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Consolidated Statements Of Cash Flows (Debtor-In-Possession) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:    
Net loss attributable to common shareholders $ (1,960,431) $ (753,199)
Noncontrolling interest in subsidiaries' earnings 60 63
Net loss (1,960,371) (753,136)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,733 3,645
Amortization of bond premium and discount (186,314) (125,884)
Reorganization items 49,861 31,980
Share-based compensation (15,459) 5,364
Current income taxes 73,175 443,972
Deferred acquisition costs 27,139 29,055
Unearned premiums, net (507,174) (1,443,282)
Losses and loss expenses, net 1,786,959 646,442
Ceded premiums payable (25,895) (150,393)
Investment income due and accrued (262) 27,996
Premium receivables 394,117 1,295,562
Accrued interest payable 108,461 14,583
Net mark-to-market gains (31,031) (2,803,512)
Net realized investment gains (20,466) (159,451)
Other-than-temporary impairment charges 63,843 59,803
Variable interest entity activities 214,368 616,688
Other, net 28,873 171,055
Transfers to restricted cash   2,500
Net cash provided by (used in) operating activities 3,557 (2,087,013)
Cash flows from investing activities:    
Proceeds from sales of bonds 635,178 2,448,814
Proceeds from matured bonds 675,932 701,288
Purchases of bonds (1,251,271) (1,124,881)
Change in short-term investments 208,496 253,210
Loans, net 1,171 60,243
Change in swap collateral receivable (45,380) 117,143
Other, net 3,900 15,891
Net cash provided by investing activities 228,026 2,471,708
Cash flows from financing activities:    
Proceeds received from a newly established variable interest entity 35,600  
Dividends paid-subsidiary shares to noncontrolling interest   (817)
Proceeds from issuance of investment and repurchase agreements 123 1,315
Payments for investment and repurchase agreement draws (258,364) (400,206)
Net cash collateral received (2,440) (87,569)
Net cash used in financing activities (225,081) (487,277)
Net cash flow 6,502 (102,582)
Cash at January 1 9,497 112,079
Cash at December 31 15,999 9,497
Supplemental disclosure of cash flow information:    
Income taxes 1,991   
Interest expense on long-term debt   61,568
Interest on investment agreements 8,456 19,584
Cash receipts and payments related to reorganization items:    
Professional fees paid for services rendered in connection with the Chapter 11 proceeding $ 31,253