Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Of Financial Instruments [Abstract]

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis Table Text Block

March 31, 2012:								Fair Value Measurements Using:
						Total		Level 1		Level 2		Level 3
Assets:
	Fixed maturity securities – available-for-sale:
		Corporate securities			$	8,111,454	$	75,329	$	7,058,454	$	977,671
		Canadian and Canadian provincial governments				3,839,340		--		3,839,340		--
		Residential mortgage-backed securities				1,138,228		--		1,083,793		54,435
		Asset-backed securities				414,527		--		268,165		146,362
		Commercial mortgage-backed securities				1,342,421		--		1,223,743		118,678
		U.S. government and agencies securities				279,093		166,724		112,369		--
		State and political subdivision securities				214,004		12,793		195,972		5,239
		Other foreign government supranational and foreign
			government-sponsored enterprises			1,454,990		180,114		1,274,876		--
				Total fixed maturity securities – available-for-sale		16,794,057		434,960		15,056,712		1,302,385
	Funds withheld at interest – embedded derivatives					(370,884)		--		--		(370,884)
	Cash equivalents					349,457		349,457		--		--
	Short-term investments					19,195		10,909		8,286		--
	Other invested assets:
		Non-redeemable preferred stock				80,023		66,024		13,999		--
		Other equity securities				18,005		3,392		2,786		11,827
		Derivatives:
			Interest rate swaps			96,285		--		96,285		--
			Foreign currency forwards			2,482		--		2,482		--
			CPI swaps			1,230		--		1,230		--
			Credit default swaps			(462)		--		(462)		--
			Equity options			69,426		--		69,426		--
		Collateral				41,298		35,623		5,675		--
		Other				13,143		13,143		--		--
				Total other invested assets		321,430		118,182		191,421		11,827
	Reinsurance ceded receivable – embedded derivatives					3,514		--		--		3,514
		Total			$	17,116,769	$	913,508	$	15,256,419	$	946,842

Liabilities:
	Interest sensitive contract liabilities – embedded derivatives				$	903,282	$	--	$	--	$	903,282
	Other liabilities:
		Derivatives:
			Foreign currency swaps			32,861		--		32,861		--
				Total other liabilities		32,861		--		32,861		--
		Total			$	936,143	$	--	$	32,861	$	903,282

December 31, 2011:								Fair Value Measurements Using:
						Total		Level 1		Level 2		Level 3
Assets:
	Fixed maturity securities – available-for-sale:
		Corporate securities			$	7,461,106	$	76,097	$	6,410,840	$	974,169
		Canadian and Canadian provincial governments				3,869,933		--		3,869,933		--
		Residential mortgage-backed securities				1,227,234		--		1,145,579		81,655
		Asset-backed securities				401,991		--		208,499		193,492
		Commercial mortgage-backed securities				1,242,219		--		1,126,243		115,976
		U.S. government and agencies securities				374,002		300,514		73,488		--
		State and political subdivision securities				205,386		12,894		182,119		10,373
		Other foreign government, supranational and foreign
			government-sponsored enterprises			1,419,079		223,440		1,195,639		--
				Total fixed maturity securities – available-for-sale		16,200,950		612,945		14,212,340		1,375,665
	Funds withheld at interest – embedded derivatives					(361,456)		--		--		(361,456)
	Cash equivalents					504,522		504,522		--		--
	Short-term investments					46,671		37,155		9,516		--
	Other invested assets:
		Non-redeemable preferred stock				78,183		58,906		19,277		--
		Other equity securities				35,717		5,308		18,920		11,489
		Derivatives:
			Interest rate swaps			168,484		--		168,484		--
			Foreign currency forwards			4,560		--		4,560		--
			CPI swaps			766		--		766		--
			Credit default swaps			(4,003)		--		(4,003)		--
			Equity options			87,243		--		87,243		--
		Collateral				32,622		27,052		5,570		--
		Other				59,373		59,373		--		--
				Total other invested assets		462,945		150,639		300,817		11,489
	Reinsurance ceded receivable – embedded derivatives					4,945		--		--		4,945
		Total			$	16,858,577	$	1,305,261	$	14,522,673	$	1,030,643

Liabilities:
	Interest sensitive contract liabilities – embedded derivatives				$	1,028,241	$	--	$	--	$	1,028,241
	Other liabilities:
		Derivatives:
			Interest rate swaps			3,171		--		3,171		--
			Credit default swaps			5,633		--		5,633		--
			Equity options			(2,864)		--		(2,864)		--
			Foreign currency swaps			23,710		--		23,710		--
				Total other liabilities		29,650		--		29,650		--
		Total			$	1,057,891	$	--	$	29,650	$	1,028,241

Fair Value Unobservable Input Measurements [Table Text Block]

March 31, 2012:				Valuation	Unobservable	Range
		Fair Value		Technique(s)	Input	(Weighted Average)
Assets:
	State and political subdivision securities	$	5,239	Market comparable securities	Liquidity premium	1%

	Corporate securities		20,101	Market comparable securities	Liquidity premium	1-2% (2%)

	Private equity securities		9,852	Net asset value	Fund financial statements	Not Applicable

	Funds withheld at interest- embedded derivatives		(370,884)	Total return swap	Mortality	0-100% (1%)
					Lapse	0-35% (4%)
					Withdrawal	0-5% (4%)
					Own Credit	0-1% (0%)
					Crediting rate	2-4% (3%)

	Reinsurance ceded receivable- embedded derivatives		3,514	Discounted cash flow	Mortality	0-100% (8%)
					Lapse	14-16% (15%)

Liabilities:
	Interest sensitive contract liabilities- embedded derivatives- indexed annuities		772,939	Discounted cash flow	Mortality	0-100% (1%)
					Lapse	0-35% (4%)
					Withdrawal	0-5% (4%)
					Option budget projection	2-4% (3%)


	Interest sensitive contract liabilities- embedded derivatives- variable annuities		130,343	Discounted cash flow	Mortality	0-100% (1%)
					Lapse	0-25% (5%)
					Withdrawal	0-7% (4%)
					Own Credit	0-1% (1%)
					Long-term volatility	0-27% (16%)

Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Text Block]

For the three months ended March 31, 2012:				Fixed maturity securities - available-for-sale
							Residential				Commercial		State
							mortgage-				mortgage-		and political
				Corporate			backed		Asset-backed		backed		subdivision
				securities			securities		securities		securities		securities
Fair value, beginning of period				$	974,169	$	81,655	$	193,492	$	115,976	$	10,373
	Total gains/losses (realized/unrealized)
		Included in earnings, net:
			Investment income, net of related expenses		30		110		249		588		(5)
			Investment related gains (losses), net		(585)		279		(670)		(12,075)		(4)
			Claims & other policy benefits		--		--		--		--		--
			Interest credited		--		--		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--		--		--
		Included in other comprehensive income			(682)		1,580		6,696		13,521		406
	Purchases⁽¹⁾				21,161		244		--		--		--
	Sales⁽¹⁾				(9,408)		(8,004)		--		--		--
	Settlements⁽¹⁾				(20,875)		(1,800)		(3,865)		--		(23)
	Transfers into Level 3				17,444		--		1,080		10,846		--
	Transfers out of Level 3				(3,583)		(19,629)		(50,620)		(10,178)		(5,508)
Fair value, end of period				$	977,671	$	54,435	$	146,362	$	118,678	$	5,239

Unrealized gains and losses recorded in earnings for the period relating to those Level 3 assets and liabilities that were still held at the end of the period

		Included in earnings, net:
			Investment income, net of related expenses	$	30	$	106	$	249	$	588	$	(5)
			Investment related gains (losses), net		(727)		(108)		(607)		(12,075)		--
			Claims & other policy benefits		--		--		--		--		--
			Interest credited		--		--		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--		--		--

For the three months ended March 31, 2012 (continued):				Funds withheld				Reinsurance		Interest sensitive
				at interest-		Other invested		ceded receivable-		contract liabilities
				embedded		assets- other		embedded		embedded
				derivative		equity securities		derivative		derivative
Fair value, beginning of period				$	(361,456)	$	11,489	$	4,945	$	(1,028,241)
	Total gains/losses (realized/unrealized)
		Included in earnings, net:
			Investment income, net of related expenses		--		--		--		--
			Investment related gains (losses), net		(9,428)		--		--		146,375
			Claims & other policy benefits		--		--		--		2,278
			Interest credited		--		--		--		(21,193)
			Policy acquisition costs and other insurance expenses		--		--		(1,329)		--
		Included in other comprehensive income			--		338		--		--
	Purchases⁽¹⁾				--		--		--		(23,590)
	Sales⁽¹⁾				--		--		--		--
	Settlements⁽¹⁾				--		--		(102)		21,089
	Transfers into Level 3				--		--		--		--
	Transfers out of Level 3				--		--		--		--
Fair value, end of period				$	(370,884)	$	11,827	$	3,514	$	(903,282)

Unrealized gains and losses recorded in earnings for the period relating to those Level 3 assets and liabilities that were still held at the end of the period

		Included in earnings, net:
			Investment income, net of related expenses	$	--	$	--	$	--	$	--
			Investment related gains (losses), net		(9,428)		--		--		144,624
			Claims & other policy benefits		--		--		--		2,037
			Interest credited		--		--		--		(42,107)
			Policy acquisition costs and other insurance expenses		--		--		(1,188)		--

(1)			The amount reported within purchases, sales and settlements is the purchase price (for purchases) and the sales/settlement proceeds (for sales and settlements) based upon the actual date purchased or sold/settled. Items purchased and sold/settled in the same period are excluded from the rollforward. The Company had no issuances during the period.

For the three months ended March 31, 2011:				Fixed maturity securities - available-for-sale
							Residential				Commercial
							mortgage-				mortgage-
				Corporate			backed		Asset-backed		backed
				securities			securities		securities		securities
Fair value, beginning of period				$	872,179	$	183,291	$	228,558	$	147,556
	Total gains/losses (realized/unrealized)
		Included in earnings, net:
			Investment income, net of related expenses		88		260		582		558
			Investment related gains (losses), net		420		(357)		844		(489)
			Claims & other policy benefits		--		--		--		--
			Interest credited		--		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--		--
		Included in other comprehensive income			222		7,394		4,231		33,141
	Purchases ⁽¹⁾				100,202		453		4,872		2,613
	Sales⁽¹⁾				(1,509)		(14,065)		(18,299)		--
	Settlements⁽¹⁾				(50,679)		(8,160)		(8,148)		(330)
	Transfers into Level 3				34,410		5,001		11,326		55,189
	Transfers out of Level 3				(14,863)		(35,249)		(21,720)		(34,844)
Fair value, end of period				$	940,470	$	138,568	$	202,246	$	203,394

Unrealized gains and losses recorded in earnings for the period relating to those Level 3 assets and liabilities that were still held at the end of the period

		Included in earnings, net:
			Investment income, net of related expenses	$	74	$	258	$	507	$	554
			Investment related gains (losses), net		(514)		--		(552)		(489)
			Claims & other policy benefits		--		--		--		--
			Interest credited		--		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--		--

For the three months ended March 31, 2011 (continued):				Fixed maturity securities -
				available-for-sale
						Other foreign
				State		government,		Funds withheld
				and political		supranational and		at interest-
				subdivision		foreign government-		embedded
				securities		sponsored enterprises		derivative
Fair value, beginning of period				$	6,983	$	6,736	$	(274,220)
	Total gains/losses (realized/unrealized)
		Included in earnings, net:
			Investment income, net of related expenses		368		1		--
			Investment related gains (losses), net		(4)		--		90,535
			Claims & other policy benefits		--		--		--
			Interest credited		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--
		Included in other comprehensive income			2,675		(102)		--
	Purchases⁽¹⁾				871		--		--
	Sales⁽¹⁾				--		(161)		--
	Settlements⁽¹⁾				(21)		--		--
	Transfers into Level 3				34,209		21		--
Fair value, end of period				$	45,081	$	6,495	$	(183,685)

Unrealized gains and losses recorded in earnings for the period relating to those Level 3 assets and liabilities that were still held at the end of the period

		Included in earnings, net:
			Investment income, net of related expenses	$	368	$	(37)	$	--
			Investment related gains (losses), net		--		--		90,535
			Claims & other policy benefits		--		--		--
			Interest credited		--		--		--
			Policy acquisition costs and other insurance expenses		--		--		--

For the three months ended March 31, 2011 (continued):				Other invested				Reinsurance		Interest sensitive
				assets- non-		Other invested		ceded receivable-		contract liabilities
				redeemable		assets- other		embedded		embedded
				preferred stock		equity securities		derivative		derivative
Fair value, beginning of period				$	420	$	16,416	$	75,431	$	(721,485)
	Total gains/losses (realized/unrealized)
		Included in earnings, net:
			Investment income, net of related expenses		--		--		--		--
			Investment related gains (losses), net		--		--		--		32,654
			Claims & other policy benefits		--		--		--		919
			Interest credited		--		--		--		(49,849)
			Policy acquisition costs and other insurance expenses		--		--		7,839		--
		Included in other comprehensive income			--		(2,282)		--		--
	Purchases⁽¹⁾				--		--		2,433		(19,917)
	Sales⁽¹⁾				--		--		--		--
	Settlements⁽¹⁾				--		--		(3,221)		18,661
Fair value, end of period				$	420	$	14,134	$	82,482	$	(739,017)

Unrealized gains and losses recorded in earnings for the period relating to those Level 3 assets and liabilities that were still held at the end of the period


		Included in earnings, net:
			Investment income, net of related expenses	$	--	$	--	$	--	$	--
			Investment related gains (losses), net		--		--		--		32,654
			Claims & other policy benefits		--		--		--		1,353
			Interest credited		--		--		--		(68,510)
			Policy acquisition costs and other insurance expenses		--		--		7,839		--

(1)			The amount reported within purchases, sales and settlements is the purchase price (for purchases) and the sales/settlement proceeds (for sales and settlements) based upon the actual date purchased or sold/settled. Items purchased and sold/settled in the same period are excluded from the rollforward. The Company had no issuances during the period.

Financial Instruments Carrying Amounts And Estimated Fair Value [Text Block]

March 31, 2012:					Estimated Fair	Fair Value Measurement Using:
			Carrying Value		Value		Level 1	Level 2		Level 3
Assets:
	Mortgage loans on real estate	$	1,040,733	$	1,140,083	$	--	$	--	$	1,140,083
	Policy loans		1,260,070		1,260,070		--		1,260,070		--
	Funds withheld at interest⁽¹⁾		5,472,532		6,186,149		--		--		6,186,149
	Cash and cash equivalents⁽²⁾		524,476		524,476		524,476		--		--
	Short-term investments⁽²⁾		56,230		56,230		56,230		--		--
	Other invested assets⁽²⁾		494,561		498,040		--		18,799		479,241
	Accrued investment income		173,629		173,629		--		173,629		--
Liabilities:
	Interest-sensitive contract liabilities⁽¹⁾	$	6,213,484	$	6,364,422	$	--	$	--	$	6,364,422
	Long-term debt		1,414,829		1,484,949		--		--		1,484,949
	Collateral finance facility		652,029		423,475		--		--		423,475

December 31, 2011:						Estimated Fair
				Carrying Value	Value
Assets:
	Mortgage loans on real estate		$	991,731	$	1,081,924
	Policy loans			1,260,400		1,260,400
	Funds withheld at interest⁽¹⁾			5,410,424		6,041,984
	Cash and cash equivalents⁽²⁾			458,348		458,348
	Short-term investments⁽²⁾			41,895		41,895
	Other invested assets⁽²⁾			500,681		503,293
	Accrued investment income			144,334		144,334
Liabilities:
	Interest-sensitive contract liabilities⁽¹⁾		$	6,203,001	$	6,307,779
	Long-term debt			1,414,688		1,462,329
	Collateral finance facility			652,032		390,900

(1)		Carrying values presented herin differ from those presented in the condensed consolidated balance sheets because certain items within the respective financial statement caption are embedded derivatives and are measured at fair value on a recurring basis.

(2)		Carrying values presented herin differ from those presented in the condensed consolidated balance sheets because certain items within the respective financial statement caption are measured at fair value on a recurring basis.