XML 62 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6

Loss and Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2012

Loss and Loss Adjustment Expense Reserves

Loss and loss adjustment expense ("LAE") reserve activities

		Three Months Ended March 31,
Millions		2012			2011
Gross beginning balance		$	5,702.3		$	5,736.8
Less beginning reinsurance recoverable on unpaid losses		(2,507.3		)	(2,344.0		)
Net loss and LAE reserves		3,195.0			3,392.8
Less:  Beginning net loss and LAE reserves for AutoOne (1)		—			(77.3		)
Loss and LAE incurred relating to:
Current year losses		257.9			375.7
Prior year losses		4.8			(17.3		)
Total incurred losses and LAE		262.7			358.4
Accretion of fair value adjustment to loss and LAE reserves		7.1			2.1
Foreign currency translation adjustment to loss and LAE reserves		11.8			21.1
Loss and LAE paid relating to:
Current year losses		(46.7		)	(44.5		)
Prior year losses		(384.5		)	(269.7		)
Total loss and LAE payments		(431.2		)	(314.2		)
Plus:  Ending net loss and LAE reserves for AutoOne (1)		—			72.7
Net ending balance		3,045.4			3,455.6
Plus ending reinsurance recoverable on unpaid losses		2,465.4			2,304.1
Gross ending balance		$	5,510.8		$	5,759.7

(1) Loss and LAE reserve balances for AutoOne prior to December 31, 2011 were not classified as held for sale for the three months ended March 31, 2011.  Adjustment is to present loss and LAE reserve activities from continuing operations.

X

- Details

Name:	us-gaap_InsuranceLossReservesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 94-5

-Paragraph 11

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 40

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437

+ Details

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration