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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
The Company and its Affiliates are subject to claims, legal proceedings and other contingencies in the ordinary course of their business activities. Each of these matters is subject to various uncertainties, and it is possible that some of these matters may be resolved in a manner unfavorable to the Company or its Affiliates. The Company and its Affiliates establish accruals for matters for which the outcome is probable and the amount of the liability can be reasonably estimated. Management believes that any liability in excess of these accruals upon the ultimate resolution of these matters will not have a material adverse effect on the Company.
Certain Affiliates operate under regulatory authorities which require that they maintain minimum financial or capital requirements. Management is not aware of any significant violations of such financial requirements occurring during the period.
In connection with a past acquisition agreement, the Company has committed to co-invest in certain investment partnerships where it serves as the general partner. As of June 30, 2013, these commitments totaled approximately $71.3 million and may be called in future periods. The Company is contractually entitled to reimbursement from the prior owner for $32.7 million of these commitments if they are called.
Under past acquisition agreements, the Company is contingently liable, upon achievement of specified financial targets, to make payments of up to $465.0 million through 2017. As of June 30, 2013, the Company expects to make payments of $217.0 million (none in 2013) to settle these contingent obligations, including $142.0 million related to the Company's equity method investments. The net present value of the expected payments for consolidated Affiliates totals $44.3 million as of June 30, 2013.