v2.4.0.8

FAIR VALUE MEASUREMENTS (DETAILS 2) (USD $) In Thousands, unless otherwise specified |  |  | 6 Months Ended
--- | --- | --- | ---
Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 Income Approach [Member] Level 3 [Member] ABS - CLO Debt [Member] | Jun. 30, 2013 Income Approach [Member] Level 3 [Member] Other Investments - CLO-Equities [Member] | Jun. 30, 2013 Minimum [Member] Income Approach [Member] Level 3 [Member] ABS - CLO Debt [Member] | Jun. 30, 2013 Minimum [Member] Income Approach [Member] Level 3 [Member] Other Investments - CLO-Equities [Member] | Jun. 30, 2013 Maximum [Member] Income Approach [Member] Level 3 [Member] ABS - CLO Debt [Member] | Jun. 30, 2013 Maximum [Member] Income Approach [Member] Level 3 [Member] Other Investments - CLO-Equities [Member] | Jun. 30, 2013 Weighted Average [Member] Income Approach [Member] Level 3 [Member] ABS - CLO Debt [Member] | Jun. 30, 2013 Weighted Average [Member] Income Approach [Member] Level 3 [Member] Other Investments - CLO-Equities [Member]
Fair Value Inputs Assets Quantitative Information [Line Items] |  |  |  |  |  |  |  |  |  |
Fixed maturities | $ 11,644,912 | $ 11,928,049 | $ 53,113 |  |  |  |  |  |  |
Other investments | $ 962,315 | $ 843,437 |  | $ 53,044 |  |  |  |  |  |
Credit spread |  |  |  |  | 3.20% |  | 4.90% |  | 3.74% |
Illiquidity discount |  |  | 5.00% |  |  |  |  |  | 5.00% |
Default rates |  |  |  |  |  | 4.00% |  | 5.00% |  | 4.35%
Loss severity rate |  |  |  | 53.50% |  |  |  |  |  | 53.50%
Collateral spreads |  |  |  |  |  | 2.60% |  | 4.20% |  | 3.24%
Estimated maturity dates (years) |  |  |  |  |  | 2 years |  | 5 years 146 days |  | 4 years 73 days

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- Definition The difference between the interest yield earned on the underlying collateral assets and the interest rates incurred on the debt tranches of the CLO structure. + References No definition available. + Details
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- Definition The difference between implied yields and risk-free rates for similar securities. + References No definition available. + Details
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- Definition The estimated remaining time to maturity of the CLO structure (expressed as a number of years). + References No definition available. + Details
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- Definition Fair value of investments in certain entities that calculate net asset value per share, including, but not limited to, by unit, membership interest, or other ownership interest. Investments include, but are not limited to, investments in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. + 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 (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 6A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=SL6742756-110258 + Details
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- Definition Amount of debt securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -Subparagraph (b)-(g) -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 + Details
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- Definition Adjustment to the discount rate used to measure fair value for lack of ability to convert business interests into cash quickly. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Loss, including interest and principal, incurred on a defaulted security, expressed as a percentage of the original principal balance, used as an input to measure fair value. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Percentage of likelihood a loan will not be repaid and instead default, used as an input to measure fair value. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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