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Dividend Restrictions And Statutory Financial Information
12 Months Ended
Dec. 31, 2012
Dividend Restrictions And Statutory Financial Information [Abstract]  
Dividend Restrictions And Statutory Financial Information
15.  DIVIDEND RESTRICTIONS AND STATUTORY FINANCIAL INFORMATION

 
Dividend Restrictions.
Delaware law provides that an insurance company which is a member of an insurance holding company system and is domiciled in the state shall not pay dividends without giving prior notice to the Insurance Commissioner of Delaware and may not pay dividends without the approval of the Insurance Commissioner if the value of the proposed dividend, together with all other dividends and distributions made in the preceding twelve months, exceeds the greater of (1) 10% of statutory surplus or (2) net income, not including realized capital gains, each as reported in the prior year's statutory annual statement.  In addition, no dividend may be paid in excess of unassigned earned surplus.  At December 31, 2012, Everest Re has $359,026 thousand available for payment of dividends in 2013 without the need for prior regulatory approval.

Statutory Financial Information.
Everest Re prepares its statutory financial statements in accordance with accounting practices prescribed or permitted by the National Association of Insurance Commissioners ("NAIC") and the Delaware Insurance Department.  Prescribed statutory accounting practices are set forth in the NAIC Accounting Practices and Procedures Manual.  The capital and statutory surplus of Everest Re was $2,612,995 thousand and $2,322,115 thousand at December 31, 2012 and 2011, respectively.  The statutory net income of Everest Re was $359,816 thousand and net loss was $326,400 thousand for the years ended December 31, 2012 and 2011 and the statutory net income of Everest Re was $218,452 thousand for the year ended December 31, 2010, respectively.