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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS:    
Fixed maturities - available for sale, at market value (amortized cost: 2013, $5,166,600; 2012, $5,289,619) $ 5,201,921 $ 5,531,410
Fixed maturities - available for sale, at fair value 19,388 41,470
Equity securities - available for sale, at market value (cost: 2013, $15; 2012, $15) 13 13
Equity securities - available for sale, at fair value 1,298,940 1,199,848
Short-term investments 757,162 465,550
Other invested assets (cost: 2013, $385,776; 2012, $420,744) 385,776 420,744
Other invested assets, at fair value 1,515,052 1,068,711
Cash 316,807 347,720
Total investments and cash 9,495,059 9,075,466
Accrued investment income 50,306 54,914
Premiums receivable 1,173,780 1,001,267
Reinsurance receivables - unaffiliated 530,158 650,261
Reinsurance receivables - affiliated 3,062,884 2,976,992
Funds held by reinsureds 175,526 161,694
Deferred acquisition costs 112,024 97,522
Prepaid reinsurance premiums 673,753 557,460
Deferred tax asset (51,289) 214,175
Income taxes recoverable 27,340 61,244
Other assets 247,505 236,955
TOTAL ASSETS 15,548,335 15,087,950
LIABILITIES:    
Reserve for losses and loss adjustment expenses 7,653,229 8,143,055
Unearned premium reserve 1,317,147 1,093,822
Funds held under reinsurance treaties 92,514 90,079
Losses in the course of payment 350,820 179,774
Commission reserves 47,226 39,324
Other net payable to reinsurers 1,026,292 900,794
5.4% Senior notes due 10/15/2014 249,958 249,907
6.6% Long term notes due 5/1/2067 238,361 238,357
Junior subordinated debt securities payable   329,897
Accrued interest on debt and borrowings 4,781 4,781
Unsettled securities payable 53,772 48,830
Other liabilities 272,468 290,724
Total liabilities 11,357,857 11,609,344
Commitments and Contingencies (Note 16)      
STOCKHOLDER'S EQUITY:    
Common stock, par value: $0.01; 3,000 shares authorized; 1,000 shares issued and outstanding (2013 and 2012)      
Additional paid-in capital 351,051 340,223
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $47,195 at 2013 and $99,544 at 2012 87,648 184,867
Retained earnings 3,751,779 2,953,516
Total stockholder's equity 4,190,478 3,478,606
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 15,548,335 $ 15,087,950