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FAIR VALUE MEASUREMENTS (DETAILS 3) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Fixed Maturities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | $ 83,839 | $ 34,693 | $ 73,631 | $ 34,817
Transfers into Level 3 | 5,072 | 0 | 5,072 | 128
Transfers out of Level 3 | (39,851) | 0 | (39,851) | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 167 | 250 | 205 | 135
Purchases | 20,714 | 0 | 31,624 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,923) | (127) | (5,663) | (264)
Balance at end of period | 65,018 | 34,816 | 65,018 | 34,816
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 | 657,589 | 576,848 | 617,844 | 557,055
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 14,313 | 18,294 | 39,998 | 33,173
Included in OCI | 0 | 0 | 0 | 0
Purchases | 33,063 | 16,722 | 54,481 | 37,512
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (12,787) | (10,483) | (20,145) | (26,359)
Balance at end of period | 692,178 | 601,381 | 692,178 | 601,381
Change in unrealized investment gain/loss relating to assets held at the reporting date | 14,313 | 18,294 | 39,998 | 33,173
Other Assets [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 25,000 | 1,707 | 111 | 984
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 77 | 293 | (990) | 5,011
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 25,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | (2,000) | 956 | (5,995)
Balance at end of period | 25,077 | 0 | 25,077 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 77 | 0 | 77 | 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 | 766,428 | 613,248 | 691,586 | 592,856
Transfers into Level 3 | 5,072 | 0 | 5,072 | 128
Transfers out of Level 3 | (39,851) | 0 | (39,851) | 0
Included in earnings | 14,390 | 18,587 | 39,008 | 38,184
Included in OCI | 167 | 250 | 205 | 135
Purchases | 53,777 | 16,722 | 111,105 | 37,512
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (17,710) | (12,610) | (24,852) | (32,618)
Balance at end of period | 782,273 | 636,197 | 782,273 | 636,197
Change in unrealized investment gain/loss relating to assets held at the reporting date | 14,390 | 18,294 | 40,075 | 33,173
Total Liabilities [Member] |  |  |  |
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items] |  |  |  |
Balance at beginning of period | 7,308 | 0 | 15,288 | 815
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (3,171) | (90) | (11,722) | 896
Included in OCI | 0 | 0 | 0 | 0
Purchases | 1,141 | 840 | 2,223 | 840
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,460) | 0 | (4,971) | (1,801)
Balance at end of period | 818 | 750 | 818 | 750
Change in unrealized investment gain/loss relating to assets held at the reporting date | 13 | (90) | 13 | (90)
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 | 26,857 | 0 | 15,837 | 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 | 244 | 0 | 424 | 0
Purchases | 20,714 | 0 | 31,624 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,807) | 0 | (4,877) | 0
Balance at end of period | 43,008 | 0 | 43,008 | 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 | 17,061 | 3,969 | 17,763 | 4,018
Transfers into Level 3 | 5,072 | 0 | 5,072 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | (120) | (23) | (324) | (43)
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (113) | (13) | (611) | (42)
Balance at end of period | 21,900 | 3,933 | 21,900 | 3,933
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 | 39,921 | 30,724 | 40,031 | 30,799
Transfers into Level 3 | 0 | 0 | 0 | 128
Transfers out of Level 3 | (39,851) | 0 | (39,851) | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 43 | 273 | 105 | 178
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (3) | (114) | (175) | (222)
Balance at end of period | 110 | 30,883 | 110 | 30,883
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 | 495,849 | 464,666 | 470,918 | 461,055
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 8,363 | 12,746 | 27,294 | 20,923
Included in OCI | 0 | 0 | 0 | 0
Purchases | 26,000 | 3,000 | 32,000 | 7,500
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (5,476) | (3,604) | (5,476) | (12,670)
Balance at end of period | 524,736 | 476,808 | 524,736 | 476,808
Change in unrealized investment gain/loss relating to assets held at the reporting date | 8,363 | 12,746 | 27,294 | 20,923
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 | 69,682 | 26,003 | 54,438 | 22,134
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 840 | 367 | 1,507 | 919
Included in OCI | 0 | 0 | 0 | 0
Purchases | 4,063 | 7,300 | 19,481 | 10,745
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (957) | (203) | (1,798) | (331)
Balance at end of period | 73,628 | 33,467 | 73,628 | 33,467
Change in unrealized investment gain/loss relating to assets held at the reporting date | 840 | 367 | 1,507 | 919
Real Estate 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 | 0 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 |  | 0
Included in earnings | 0 | 0 | 0 | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 3,000 | 0 | 3,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | 0 | 0 | 0
Balance at end of period | 3,000 | 0 | 3,000 | 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 | 92,058 | 86,179 | 92,488 | 73,866
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 5,110 | 5,181 | 11,197 | 11,331
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 6,422 | 0 | 19,267
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (6,354) | (6,676) | (12,871) | (13,358)
Balance at end of period | 90,814 | 91,106 | 90,814 | 91,106
Change in unrealized investment gain/loss relating to assets held at the reporting date | 5,110 | 5,181 | 11,197 | 11,331
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 | 0 | 1,707 | 111 | 984
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | 240 | 293 | (827) | 5,011
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | (2,000) | 956 | (5,995)
Balance at end of period | 240 | 0 | 240 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | 240 | 0 | 240 | 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 | 7,308 | 0 | 15,288 | 815
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (3,171) | (90) | (11,722) | 896
Included in OCI | 0 | 0 | 0 | 0
Purchases | 1,141 | 840 | 2,223 | 840
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | (4,460) | 0 | (4,971) | (1,801)
Balance at end of period | 818 | 750 | 818 | 750
Change in unrealized investment gain/loss relating to assets held at the reporting date | 13 | (90) | 13 | (90)
Insurance-linked securities [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 | 25,000 | 0 | 0 | 0
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in earnings | (163) | 0 | (163) | 0
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 25,000 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ Distributions | 0 | 0 | 0 | 0
Balance at end of period | 24,837 | 0 | 24,837 | 0
Change in unrealized investment gain/loss relating to assets held at the reporting date | $ (163) | $ 0 | $ (163) | $ 0

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