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FAIR VALUE MEASUREMENTS (DETAILS 3) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | $ 34,693 | $ 280,649 | $ 34,817 | $ 70,931
Transfers into Level 3 | 0 | 0 | 128 | 8,382
Transfers out of Level 3 | 0 | (214,435) | 0 | (214,435)
Included in earnings | 0 | 0 | 0 | 1,438
Included in OCI | 250 | 547 | 135 | 969
Purchases | 0 | 0 | 0 | 212,889
Sales | 0 | 0 | 0 | (13,290)
Settlements / distributions | (127) | (851) | (264) | (974)
Balance at end of period | 34,816 | 65,910 | 34,816 | 65,910
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 | 576,848 | 481,407 | 557,055 | 422,431
Transfers into Level 3 | 0 | 29,953 | 0 | 29,953
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 18,294 | 12,034 | 33,173 | 40,515
Included in OCI | 0 | 0 | 0 | 0
Purchases | 16,722 | 1,796 | 37,512 | 54,232
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (10,483) | (23,694) | (26,359) | (45,635)
Balance at end of period | 601,381 | 501,496 | 601,381 | 501,496
Change in unrealized investment gain/loss relating to assets held at the reporting date | 18,294 | 12,034 | 33,173 | 40,515
Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 1,707 | 0 | 984 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 293 | 0 | 5,011 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (2,000) | 0 | (5,995) | 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
Total Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 613,248 | 762,056 | 592,856 | 493,362
Transfers into Level 3 | 0 | 29,953 | 128 | 38,335
Transfers out of Level 3 | 0 | (214,435) | 0 | (214,435)
Included in earnings | 18,587 | 12,034 | 38,184 | 41,953
Included in OCI | 250 | 547 | 135 | 969
Purchases | 16,722 | 1,796 | 37,512 | 267,121
Sales | 0 | 0 | 0 | (13,290)
Settlements / distributions | (12,610) | (24,545) | (32,618) | (46,609)
Balance at end of period | 636,197 | 567,406 | 636,197 | 567,406
Change in unrealized investment gain/loss relating to assets held at the reporting date | 18,294 | 12,034 | 33,173 | 40,515
Total Liabilities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 0 | 0 | 815 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (90) | 0 | 896 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 840 | 0 | 840 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | 0 | 0 | (1,801) | 0
Balance at end of period | 750 | 0 | 750 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | (90) | 0 | (90) | 0
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 | 0 | 0 | 1,550
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 0 | 1,550
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | (3,100)
Settlements / distributions | 0 | 0 | 0 | 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
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 | 0 | 1,300 | 0 | 1,110
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | (1,223) | 0 | (1,223)
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 0 | (77) | 0 | 135
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | 0 | 0 | 0 | (22)
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 | 3,969 | 12,600 | 4,018 | 4,296
Transfers into Level 3 | 0 | 0 | 0 | 8,382
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | (23) | (69) | (43) | (147)
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (13) | (746) | (42) | (746)
Balance at end of period | 3,933 | 11,785 | 3,933 | 11,785
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 | 30,724 | 266,749 | 30,799 | 63,975
Transfers into Level 3 | 0 | 0 | 128 | 0
Transfers out of Level 3 | 0 | (213,212) | 0 | (213,212)
Included in earnings | 0 | 0 | 0 | (112)
Included in OCI | 273 | 693 | 178 | 981
Purchases | 0 | 0 | 0 | 212,889
Sales | 0 | 0 | 0 | (10,190)
Settlements / distributions | (114) | (105) | (222) | (206)
Balance at end of period | 30,883 | 54,125 | 30,883 | 54,125
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 | 464,666 | 414,716 | 461,055 | 359,996
Transfers into Level 3 | 0 | 29,953 | 0 | 29,953
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 12,746 | 6,962 | 20,923 | 25,490
Included in OCI | 0 | 0 | 0 | 0
Purchases | 3,000 | 0 | 7,500 | 50,000
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (3,604) | (7,411) | (12,670) | (21,219)
Balance at end of period | 476,808 | 444,220 | 476,808 | 444,220
Change in unrealized investment gain/loss relating to assets held at the reporting date | 12,746 | 6,962 | 20,923 | 25,490
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 | 26,003 | 2,436 | 22,134 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 367 | 0 | 919 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 7,300 | 1,796 | 10,745 | 4,232
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (203) | 0 | (331) | 0
Balance at end of period | 33,467 | 4,232 | 33,467 | 4,232
Change in unrealized investment gain/loss relating to assets held at the reporting date | 367 | 0 | 919 | 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 | 86,179 | 64,255 | 73,866 | 62,435
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 5,181 | 5,072 | 11,331 | 15,025
Included in OCI | 0 | 0 | 0 | 0
Purchases | 6,422 | 0 | 19,267 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (6,676) | (16,283) | (13,358) | (24,416)
Balance at end of period | 91,106 | 53,044 | 91,106 | 53,044
Change in unrealized investment gain/loss relating to assets held at the reporting date | 5,181 | 5,072 | 11,331 | 15,025
Derivative [Member] | Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 1,707 | 0 | 984 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 293 | 0 | 5,011 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | (2,000) | 0 | (5,995) | 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
Derivative [Member] | Other Liabilities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 0 | 0 | 815 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (90) | 0 | 896 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 840 | 0 | 840 | 0
Sales | 0 | 0 | 0 | 0
Settlements / distributions | 0 | 0 | (1,801) | 0
Balance at end of period | 750 | 0 | 750 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | $ (90) | $ 0 | $ (90) | $ 0

X
- 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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