Reserve for Claims and Claim Expenses (Schedule of Liability for Unpaid Claims and Claims Adjustment Expense) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2011
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Sep. 30, 2011
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Jun. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2010
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Sep. 30, 2010
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Jun. 30, 2010
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Mar. 31, 2010
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward] | |||||||||||
Net reserves, Beginning of period | $ 1,156,132 | $ 1,260,334 | $ 1,156,132 | $ 1,260,334 | $ 1,565,230 | ||||||
Net incurred related to: | |||||||||||
Current year | 993,168 | 431,476 | 195,518 | ||||||||
Prior years | (131,989) | (302,131) | (266,216) | ||||||||
Total net incurred | 3,551 | 77,830 | 151,261 | 628,537 | (27,128) | 77,936 | (18,803) | 97,340 | 861,179 | 129,345 | (70,698) |
Net paid related to: | |||||||||||
Current year | 299,299 | 50,793 | 42,712 | ||||||||
Prior years | 129,687 | 182,754 | 191,486 | ||||||||
Total net paid | 428,986 | 233,547 | 234,198 | ||||||||
Total net reserves, End of period | 1,588,325 | 1,156,132 | 1,588,325 | 1,156,132 | 1,260,334 | ||||||
Reinsurance recoverable, End of period | 404,029 | 101,711 | 404,029 | 101,711 | 84,099 | ||||||
Total gross reserves, End of period | $ 1,992,354 | $ 1,257,843 | $ 1,992,354 | $ 1,257,843 | $ 1,344,433 |
X | ||||||||||
- Definition
Total amount of payments made during the reporting period to settle insured claims and pay costs incurred in the claims settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of payments made in the reporting period to settle claims incurred in the current period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of payments made in the reporting period to settle claims incurred in prior periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The estimated cost of settling claims under the terms of the underlying insurance policies and assumed and ceded insurance contracts as of the balance sheet date, including an estimate for claims which have been incurred but not reported and the actual and estimated costs of settling claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total provision in the period for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of provision in the period for claims incurred in the reporting period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of provision in the period for claims incurred in prior reporting periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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