25. Equity Investment in Unconsolidated Subsidiary

The following table summarizes total assets and total liabilities as of December 31, 2011 and 2010, and the results of operations for the Company’s unconsolidated equity method investment in ACAC for the years ended December 31, 2011 and 2010:


	As of December 31,
(Amounts in Thousands)	2011		2010
Balance sheet data:
Investments	$	782,711	$	840,504
Premiums and other receivables		441,817		363,505
Reinsurance recoverable – unpaid loss		775,444		695,023
Total assets		2,403,477		2,229,662
Reserve for insurance loss and loss adjustment expenses		1,053,137		1,081,630
Unearned insurance premiums and revenue		449,598		443,910
Total liabilities		2,026,179		1,903,984


	2011		2010
Results of operations:
Gross written premium	$	1,172,686	$	904,553
Net earned premium		498,205		560,917
Income from continuing operations		54,046		70,034
Net income		54,046		119,211