XML 22 R50.htm IDEA: XBRL DOCUMENT v3.3.0.814
FAIR VALUE MEASUREMENTS (DETAILS 3) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 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 $ 65,018 $ 34,816 $ 73,631 $ 34,817
Transfers into Level 3 0 52,834 5,072 52,962
Transfers out of Level 3 (9,902) 0 (49,753) 0
Included in earnings (2) 0 (2) 0
Included in OCI 81 851 286 986
Purchases 22,821 0 54,445 0
Sales 0 0 0 0
Settlements/ Distributions (4,867) (13,346) (10,530) (13,610)
Balance at end of period 73,149 75,155 73,149 75,155
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 692,178 601,381 617,844 557,055
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (32,255) 0 (32,255)
Included in earnings (23,338) 2,151 16,660 35,324
Included in OCI 0 0 0 0
Purchases 7,110 22,760 61,591 60,272
Sales 0 0 0 0
Settlements/ Distributions (32,470) (8,577) (52,615) (34,936)
Balance at end of period 643,480 585,460 643,480 585,460
Change in unrealized investment gain/loss relating to assets held at the reporting date (23,338) 2,012 16,660 35,185
Other Assets [Member]        
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]        
Balance at beginning of period 25,077 0 111 984
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings 210 228 (780) 5,239
Included in OCI 0 0 0 0
Purchases 0 0 25,000 0
Sales 0 0 0 0
Settlements/ Distributions (240) 0 716 (5,995)
Balance at end of period 25,047 228 25,047 228
Change in unrealized investment gain/loss relating to assets held at the reporting date 210 228 47 228
Total Assets [Member]        
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]        
Balance at beginning of period 782,273 636,197 691,586 592,856
Transfers into Level 3 0 52,834 5,072 52,962
Transfers out of Level 3 (9,902) (32,255) (49,753) (32,255)
Included in earnings (23,130) 2,379 15,878 40,563
Included in OCI 81 851 286 986
Purchases 29,931 22,760 141,036 60,272
Sales 0 0 0 0
Settlements/ Distributions (37,577) (21,923) (62,429) (54,541)
Balance at end of period 741,676 660,843 741,676 660,843
Change in unrealized investment gain/loss relating to assets held at the reporting date (23,128) 2,240 16,707 35,413
Total Liabilities [Member]        
Changes in Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis [Line Items]        
Balance at beginning of period 818 750 15,288 815
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings (331) (272) (12,053) 624
Included in OCI 0 0 0 0
Purchases 6,475 7,587 8,698 8,427
Sales 0 0 0 0
Settlements/ Distributions 0 (419) (4,971) (2,220)
Balance at end of period 6,962 7,646 6,962 7,646
Change in unrealized investment gain/loss relating to assets held at the reporting date (331) 59 (318) 59
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 43,008 0 15,837 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings (2) 0 (2) 0
Included in OCI 300 0 724 0
Purchases 22,821 0 54,445 0
Sales 0 0 0 0
Settlements/ Distributions (4,403) 0 (9,280) 0
Balance at end of period 61,724 0 61,724 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 21,900 3,933 17,763 4,018
Transfers into Level 3 0 10,795 5,072 10,795
Transfers out of Level 3 (9,902) 0 (9,902) 0
Included in earnings 0 0 0 0
Included in OCI (219) (31) (543) (74)
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ Distributions (461) (77) (1,072) (119)
Balance at end of period 11,318 14,620 11,318 14,620
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 110 30,883 40,031 30,799
Transfers into Level 3 0 42,039 0 42,167
Transfers out of Level 3 0 0 (39,851) 0
Included in earnings 0 0 0 0
Included in OCI 0 882 105 1,060
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ Distributions (3) (13,269) (178) (13,491)
Balance at end of period 107 60,535 107 60,535
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 524,736 476,808 470,918 461,055
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 (32,255) 0 (32,255)
Included in earnings (20,606) (4,205) 6,688 16,718
Included in OCI 0 0 0 0
Purchases 0 6,000 32,000 13,500
Sales 0 0 0 0
Settlements/ Distributions (25,000) (1,857) (30,476) (14,527)
Balance at end of period 479,130 444,491 479,130 444,491
Change in unrealized investment gain/loss relating to assets held at the reporting date (20,606) (4,344) 6,688 16,579
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 73,628 33,467 54,438 22,134
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings 2,337 627 3,844 1,546
Included in OCI 0 0 0 0
Purchases 4,610 10,086 24,091 20,831
Sales 0 0 0 0
Settlements/ Distributions (1,292) (344) (3,090) (675)
Balance at end of period 79,283 43,836 79,283 43,836
Change in unrealized investment gain/loss relating to assets held at the reporting date 2,337 627 3,844 1,546
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 3,000 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings (1,131) 0 (1,131) 0
Included in OCI 0 0 0 0
Purchases 2,500 0 5,500 0
Sales 0 0 0 0
Settlements/ Distributions 0 0 0 0
Balance at end of period 4,369 0 4,369 0
Change in unrealized investment gain/loss relating to assets held at the reporting date (1,131) 0 (1,131) 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 90,814 91,106 92,488 73,866
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings (3,938) 5,729 7,259 17,060
Included in OCI 0 0 0 0
Purchases 0 6,674 0 25,941
Sales 0 0 0 0
Settlements/ Distributions (6,178) (6,376) (19,049) (19,734)
Balance at end of period 80,698 97,133 80,698 97,133
Change in unrealized investment gain/loss relating to assets held at the reporting date (3,938) 5,729 7,259 17,060
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 240 0 111 984
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings 35 228 (792) 5,239
Included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ Distributions (240) 0 716 (5,995)
Balance at end of period 35 228 35 228
Change in unrealized investment gain/loss relating to assets held at the reporting date 35 228 35 228
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 818 750 15,288 815
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings (331) (272) (12,053) 624
Included in OCI 0 0 0 0
Purchases 6,475 7,587 8,698 8,427
Sales 0 0 0 0
Settlements/ Distributions 0 (419) (4,971) (2,220)
Balance at end of period 6,962 7,646 6,962 7,646
Change in unrealized investment gain/loss relating to assets held at the reporting date (331) 59 (318) 59
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 24,837 0 0 0
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in earnings 175 0 12 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 25,012 0 25,012 0
Change in unrealized investment gain/loss relating to assets held at the reporting date $ 175 $ 0 $ 12 $ 0