Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2012

Comprehensive Income Loss Note [Abstract]

		Before		Tax		Net of
		Tax		(Benefit)		Tax
(U.S. dollars in thousands)		Amount		Expense		Amount
Year Ended December 31, 2012:
Unrealized gains on investments:
	Unrealized gains (losses) arising during year	$	985,543	$	(7,348)	$	992,891
	Less reclassifications for (losses) realized in income		14,098		(24,137)		38,235
Net unrealized gains (losses) on investments		$	971,445		16,789		954,656
Change in value cash flow hedge			439		-		439
Change in underfunded pension liability			(9,985)		-		(9,985)
Foreign currency translation adjustments			(6,448)		1,715		(8,163)
Change in accumulated other comprehensive income		$	955,451	$	18,504	$	936,947

Year Ended December 31, 2011:
Unrealized gains on investments:
	Unrealized gains (losses) arising during year	$	384,495	$	51,775	$	332,720
	Less reclassifications for (losses) realized in income		(188,359)		(9,927)		(178,432)
Net unrealized gains (losses) on investments		$	572,854		61,702		511,152
Change in value cash flow hedge			439		-		439
Change in underfunded pension liability			(2,622)		-		(2,622)
Foreign currency translation adjustments			(25,598)		1,102		(26,700)
Change in accumulated other comprehensive income		$	545,073	$	62,804	$	482,269

Year Ended December 31, 2010:
Unrealized gains on investments:
	Unrealized gains (losses) arising during year	$	968,891	$	36,122	$	932,769
	Less reclassifications for (losses) realized in income		(270,803)		(5,369)		(265,434)
Net unrealized gains (losses) on investments		$	1,239,694		41,491		1,198,203
Change in value cash flow hedge			439		-		439
Change in net unrealized gain on future policy benefit reserves			(3,714)		-		(3,714)
Change in underfunded pension liability			(2,619)		-		(2,619)
Foreign currency translation adjustments			54,641		3,688		50,953
Change in accumulated other comprehensive income		$	1,288,441	$	45,179	$	1,243,262

Components of acculumated other comprehensive income (loss)

(U.S. dollars in thousands)	2012		2011		2010
Accumulated unrealized gains (losses) on investments, net of tax	$	1,597,823		710,447		238,751
OTTI losses recognized in other comprehensive income, net of tax		(121,371)		(188,651)		(228,107)
Accumulated foreign currency translation		69,391		77,554		104,254
Accumulated underfunded pension liability		(27,506)		(17,521)		(14,899)
Accumulated cash flow hedge		1,674		1,235		796
Total	$	1,520,011	$	583,064	$	100,795

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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