| Fixed maturities - available for sale, at market value (amortized cost: 2011, $11,924,068; 2010, $12,011,336) |
| Fixed maturities - available for sale, at fair value |
| Equity securities - available for sale, at market value (cost: 2011, $452,942; 2010, $363,283) |
| Equity securities - available for sale, at fair value |
| Short-term investments |
314.49M |
| Other invested assets (cost: 2011, $581,803; 2010, $603,681) |
1.31B |
| Cash |
435.8M |
| Total investments and cash |
17.54B |
| Accrued investment income |
101.01M |
| Premiums receivable |
1.67B |
| Reinsurance receivables |
965.43M |
| Funds held by reinsureds |
241.98M |
| Deferred acquisition costs |
349.32M |
| Prepaid reinsurance premiums |
232.92M |
| Deferred tax asset |
| Federal income taxes recoverable |
169.87M |
| Other assets |
395.97M |
| TOTAL ASSETS |
21.66B |
| Reserve for losses and loss adjustment expenses |
| Future policy benefit reserve |
57M |
| Unearned premium reserve |
1.7B |
| Funds held under reinsurance treaties |
23.57M |
| Commission reserves |
93.73M |
| Other net payable to reinsurers |
262.66M |
| Revolving credit borrowings |
| 5.4% Senior notes due 10/15/2014 |
| 6.6% Long term notes due 5/1/2067 |
| Junior subordinated debt securities payable |
| Accrued interest on debt and borrowings |
12.34M |
| Equity index put option liability |
35.22M |
| Other liabilities |
228.59M |
| Total liabilities |
13.62B |
| Commitments and contingencies (Note 8) |
| Preferred shares, par value: $0.01; 50,000 shares authorized; no shares issued and outstanding |
| Common shares, par value: $0.01; 200,000 shares authorized; (2011) 66,363 and (2010) 66,017 outstanding before treasury shares |
688K |
| Additional paid-in capital |
2.13B |
| Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $121,456 at 2011 and $102,868 at 2010 |
75.83M |
| Treasury shares, at cost; 12,017 shares (2011) and 11,589 shares (2010) |
-3.27B |
| Retained earnings |
9.1B |
| Total shareholders' equity |
8.04B |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
21.66B |
