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Fair Value (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value [Abstract]  
Fair Value Measurement Levels For All Assets, Recorded At Fair And Market Value
Fair Value Measurement Using:
 
         
Quoted Prices
             
         
in Active
   
Significant
       
         
Markets for
   
Other
   
Significant
 
         
Identical
   
Observable
   
Unobservable
 
         
Assets
   
Inputs
   
Inputs
 
(Dollars in thousands)
 
December 31, 2012
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                       
Fixed maturities, market value
                       
U.S. Treasury securities and obligations of
                       
U.S. government agencies and corporations
  $ 78,190     $ -     $ 78,190     $ -  
Obligations of U.S. States and political subdivisions
    1,291,963       -       1,291,963       -  
Corporate securities
    1,564,852       -       1,564,852       -  
Asset-backed securities
    46,487       -       41,638       4,849  
Mortgage-backed securities
                               
Commercial
    52,624       -       52,624       -  
Agency residential
    683,722       -       654,324       29,398  
Non-agency residential
    2,329       -       2,324       5  
Foreign government securities
    780,003       -       780,003       -  
Foreign corporate securities
    1,031,240       -       1,019,819       11,421  
Total fixed maturities, market value
    5,531,410       -       5,485,737       45,673  
                                 
Fixed maturities, fair value
    41,470       -       41,470       -  
Equity securities, market value
    13       13       -       -  
Equity securities, fair value
    1,199,848       1,059,288       140,560       -  
Other invested assets, fair value
    1,068,711       1,068,711       -       -  



 

         
Fair Value Measurement Using:
 
         
Quoted Prices
             
         
in Active
   
Significant
       
         
Markets for
   
Other
   
Significant
 
         
Identical
   
Observable
   
Unobservable
 
         
Assets
   
Inputs
   
Inputs
 
(Dollars in thousands)
 
December 31, 2011
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                       
Fixed maturities, market value
                       
U.S. Treasury securities and obligations of
                       
U.S. government agencies and corporations
  $ 79,539     $ -     $ 79,539     $ -  
Obligations of U.S. States and political subdivisions
    1,660,905       -       1,660,905       -  
Corporate securities
    1,228,235       -       1,228,235       -  
Asset-backed securities
    45,103       -       29,057       16,046  
Mortgage-backed securities
                               
Commercial
    47,874       -       47,874       -  
Agency residential
    543,393       -       543,393       -  
Non-agency residential
    24,289       -       24,282       7  
Foreign government securities
    788,649       -       788,649       -  
Foreign corporate securities
    689,041       -       686,505       2,536  
Total fixed maturities, market value
    5,107,028       -       5,088,439       18,589  
                                 
Fixed maturities, fair value
    113,606       -       113,606       -  
Equity securities, market value
    10       10       -       -  
Equity securities, fair value
    1,207,053       1,090,959       116,094       -  
Other invested assets, fair value
    817,352       817,352       -       -  
 
 
Activity Under Level 3, Fair Value Measurements Using Significant Unobservable Inputs By Asset Type
   
December 31, 2012
   
December 31, 2011
 
   
Asset-backed
   
Foreign
   
Non-agency
   
Agency
         
Asset-backed
   
Foreign
   
Non-agency
       
(Dollars in thousands)
 
Securities
   
Corporate
   
RMBS
   
RMBS
   
Total
   
Securities
   
Corporate
   
RMBS
   
Total
 
Beginning balance
  $ 16,046     $ 2,536     $ 7     $ -     $ 18,589     $ 961     $ 3,635     $ 458     $ 5,054  
Total gains or (losses) (realized/unrealized)
                                                                       
Included in earnings
    114       (33 )     3       (3 )     81       194       (7 )     11       198  
Included in other comprehensive income (loss)
    696       144       (1 )     (164 )     675       (659 )     (66 )     54       (671 )
Purchases, issuances and settlements
    4,411       18,057       (4 )     29,565       52,029       15,550       2,609       (168 )     17,991  
Transfers in and/or (out) of Level 3
    (16,418 )     (9,283 )     -       -       (25,701 )     -       (3,635 )     (348 )     (3,983 )
Ending balance
  $ 4,849     $ 11,421     $ 5     $ 29,398     $ 45,673     $ 16,046     $ 2,536     $ 7     $ 18,589  
                                                                         
The amount of total gains or losses for the period included
                                                                     
in earnings (or changes in net assets) attributable to the
                                                                     
change in unrealized gains or losses relating to assets
                                                                     
still held at the reporting date
$ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -     $ -  
                                                                         
(Some amounts may not reconcile due to rounding.)