Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information Statement [Abstract]

Segment Information

7.Segment Information

The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies in Note 2 of the consolidated financial statements accompanying the 2011 Annual Report. The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets. Investment income is allocated to the segments based upon average assets and related capital levels deemed appropriate to support the segment business volumes.

The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company's businesses. As a result of the economic capital allocation process, a portion of investment income and investment related gains and losses are credited to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses.Information related to total revenues, income(loss)before income taxes, and total assets of the Company for each reportable segment are summarized below (dollars in thousands).

	Three months ended March 31,
Total revenues:	2012		2011
U.S.	$	1,324,147	$	1,353,226
Canada		275,623		266,527
Europe & South Africa		308,337		281,003
Asia Pacific		359,685		339,514
Corporate and Other		25,183		42,165
Total	$	2,292,975	$	2,282,435

	Three months ended March 31,
Income (loss) before income taxes:	2012		2011
U.S.	$	92,745	$	147,569
Canada		55,063		29,912
Europe & South Africa		6,606		22,535
Asia Pacific		32,067		21,976
Corporate and Other		(5,718)		4,763
Total	$	180,763	$	226,755

Total Assets:	March 31, 2012		December 31, 2011
U.S.	$	19,041,229	$	17,965,559
Canada		3,560,286		3,347,771
Europe & South Africa		1,851,560		1,846,751
Asia Pacific		2,879,894		2,902,101
Corporate and Other		4,953,113		5,571,791
Total	$	32,286,082	$	31,633,973