v2.4.0.8

FAIR VALUE MEASUREMENTS (DETAILS 3) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | $ 280,649 | $ 51,965 | $ 70,931 | $ 50,878
Transfers into Level 3 | 0 | 0 | 8,382 | 0
Transfers out of Level 3 | (214,435) | 0 | (214,435) | 0
Included in earnings | 0 | 0 | 1,438 | 0
Included in OCI | 547 | 164 | 969 | 1,427
Purchases | 0 | 0 | 212,889 | 0
Sales | 0 | 0 | (13,290) | 0
Settlements / distributions | (851) | (635) | (974) | (811)
Balance at end of period | 65,910 | 51,494 | 65,910 | 51,494
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 481,407 | 425,694 | 422,431 | 412,804
Transfers into Level 3 | 29,953 | 0 | 29,953 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 12,034 | (627) | 40,515 | 24,295
Included in OCI | 0 | 0 | 0 | 0
Purchases | 1,796 | 0 | 54,232 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (23,694) | (8,979) | (45,635) | (21,011)
Balance at end of period | 501,496 | 416,088 | 501,496 | 416,088
Change in unrealized investment gain/loss relating to assets held at the reporting date | 12,034 | (627) | 40,515 | 24,295
Total Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 762,056 | 477,659 | 493,362 | 463,682
Transfers into Level 3 | 29,953 | 0 | 38,335 | 0
Transfers out of Level 3 | (214,435) | 0 | (214,435) | 0
Included in earnings | 12,034 | (627) | 41,953 | 24,295
Included in OCI | 547 | 164 | 969 | 1,427
Purchases | 1,796 | 0 | 267,121 | 0
Sales | 0 | 0 | (13,290) | 0
Settlements / distributions | (24,545) | (9,614) | (46,609) | (21,822)
Balance at end of period | 567,406 | 467,582 | 567,406 | 467,582
Change in unrealized investment gain/loss relating to assets held at the reporting date | 12,034 | (627) | 40,515 | 24,295
Corporate Debt [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 0 | 1,550 | 1,550 | 1,550
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 1,550 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | (3,100) | 0
Settlements / distributions | 0 | 0 | 0 | 0
Balance at end of period | 0 | 1,550 | 0 | 1,550
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
Non-Agency RMBS [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 1,300 | 0 | 1,110 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (1,223) | 0 | (1,223) | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | (77) | 0 | 135 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | 0 | 0 | (22) | 0
Balance at end of period | 0 | 0 | 0 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
CMBS [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 12,600 | 0 | 4,296 | 0
Transfers into Level 3 | 0 | 0 | 8,382 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | (69) | 0 | (147) | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (746) | 0 | (746) | 0
Balance at end of period | 11,785 | 0 | 11,785 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
ABS [Member] | Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 266,749 | 50,415 | 63,975 | 49,328
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (213,212) | 0 | (213,212) | 0
Included in earnings | 0 | 0 | (112) | 0
Included in OCI | 693 | 164 | 981 | 1,427
Purchases | 0 | 0 | 212,889 | 0
Sales | 0 | 0 | (10,190) | 0
Settlements / distributions | (105) | (635) | (206) | (811)
Balance at end of period | 54,125 | 49,944 | 54,125 | 49,944
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
Hedge Funds [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 414,716 | 364,786 | 359,996 | 346,244
Transfers into Level 3 | 29,953 | 0 | 29,953 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 6,962 | (10,261) | 25,490 | 11,271
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 50,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (7,411) | (3) | (21,219) | (2,993)
Balance at end of period | 444,220 | 354,522 | 444,220 | 354,522
Change in unrealized investment gain/loss relating to assets held at the reporting date | 6,962 | (10,261) | 25,490 | 11,271
Direct Lending Funds [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 2,436 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 1,796 | 0 | 4,232 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | 0 | 0 | 0 | 0
Balance at end of period | 4,232 | 0 | 4,232 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 0 | 0 | 0 | 0
CLO-Equities [Member] | Other Investments [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 64,255 | 60,908 | 62,435 | 66,560
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 5,072 | 9,634 | 15,025 | 13,024
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (16,283) | (8,976) | (24,416) | (18,018)
Balance at end of period | 53,044 | 61,566 | 53,044 | 61,566
Change in unrealized investment gain/loss relating to assets held at the reporting date | $ 5,072 | $ 9,634 | $ 15,025 | $ 13,024

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- Definition Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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