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Property and Casualty Unpaid Claims and Claim Expenses (Tables) | 12 Months Ended
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Dec. 31, 2013
Property and Casualty Unpaid Claims and Claim Expenses [Abstract] |
Reconciliation of property and casualty unpaid claims and claim expenses | The following table sets forth an analysis of property and casualty unpaid claims and claim expenses and provides a reconciliation of beginning and ending reserves for the periods indicated.
|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Property and casualty segment |  |  |  |  |  |  |  |  |  |
Gross reserves, beginning of year (1) |  | $ | 274,542 |  | $ | 281,080 |  | $ | 301,622 |
Less reinsurance recoverables |  |  | 13,705 |  |  | 11,463 |  |  | 12,225 |
Net reserves, beginning of year (2) |  |  | 260,837 |  |  | 269,617 |  |  | 289,397 |
Incurred claims and claim expenses: |  |  |  |  |  |  |  |  |  |
Claims occurring in the current year |  |  | 403,589 |  |  | 406,605 |  |  | 452,827 |
Decrease in estimated reserves for |  |  |  |  |  |  |  |  |  |
claims occurring in prior years (3) |  |  | (17,988) |  |  | (17,175) |  |  | (10,310) |
Total claims and claim expenses incurred (4) |  |  | 385,601 |  |  | 389,430 |  |  | 442,517 |
Claims and claim expense payments |  |  |  |  |  |  |  |  |  |
for claims occurring during: |  |  |  |  |  |  |  |  |  |
Current year |  |  | 265,831 |  |  | 271,286 |  |  | 314,759 |
Prior years |  |  | 118,905 |  |  | 126,924 |  |  | 147,539 |
Total claims and claim expense payments |  |  | 384,736 |  |  | 398,210 |  |  | 462,298 |
Net reserves, end of year (2) |  |  | 261,702 |  |  | 260,837 |  |  | 269,617 |
Plus reinsurance recoverables |  |  | 14,107 |  |  | 13,705 |  |  | 11,463 |
Gross reserves, end of year (1) |  | $ | 275,809 |  | $ | 274,542 |  | $ | 281,080 |
| (1) | Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for the life and annuity segments of $15,818, $14,853, $13,729 and $14,073 as of December 31, 2013, 2012, 2011 and 2010, respectively, in addition to property and casualty segment reserves.
| (2) | Reserves net of anticipated reinsurance recoverables.
| (3) | Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs. Also refer to the paragraphs below for additional information regarding the reserve development recorded in 2013, 2012 and 2011.
| (4) | Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for the life and annuity segments of $62,716, $58,820 and $59,917 for the years ended December 31, 2013, 2012 and 2011, respectively, in addition to the property and casualty segment amounts.

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- 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 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
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