XML 48 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Summary Of Significant Accounting Policies [Abstract]  
Summarizes Of Restricted Cash And Cash Equivalents

 

 

 

 

 

 

 

 

 

 

(In millions)

 

As of December 31,

 

   

 

2012

 

 

2011

 

 Cash related to secured financings

 

$

90.2 

 

 

$

62.5 

 

 Cash held in trusts for future vehicle service contract claims (1)

 

 

2.2 

 

 

 

42.2 

 

 Total restricted cash and cash equivalents

 

$

92.4 

 

 

$

104.7 

 

 

(1)  The unearned premium and claims reserve associated with the trusts are included in accounts payable and accrued liabilities in the consolidated balance sheets.  As of December 31, 2012, the outstanding cash balance includes $2.2 million related to VSC Re.  As of December 31, 2011, the outstanding cash balance includes $42.1 million related to VSC Re and $0.1 million related to a discontinued profit sharing arrangement.

Summary Of Reinsurance Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

For the Years Ended December 31,

 

   

 

2012

 

 

2011

 

 

2010

 

 Net assumed written premiums

 

$

50.5 

 

 

$

47.6 

 

 

$

34.5 

 

 Net premiums earned

 

 

47.1 

 

 

 

40.0 

 

 

 

32.7 

 

 Provision for claims

 

 

34.8 

 

 

 

30.4 

 

 

 

23.4 

 

 Amortization of capitalized acquisition costs

 

 

1.3 

 

 

 

1.0 

 

 

 

0.8 

 

 

Schedule Of Trust Assets And Reinsurance Liabilities

 

 

 

 

 

 

 

 

 

 

 

(In millions)

   

 

As of December 31,

 

   

 Balance Sheet location

 

2012

 

 

2011

 

 Trust assets

 Restricted cash and cash equivalents

 

$

2.2 

 

 

$

42.1 

 

 Trust assets

 Restricted securities available for sale

 

 

46.1 

 

 

 

-

 

 Unearned premium

 Accounts payable and accrued liabilities

 

 

35.7 

 

 

 

32.3 

 

 Claims reserve (1)

 Accounts payable and accrued liabilities

 

 

1.4 

 

 

 

1.3 

 

 

 

(1) The claims reserve is estimated based on historical claims experience.

Schedule Of Other Income

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

For the Years Ended December 31,

 

   

 

2012

 

 

2011

 

 

2010

 

 Dealer support products and services

 

$

8.0 

 

 

$

7.3 

 

 

$

7.2 

 

 Vendor fees

 

 

7.8 

 

 

 

4.2 

 

 

 

5.8 

 

 Dealer enrollment fees

 

 

4.0 

 

 

 

3.5 

 

 

 

2.7 

 

 Ancillary product profit sharing income

 

 

3.4 

 

 

 

7.8 

 

 

 

4.1 

 

 Other

 

 

0.7 

 

 

 

1.8 

 

 

 

1.6 

 

 Total

 

$

23.9 

 

 

$

24.6 

 

 

$

21.4