XML 74 R53.htm IDEA: XBRL DOCUMENT v3.3.1.900

Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Derivative Instruments [Abstract]

Schedule of Location on Consolidated Balance Sheets and Fair Value Of Principal Derivative Instruments

The tables below show the gross and net amounts of recognized derivative assets and liabilities, including the location on the consolidated balance sheets and fair value of the Company’s principal derivative instruments:

		Derivative Assets
	At December 31, 2015	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet				Balance Sheet Location		Collateral				Net Amount
	Interest rate futures	$	1,059			937				$	122			Other assets		$	—			$	122
	Foreign currency forward contracts (1)	4,645				82				4,563				Other assets		—				4,563
	Foreign currency forward contracts (2)	1,007				599				408				Other assets		—				408
	Credit default swaps	257				44				213				Other assets		—				213
	Total	$	6,968			$	1,662			$	5,306					$	—			$	5,306
		Derivative Liabilities
	At December 31, 2015	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet				Balance Sheet Location		Collateral Pledged				Net Amount
	Interest rate futures	$	2,293			937				$	1,356			Other liabilities		$	1,356			$	—
	Foreign currency forward contracts (1)	1,891				81				1,810				Other liabilities		—				1,810
	Foreign currency forward contracts (2)	806				599				207				Other liabilities		—				207
	Credit default swaps	491				44				447				Other liabilities		447				—
	Total	$	5,481			$	1,661			$	3,820					$	1,803			$	2,017

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

		Derivative Assets
	At December 31, 2014	Gross Amounts of Recognized Assets				Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet				Balance Sheet Location		Collateral				Net Amount
	Interest rate futures	$	468			468				$	—			Other assets		$	—			$	—
	Foreign currency forward contracts (1)	5,740				1,737				4,003				Other assets		—				4,003
	Foreign currency forward contracts (2)	3,959				648				3,311				Other assets		—				3,311
	Credit default swaps	468				88				380				Other assets		310				70
	Total	$	10,635			$	2,941			$	7,694					$	310			$	7,384
		Derivative Liabilities
	At December 31, 2014	Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet				Balance Sheet Location		Collateral Pledged				Net Amount
	Interest rate futures	$	1,037			468				$	569			Other liabilities		$	569			$	—
	Foreign currency forward contracts (1)	1,319				967				352				Other liabilities		—				352
	Foreign currency forward contracts (2)	724				649				75				Other liabilities		—				75
	Credit default swaps	251				88				163				Other liabilities		—				163
	Weather contract	190				—				190				Other liabilities		190				—
	Total	$	3,521			$	2,172			$	1,349					$	759			$	590

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

Schedule of Gain (Loss) Recognized In Consolidated Statements Of Operations Related To Principal Derivative Instruments

The location and amount of the gain (loss) recognized in the Company’s consolidated statements of operations related to its principal derivative instruments are shown in the following table:

		Location of gain (loss) recognized on derivatives		Amount of gain (loss) recognized on derivatives
	Year ended December 31,			2015				2014				2013
	Interest rate futures	Net realized and unrealized (losses) gains on investments		$	5,573			$	(32,713	)		$	29,695
	Foreign currency forward contracts (1)	Net foreign exchange (losses) gains		(1,943		)		4,457				889
	Foreign currency forward contracts (2)	Net foreign exchange (losses) gains		8,862				12,623				(3,015		)
	Credit default swaps	Net realized and unrealized (losses) gains on investments		(313		)		328				1,363
	Weather contract	Net realized and unrealized (losses) gains on investments		183				1,454				(1,331		)
	Total			$	12,362			$	(13,851	)		$	27,601

(1) Contracts used to manage foreign currency risks in underwriting and non-investment operations.

(2) Contracts used to manage foreign currency risks in investment operations.

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SummaryOfDerivativeInstrumentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration