercial Mortgage Backed Securities [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 69,109 46,419
Less than 12 month Gross Unrealized Losses (2,716) (2,472) [1]
Equal to or greater than 12 months Fair Value 39,444 69,475
Equal to or greater than 12 months Gross Unrealized Losses (6,837) [1] (15,967) [1]
Collateralized Debt Obligations [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 3,357 2,500
Less than 12 month Gross Unrealized Losses (2,261) (51) [1]
Equal to or greater than 12 months Fair Value 636,362 715,295
Equal to or greater than 12 months Gross Unrealized Losses (189,456) [1] (197,535) [1]
Other Asset Backed Securities [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 197,585 122,548
Less than 12 month Gross Unrealized Losses (2,497) (1,619) [1]
Equal to or greater than 12 months Fair Value 146,130 226,946
Equal to or greater than 12 months Gross Unrealized Losses (25,584) [1] (33,546) [1]
US States and Political Subdivisions Debt Securities [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 25,309 734,893
Less than 12 month Gross Unrealized Losses (199) (30,033) [1]
Equal to or greater than 12 months Fair Value 27,646 40,907
Equal to or greater than 12 months Gross Unrealized Losses (2,021) [1] (5,452) [1]
Non US Sovereign Government Supranational And Government Related [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 265,766 459,686
Less than 12 month Gross Unrealized Losses (4,707) (5,116) [1]
Equal to or greater than 12 months Fair Value 202,890 418,322
Equal to or greater than 12 months Gross Unrealized Losses (13,166) [1] (40,837) [1]
Total Fixed Maturities And Short Term Investments Available For Sale [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 2,375,175 4,265,457
Less than 12 month Gross Unrealized Losses (88,253) (154,359) [1]
Equal to or greater than 12 months Fair Value 2,782,909 4,092,776
Equal to or greater than 12 months Gross Unrealized Losses (688,309) [1] (840,405) [1]
Equity Securities [Member]
   
Fixed maturities and short-term investments - AFS:    
Less than 12 months Fair Value 361,585 [6] 158
Less than 12 month Gross Unrealized Losses (40,435) [6] (53) [1]
Equal to or greater than 12 months Fair Value 0 [6] 0
Equal to or greater than 12 months Gross Unrealized Losses $ 0 [1],[6] $ 0 [1]
[1] On securities impacted by the April 1, 2009 changes to OTTI values, length of time of impairment is measured from the point at which securities returned to a net unrealized loss position (i.e. from April 1, 2009).
[2] Included within Corporate are certain medium term notes supported primarily by pools of European investment grade credit with varying degrees of leverage. The notes, which are in a gross unrealized loss position, have a fair value of $266.0 million and an amortized cost of $297.7 million. These notes allow the investor to participate in cash flows of the underlying bonds including certain residual values, which could serve to either decrease or increase the ultimate values of these notes.
[3] Included within Corporate 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. These securities, which are in a gross unrealized loss position, have a fair value of $386.1 million and an amortized cost of $494.9 million at December 31, 2011.
[4] Included within Corporate are certain medium term notes supported primarily by pools of European credit with varying degrees of leverage. The notes have a fair value of $370.8 million and an amortized cost of $423.9 million. These notes allow the investor to participate in cash flows of the underlying bonds including certain residual values, which could serve to either decrease or increase the ultimate values of these notes.
[5] Included within Corporate are Tier One and Upper Tier Two securities, representing committed term debt and hybrid instruments senior to the common and preferred equities of the financial institutions. These securities have a fair value of $757.8 million and an amortized cost of $883.0 million at December 31, 2010.
[6] Included within equity securities are investments in fixed income funds with a fair value of $91.6 million and an amortized cost of $100.0 million at December 31, 2011.