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Summary Of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Summary Of Significant Accounting Policies [Abstract]  
Summary Of Reinsurance Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

For the Three Months Ended June 30,

 

For the Six Months Ended June 30,

 

2013

 

2012

 

2013

 

2012

Net assumed written premiums

$

14.1 

 

$

12.0 

 

$

30.4 

 

$

28.3 

Net premiums earned

 

12.9 

 

 

12.0 

 

 

24.9 

 

 

22.8 

Provision for claims

 

10.5 

 

 

9.0 

 

 

19.5 

 

 

17.6 

Amortization of capitalized acquisition costs

 

0.3 

 

 

0.3 

 

 

0.6 

 

 

0.6 

 

Schedule Of Trust Assets And Reinsurance Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

As of

 

 

Balance Sheet location

 

June 30, 2013

 

December 31, 2012

Trust assets

 

Restricted cash and cash equivalents

 

$

5.1 

 

$

2.2 

Trust assets

 

Restricted securities available for sale

 

 

47.5 

 

 

46.1 

Unearned premium

 

Accounts payable and accrued liabilities

 

 

41.2 

 

 

35.7 

Claims reserve (1)

 

Accounts payable and accrued liabilities

 

 

1.7 

 

 

1.4 

 

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

Summary Of Restricted Cash And Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

As of

 

June 30, 2013

 

December 31, 2012

Cash related to secured financings

$

111.8 

 

$

90.2 

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

 

5.1 

 

 

2.2 

Total restricted cash and cash equivalents

$

116.9 

 

$

92.4 

 

(1) The unearned premium and claims reserve associated with the trusts are included in accounts payable and accrued liabilities in the consolidated balance sheets.