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Summary Of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Summary Of Significant Accounting Policies [Abstract]  
Summary Of Restricted Cash And Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

As of

 

March 31, 2014

 

December 31, 2013

Cash related to secured financings

$

144.0 

 

$

110.1 

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

 

2.6 

 

 

1.2 

Total restricted cash and cash equivalents

$

146.6 

 

$

111.3 

 

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

Summary Of Reinsurance Activity

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

For the Three Months Ended March 31,

 

2014

 

2013

Net assumed written premiums

$

14.7 

 

$

16.3 

Net premiums earned

 

13.2 

 

 

12.0 

Provision for claims

 

11.0 

 

 

9.0 

Amortization of capitalized acquisition costs

 

0.3 

 

 

0.3 

 

Schedule Of Trust Assets And Reinsurance Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

As of

 

 

Balance Sheet location

 

March 31, 2014

 

December 31, 2013

Trust assets

 

Restricted cash and cash equivalents

 

$

2.6 

 

$

1.2 

Trust assets

 

Restricted securities available for sale

 

 

52.3 

 

 

53.6 

Unearned premium

 

Accounts payable and accrued liabilities

 

 

43.9 

 

 

42.4 

Claims reserve (1)

 

Accounts payable and accrued liabilities

 

 

1.8 

 

 

1.7 

 

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