Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Comprehensive Income (Loss) [Table Text Block]

For the year ended December 31, 2011:
			Before-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
Foreign currency translation adjustments:
	Change arising during year		$	(28,779)	$	121	$	(28,658)
	Foreign currency swap			4,858		(1,700)		3,158
		Net foreign currency translation adjustments		(23,921)		(1,579)		(25,500)
Unrealized gains on investments:⁽¹⁾
	Unrealized net holding gains arising during the year			1,118,586		(302,134)		816,452
	Less: Reclassification adjustment for net gains realized in net income			72,841		(25,494)		47,347
	Net unrealized gains			1,045,745		(276,640)		769,105
Change in unrealized other-than-temporary impairments on fixed
	maturity securities			(1,901)		665		(1,236)
Unrealized pension and postretirement benefits:
	Net prior service cost arising during the year			460		(185)		275
	Net loss arising during the period			(25,441)		8,766		(16,675)
		Unrealized pension and postretirement benefits, net		(24,981)		8,581		(16,400)
Other comprehensive income			$	994,942	$	(268,973)	$	725,969

For the year ended December 31, 2010:
			Before-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
Foreign currency translation adjustments:
	Change arising during year		$	72,989	$	5,177	$	78,166
	Foreign currency swap			(41,302)		14,456		(26,846)
		Net foreign currency translation adjustments		31,687		19,633		51,320
Unrealized gains on investments:
	Unrealized net holding gains arising during the year			849,226		(279,620)		569,606
	Less: Reclassification adjustment for net gains realized in net income			41,069		(14,374)		26,695
	Net unrealized gains			808,157		(265,246)		542,911
Change in unrealized other-than-temporary impairments on fixed
	maturity securities			6,279		(2,198)		4,081
Unrealized pension and postretirement benefits:
	Net prior service cost arising during the year			(321)		108		(213)
	Net gain arising during the period			2,798		(1,019)		1,779
		Unrealized pension and postretirement benefits, net		2,477		(911)		1,566
Other comprehensive income			$	848,600	$	(248,722)	$	599,878

For the year ended December 31, 2009:
			Before-Tax Amount		Tax (Expense) Benefit		After-Tax Amount
Foreign currency translation adjustments:
	Change arising during year		$	187,195	$	(3,972)	$	183,223
	Foreign currency swap			(8,102)		2,836		(5,266)
		Net foreign currency translation adjustments		179,093		(1,136)		177,957
Unrealized gains (losses) on investments:
	Unrealized net holding gains arising during the year			949,091		(331,182)		617,909
	Less: Reclassification adjustment for net losses realized in net income			(84,348)		29,522		(54,826)
	Net unrealized gains			1,033,439		(360,704)		672,735
Change in unrealized other-than-temporary impairments on fixed
	maturity securities			(16,045)		5,616		(10,429)
Unrealized pension and postretirement benefits:
	Net prior service cost arising during the year			(422)		141		(281)
	Net loss arising during the period			(1,800)		613		(1,187)
		Unrealized pension and postretirement benefits, net		(2,222)		754		(1,468)
Other comprehensive income			$	1,194,265	$	(355,470)	$	838,795

(1)		Includes cash flow hedges. See Note 5 - "Derivative Instruments" for additional information on cash flow hedges.

Components Of Accumulated Other Comprehensive Income [Table Text Block]

For the years ended December 31,		2011		2010		2009
Change in net unrealized appreciation (depreciation) on:
	Fixed maturity securities available-for-sale	$	1,058,505	$	813,174	$	1,004,303
	Other investments⁽¹⁾		(7,213)		16,933		58,930
Effect on unrealized appreciation on:
	Deferred policy acquisition costs		(7,448)		(15,671)		(45,839)
Net unrealized appreciation		$	1,043,844	$	814,436	$	1,017,394

(1)	Includes cash flow hedges. See Note 5 - "Derivative Instruments" for additional information on cash flow hedges.

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The balance of and changes in each component of AOCI were as follows (dollars in thousands):

			Accumulated		Unrealized				Accumulated
			Currency		Appreciation		Pension and		Other
			Translation		(Depreciation)		Postretirement		Comprehensive
			Adjustments		of Investments		Benefits		Income (Loss)
For the year ended December 31, 2011
Balance, beginning of year		$	255,295	$	651,449	$	(14,560)	$	892,184
Change in foreign currency translation adjustments			(25,500)		--		--		(25,500)
Unrealized gain on investments⁽¹⁾			--		769,105		--		769,105
Change in other-than-temporary impairment losses
	on fixed maturity securities		--		(1,236)		--		(1,236)
Changes in pension and other postretirement
	plan adjustments		--		--		(16,400)		(16,400)
Balance, end of year		$	229,795	$	1,419,318	$	(30,960)	$	1,618,153

For the year ended December 31, 2010
Balance, beginning of year		$	203,975	$	104,457	$	(16,126)	$	292,306
Change in foreign currency translation adjustments			51,320		--		--		51,320
Unrealized gain on investments			--		542,911		--		542,911
Change in other-than-temporary impairment losses
	on fixed maturity securities		--		4,081		--		4,081
Changes in pension and other postretirement
	plan adjustments		--		--		1,566		1,566
Balance, end of year		$	255,295	$	651,449	$	(14,560)	$	892,184

For the year ended December 31, 2009
Balance, beginning of year		$	26,018	$	(553,407)	$	(14,658)	$	(542,047)
Change in foreign currency translation adjustments			177,957		--		--		177,957
Unrealized gain on investments			--		672,735		--		672,735
Change in other-than-temporary impairment losses
	on fixed maturity securities		--		(10,429)		--		(10,429)
Cumulative effect of accounting change			--		(4,442)		--		(4,442)
Changes in pension and other postretirement
	plan adjustments		--		--		(1,468)		(1,468)
Balance, end of year		$	203,975	$	104,457	$	(16,126)	$	292,306

(1)	Includes cash flow hedges. See Note 5 - "Derivative Instruments" for additional information on cash flow hedges.

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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