XML 46 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2011
Reinsurance [Abstract]  
Reinsurance, Premiums Written And Earned [Table Text Block]
The effect of reinsurance on net premiums written and earned is as follows:
 
 
Year Ended December 31,
 
(In thousands)
2011
 
2010
2009
 
Net premiums written-insurance:
 
 
 
 
 
 
Direct
$
755,758

 
$
788,321

  
$
790,052

 
Assumed
(11,162
)
 
(6,585
)
 
(207,074
)
(1) 
Ceded
(37,349
)
 
(89,855
)
 
(139,130
)
 
Net premiums written-insurance
$
707,247

 
$
691,881

  
$
443,848

 
Net premiums earned-insurance:
 
 
 
 
 
 
Direct
$
762,428

 
$
891,167

  
$
919,778

 
Assumed
32,337

 
29,063

  
45,749

 
Ceded
(38,740
)
 
(94,497
)
 
(139,626
)
 
Net premiums earned-insurance
$
756,025

 
$
825,733

  
$
825,901

 
Capitve And Smart Home Transactions [Table Text Block]
s.
The following tables present information related to our captive and Smart Home transactions as of the dates indicated:
 
Year Ended December 31,
(In millions)
2011
 
2010
Risk in force ceded under captive reinsurance arrangements
$
340.8

 
$
420.6

Ceded losses recoverable related to captives
90.1

 
151.7

Ceded losses recoverable related to Smart Home
67.9

 
93.2


Approximately 25.6% of our total ceded losses recoverable at December 31, 2011, were related to two captive reinsurers.
 
Year Ended December 31,
(In millions)
2011
 
2010
 
2009
Ceded premiums written related to captives
$
28.6

 
$
80.1

 
$
128.3

Ceded premiums earned related to captives
28.8

 
83.4

 
129.8

Ceded premiums written related to Smart Home
8.8

 
9.8

 
10.9

Ceded premiums earned related to Smart Home
8.8

 
9.8

 
10.9

Ceded recoveries, excluding amounts received upon terminations of captive reinsurance transactions
84.5

 
134.7

 
31.3