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INVESTMENTS (Detail) - Analysis of net realized gains (losses) and the change in unrealized (losses) gains on investments (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Fixed maturities, short-term investments, cash and cash equivalents:      
Net realized (losses) on investments $ (188,359) $ (270,803) $ (921,437)
Net realized and unrealized (losses) on investment related derivative instruments (22,981) (16,321) (29,709)
Net realized (losses) on investments and net realized and unrealized (losses) on investment related derivative instruments (211,340) (287,124) (951,146)
Fixed maturities and short-term investments, available for sale 598,542 1,095,762 2,112,244
Fixed maturities, held to maturity 212,419 30,039 (15,748)
Equity securities (40,518) 22,595 (18,619)
Affiliates and other investments 25,268 44,314 14,464
Net change in unrealized gains (losses) on investments 795,711 1,192,710 2,092,341
Total net realized (losses) on investments, net realized and unrealized (losses) on investment related derivative instruments, and net change in unrealized gains (losses) on investments 584,371 905,586 1,141,195
Reinsurance Segment [Member]
     
Fixed maturities, short-term investments, cash and cash equivalents:      
Realized loss on sale of U.S. life reinsurance business 0 0 (10,923)
Fixed Maturities And Short Term Investments And Cash And Cash Equivalents [Member]
     
Fixed maturities, short-term investments, cash and cash equivalents:      
Gross realized gains 185,530 133,521 349,629
Gross realized losses (225,360) (193,396) (405,342)
OTTI on investments, net of amounts transferred to other comprehensive income (159,435) (197,377) (811,572)
Net realized gains (losses) (199,265) (257,252) (867,285)
Equity Securities [Member]
     
Fixed maturities, short-term investments, cash and cash equivalents:      
Gross realized gains 2,194 11,605 65,289
Gross realized losses (4,264) (11,195) (129,516)
OTTI on investments, net of amounts transferred to other comprehensive income 0 0 0
Net realized gains (losses) (2,070) 410 (64,227)
Other Investments Securities [Member]
     
Fixed maturities, short-term investments, cash and cash equivalents:      
Gross realized gains 18,505 4,889 27,647
Gross realized losses (4,792) (11,094) (5,763)
OTTI on investments, net of amounts transferred to other comprehensive income (737) (7,756) (886)
Net realized gains (losses) $ 12,976 $ (13,961) $ 20,998