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Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Premiums earned $ 2,006,361 $ 1,773,898 $ 1,793,855
Net investment income 296,996 306,145 312,933
Net realized capital gains (losses):      
Other-than-temporary impairments on fixed maturity securities   (6,634) (14,522)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)         
Other net realized capital gains (losses) 723,149 398,336 (26,594)
Total net realized capital gains (losses) 723,149 391,702 (41,116)
Other income (expense) (7,714) 12,136 (11,745)
Total revenues 3,018,792 2,483,881 2,053,927
CLAIMS AND EXPENSES:      
Incurred losses and loss adjustment expenses 1,272,156 1,249,744 1,877,603
Commission, brokerage, taxes and fees 293,922 310,699 338,655
Other underwriting expenses 193,499 170,604 154,331
Corporate expenses 8,262 8,764 6,073
Interest, fee and bond issue cost amortization expense 45,452 50,746 50,763
Total claims and expenses 1,813,291 1,790,557 2,427,425
INCOME (LOSS) BEFORE TAXES 1,205,501 693,324 (373,498)
Income tax expense (benefit) 407,238 172,995 (170,677)
NET INCOME (LOSS) 798,263 520,329 (202,821)
Other comprehensive income (loss), net of tax :      
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period (99,241) 9,390 22,049
Less: reclassification adjustment for realized losses (gains) included in net income (loss) (2,465) 633 20,240
Total URA(D) on securities arising during the period (101,706) 10,023 42,289
Foreign currency translation adjustments (19,128) 7,030 (2,805)
Benefit plan actuarial net gain (loss) for the period 17,837 (11,771) (31,776)
Reclassification on amortization of net gain (loss) included in net income (loss) 5,778 4,795 2,324
Total benefit plan net gain (loss) for the period 23,615 (6,976) (29,452)
Total other comprehensive income (loss), net of tax (97,219) 10,077 10,032
COMPREHENSIVE INCOME (LOSS) $ 701,044 $ 530,406 $ (192,789)