| Fixed maturity securities, available-for-sale, at fair value (amortized cost of $9,596,052 and $9,289,444) |
| Short-term investments, at fair value |
528M |
| Other invested assets |
165M |
| Total investment portfolio |
11.45B |
| Cash |
98M |
| Premiums receivable, net of ceding commissions payable |
608M |
| Ceded unearned premium reserve |
213M |
| Deferred acquisition costs |
108M |
| Reinsurance recoverable on unpaid losses |
| Salvage and subrogation recoverable |
| Credit derivative assets |
28M |
| Deferred tax asset, net |
| Current income tax receivable |
| Financial guaranty variable interest entities' assets, at fair value |
877M |
| Other assets |
291M |
| Total assets |
14.67B |
| Unearned premium reserve |
3.67B |
| Loss and loss adjustment expense reserve |
| Reinsurance balances payable, net |
71M |
| Long-term debt |
1.3B |
| Credit derivative liabilities |
509M |
| Current income tax payable |
| Financial guaranty variable interest entities' liabilities with recourse, at fair value |
| Financial guaranty variable interest entities' liabilities without recourse, at fair value |
| Other liabilities |
375M |
| Total liabilities |
8.03B |
| Commitments and contingencies (See Note 12) |
0 |
| Common stock ($0.01 par value, 500,000,000 shares authorized; 184,192,736 and 183,744,655 shares issued and outstanding in 2011 and 2010) |
1M |
| Additional paid-in capital |
1.17B |
| Retained earnings |
5.11B |
| Accumulated other comprehensive income, net of tax provision (benefit) of $66,293 and $17,746 |
358M |
| Deferred equity compensation (181,818 shares) |
5M |
| Total shareholders' equity |
| Total liabilities and shareholders' equity |
14.67B |
