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Segment Information | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies in Note 2 of the consolidated financial statements accompanying the 2016 Annual Report. The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets. The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company’s businesses. As a result of the economic capital allocation process, a portion of investment income is attributed to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses. The Company has geographic-based and business-based operational segments. Geographic-based operations are further segmented into traditional and financial solutions businesses. Information related to revenues, income (loss) before income taxes and total assets of the Company for each reportable segment are summarized below (dollars in thousands).
|  | Three months ended June 30, |  | Six months ended June 30,
Revenues: |  | 2017 |  | 2016 |  | 2017 |  | 2016
U.S. and Latin America: |  |  |  |  |  |  |  |
Traditional |  | $ | 1,522,698 |  |  | $ | 1,494,003 |  |  | $ | 3,011,201 |  |  | $ | 2,894,820 |
Financial Solutions |  | 271,976 |  |  | 305,077 |  |  | 570,822 |  |  | 343,982 |
Total |  | 1,794,674 |  |  | 1,799,080 |  |  | 3,582,023 |  |  | 3,238,802 |
Canada: |  |  |  |  |  |  |  |
Traditional |  | 269,273 |  |  | 288,912 |  |  | 533,548 |  |  | 546,912 |
Financial Solutions |  | 12,003 |  |  | 11,854 |  |  | 23,810 |  |  | 22,538 |
Total |  | 281,276 |  |  | 300,766 |  |  | 557,358 |  |  | 569,450 |
Europe, Middle East and Africa: |  |  |  |  |  |  |  |
Traditional |  | 345,920 |  |  | 301,642 |  |  | 664,006 |  |  | 591,276 |
Financial Solutions |  | 73,405 |  |  | 80,977 |  |  | 153,394 |  |  | 148,733 |
Total |  | 419,325 |  |  | 382,619 |  |  | 817,400 |  |  | 740,009 |
Asia Pacific: |  |  |  |  |  |  |  |
Traditional |  | 561,529 |  |  | 477,571 |  |  | 1,066,759 |  |  | 871,770 |
Financial Solutions |  | 17,984 |  |  | 17,045 |  |  | 38,436 |  |  | 37,116 |
Total |  | 579,513 |  |  | 494,616 |  |  | 1,105,195 |  |  | 908,886 |
Corporate and Other |  | 54,488 |  |  | 61,987 |  |  | 76,040 |  |  | 94,489 |
Total |  | $ | 3,129,276 |  |  | $ | 3,039,068 |  |  | $ | 6,138,016 |  |  | $ | 5,551,636 |
|  | Three months ended June 30, |  | Six months ended June 30,
Income (loss) before income taxes: |  | 2017 |  | 2016 |  | 2017 |  | 2016
U.S. and Latin America: |  |  |  |  |  |  |  |
Traditional |  | $ | 90,594 |  |  | $ | 111,430 |  |  | $ | 120,554 |  |  | $ | 162,528 |
Financial Solutions |  | 106,985 |  |  | 108,854 |  |  | 210,571 |  |  | 93,958 |
Total |  | 197,579 |  |  | 220,284 |  |  | 331,125 |  |  | 256,486 |
Canada: |  |  |  |  |  |  |  |
Traditional |  | 32,836 |  |  | 43,309 |  |  | 52,164 |  |  | 63,404 |
Financial Solutions |  | 4,425 |  |  | 2,128 |  |  | 8,017 |  |  | 2,720 |
Total |  | 37,261 |  |  | 45,437 |  |  | 60,181 |  |  | 66,124 |
Europe, Middle East and Africa: |  |  |  |  |  |  |  |
Traditional |  | 11,354 |  |  | 6,834 |  |  | 25,330 |  |  | 5,718 |
Financial Solutions |  | 28,905 |  |  | 27,469 |  |  | 60,823 |  |  | 52,893 |
Total |  | 40,259 |  |  | 34,303 |  |  | 86,153 |  |  | 58,611 |
Asia Pacific: |  |  |  |  |  |  |  |
Traditional |  | 53,322 |  |  | 34,482 |  |  | 95,010 |  |  | 75,642 |
Financial Solutions |  | 5,377 |  |  | (73 | ) |  | 11,249 |  |  | 8,480 |
Total |  | 58,699 |  |  | 34,409 |  |  | 106,259 |  |  | 84,122 |
Corporate and Other |  | 5,517 |  |  | 18,790 |  |  | (36,559 | ) |  | (4,540 | )
Total |  | $ | 339,315 |  |  | $ | 353,223 |  |  | $ | 547,159 |  |  | $ | 460,803 |
Assets: |  | June 30, 2017 |  | December 31, 2016
U.S. and Latin America: |  |  |  |
Traditional |  | $ | 18,588,924 |  |  | $ | 18,140,825 |
Financial Solutions |  | 16,370,238 |  |  | 13,712,106 |
Total |  | 34,959,162 |  |  | 31,852,931 |
Canada: |  |  |  |
Traditional |  | 3,965,235 |  |  | 3,846,682 |
Financial Solutions |  | 104,804 |  |  | 85,405 |
Total |  | 4,070,039 |  |  | 3,932,087 |
Europe, Middle East and Africa: |  |  |  |
Traditional |  | 2,852,309 |  |  | 2,559,124 |
Financial Solutions |  | 4,016,788 |  |  | 3,876,131 |
Total |  | 6,869,097 |  |  | 6,435,255 |
Asia Pacific: |  |  |  |
Traditional |  | 4,449,350 |  |  | 3,968,081 |
Financial Solutions |  | 1,179,010 |  |  | 676,281 |
Total |  | 5,628,360 |  |  | 4,644,362 |
Corporate and Other |  | 6,611,414 |  |  | 6,233,244 |
Total |  | $ | 58,138,072 |  |  | $ | 53,097,879 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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