Everest (EG) 10-Q12 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2014	1-May-14
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'EVEREST RE GROUP LTD	'
Entity Central Index Key	'0001095073	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	46,107,042

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ASSETS:	'	'
Fixed maturities - available for sale, at market value (amortized cost: 2014, $12,708,891; 2013, $12,391,164)	$13,019,176	$12,636,907
Fixed maturities - available for sale, at fair value	'	19,388
Equity securities - available for sale, at market value (cost: 2014, $156,000; 2013, $148,342)	153,822	144,081
Equity securities - available for sale, at fair value	1,398,430	1,462,079
Short-term investments	1,363,852	1,214,199
Other invested assets (cost: 2014, $485,771; 2013, $508,447)	485,771	508,447
Cash	385,404	611,382
Total investments and cash	16,806,455	16,596,483
Accrued investment income	116,910	119,058
Premiums receivable	1,427,171	1,453,114
Reinsurance receivables	653,109	540,883
Funds held by reinsureds	224,961	228,000
Deferred acquisition costs	375,393	363,721
Prepaid reinsurance premiums	78,305	81,779
Income taxes	136,513	178,334
Other assets	293,578	246,664
TOTAL ASSETS	20,112,395	19,808,036
LIABILITIES:	'	'
Reserve for losses and loss adjustment expenses	9,611,114	9,673,240
Future policy benefit reserve	58,089	59,512
Unearned premium reserve	1,658,734	1,579,945
Funds held under reinsurance treaties	2,706	2,692
Commission reserves	57,312	66,160
Other net payable to reinsurers	116,883	116,387
Losses in course of payment	439,708	332,631
5.4% Senior notes due 10/15/2014	249,971	249,958
6.6% Long term notes due 5/1/2067	238,361	238,361
Accrued interest on debt and borrowings	12,092	4,781
Equity index put option liability	37,083	35,423
Unsettled securities payable	95,322	53,867
Other liabilities	182,341	333,425
Total liabilities	12,759,716	12,746,382
NONCONTROLLING INTERESTS:	'	'
Redeemable noncontrolling interest - MT. Logan Re	315,168	93,378
Commitments and contingencies (Note 9)	'	'
SHAREHOLDERS' EQUITY:	'	'
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; (2014) 68,171 and (2013) 67,965 outstanding before treasury shares	682	680
Additional paid-in capital	2,036,320	2,029,774
Accumulated other comprehensive income (loss), net of deferred income tax expense (benefit) of $65,137 at 2014 and $57,661 at 2013	211,207	157,728
Treasury shares, at cost; 22,114 shares (2014) and 20,422 shares (2013)	-2,235,856	-1,985,873
Retained earnings	7,025,158	6,765,967
Total shareholders' equity attributable to Everest Re Group	7,037,511	6,968,276
TOTAL LIABILITIES, NONCONTROLLING INTERESTS AND SHAREHOLDERS' EQUITY	$20,112,395	$19,808,036

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fixed maturities - available for sale, at amortized cost	$12,708,891	$12,391,164
Equity securities - available for sale, at cost	156,000	148,342
Other invested assets, at cost	485,771	508,447
Preferred shares, par value	$0.01	$0.01
Preferred shares, authorized	50,000,000	50,000,000
Preferred shares, issued	0	0
Preferred shares, outstanding	0	0
Common shares, par value	$0.01	$0.01
Common shares, authorized	200,000,000	200,000,000
Common shares, outstanding	68,171,000	67,965,000
Accumulated other comprehensive income (loss), deferred income tax expense (benefit)	$65,137	$57,661
Treasury shares	22,114,000	20,422,000
Senior Notes [Member]	'	'
Debt instrument, stated interest rate	5.40%	5.40%
Debt instrument, maturity date	15-Oct-14	15-Oct-14
Long Term Subordinated Notes [Member]	'	'
Debt instrument, stated interest rate	6.60%	6.60%
Debt instrument, maturity date	1-May-67	1-May-67

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUES:	'	'
Premiums earned	$1,144,490	$1,088,759
Net investment income	123,157	145,781
Net realized capital gains (losses):	'	'
Other-than-temporary impairments on fixed maturity securities	'	-191
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss)	'	'
Other net realized capital gains (losses)	21,126	126,926
Total net realized capital gains (losses)	21,126	126,735
Net derivative gain (loss)	-1,661	15,285
Other income (expense)	-3,296	-8,887
Total revenues	1,283,816	1,367,673
CLAIMS AND EXPENSES:	'	'
Incurred losses and loss adjustment expenses	619,409	592,644
Commission, brokerage, taxes and fees	246,002	233,046
Other underwriting expenses	50,638	52,946
Corporate expenses	4,945	5,717
Interest, fees and bond issue cost amortization expense	7,568	13,481
Total claims and expenses	928,562	897,834
INCOME (LOSS) BEFORE TAXES	355,254	469,839
Income tax expense (benefit)	53,232	85,496
NET INCOME (LOSS)	302,022	384,343
Net (income) loss attributable to noncontrolling interests	-8,089	'
NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP	293,933	384,343
Other comprehensive income (loss), net of tax :	'	'
Unrealized appreciation (depreciation) ("URA(D)") on securities arising during the period	53,471	-46,802
Reclassification adjustment for realized losses (gains) included in net income (loss)	1,874	-4,091
Total URA(D) on securities arising during the period	55,345	-50,893
Foreign currency translation adjustments	-2,637	-21,066
Benefit plan actuarial net gain (loss) for the period	'	'
Reclassification adjustment for amortization of net (gain) loss included in net income (loss)	771	1,346
Total benefit plan net gain (loss) for the period	771	1,346
Total other comprehensive income (loss), net of tax	53,479	-70,613
Other comprehensive (income) loss attributable to noncontrolling interests	'	'
Total other comprehensive income (loss), net of tax attributable to Everest Re Group	53,479	-70,613
COMPREHENSIVE INCOME (LOSS)	$347,412	$313,730
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO EVEREST RE GROUP:	'	'
Basic	$6.26	$7.56
Diluted	$6.21	$7.50
Dividends declared	$0.75	$0.48

Consolidated_Statements_Of_Cha

Consolidated Statements Of Changes In Shareholders' Equity (USD $)	Common Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss), Net Of Deferred Income Taxes [Member]	Retained Earnings [Member]	Treasury Shares At Cost [Member]	Total
In Thousands, except Share data	Common Shares [Member]	Additional Paid-In Capital [Member]		Retained Earnings [Member]	Treasury Shares At Cost [Member]	Total
Balance, beginning of period at Dec. 31, 2012	$671	$1,946,439	$537,049	$5,613,266	($1,363,958)	'
Balance, beginning of period, shares at Dec. 31, 2012	51,417,962	'	'	'	'	'
Issued during the period, shares	498,157	'	'	'	'	'
Treasury shares acquired, shares	-1,950,307	'	'	'	'	'
Issued during the period, net	5	'	'	'	'	'
Share-based compensation plans	'	32,527	'	'	'	'
Net increase (decrease) during the period	'	'	-70,613	'	'	-70,613
Net income (loss) attributable to Everest Re Group	'	'	'	384,343	'	384,343
Dividends declared ($0.75 per share in 2014 and $0.48 per share in 2013)	'	'	'	-24,231	'	-24,231
Purchase of treasury shares	'	'	'	'	-238,632	'
Balance, end of period at Mar. 31, 2013	676	1,978,966	466,436	5,973,378	-1,602,590	6,816,866
Balance, end of period, shares at Mar. 31, 2013	49,965,812	'	'	'	'	'
Balance, beginning of period at Dec. 31, 2013	680	2,029,774	157,728	6,765,967	-1,985,873	6,968,276
Balance, beginning of period, shares at Dec. 31, 2013	47,543,132	'	'	'	'	67,965,000
Issued during the period, shares	206,071	'	'	'	'	'
Treasury shares acquired, shares	-1,692,164	'	'	'	'	'
Issued during the period, net	2	'	'	'	'	'
Share-based compensation plans	'	6,546	'	'	'	'
Net increase (decrease) during the period	'	'	53,479	'	'	53,479
Net income (loss) attributable to Everest Re Group	'	'	'	293,933	'	293,933
Dividends declared ($0.75 per share in 2014 and $0.48 per share in 2013)	'	'	'	-34,742	'	-34,742
Purchase of treasury shares	'	'	'	'	-249,983	'
Balance, end of period at Mar. 31, 2014	$682	$2,036,320	$211,207	$7,025,158	($2,235,856)	$7,037,511
Balance, end of period, shares at Mar. 31, 2014	46,057,039	'	'	'	'	68,171,000

Consolidated_Statements_Of_Cha1

Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements Of Changes In Shareholders' Equity [Abstract]	'	'
Dividends declared	$0.75	$0.48

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	$302,022	$384,343
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Decrease (increase) in premiums receivable	25,533	-53,067
Decrease (increase) in funds held by reinsureds, net	3,399	4,584
Decrease (increase) in reinsurance receivables	-114,898	-92,736
Decrease (increase) in income taxes	34,417	64,227
Decrease (increase) in prepaid reinsurance premiums	2,359	3,446
Increase (decrease) in reserve for losses and loss adjustment expenses	-56,348	-127,942
Increase (decrease) in future policy benefit reserve	-1,423	-796
Increase (decrease) in unearned premiums	80,016	54,323
Increase (decrease) in other net payables to reinsurers	1,176	4,188
Increase (decrease) in losses in course of payment	107,003	148,773
Change in equity adjustments in limited partnerships	2,313	-17,356
Distribution of limited partnership income	8,600	33,686
Change in other assets and liabilities, net	-23,959	-43,814
Non-cash compensation expense	4,427	5,614
Amortization of bond premium (accrual of bond discount)	13,572	18,607
Amortization of underwriting discount on senior notes	14	13
Net realized capital (gains) losses	-21,126	-126,735
Net cash provided by (used in) operating activities	367,097	259,358
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Proceeds from fixed maturities matured/called - available for sale, at market value	490,745	612,044
Proceeds from fixed maturities matured/called - available for sale, at fair value	875	3,000
Proceeds from fixed maturities sold - available for sale, at market value	328,709	254,496
Proceeds from fixed maturities sold - available for sale, at fair value	20,763	3,664
Proceeds from equity securities sold - available for sale, at market value	534	1,229
Proceeds from equity securities sold - available for sale, at fair value	178,598	106,175
Distributions from other invested assets	17,077	50,016
Cost of fixed maturities acquired - available for sale, at market value	-1,163,440	-1,016,289
Cost of fixed maturities acquired - available for sale, at fair value	-1,309	-1,295
Cost of equity securities acquired - available for sale, at market value	-8,546	-1,566
Cost of equity securities acquired - available for sale, at fair value	-92,329	-122,617
Cost of other invested assets acquired	-4,961	-6,684
Net change in short-term investments	-152,715	78,507
Net change in unsettled securities transactions	1,564	-8,467
Net cash provided by (used in) investing activities	-384,435	-47,787
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Common shares issued during the period, net	2,121	26,918
Purchase of treasury shares	-249,983	-238,632
Third party investment in redeemable noncontrolling interest	70,700	'
Dividends paid to shareholders	-34,742	-24,231
Net cash provided by (used in) financing activities	-211,904	-235,945
EFFECT OF EXCHANGE RATE CHANGES ON CASH	3,264	11,460
Net increase (decrease) in cash	-225,978	-12,914
Cash, beginning of period	611,382	537,050
Cash, end of period	385,404	524,136
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Income taxes paid (recovered)	16,260	19,188
Interest paid	$174	$6,001

General

General	3 Months Ended
General	Mar. 31, 2014
General [Abstract]	'
General	'

	1. GENERAL

	Everest Re Group, Ltd. ("Group"), a Bermuda company, through its subsidiaries, principally provides reinsurance and insurance in the U.S., Bermuda and international markets. As used in this document, "Company" means Group and its subsidiaries.

	Effective February 27, 2013, the Company established a new subsidiary, Mt. Logan Re Ltd. ("Mt. Logan Re") and effective July 1, 2013, Mt. Logan Re established separate segregated accounts and issued non-voting redeemable preferred shares to capitalize the segregated accounts. Accordingly, the financial position and operating results for Mt. Logan Re are consolidated with the Company and the non-controlling interests in Mt. Logan Re's operating results and equity are presented as separate captions in the Company's financial statements.

Basis_Of_Presentation

Basis Of Presentation	3 Months Ended
Basis Of Presentation	Mar. 31, 2014
Basis Of Presentation [Abstract]	'
Basis Of Presentation	'
	2. BASIS OF PRESENTATION

	The unaudited consolidated financial statements of the Company for the three months ended March 31, 2014 and 2013 include all adjustments, consisting of normal recurring accruals, which, in the opinion of management, are necessary for a fair statement of the results on an interim basis. Certain financial information, which is normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), has been omitted since it is not required for interim reporting purposes. The December 31, 2013 consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results for the three months ended March 31, 2014 and 2013 are not necessarily indicative of the results for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the years ended December 31, 2013, 2012 and 2011 included in the Company's most recent Form 10-K filing.

	All intercompany accounts and transactions have been eliminated.

	Certain reclassifications and format changes have been made to prior years' amounts to conform to the 2014 presentation. One reclassification relates to a correction in the manner in which the Company reports distributions received from limited partnership investments in the consolidated Statements of Cash Flows. Prior to the fourth quarter of 2013, the Company incorrectly reflected all distributions as cash flows from investing activities in its Consolidated Statements of Cash Flows. Starting with the fourth quarter of 2013, cash distributions from the limited partnerships that represent net investment income are reflected as cash flows from operating activities and distributions that represent the return of capital contributions are reflected as cash flows from investing activities. For the three months ended March 31, 2013, $33,686 thousand has been reclassified from "Distributions from other invested assets" included in cash flows from investing activities to "Distribution of limited partnership income" included in cash flows from operations. The Company has determined that this error is not material to the financial statements of any prior period.

	Application of Recently Issued Accounting Standard Changes.

	Presentation of Comprehensive Income. In June 2011, FASB issued amendments to existing guidance to provide two alternatives for the presentation of comprehensive income. Components of net income and comprehensive income can either be presented within a single, continuous financial statement or be presented in two separate but consecutive financial statements. The Company has chosen to present the components of net income and comprehensive income in a single, continuous financial statement. The guidance is effective for reporting periods beginning after December 15, 2011. The Company implemented this guidance as of January 1, 2012. In February, 2013, the FASB issued an additional amendment for the presentation of amounts reclassified out of accumulated other comprehensive income by component. The Company implemented the proposed guidance as of January 1, 2013.


	Treatment of Insurance Contract Acquisition Costs. In October 2010, the FASB issued authoritative guidance for the accounting for costs associated with acquiring or renewing insurance contracts. The guidance identifies the incremental direct costs of contract acquisition and costs directly related to acquisition activities that should be capitalized. This guidance is effective for reporting periods beginning after December 15, 2011. The Company implemented this guidance as of January 1, 2012 and determined that $13,492 thousand of previously deferrable acquisition costs would be expensed, including $10,876 thousand and $2,616 thousand expensed in the years ended December 31, 2012 and 2013, respectively. No additional expense will be incurred related to this guidance implementation in future periods.

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2014
Investments [Abstract]	'
Investments	'
	3. INVESTMENTS

	The amortized cost, market value and gross unrealized appreciation and depreciation of available for sale, fixed maturity and equity security investments, carried at market value, are as follows for the periods indicated:


			At March 31, 2014
			Amortized			Unrealized			Unrealized				Market
	(Dollars in thousands)		Cost			Appreciation			Depreciation				Value
	Fixed maturity securities
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	161,235		$	2,755		$	(1,711	)		$	162,279
	Obligations of U.S. states and political subdivisions			927,315			43,571			(4,562	)			966,324
	Corporate securities			4,311,095			162,455			(19,196	)			4,454,354
	Asset-backed securities			181,005			3,273			(214	)			184,064
	Mortgage-backed securities
	Commercial			234,356			16,000			(1,022	)			249,334
	Agency residential			2,209,374			35,761			(30,791	)			2,214,344
	Non-agency residential			4,302			287			(184	)			4,405
	Foreign government securities			1,700,019			72,058			(23,806	)			1,748,271
	Foreign corporate securities			2,980,190			91,586			(35,975	)			3,035,801
	Total fixed maturity securities		$	12,708,891		$	427,746		$	(117,461	)		$	13,019,176
	Equity securities		$	156,000		$	4,828		$	(7,006	)		$	153,822



			At December 31, 2013
			Amortized			Unrealized			Unrealized				Market
	(Dollars in thousands)		Cost			Appreciation			Depreciation				Value
	Fixed maturity securities
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	160,013		$	2,690		$	(1,678	)		$	161,025
	Obligations of U.S. states and political subdivisions			970,735			40,815			(9,022	)			1,002,528
	Corporate securities			3,950,887			155,619			(27,090	)			4,079,416
	Asset-backed securities			169,980			3,485			(422	)			173,043
	Mortgage-backed securities
	Commercial			254,765			16,683			(1,007	)			270,441
	Agency residential			2,294,719			34,509			(50,175	)			2,279,053
	Non-agency residential			4,816			229			(226	)			4,819
	Foreign government securities			1,740,337			69,779			(29,347	)			1,780,769
	Foreign corporate securities			2,844,912			86,529			(45,628	)			2,885,813
	Total fixed maturity securities		$	12,391,164		$	410,338		$	(164,595	)		$	12,636,907
	Equity securities		$	148,342		$	4,336		$	(8,597	)		$	144,081

	The $1,748,271 thousand of foreign government securities at March 31, 2014 included $796,804 thousand of European sovereign securities. Approximately 52.5%, 21.9%, 6.7% and 5.6% of European sovereign securities represented securities held in the governments of the United Kingdom, France, Austria and the Netherlands, respectively. No other countries represented more than 5% of the European sovereign securities. The Company held no sovereign securities of Portugal, Italy, Ireland, Greece or Spain at March 31, 2014.


	In accordance with FASB guidance, the Company reclassified the non-credit portion of other-than-temporary impairments from retained earnings into accumulated other comprehensive income (loss), on April 1, 2009. The table below presents the pre-tax cumulative unrealized appreciation (depreciation) on those corporate securities, for the periods indicated:


	(Dollars in thousands)		At March 31, 2014			At December 31, 2013
	Pre-tax cumulative unrealized appreciation (depreciation)		$	3,245		$	3,169

	The amortized cost and market value of fixed maturity securities are shown in the following table by contractual maturity. Mortgage-backed securities are generally more likely to be prepaid than other fixed maturity securities. As the stated maturity of such securities may not be indicative of actual maturities, the totals for mortgage-backed and asset-backed securities are shown separately.


			At March 31, 2014						At December 31, 2013
			Amortized			Market			Amortized				Market
	(Dollars in thousands)		Cost			Value			Cost				Value
	Fixed maturity securities – available for sale:
	Due in one year or less		$	1,305,956		$	1,316,967		$	1,059,052			$	1,067,799
	Due after one year through five years			5,567,088			5,728,265			5,565,112				5,740,662
	Due after five years through ten years			2,237,873			2,278,200			2,081,908				2,101,234
	Due after ten years			968,937			1,043,597			960,812				999,856
Asset-backed securities			181,005			184,064			169,980				173,043
Mortgage-backed securities:
Commercial			234,356			249,334			254,765				270,441
Agency residential			2,209,374			2,214,344			2,294,719				2,279,053
Non-agency residential			4,302			4,405			4,816				4,819
Total fixed maturity securities		$	12,708,891		$	13,019,176		$	12,391,164			$	12,636,907

The changes in net unrealized appreciation (depreciation) for the Company's investments are derived from the following sources for the periods indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Increase (decrease) during the period between the market value and cost
of investments carried at market value, and deferred taxes thereon:
Fixed maturity securities		$	64,466		$	(47,947	)
Fixed maturity securities, other-than-temporary impairment			76			(228	)
Equity securities			2,083			(2,017	)
Other invested assets			-			-
Change in unrealized appreciation (depreciation), pre-tax			66,625			(50,192	)
Deferred tax benefit (expense)			(11,280	)		(735	)
Deferred tax benefit (expense), other-than-temporary impairment			-			34
Change in unrealized appreciation (depreciation),
net of deferred taxes, included in shareholders' equity		$	55,345		$	(50,893	)

The Company frequently reviews all of its fixed maturity, available for sale securities for declines in market value and focuses its attention on securities whose fair value has fallen below 80% of their amortized cost at the time of review. The Company then assesses whether the decline in value is temporary or other-than-temporary. In making its assessment, the Company evaluates the current market and interest rate environment as well as specific issuer information. Generally, a change in a security's value caused by a change in the market, interest rate or foreign exchange environment does not constitute an other-than-temporary impairment, but rather a temporary decline in market value. Temporary declines in market value are recorded as unrealized losses in accumulated other comprehensive income (loss). If the Company determines that the decline is other-than-temporary and the Company does not have the intent to sell the security; and it is more likely than not that the Company will not have to sell the security before recovery of its cost basis, the carrying value of the investment is written down to fair value. The fair value adjustment that is credit or foreign exchange related is recorded in net realized capital gains (losses) in the Company's consolidated statements of operations and comprehensive income (loss). The fair value adjustment that is


non-credit related is recorded as a component of other comprehensive income (loss), net of tax, and is included in accumulated other comprehensive income (loss) in the Company's consolidated balance sheets. The Company's assessments are based on the issuers current and expected future financial position, timeliness with respect to interest and/or principal payments, speed of repayments and any applicable credit enhancements or breakeven constant default rates on mortgage-backed and asset-backed securities, as well as relevant information provided by rating agencies, investment advisors and analysts.

The majority of the Company's equity securities available for sale at market value are primarily comprised of mutual fund investments whose underlying securities consist of fixed maturity securities. When a fund's value reflects an unrealized loss, the Company assesses whether the decline in value is temporary or other-than-temporary. In making its assessment, the Company considers the composition of its portfolios and their related markets, reports received from the portfolio managers and discussions with portfolio managers. If the Company determines that the declines are temporary and it has the ability and intent to continue to hold the investments, then the declines are recorded as unrealized losses in accumulated other comprehensive income (loss). If declines are deemed to be other-than-temporary, then the carrying value of the investment is written down to fair value and recorded in net realized capital gains (losses) in the Company's consolidated statements of operations and comprehensive income (loss).

Retrospective adjustments are employed to recalculate the values of asset-backed securities. All of the Company's asset-backed and mortgage-backed securities have a pass-through structure. Each acquisition lot is reviewed to recalculate the effective yield. The recalculated effective yield is used to derive a book value as if the new yield were applied at the time of acquisition. Outstanding principal factors from the time of acquisition to the adjustment date are used to calculate the prepayment history for all applicable securities. Conditional prepayment rates, computed with life to date factor histories and weighted average maturities, are used in the calculation of projected prepayments for pass-through security types.
The tables below display the aggregate market value and gross unrealized depreciation of fixed maturity and equity securities, by security type and contractual maturity, in each case subdivided according to length of time that individual securities had been in a continuous unrealized loss position for the periods indicated:


		Duration of Unrealized Loss at March 31, 2014 By Security Type
		Less than 12 months						Greater than 12 months							Total
					Gross							Gross					Gross
					Unrealized							Unrealized					Unrealized
(Dollars in thousands)		Market Value			Depreciation			Market Value				Depreciation			Market Value		Depreciation
Fixed maturity securities - available for sale
U.S. Treasury securities and obligations of
U.S. government agencies and corporations		$	54,900		$	(988	)	$	8,689			$	(723	)	$	63,589	$	(1,711	)
Obligations of U.S. states and political subdivisions			35,182			(1,091	)		68,552				(3,471	)		103,734		(4,562	)
Corporate securities			1,055,875			(14,522	)		106,380				(4,674	)		1,162,255		(19,196	)
Asset-backed securities			22,658			(128	)		119				(86	)		22,777		(214	)
Mortgage-backed securities
Commercial			-			-			11,287				(1,022	)		11,287		(1,022	)
Agency residential			597,387			(10,129	)		608,422				(20,662	)		1,205,809		(30,791	)
Non-agency residential			1,559			(11	)		392				(173	)		1,951		(184	)
Foreign government securities			371,847			(12,538	)		159,214				(11,268	)		531,061		(23,806	)
Foreign corporate securities			828,567			(21,720	)		239,057				(14,255	)		1,067,624		(35,975	)
Total fixed maturity securities		$	2,967,975		$	(61,127	)	$	1,202,112			$	(56,334	)	$	4,170,087	$	(117,461	)
Equity securities			136,145			(7,006	)		-				-			136,145		(7,006	)
Total		$	3,104,120		$	(68,133	)	$	1,202,112			$	(56,334	)	$	4,306,232	$	(124,467	)




		Duration of Unrealized Loss at March 31, 2014 By Maturity
		Less than 12 months						Greater than 12 months							Total
					Gross							Gross					Gross
					Unrealized							Unrealized					Unrealized
(Dollars in thousands)		Market Value			Depreciation			Market Value				Depreciation			Market Value		Depreciation
Fixed maturity securities
Due in one year or less		$	182,786		$	(5,312	)	$	46,643			$	(5,320	)	$	229,429	$	(10,632	)
Due in one year through five years			1,331,340			(23,562	)		288,624				(12,169	)		1,619,964		(35,731	)
Due in five years through ten years			740,585			(18,467	)		124,208				(7,167	)		864,793		(25,634	)
Due after ten years			91,660			(3,518	)		122,417				(9,735	)		214,077		(13,253	)
Asset-backed securities			22,658			(128	)		119				(86	)		22,777		(214	)
Mortgage-backed securities			598,946			(10,140	)		620,101				(21,857	)		1,219,047		(31,997	)
Total fixed maturity securities		$	2,967,975		$	(61,127	)	$	1,202,112			$	(56,334	)	$	4,170,087	$	(117,461	)

The aggregate market value and gross unrealized losses related to investments in an unrealized loss position at March 31, 2014 were $4,306,232 thousand and $124,467 thousand, respectively. The market value of securities for the single issuer whose securities comprised the largest unrealized loss position at March 31, 2014, did not exceed 0.5% of the overall market value of the Company's fixed maturity securities. In addition, as indicated on the above table, there was no significant concentration of unrealized losses in any one market sector. The $61,127 thousand of unrealized losses related to fixed maturity securities that have been in an unrealized loss position for less than one year were generally comprised of foreign and domestic corporate securities, foreign government securities and agency residential mortgage-backed securities. Of these unrealized losses, $55,242 thousand were related to securities that were rated investment grade by at least one nationally recognized statistical rating organization. The $56,334 thousand of unrealized losses related to fixed maturity securities in an unrealized loss position for more than one year related primarily to agency residential mortgage-backed securities, domestic and foreign corporate securities, foreign government securities and municipal securities. Of these unrealized losses, $54,566 thousand related to securities that were rated investment grade by at least one nationally recognized statistical rating organization. The gross unrealized depreciation for mortgage-backed securities included $230 thousand related to sub-prime and alt-A loans. In all instances, there were no projected cash flow shortfalls to recover the full book value of the investments and the related interest obligations. The mortgage-backed securities still have excess credit coverage and are current on interest and principal payments.

The Company, given the size of its investment portfolio and capital position, does not have the intent to sell these securities; and it is more likely than not that the Company will not have to sell the security before recovery of its cost basis. In addition, all securities currently in an unrealized loss position are current with respect to principal and interest payments.

The tables below display the aggregate market value and gross unrealized depreciation of fixed maturity and equity securities, by security type and contractual maturity, in each case subdivided according to length of time that individual securities had been in a continuous unrealized loss position for the periods indicated:


		Duration of Unrealized Loss at December 31, 2013 By Security Type
		Less than 12 months						Greater than 12 months							Total
					Gross							Gross					Gross
					Unrealized							Unrealized					Unrealized
(Dollars in thousands)		Market Value			Depreciation			Market Value				Depreciation			Market Value		Depreciation
Fixed maturity securities - available for sale
U.S. Treasury securities and obligations of
U.S. government agencies and corporations		$	74,847		$	(1,033	)	$	8,751			$	(645	)	$	83,598	$	(1,678	)
Obligations of U.S. states and political subdivisions			92,760			(4,852	)		39,689				(4,170	)		132,449		(9,022	)
Corporate securities			959,396			(22,331	)		75,946				(4,759	)		1,035,342		(27,090	)
Asset-backed securities			5,494			(6	)		1,128				(416	)		6,622		(422	)
Mortgage-backed securities
Commercial			51			-			11,353				(1,007	)		11,404		(1,007	)
Agency residential			1,220,845			(40,420	)		264,640				(9,755	)		1,485,485		(50,175	)
Non-agency residential			1,758			(22	)		1,541				(204	)		3,299		(226	)
Foreign government securities			409,252			(20,350	)		85,029				(8,997	)		494,281		(29,347	)
Foreign corporate securities			872,907			(34,819	)		151,748				(10,809	)		1,024,655		(45,628	)
Total fixed maturity securities		$	3,637,310		$	(123,833	)	$	639,825			$	(40,762	)	$	4,277,135	$	(164,595	)
Equity securities			127,030			(8,597	)		-				-			127,030		(8,597	)
Total		$	3,764,340		$	(132,430	)	$	639,825			$	(40,762	)	$	4,404,165	$	(173,192	)



		Duration of Unrealized Loss at December 31, 2013 By Maturity
		Less than 12 months						Greater than 12 months							Total
					Gross							Gross					Gross
					Unrealized							Unrealized					Unrealized
(Dollars in thousands)		Market Value			Depreciation			Market Value				Depreciation			Market Value		Depreciation
Fixed maturity securities
Due in one year or less		$	143,098		$	(3,503	)	$	46,691			$	(5,330	)	$	189,789	$	(8,833	)
Due in one year through five years			1,125,680			(25,365	)		204,779				(11,279	)		1,330,459		(36,644	)
Due in five years through ten years			810,969			(35,169	)		48,064				(3,844	)		859,033		(39,013	)
Due after ten years			329,415			(19,348	)		61,629				(8,927	)		391,044		(28,275	)
Asset-backed securities			5,494			(6	)		1,128				(416	)		6,622		(422	)
Mortgage-backed securities			1,222,654			(40,442	)		277,534				(10,966	)		1,500,188		(51,408	)
Total fixed maturity securities		$	3,637,310		$	(123,833	)	$	639,825			$	(40,762	)	$	4,277,135	$	(164,595	)


The aggregate market value and gross unrealized losses related to investments in an unrealized loss position at December 31, 2013 were $4,404,165 thousand and $173,192 thousand, respectively. The market value of securities for the single issuer whose securities comprised the largest unrealized loss position at December 31, 2013, did not exceed 0.4% of the overall market value of the Company's fixed maturity securities. In addition, as indicated on the above table, there was no significant concentration of unrealized losses in any one market sector. The $123,833 thousand of unrealized losses related to fixed maturity securities that have been in an unrealized loss position for less than one year were generally comprised of domestic and foreign corporate securities, foreign government securities and agency residential mortgage-backed securities. Of these unrealized losses, $112,658 thousand were related to securities that were rated investment grade by at least one nationally recognized statistical rating organization. The $40,762 thousand of unrealized losses related to fixed maturity securities in an unrealized loss position for more than one year related primarily to domestic and foreign corporate securities, foreign government securities, municipal securities and agency residential mortgage-backed securities. Of these unrealized losses, $38,964 thousand related to securities that were rated investment grade by at least one nationally recognized statistical rating organization. The gross unrealized depreciation for mortgage-backed securities included $273 thousand related to sub-prime and alt-A loans. In all instances, there were no projected cash flow shortfalls to recover the full book value of the investments and the related interest obligations. The mortgage-backed securities still have excess credit coverage and are current on interest and principal payments.


The components of net investment income are presented in the table below for the periods indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Fixed maturities		$	116,253		$	120,757
Equity securities			11,459			9,741
Short-term investments and cash			330			304
Other invested assets
Limited partnerships			(2,258	)		17,483
Other			2,021			2,321
Gross investment income before adjustments			127,805			150,606
Funds held interest income (expense)			3,017			4,429
Future policy benefit reserve income (expense)			(303	)		(531	)
Gross investment income			130,519			154,504
Investment expenses			(7,362	)		(8,723	)
Net investment income		$	123,157		$	145,781

(Some amounts may not reconcile due to rounding.)

The Company records results from limited partnership investments on the equity method of accounting with changes in value reported through net investment income. Due to the timing of receiving financial information from these partnerships, the results are generally reported on a one month or quarter lag. If the Company determines there has been a significant decline in value of a limited partnership during this lag period, a loss will be recorded in the period in which the Company identifies the decline.

The Company had contractual commitments to invest up to an additional $121,387 thousand in limited partnerships at March 31, 2014. These commitments will be funded when called in accordance with the partnership agreements, which have investment periods that expire, unless extended, through 2018.

The components of net realized capital gains (losses) are presented in the table below for the periods indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Fixed maturity securities, market value:
Other-than-temporary impairments		$	-		$	(191	)
Gains (losses) from sales			(1,948	)		4,877
Fixed maturity securities, fair value:
Gains (losses) from sales			940			(58	)
Gains (losses) from fair value adjustments			-			84
Equity securities, market value:
Gains (losses) from sales			(488	)		233
Equity securities, fair value:
Gains (losses) from sales			(1,415	)		8,019
Gains (losses) from fair value adjustments			24,035			113,757
Short-term investments gain (loss)			2			14
Total net realized capital gains (losses)		$	21,126		$	126,735

The Company recorded as net realized capital gains (losses) in the consolidated statements of operations and comprehensive income (loss) both fair value re-measurements and write-downs in the value of securities deemed to be impaired on an other-than-temporary basis as displayed in the table above. The Company had no other-than-temporary impaired securities where the impairment had both a credit and non-credit component.


The proceeds and split between gross gains and losses, from sales of fixed maturity and equity securities, are presented in the table below for the periods indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Proceeds from sales of fixed maturity securities		$	349,472		$	258,160
Gross gains from sales			7,936			7,713
Gross losses from sales			(8,944	)		(2,894	)

Proceeds from sales of equity securities		$	179,132		$	107,404
Gross gains from sales			6,620			9,102
Gross losses from sales			(8,523	)		(850	)

Derivatives

Derivatives	3 Months Ended
Derivatives	Mar. 31, 2014
Derivatives [Abstract]	'
Derivatives	'
	4. DERIVATIVES

	The Company sold seven equity index put option contracts, based on two indices, in 2001 and 2005, which remain outstanding. The Company sold these equity index put options as insurance products with the intent of achieving a profit. These equity index put option contracts meet the definition of a derivative under FASB guidance and the Company's position in these equity index put option contracts is unhedged. Accordingly, these equity index put option contracts are carried at fair value in the consolidated balance sheets with changes in fair value recorded in the consolidated statements of operations and comprehensive income (loss).

	The Company sold six equity index put option contracts, based on the Standard & Poor's 500 ("S&P 500") index, for total consideration, net of commissions, of $22,530 thousand. At March 31, 2014, fair value for these equity index put option contracts was $30,516 thousand. These equity index put option contracts each have a single exercise date, with maturities ranging from 12 to 30 years and strike prices ranging from $1,141.21 to $1,540.63. No amounts will be payable under these equity index put option contracts if the S&P 500 index is at, or above, the strike prices on the exercise dates, which fall between June 2017 and March 2031. If the S&P 500 index is lower than the strike price on the applicable exercise date, the amount due would vary proportionately with the percentage by which the index is below the strike price. Based on historical index volatilities and trends and the March 31, 2014 S&P 500 index value, the Company estimates the probability that each equity index put option contract of the S&P 500 index falling below the strike price on the exercise date to be less than 25%. The theoretical maximum payouts under these six equity index put option contracts would occur if on each of the exercise dates the S&P 500 index value were zero. At March 31, 2014, the present value of these theoretical maximum payouts using a 3% discount factor was $410,762 thousand. Conversely, if the contracts had all expired on March 31, 2014, with the S&P index at $1,872.34, there would have been no settlement amount.

	The Company sold one equity index put option contract based on the FTSE 100 index for total consideration, net of commissions, of $6,706 thousand. At March 31, 2014, fair value for this equity index put option contract was $6,567 thousand. This equity index put option contract has an exercise date of July 2020 and a strike price of £5,989.75. No amount will be payable under this equity index put option contract if the FTSE 100 index is at, or above, the strike price on the exercise date. If the FTSE 100 index is lower than the strike price on the exercise date, the amount due will vary proportionately with the percentage by which the index is below the strike price. Based on historical index volatilities and trends and the March 31, 2014 FTSE 100 index value, the Company estimates the probability that the equity index put option contract of the FTSE 100 index will fall below the strike price on the exercise date to be less than 41%. The theoretical maximum payout under the equity index put option contract would occur if on the exercise date the FTSE 100 index value was zero. At March 31, 2014, the present value of the theoretical maximum payout using a 3% discount factor and current exchange rate was $45,416 thousand. Conversely, if the contract had expired on March 31, 2014, with the FTSE index at £6,598.40, there would have been no settlement amount.


	The fair value of the equity index put options can be found in the Company's consolidated balance sheets as follows:


	(Dollars in thousands)
	Derivatives not designated as	Location of fair value	At			At
	hedging instruments	in balance sheets	31-Mar-14			31-Dec-13

	Equity index put option contracts	Equity index put option liability	$	37,083		$	35,423
	Total		$	37,083		$	35,423


	The change in fair value of the equity index put option contracts can be found in the Company's statement of operations and comprehensive income (loss) as follows:


	(Dollars in thousands)		For the Three Months Ended
	Derivatives not designated as	Location of gain (loss) in statements of	March 31,
	hedging instruments	operations and comprehensive income (loss)	2014			2013

	Equity index put option contracts	Net derivative gain (loss)	$	(1,661	)	$	15,285
	Total		$	(1,661	)	$	15,285

	The Company's equity index put option contracts contain provisions that require collateralization of the fair value, as calculated by the counterparty, above a specified threshold, which is based on the Company's financial strength ratings (Moody's Investors Service, Inc.) and/or debt ratings (Standard & Poor's Ratings Services). The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on March 31, 2014, was $37,083 thousand for which the Company had posted collateral with a market value of $30,014 thousand. If on March 31, 2014, the Company's ratings were such that the collateral threshold was zero, the Company's collateral requirement would increase by $55,000 thousand.

Fair_Value

Fair Value	3 Months Ended
Fair Value	Mar. 31, 2014
Fair Value [Abstract]	'
Fair Value	'

	5. FAIR VALUE

	The Company's fixed maturity and equity securities are primarily managed by third party investment asset managers. The investment asset managers obtain prices from nationally recognized pricing services. These services seek to utilize market data and observations in their evaluation process. They use pricing applications that vary by asset class and incorporate available market information and when fixed maturity securities do not trade on a daily basis the services will apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing. In addition, they use model processes, such as the Option Adjusted Spread model to develop prepayment and interest rate scenarios for securities that have prepayment features.

	In limited instances where prices are not provided by pricing services or in rare instances when a manager may not agree with the pricing service, price quotes on a non-binding basis are obtained from investment brokers. The investment asset managers do not make any changes to prices received from either the pricing services or the investment brokers. In addition, the investment asset managers have procedures in place to review the reasonableness of the prices from the service providers and may request verification of the prices. In addition, the Company continually performs analytical reviews of price changes and tests the prices on a random basis to an independent pricing source. No material variances were noted during these price validation procedures. In limited situations, where financial markets are inactive or illiquid, the Company may use its own assumptions about future cash flows and risk-adjusted discount rates to determine fair value. The Company made no such adjustments at March 31, 2014 and December 31, 2013.

	The Company internally manages a small public equity portfolio which had a fair value at March 31, 2014 and December 31, 2013 of $184,175 thousand and $174,628 thousand, respectively, and all prices were obtained from publically published sources.


	Equity securities in U.S. denominated currency are categorized as Level 1, Quoted Prices in Active Markets for Identical Assets, since the securities are actively traded on an exchange and prices are based on quoted prices from the exchange. Equity securities traded on foreign exchanges are categorized as Level 2 due to potential foreign exchange adjustments to fair or market value.

	Fixed maturity securities are generally categorized as Level 2, Significant Other Observable Inputs, since a particular security may not have traded but the pricing services are able to use valuation models with observable market inputs such as interest rate yield curves and prices for similar fixed maturity securities in terms of issuer, maturity and seniority. Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk) are categorized as Level 3, Significant Unobservable Inputs. These securities include broker priced securities and the Company's equity index put option contracts.

	As of March 31, 2014 and December 31, 2013, all Level 3 fixed maturity securities, were priced using single non-binding broker quotes since prices for these securities were not provided by normal pricing service companies. The single broker quotes are provided by market makers or broker-dealers who are recognized as market participants in the markets in which they are providing the quotes. The prices received from brokers are reviewed for reasonableness by the third party asset managers and the Company.

	The Company sold seven equity index put option contracts which meet the definition of a derivative. The Company's position in these contracts is unhedged. The Company records the change in fair value of equity index put option contracts in its consolidated statements of operations and comprehensive income (loss).

	The fair value was calculated using an industry accepted option pricing model, Black-Scholes, which used the following assumptions:


		At March 31, 2014
				Contract
		Contracts		based on
		based on		FTSE 100
		S & P 500 Index		Index
	Equity index	1,872.3		6,598.4
	Interest rate	1.28% to 3.64%		2.52%
	Time to maturity	3.1 to 17.0 yrs		6.3 yrs
	Volatility	20.8% to 25.0%		23.20%


	The following table presents the fair value measurement levels for all assets and liabilities, which the Company has recorded at fair value (fair and market value) as of the periods indicated:


						Fair Value Measurement Using:
						Quoted Prices
						in Active			Significant
						Markets for			Other			Significant
						Identical			Observable			Unobservable
						Assets			Inputs			Inputs
	(Dollars in thousands)		31-Mar-14			(Level 1)			(Level 2)			(Level 3)
	Assets:
	Fixed maturities, market value
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	162,279		$	-		$	162,279		$	-
	Obligations of U.S. States and political subdivisions			966,324			-			966,324			-
	Corporate securities			4,454,354			-			4,454,354			-
	Asset-backed securities			184,064			-			180,392			3,672
	Mortgage-backed securities
	Commercial			249,334			-			249,334			-
	Agency residential			2,214,344			-			2,214,344			-
	Non-agency residential			4,405			-			4,141			264
	Foreign government securities			1,748,271			-			1,748,271			-
	Foreign corporate securities			3,035,801			-			3,035,328			473
	Total fixed maturities, market value			13,019,176			-			13,014,767			4,409

	Fixed maturities, fair value			-			-			-			-
	Equity securities, market value			153,822			136,145			17,677			-
	Equity securities, fair value			1,398,430			1,282,347			116,083			-

	Liabilities:
	Equity index put option contracts		$	37,083		$	-		$	-		$	37,083

There were no transfers between Level 1 and Level 2 for the three months ended March 31, 2014.


The following table presents the fair value measurement levels for all assets and liabilities, which the Company has recorded at fair value (fair and market value) as of the periods indicated:



					Fair Value Measurement Using:
					Quoted Prices
					in Active			Significant
					Markets for			Other			Significant
					Identical			Observable			Unobservable
					Assets			Inputs			Inputs
(Dollars in thousands)		31-Dec-13			(Level 1)			(Level 2)			(Level 3)
Assets:
Fixed maturities, market value
U.S. Treasury securities and obligations of
U.S. government agencies and corporations		$	161,025		$	-		$	161,025		$	-
Obligations of U.S. States and political subdivisions			1,002,528			-			1,002,528			-
Corporate securities			4,079,416			-			4,079,416			-
Asset-backed securities			173,043			-			167,744			5,299
Mortgage-backed securities
Commercial			270,441			-			270,441			-
Agency residential			2,279,053			-			2,279,053			-
Non-agency residential			4,819			-			4,472			347
Foreign government securities			1,780,769			-			1,780,769			-
Foreign corporate securities			2,885,813			-			2,885,332			481
Total fixed maturities, market value			12,636,907			-			12,630,780			6,127

Fixed maturities, fair value			19,388			-			19,388			-
Equity securities, market value			144,081			127,030			17,051			-
Equity securities, fair value			1,462,079			1,342,278			119,801			-

Liabilities:
Equity index put option contracts		$	35,423		$	-		$	-		$	35,423

The following tables present the activity under Level 3, fair value measurements using significant unobservable inputs by asset type, for the periods indicated:


		Three Months Ended March 31, 2014												Three Months Ended March 31, 2013
		Asset-backed			Foreign			Non-agency						Asset-backed			Foreign			Non-agency			Agency
(Dollars in thousands)		Securities			Corporate			RMBS			Total			Securities			Corporate			RMBS			RMBS			Total
Beginning balance		$	5,299		$	481		$	347		$	6,127		$	4,849		$	11,913		$	426		$	34,842		$	52,030
Total gains or (losses) (realized/unrealized)
Included in earnings			18			1			138			157			(99	)		-			57			-			(42	)
Included in other comprehensive income (loss)			33			-			(21	)		12			(190	)		(123	)		7			-			(306	)
Purchases, issuances and settlements			(742	)		(9	)		(200	)		(951	)		126			743			(83	)		-			786
Transfers in and/or (out) of Level 3			(936	)		-			-			(936	)		-			(10,254	)		-			(34,842	)		(45,096	)
Ending balance		$	3,672		$	473		$	264		$	4,409		$	4,686		$	2,279		$	407		$	-		$	7,372

The amount of total gains or losses for the period included
in earnings (or changes in net assets) attributable to the
change in unrealized gains or losses relating to assets
still held at the reporting date		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

(Some amounts may not reconcile due to rounding.)

The transfers from level 3, fair value measurements using significant unobservable inputs, of $936 thousand and $45,096 thousand of investments for the three months ended March 31, 2014 and March 31, 2013, respectively, primarily relate to securities that were priced using single non-binding broker quotes as of December 31, 2013 and December 31, 2012, respectively. The securities were subsequently priced using a recognized pricing service as of March 31, 2014 and March 31, 2013, respectively, and were classified as level 2 as of those dates.


The following table presents the activity under Level 3, fair value measurements using significant unobservable inputs for equity index put option contracts, for the periods indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Liabilities:
Balance, beginning of period		$	35,423		$	79,467
Total (gains) or losses (realized/unrealized)
Included in earnings			1,661			(15,285	)
Included in other comprehensive income (loss)			-			-
Purchases, issuances and settlements			-			-
Transfers in and/or (out) of Level 3			-			-
Balance, end of period		$	37,083		$	64,181

The amount of total gains or losses for the period included in earnings
(or changes in net assets) attributable to the change in unrealized
gains or losses relating to liabilities still held at the reporting date		$	-		$	-

(Some amounts may not reconcile due to rounding.)

Redeemable_Noncontrolling_Inte

Redeemable Noncontrolling Interest - MT. Logan RE	3 Months Ended
Redeemable Noncontrolling Interest - MT. Logan RE	Mar. 31, 2014
Redeemable Noncontrolling Interest - MT. Logan RE [Abstract]	'
Redeemable Noncontrolling Interest - MT. Logan RE	'
	6. REDEEMABLE NONCONTROLLING INTEREST – MT. LOGAN RE

	Mt. Logan Re is a Class 3 insurer registered in Bermuda effective February 27, 2013 under The Segregated Accounts Companies Act 2000 and 100% of the voting common shares are owned by Group. Separate segregated accounts have been established effective July 1, 2013 and non-voting, redeemable preferred shares have been issued to capitalize the segregated accounts. Each segregated account will invest in a diversified set of catastrophe exposures, diversified by risk/peril and across different geographic regions globally. The financial statements for Mt. Logan Re are consolidated with the Company with adjustments reflected for the third party noncontrolling interests reflected as separate captions in the Company's financial statements.

	The following table presents the activity for redeemable noncontrolling interests in the consolidated balance sheets for the periods indicated:


		At March 31,		At December 31,
	(Dollars in thousands)	2014		2013
	Redeemable noncontrolling interests - Mt. Logan Re, beginning of period	$	93,378	$	-
	Unaffiliated third party investments during period		213,700		87,500
	Net income (loss) attributable to noncontrolling interests		8,089		5,878
	Redeemable noncontrolling interests - Mt. Logan Re, end of period	$	315,168	$	93,378

	(Some amounts may not reconcile due to rounding.)

	In addition, the Company has invested $50,000 thousand in the segregated accounts from inception to date.

	The Company expects its participation level in the segregated funds to fluctuate over time.

Capital_Transactions

Capital Transactions	3 Months Ended
Capital Transactions	Mar. 31, 2014
Capital Transactions [Abstract]	'
Capital Transactions	'
	7. CAPITAL TRANSACTIONS

	On October 14, 2011, the Company renewed its shelf registration statement on Form S-3ASR with the Securities and Exchange Commission (the "SEC"), as a Well Known Seasoned Issuer. This shelf registration statement can be used by Group to register common shares, preferred shares, debt securities, warrants, share purchase contracts and share purchase units; by Holdings to register debt securities and by Everest Re Capital Trust III ("Capital Trust III") to register trust preferred securities.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Mar. 31, 2014
Earnings Per Common Share [Abstract]	'
Earnings Per Common Share	'
	8. EARNINGS PER COMMON SHARE

	Basic earnings per share are calculated by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that would occur if options granted under various share-based compensation plans were exercised resulting in the issuance of common shares that would participate in the earnings of the entity.

	Net income (loss) attributable to Everest Re Group per common share has been computed as per below, based upon weighted average common basic and dilutive shares outstanding.


			Three Months Ended
			March 31,
	(Dollars in thousands, except per share amounts)		2014			2013
	Net income (loss) attributable to Everest Re Group per share:
		Numerator
		Net income (loss) attributable to Everest Re Group	$	293,933		$	384,343
		Less: dividends declared-common shares and nonvested common shares		(34,742	)		(24,231	)
		Undistributed earnings		259,191			360,112
		Percentage allocated to common shareholders (1)		99	%		99.2	%
				256,717			357,222
		Add: dividends declared-common shareholders		34,391			24,019
		Numerator for basic and diluted earnings per common share	$	291,108		$	381,241

		Denominator
		Denominator for basic earnings per weighted-average common shares		46,479			50,423
		Effect of dilutive securities:
		Options		434			399
		Denominator for diluted earnings per adjusted weighted-average common shares		46,913			50,822

		Per common share net income (loss)
		Basic	$	6.26		$	7.56
		Diluted	$	6.21		$	7.5

	-1	Basic weighted-average common shares outstanding		46,479			50,423
		Basic weighted-average common shares outstanding and nonvested common shares expected to vest		46,927			50,831
		Percentage allocated to common shareholders		99	%		99.2	%

	(Some amounts may not reconcile due to rounding.)


	The table below presents the options to purchase common shares that were outstanding, but were not included in the computation of earnings per diluted share as they were anti-dilutive, for the periods indicated:


		Three Months Ended
		March 31,
		2014	2013
	Anti-dilutive options	-	454

	All outstanding options expire on or between September 21, 2014 and September 19, 2022.

Contingencies

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2014
Contingencies [Abstract]	'
Contingencies	'
	9. CONTINGENCIES

	In the ordinary course of business, the Company is involved in lawsuits, arbitrations and other formal and informal dispute resolution procedures, the outcomes of which will determine the Company's rights and obligations under insurance and reinsurance agreements. In some disputes, the Company seeks to enforce its rights under an agreement or to collect funds owing to it. In other matters, the Company is resisting attempts by others to collect funds or enforce alleged rights. These disputes arise from time to time and are ultimately resolved through both informal and formal means, including negotiated resolution, arbitration and litigation. In all such matters, the Company believes that its positions are legally and commercially reasonable. The Company considers the statuses of these proceedings when determining its reserves for unpaid loss and loss adjustment expenses.

	Aside from litigation and arbitrations related to these insurance and reinsurance agreements, the Company is not a party to any other material litigation or arbitration.
	In 1993 and prior, the Company had a business arrangement with The Prudential Insurance Company of America ("The Prudential") wherein, for a fee, the Company accepted settled claim payment obligations of certain property and casualty insurers, and, concurrently, became the owner of the annuity or assignee of the annuity proceeds funded by the property and casualty insurers specifically to fulfill these fully settled obligations. In these circumstances, the Company would be liable if The Prudential, which has an A+ (Superior) financial strength rating from A.M. Best Company ("A.M. Best"), was unable to make the annuity payments. The table below presents the estimated cost to replace all such annuities for which the Company was contingently liable for the periods indicated:


	(Dollars in thousands)	At March 31, 2014		At December 31, 2013
		$	144,411	$	144,734

	Prior to its 1995 initial public offering, the Company purchased annuities from an unaffiliated life insurance company with an A+ (Superior) financial strength rating from A.M. Best to settle certain claim liabilities of the company. Should the life insurance company become unable to make the annuity payments, the Company would be liable for those claim liabilities. The table below presents the estimated cost to replace all such annuities for which the Company was contingently liable for the periods indicated:


	(Dollars in thousands)	At March 31, 2014		At December 31, 2013
		$	30,123	$	30,664

Other_Comprehensive_Income_Los

Other Comprehensive Income (Loss)	3 Months Ended
Other Comprehensive Income (Loss)	Mar. 31, 2014
Other Comprehensive Income (Loss) [Abstract]	'
Other Comprehensive Income (Loss)	'
	10. OTHER COMPREHENSIVE INCOME (LOSS)

	The following table presents the components of comprehensive income (loss) in the consolidated statements of operations for the periods indicated:



		Three Months Ended March 31, 2014									Three Months Ended March 31, 2013
	(Dollars in thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Unrealized appreciation (depreciation) ("URA(D)") on securities - temporary	$	64,113		$	(10,718	)	$	53,395		$	(45,045	)	$	(1,563	)	$	(46,608	)
	URA(D) on securities - OTTI		76			-			76			(228	)		34			(194	)
	Reclassification of net realized losses (gains) included in net income (loss)		2,436			(562	)		1,874			(4,919	)		828			(4,091	)
	Foreign currency translation adjustments		(6,856	)		4,219			(2,637	)		(25,156	)		4,090			(21,066	)
	Reclassification of benefit plan liability amortization included in net income (loss)		1,186			(415	)		771			2,070			(724	)		1,346
	Total other comprehensive income (loss)	$	60,955		$	(7,476	)	$	53,479		$	(73,278	)	$	2,665		$	(70,613	)


	The following table presents details of the amounts reclassified from accumulated other comprehensive income ("AOCI") for the periods indicated:


		Three months ended			Three months ended			Affected line item within the statements of
	AOCI component	31-Mar-14			31-Mar-13			operations and comprehensive income (loss)
	(Dollars in thousands)
	URA(D) on securities	$	2,436		$	(4,919	)	Other net realized capital gains (losses)
			(562	)		828		Income tax expense (benefit)
		$	1,874		$	(4,091	)	Net income (loss)

	Benefit plan net gain (loss)	$	1,186		$	2,070		Other underwriting expenses
			(415	)		(724	)	Income tax expense (benefit)
		$	771		$	1,346		Net income (loss)


	The following table presents the components of accumulated other comprehensive income (loss), net of tax, in the consolidated balance sheets for the periods indicated:


		At March 31,			At December 31,
	(Dollars in thousands)	2014			2013
	Beginning balance of URA (D) on securities	$	201,154		$	603,928
	Current period change in URA (D) of investments - temporary		55,269			(401,335	)
	Current period change in URA (D) of investments - non-credit OTTI		76			(1,439	)
	Ending balance of URA (D) on securities		256,499			201,154

	Beginning balance of foreign currency translation adjustments		(4,530	)		(4,368	)
	Current period change in foreign currency translation adjustments		(2,637	)		(162	)
	Ending balance of foreign currency translation adjustments		(7,167	)		(4,530	)

	Beginning balance of benefit plan net gain (loss)		(38,896	)		(62,511	)
	Current period change in benefit plan net gain (loss)		771			23,615
	Ending balance of benefit plan net gain (loss)		(38,125	)		(38,896	)

	Ending balance of accumulated other comprehensive income (loss)	$	211,207		$	157,728

	(Some amounts may not reconcile due to rounding.)

Credit_Facilities

Credit Facilities	3 Months Ended
Credit Facilities	Mar. 31, 2014
Credit Facilities [Abstract]	'
Credit Facilities	'
	11. CREDIT FACILITIES

	The Company has three credit facilities for a total commitment of up to $1,250,000 thousand, providing for the issuance of letters of credit and/or unsecured revolving credit lines. The following table presents the costs incurred in connection with the three credit facilities for the periods indicated:


			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Credit facility fees incurred		$	174		$	1,129

	The terms and outstanding amounts for each facility are discussed below:
	Group Credit Facility

	Effective June 22, 2012, Group, Bermuda Re and Everest International entered into a four year, $800,000 thousand senior credit facility with a syndicate of lenders, which amended and restated in its entirety the July 27, 2007, five year, $850,000 thousand senior credit facility. Both the June 22, 2012 and July 27, 2007 senior credit facilities, which have similar terms, are referred to as the "Group Credit Facility". Wells Fargo Corporation ("Wells Fargo Bank") is the administrative agent for the Group Credit Facility, which consists of two tranches. Tranche one provides up to $200,000 thousand of unsecured revolving credit for liquidity and general corporate purposes, and for the issuance of unsecured standby letters of credit. The interest on the revolving loans shall, at the Company's option, be either (1) the Base Rate (as defined below) or (2) an adjusted London Interbank Offered Rate ("LIBOR") plus a margin. The Base Rate is the higher of (a) the prime commercial lending rate established by Wells Fargo Bank, (b) the Federal Funds Rate plus 0.5% per annum or (c) the one month LIBOR Rate plus 1.0% per annum. The amount of margin and the fees payable for the Group Credit Facility depends on Group's senior unsecured debt rating. Tranche two exclusively provides up to $600,000 thousand for the issuance of standby letters of credit on a collateralized basis.

	The Group Credit Facility requires Group to maintain a debt to capital ratio of not greater than 0.35 to 1 and to maintain a minimum net worth. Minimum net worth is an amount equal to the sum of $4,249,963 thousand plus 25% of consolidated net income for each of Group's fiscal quarters, for which statements are available ending on or after January 1, 2012 and for which consolidated net income is positive, plus 25% of any increase in consolidated net worth during such period attributable to the issuance of ordinary and preferred shares, which at March 31, 2014, was $4,881,367 thousand. As of March 31, 2014, the Company was in compliance with all Group Credit Facility covenants.

	The following table summarizes the outstanding letters of credit and/or borrowings for the periods indicated:


	(Dollars in thousands)			At March 31, 2014								At December 31, 2013
	Bank			Commitment			In Use			Date of Expiry		Commitment			In Use			Date of Expiry
	Wells Fargo Bank Group Credit Facility	Tranche One		$	200,000		$	-				$	200,000		$	-
		Tranche Two			600,000			501,853		12/31/14			600,000			502,059		12/31/14
	Total Wells Fargo Bank Group Credit Facility			$	800,000		$	501,853				$	800,000		$	502,059

	Holdings Credit Facility

	Effective August 15, 2011, the Company entered into a three year, $150,000 thousand unsecured revolving credit facility with a syndicate of lenders, referred to as the "Holdings Credit Facility". Citibank N.A. is the administrative agent for the Holdings Credit Facility. The Holdings Credit Facility may be used for liquidity and general corporate purposes. The Holdings Credit Facility provides for the borrowing of up to $150,000 thousand with interest at a rate selected by Holdings equal to either, (1) the Base Rate (as defined below) or (2) a periodic fixed rate equal to the Eurodollar Rate plus an applicable margin. The Base Rate means a fluctuating interest rate per annum in effect from time to time to be equal to the higher of (a) the rate of interest publicly announced by Citibank as its base rate, (b) 0.5% per annum above the Federal Funds Rate or (c) 1% above the one month London Interbank Offered Rate ("LIBOR"), in each case plus the applicable margin. The amount of margin and the fees payable for the Holdings Credit Facility depends upon Holdings' senior unsecured debt rating.

	The Holdings Credit Facility requires Holdings to maintain a debt to capital ratio of not greater than 0.35 to 1 and Everest Re to maintain its statutory surplus at $1,875,000 thousand plus 25% of future aggregate net income and 25% of future aggregate capital contributions after December 31, 2010, which at March 31, 2014, was $2,155,750 thousand. As of March 31, 2014, Holdings was in compliance with all Holdings Credit Facility covenants.
	There are certain regulatory and contractual restrictions on the ability of Holdings' operating subsidiaries to transfer funds to Holdings in the form of cash dividends, loans or advances. The insurance laws of the State of Delaware, where Holdings' direct insurance subsidiaries are domiciled, require regulatory approval before those subsidiaries can pay dividends or make loans or advances to Holdings that exceed certain statutory thresholds. At December 31, 2013, $2,294,461 thousand of the $3,136,782 thousand in net assets of Holdings' consolidated subsidiaries were subject to the foregoing regulatory restrictions.

	The following table summarizes outstanding letters of credit and/or borrowings for the periods indicated:


	(Dollars in thousands)		At March 31, 2014									At December 31, 2013
	Bank		Commitment			In Use			Date of Loan	Maturity/Expiry Date		Commitment			In Use			Date of Loan	Maturity/Expiry Date
	Citibank Holdings Credit Facility		$	150,000		$	-					$	150,000		$	-
	Total revolving credit borrowings						-									-
	Total letters of credit						851			12/31/14						851			12/31/14

	Total Citibank Holdings Credit Facility		$	150,000		$	851					$	150,000		$	851

	Bermuda Re Letter of Credit Facility

	Bermuda Re has a $300,000 thousand letter of credit issuance facility with Citibank N.A. referred to as the "Bermuda Re Letter of Credit Facility", which commitment is reconfirmed annually with updated fees. The Bermuda Re Letter of Credit Facility provides for the issuance of up to $300,000 thousand of secured letters of credit to collateralize reinsurance obligations as a non-admitted reinsurer. The interest on drawn letters of credit shall be (A) 0.35% per annum of the principal amount of issued standard letters of credit (expiry of 15 months or less) and (B) 0.45% per annum of the principal amount of issued extended tenor letters of credit (expiry maximum of up to 60 months). The commitment fee on undrawn credit shall be 0.15% per annum.

	The following table summarizes the outstanding letters of credit for the periods indicated:


	(Dollars in thousands)		At March 31, 2014								At December 31, 2013
	Bank		Commitment			In Use			Date of Expiry		Commitment			In Use			Date of Expiry
	Citibank Bilateral Letter of Credit Agreement		$	300,000		$	3,672		11/24/14		$	300,000		$	119		8/30/14
							79,214		12/31/14						3,672		11/24/14
							80		8/30/15						79,336		12/31/14
							4,105		12/31/15						1,045		12/31/15
							107,343		3/30/18						22,800		12/31/17
							39,650		6/30/18						129,147		3/30/18
	Total Citibank Bilateral Agreement		$	300,000		$	234,064				$	300,000		$	236,119

Trust_Agreements

Trust Agreements	3 Months Ended
Trust Agreements	Mar. 31, 2014
Trust Agreements [Abstract]	'
Trust Agreements	'
	12. TRUST AGREEMENTS

	Certain subsidiaries of Group have established trust agreements, which effectively use the Company's investments as collateral, as security for assumed losses payable to certain non-affiliated ceding companies. At March 31, 2014, the total amount on deposit in trust accounts was $262,583 thousand.

Senior_Notes

Senior Notes

3 Months Ended

Mar. 31, 2014

Senior Notes [Abstract]

Senior Notes

13. SENIOR NOTES

The table below displays Holdings' outstanding senior notes. Market value is based on quoted market prices, but due to limited trading activity, these senior notes are considered Level 2 in the fair value hierarchy.

31-Mar-14

31-Dec-13

Consolidated Balance

(Dollars in thousands)

Date Issued

Date Due

Principal Amounts

Sheet Amount

Market Value

Sheet Amount

Market Value

5.40% Senior notes

10/12/04

10/15/14

250,000

249,971

256,500

249,958

259,130

Interest expense incurred in connection with these senior notes is as follows for the periods indicated:

Three Months Ended

March 31,

(Dollars in thousands)

2014

2013

Interest expense incurred

3,388

3,387

Long_Term_Subordinated_Notes

Long Term Subordinated Notes

3 Months Ended

Mar. 31, 2014

Long Term Subordinated Notes [Abstract]

Long Term Subordinated Notes

14. LONG TERM SUBORDINATED NOTES

The table below displays Holdings' outstanding fixed to floating rate long term subordinated notes. Market value is based on quoted market prices, but due to limited trading activity, these subordinated notes are considered Level 2 in the fair value hierarchy.

Maturity Date

31-Mar-14

31-Dec-13

Original

Consolidated Balance

(Dollars in thousands)

Date Issued

Principal Amount

Scheduled

Final

Sheet Amount

Market Value

Sheet Amount

Market Value

6.6% Long term subordinated notes

4/26/07

400,000

5/15/37

5/1/67

238,361

249,411

238,361

233,292

During the fixed rate interest period from May 3, 2007 through May 14, 2017, interest will be at the annual rate of 6.6%, payable semi-annually in arrears on November 15 and May 15 of each year, commencing on November 15, 2007, subject to Holdings' right to defer interest on one or more occasions for up to ten consecutive years. During the floating rate interest period from May 15, 2017 through maturity, interest will be based on the 3 month LIBOR plus 238.5 basis points, reset quarterly, payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, subject to Holdings' right to defer interest on one or more occasions for up to ten consecutive years. Deferred interest will accumulate interest at the applicable rate compounded semi-annually for periods prior to May 15, 2017, and compounded quarterly for periods from and including May 15, 2017.

Holdings can redeem the long term subordinated notes prior to May 15, 2017, in whole but not in part at the applicable redemption price, which will equal the greater of (a) 100% of the principal amount being redeemed and (b) the present value of the principal payment on May 15, 2017 and scheduled payments of interest that would have accrued from the redemption date to May 15, 2017 on the long term subordinated notes being redeemed, discounted to the redemption date on a semi-annual basis at a discount rate equal to the treasury rate plus an applicable spread of either 0.25% or 0.50%, in each case plus accrued and unpaid interest. Holdings may redeem the long term subordinated notes on or after May 15, 2017, in whole or in part at 100% of the principal amount plus accrued and unpaid interest; however, redemption on or after the scheduled maturity date and prior to May 1, 2047 is subject to a replacement capital covenant. This covenant is for the benefit of certain senior note holders and it mandates that Holdings receive proceeds from the sale of another subordinated debt issue, of at least similar size, before it may redeem the subordinated notes.

On March 19, 2009, Group announced the commencement of a cash tender offer for any and all of the 6.60% fixed to floating rate long term subordinated notes. Upon expiration of the tender offer, the Company had reduced its outstanding debt by $161,441 thousand.

Interest expense incurred in connection with these long term subordinated notes is as follows for the periods indicated:

Three Months Ended

March 31,

(Dollars in thousands)

2014

2013

Interest expense incurred

3,937

Junior_Subordinated_Debt_Secur

Junior Subordinated Debt Securities Payable	3 Months Ended
	Mar. 31, 2014
Junior Subordinated Debt Securities Payable [Abstract]	'
Junior Subordinated Debt Securities Payable	'
	15. JUNIOR SUBORDINATED DEBT SECURITIES PAYABLE

	In accordance with the provisions of the junior subordinated debt securities which were issued on March 29, 2004, Holdings elected to redeem the $329,897 thousand of 6.2% junior subordinated debt securities outstanding on May 24, 2013. As a result of the early redemption, the Company incurred pre-tax expense of $7,282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities.


	Interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated:


		Three Months Ended
		March 31,
	(Dollars in thousands)	2014		2013
	Interest expense incurred	$	-	$	5,113

	Holdings considered the mechanisms and obligations relating to the trust preferred securities, taken together, constituted a full and unconditional guarantee by Holdings of Capital Trust II's payment obligations with respect to their trust preferred securities.

Segment_Reporting

Segment Reporting	3 Months Ended
Segment Reporting	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	16. SEGMENT REPORTING

	The U.S. Reinsurance operation writes property and casualty reinsurance and specialty lines of business, including Marine, Aviation, Surety and Accident and Health ("A&H") business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S. The International operation writes non-U.S. property and casualty reinsurance through Everest Re's branches in Canada and Singapore and through offices in Brazil, Miami and New Jersey. The Bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its Bermuda office and reinsurance to the United Kingdom and European markets through its UK branch and Ireland Re. The Insurance operation writes property and casualty insurance, including medical stop loss insurance, directly and through general agents, brokers and surplus lines brokers within the U.S. and Canada. The Mt. Logan Re segment represents business written for the segregated accounts of Mt. Logan Re, which were formed on July 1, 2013. The Mt. Logan Re business represents a diversified set of catastrophe exposures, diversified by risk/peril and across different geographical regions globally.

	These segments, with the exception of Mt. Logan Re, are managed independently, but conform with corporate guidelines with respect to pricing, risk management, control of aggregate catastrophe exposures, capital, investments and support operations. Management generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results. The Mt. Logan Re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria.

	Underwriting results include earned premium less losses and loss adjustment expenses ("LAE") incurred, commission and brokerage expenses and other underwriting expenses. We measure our underwriting results using ratios, in particular loss, commission and brokerage and other underwriting expense ratios, which, respectively, divide incurred losses, commissions and brokerage and other underwriting expenses by premiums earned.

	Mt. Logan Re's business is sourced through operating subsidiaries of the Company; however, the activity is only reflected in the Mt. Logan Re segment. For other inter-affiliate reinsurance, business is generally reported within the segment in which the business was first produced, consistent with how the business is managed.

	Except for Mt. Logan Re, the Company does not maintain separate balance sheet data for its operating segments. Accordingly, the Company does not review and evaluate the financial results of its operating segments based upon balance sheet data.


	The following tables present the underwriting results for the operating segments for the periods indicated:


			Three Months Ended
	U.S. Reinsurance		March 31,
	(Dollars in thousands)		2014			2013
	Gross written premiums		$	495,641		$	434,791
	Net written premiums			497,757			434,639

	Premiums earned		$	429,641		$	392,616
	Incurred losses and LAE			213,455			198,158
	Commission and brokerage			92,968			87,326
	Other underwriting expenses			9,482			10,534
	Underwriting gain (loss)		$	113,736		$	96,598



			Three Months Ended
	International		March 31,
	(Dollars in thousands)		2014			2013
	Gross written premiums		$	321,242		$	297,560
	Net written premiums			309,037			293,982

	Premiums earned		$	318,381		$	311,978
	Incurred losses and LAE			163,174			161,199
	Commission and brokerage			70,974			71,444
	Other underwriting expenses			7,837			7,930
	Underwriting gain (loss)		$	76,396		$	71,405



			Three Months Ended
	Bermuda		March 31,
	(Dollars in thousands)		2014			2013
	Gross written premiums		$	183,415		$	195,758
	Net written premiums			182,570			195,823

	Premiums earned		$	173,686		$	185,333
	Incurred losses and LAE			94,508			91,996
	Commission and brokerage			45,708			43,651
	Other underwriting expenses			8,286			7,759
	Underwriting gain (loss)		$	25,184		$	41,927



			Three Months Ended
	Insurance		March 31,
	(Dollars in thousands)		2014			2013
	Gross written premiums		$	230,650		$	252,681
	Net written premiums			211,668			225,249

Premiums earned		$	203,237		$	198,832
Incurred losses and LAE			142,191			141,291
Commission and brokerage			34,209			30,625
Other underwriting expenses			23,233			26,723
Underwriting gain (loss)		$	3,604		$	193



		Three Months Ended
Mt. Logan Re		March 31,
(Dollars in thousands)		2014			2013
Gross written premiums		$	36,476		$	-
Net written premiums			26,557			-

Premiums earned		$	19,545		$	-
Incurred losses and LAE			6,081			-
Commission and brokerage			2,143			-
Other underwriting expenses			1,800			-
Underwriting gain (loss)		$	9,521		$	-
The following table reconciles the underwriting results for the operating segments to income before taxes as reported in the consolidated statements of operations and comprehensive income (loss) for the periods indicated:



		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
Underwriting gain (loss)		$	228,441		$	210,123
Net investment income			123,157			145,781
Net realized capital gains (losses)			21,126			126,735
Net derivative gain (loss)			(1,661	)		15,285
Corporate expenses			(4,945	)		(5,717	)
Interest, fee and bond issue cost amortization expense			(7,568	)		(13,481	)
Other income (expense)			(3,296	)		(8,887	)
Income (loss) before taxes		$	355,254		$	469,839

The Company produces business in the U.S., Bermuda and internationally. The net income deriving from and assets residing in the individual foreign countries in which the Company writes business are not identifiable in the Company's financial records. Based on gross written premium, the table below presents the largest country, other than the U.S., in which the Company writes business, for the period indicated:


		Three Months Ended
		March 31,
(Dollars in thousands)		2014			2013
United Kingdom		$	206,783		$	147,987

No other country represented more than 5% of the Company's revenues.

ShareBased_Compensation_Plans

Share-Based Compensation Plans	3 Months Ended
Share-Based Compensation Plans	Mar. 31, 2014
Share-Based Compensation Plans [Abstract]	'
Share-Based Compensation Plans	'
	17. SHARE-BASED COMPENSATION PLANS

	For the three months ended March 31, 2014, share-based compensation awards granted were 172,222 restricted shares, granted on February 26, 2014, with a fair value of $147.035 per share.

Retirement_Benefits

Retirement Benefits	3 Months Ended
Retirement Benefits	Mar. 31, 2014
Retirement Benefits [Abstract]	'
Retirement Benefits	'
	18. RETIREMENT BENEFITS

	The Company maintains both qualified and non-qualified defined benefit pension plans and a retiree health plan for its U.S. employees employed prior to April 1, 2010.

	Net periodic benefit cost for U.S. employees included the following components for the periods indicated:


	Pension Benefits	Three Months Ended
		March 31,
	(Dollars in thousands)	2014			2013
	Service cost	$	2,460		$	2,729
	Interest cost		2,542			2,074
	Expected return on plan assets		(2,823	)		(2,122	)
	Amortization of prior service cost		13			13
	Amortization of net (income) loss		1,091			1,904
	Net periodic benefit cost	$	3,283		$	4,598
	Other Benefits	Three Months Ended
		March 31,
	(Dollars in thousands)	2014			2013
	Service cost	$	407		$	499
	Interest cost		342			277
	Amortization of net (income) loss		82			154
	Net periodic benefit cost	$	831		$	930

	The Company did not make any contributions to the qualified pension benefit plan for the three months ended March 31, 2014 and 2013.

RelatedParty_Transactions

Related-Party Transactions	3 Months Ended
Related-Party Transactions	Mar. 31, 2014
Related-Party Transactions [Abstract]	'
Related-Party Transactions	'
	19. RELATED-PARTY TRANSACTIONS

	During the normal course of business, the Company, through its affiliates, engages in reinsurance and brokerage and commission business transactions with companies controlled by or affiliated with one or more of its outside directors. Such transactions, individually and in the aggregate, are not material to the Company's financial condition, results of operations and cash flows.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	20. INCOME TAXES

	The Company is domiciled in Bermuda and has significant subsidiaries and/or branches in Canada, Ireland, Singapore, the United Kingdom, and the United States. The Company's Bermuda domiciled subsidiaries are exempt from income taxation under Bermuda law until 2035. Pre-tax income generated by Group's non-Bermuda subsidiaries and the UK branch of Bermuda is subject to applicable federal, foreign, state and local taxes on corporations. Company subsidiaries domiciled in the US as well as the Canadian and Singapore branches of Everest Re generate US pre-tax income (loss). Foreign domiciled subsidiaries, including the UK branch of Bermuda Re, generate non-US pre-tax income (loss). Fluctuations in US and non-US pre-tax income (loss) primarily result from the impact of catastrophe losses and realized investment gains (losses).

	For interim reporting periods, the company is generally required to use the annualized effective tax rate ("AETR") method, as prescribed by ASC 740-270, Interim Reporting, to calculate its income tax provision. Under this method, the AETR is applied to the interim year-to-date pre-tax income to determine the income tax expense or benefit for the year-to-date period. The income tax expense or benefit for a quarter represents the difference between the year-to-date income tax expense or benefit for the current year-to-date period less such amount for the immediately preceding year-to-date period. Management considers the impact of all known events in its estimation of the Company's annual pre-tax income and AETR.

Subsequent_Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	21. SUBSEQUENT EVENTS

	On April 24, 2014, the Company entered into two reinsurance agreements with Kilimanjaro Re Limited ("Kilimanjaro"), a Bermuda-based special purpose reinsurer, to provide the Company with catastrophe reinsurance coverage. Kilimanjaro has funded the catastrophe reinsurance coverage through the issuance of two classes of catastrophe reinsurance bonds in an aggregate amount of $450,000 thousand.

Basis_Of_Presentation_Policy

Basis Of Presentation (Policy)	3 Months Ended
Basis Of Presentation (Policy)	Mar. 31, 2014
Basis Of Presentation [Abstract]	'
Presentation Of Comprehensive Income	'
Presentation Of Comprehensive Income	Presentation of Comprehensive Income. In June 2011, FASB issued amendments to existing guidance to provide two alternatives for the presentation of comprehensive income. Components of net income and comprehensive income can either be presented within a single, continuous financial statement or be presented in two separate but consecutive financial statements. The Company has chosen to present the components of net income and comprehensive income in a single, continuous financial statement. The guidance is effective for reporting periods beginning after December 15, 2011. The Company implemented this guidance as of January 1, 2012. In February, 2013, the FASB issued an additional amendment for the presentation of amounts reclassified out of accumulated other comprehensive income by component. The Company implemented the proposed guidance as of January 1, 2013.
Treatment Of Insurance Contract Acquisition Costs	'
Treatment Of Insurance Contract Acquisition Costs	Treatment of Insurance Contract Acquisition Costs. In October 2010, the FASB issued authoritative guidance for the accounting for costs associated with acquiring or renewing insurance contracts. The guidance identifies the incremental direct costs of contract acquisition and costs directly related to acquisition activities that should be capitalized. This guidance is effective for reporting periods beginning after December 15, 2011. The Company implemented this guidance as of January 1, 2012 and determined that $13,492 thousand of previously deferrable acquisition costs would be expensed, including $10,876 thousand and $2,616 thousand expensed in the years ended December 31, 2012 and 2013, respectively. No additional expense will be incurred related to this guidance implementation in future periods.

Investments_Tables

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2014
Investments [Abstract]	'
Summary Of Unrealized Appreciation (Depreciation) Of Available For Sale, Fixed Maturity And Equity Security Investments	'


			At March 31, 2014
			Amortized			Unrealized			Unrealized			Market
	(Dollars in thousands)		Cost			Appreciation			Depreciation			Value
	Fixed maturity securities
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	161,235		$	2,755		$	(1,711	)	$	162,279
	Obligations of U.S. states and political subdivisions			927,315			43,571			(4,562	)		966,324
	Corporate securities			4,311,095			162,455			(19,196	)		4,454,354
	Asset-backed securities			181,005			3,273			(214	)		184,064
	Mortgage-backed securities
	Commercial			234,356			16,000			(1,022	)		249,334
	Agency residential			2,209,374			35,761			(30,791	)		2,214,344
	Non-agency residential			4,302			287			(184	)		4,405
	Foreign government securities			1,700,019			72,058			(23,806	)		1,748,271
	Foreign corporate securities			2,980,190			91,586			(35,975	)		3,035,801
	Total fixed maturity securities		$	12,708,891		$	427,746		$	(117,461	)	$	13,019,176
	Equity securities		$	156,000		$	4,828		$	(7,006	)	$	153,822


			At December 31, 2013
			Amortized			Unrealized			Unrealized			Market
	(Dollars in thousands)		Cost			Appreciation			Depreciation			Value
	Fixed maturity securities
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	160,013		$	2,690		$	(1,678	)	$	161,025
	Obligations of U.S. states and political subdivisions			970,735			40,815			(9,022	)		1,002,528
	Corporate securities			3,950,887			155,619			(27,090	)		4,079,416
	Asset-backed securities			169,980			3,485			(422	)		173,043
	Mortgage-backed securities
	Commercial			254,765			16,683			(1,007	)		270,441
	Agency residential			2,294,719			34,509			(50,175	)		2,279,053
	Non-agency residential			4,816			229			(226	)		4,819
	Foreign government securities			1,740,337			69,779			(29,347	)		1,780,769
	Foreign corporate securities			2,844,912			86,529			(45,628	)		2,885,813
	Total fixed maturity securities		$	12,391,164		$	410,338		$	(164,595	)	$	12,636,907
	Equity securities		$	148,342		$	4,336		$	(8,597	)	$	144,081

Summary Of Pre-Tax Cumulative Unrealized Appreciation (Depreciation) On Corporate Securities	'

	(Dollars in thousands)		At March 31, 2014			At December 31, 2013
	Pre-tax cumulative unrealized appreciation (depreciation)		$	3,245		$	3,169
Summary Of Amortized Cost And Market Value Of Fixed Maturity Securities, By Contractual Maturity	'

			At March 31, 2014						At December 31, 2013
			Amortized			Market			Amortized			Market
	(Dollars in thousands)		Cost			Value			Cost			Value
	Fixed maturity securities – available for sale:
	Due in one year or less		$	1,305,956		$	1,316,967		$	1,059,052		$	1,067,799
	Due after one year through five years			5,567,088			5,728,265			5,565,112			5,740,662
	Due after five years through ten years			2,237,873			2,278,200			2,081,908			2,101,234
	Due after ten years			968,937			1,043,597			960,812			999,856
	Asset-backed securities			181,005			184,064			169,980			173,043
	Mortgage-backed securities:
	Commercial			234,356			249,334			254,765			270,441
	Agency residential			2,209,374			2,214,344			2,294,719			2,279,053
	Non-agency residential			4,302			4,405			4,816			4,819
	Total fixed maturity securities		$	12,708,891		$	13,019,176		$	12,391,164		$	12,636,907
Summary Of Changes In Net Unrealized Appreciation (Depreciation) For The Company's Investments	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Increase (decrease) during the period between the market value and cost
	of investments carried at market value, and deferred taxes thereon:
	Fixed maturity securities		$	64,466		$	(47,947	)
	Fixed maturity securities, other-than-temporary impairment			76			(228	)
	Equity securities			2,083			(2,017	)
	Other invested assets			-			-
	Change in unrealized appreciation (depreciation), pre-tax			66,625			(50,192	)
	Deferred tax benefit (expense)			(11,280	)		(735	)
	Deferred tax benefit (expense), other-than-temporary impairment			-			34
	Change in unrealized appreciation (depreciation),
	net of deferred taxes, included in shareholders' equity		$	55,345		$	(50,893	)
Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Security Type	'


			Duration of Unrealized Loss at March 31, 2014 By Security Type
			Less than 12 months						Greater than 12 months						Total
						Gross						Gross					Gross
						Unrealized						Unrealized					Unrealized
	(Dollars in thousands)		Market Value			Depreciation			Market Value			Depreciation			Market Value		Depreciation
	Fixed maturity securities - available for sale
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	54,900		$	(988	)	$	8,689		$	(723	)	$	63,589	$	(1,711	)
	Obligations of U.S. states and political subdivisions			35,182			(1,091	)		68,552			(3,471	)		103,734		(4,562	)
	Corporate securities			1,055,875			(14,522	)		106,380			(4,674	)		1,162,255		(19,196	)
	Asset-backed securities			22,658			(128	)		119			(86	)		22,777		(214	)
	Mortgage-backed securities
	Commercial			-			-			11,287			(1,022	)		11,287		(1,022	)
	Agency residential			597,387			(10,129	)		608,422			(20,662	)		1,205,809		(30,791	)
	Non-agency residential			1,559			(11	)		392			(173	)		1,951		(184	)
	Foreign government securities			371,847			(12,538	)		159,214			(11,268	)		531,061		(23,806	)
	Foreign corporate securities			828,567			(21,720	)		239,057			(14,255	)		1,067,624		(35,975	)
	Total fixed maturity securities		$	2,967,975		$	(61,127	)	$	1,202,112		$	(56,334	)	$	4,170,087	$	(117,461	)
	Equity securities			136,145			(7,006	)		-			-			136,145		(7,006	)
	Total		$	3,104,120		$	(68,133	)	$	1,202,112		$	(56,334	)	$	4,306,232	$	(124,467	)


			Duration of Unrealized Loss at December 31, 2013 By Security Type
			Less than 12 months						Greater than 12 months						Total
						Gross						Gross					Gross
						Unrealized						Unrealized					Unrealized
	(Dollars in thousands)		Market Value			Depreciation			Market Value			Depreciation			Market Value		Depreciation
	Fixed maturity securities - available for sale
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	74,847		$	(1,033	)	$	8,751		$	(645	)	$	83,598	$	(1,678	)
	Obligations of U.S. states and political subdivisions			92,760			(4,852	)		39,689			(4,170	)		132,449		(9,022	)
	Corporate securities			959,396			(22,331	)		75,946			(4,759	)		1,035,342		(27,090	)
	Asset-backed securities			5,494			(6	)		1,128			(416	)		6,622		(422	)
	Mortgage-backed securities
	Commercial			51			-			11,353			(1,007	)		11,404		(1,007	)
	Agency residential			1,220,845			(40,420	)		264,640			(9,755	)		1,485,485		(50,175	)
	Non-agency residential			1,758			(22	)		1,541			(204	)		3,299		(226	)
	Foreign government securities			409,252			(20,350	)		85,029			(8,997	)		494,281		(29,347	)
	Foreign corporate securities			872,907			(34,819	)		151,748			(10,809	)		1,024,655		(45,628	)
	Total fixed maturity securities		$	3,637,310		$	(123,833	)	$	639,825		$	(40,762	)	$	4,277,135	$	(164,595	)
	Equity securities			127,030			(8,597	)		-			-			127,030		(8,597	)
	Total		$	3,764,340		$	(132,430	)	$	639,825		$	(40,762	)	$	4,404,165	$	(173,192	)
Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Contractual Maturity	'

			Duration of Unrealized Loss at March 31, 2014 By Maturity
			Less than 12 months						Greater than 12 months						Total
						Gross						Gross					Gross
						Unrealized						Unrealized					Unrealized
	(Dollars in thousands)		Market Value			Depreciation			Market Value			Depreciation			Market Value		Depreciation
	Fixed maturity securities
	Due in one year or less		$	182,786		$	(5,312	)	$	46,643		$	(5,320	)	$	229,429	$	(10,632	)
	Due in one year through five years			1,331,340			(23,562	)		288,624			(12,169	)		1,619,964		(35,731	)
	Due in five years through ten years			740,585			(18,467	)		124,208			(7,167	)		864,793		(25,634	)
	Due after ten years			91,660			(3,518	)		122,417			(9,735	)		214,077		(13,253	)
	Asset-backed securities			22,658			(128	)		119			(86	)		22,777		(214	)
	Mortgage-backed securities			598,946			(10,140	)		620,101			(21,857	)		1,219,047		(31,997	)
	Total fixed maturity securities		$	2,967,975		$	(61,127	)	$	1,202,112		$	(56,334	)	$	4,170,087	$	(117,461	)


		Duration of Unrealized Loss at December 31, 2013 By Maturity
			Less than 12 months						Greater than 12 months						Total
						Gross						Gross					Gross
						Unrealized						Unrealized					Unrealized
	(Dollars in thousands)		Market Value			Depreciation			Market Value			Depreciation			Market Value		Depreciation
	Fixed maturity securities
	Due in one year or less		$	143,098		$	(3,503	)	$	46,691		$	(5,330	)	$	189,789	$	(8,833	)
	Due in one year through five years			1,125,680			(25,365	)		204,779			(11,279	)		1,330,459		(36,644	)
	Due in five years through ten years			810,969			(35,169	)		48,064			(3,844	)		859,033		(39,013	)
	Due after ten years			329,415			(19,348	)		61,629			(8,927	)		391,044		(28,275	)
	Asset-backed securities			5,494			(6	)		1,128			(416	)		6,622		(422	)
	Mortgage-backed securities			1,222,654			(40,442	)		277,534			(10,966	)		1,500,188		(51,408	)
	Total fixed maturity securities		$	3,637,310		$	(123,833	)	$	639,825		$	(40,762	)	$	4,277,135	$	(164,595	)
Summary Of Components Of Net Investment Income	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Fixed maturities		$	116,253		$	120,757
	Equity securities			11,459			9,741
	Short-term investments and cash			330			304
	Other invested assets
	Limited partnerships			(2,258	)		17,483
	Other			2,021			2,321
	Gross investment income before adjustments			127,805			150,606
	Funds held interest income (expense)			3,017			4,429
	Future policy benefit reserve income (expense)			(303	)		(531	)
	Gross investment income			130,519			154,504
	Investment expenses			(7,362	)		(8,723	)
	Net investment income		$	123,157		$	145,781

	(Some amounts may not reconcile due to rounding.)
Summary Of Components Of Net Realized Capital Gains (Losses)	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Fixed maturity securities, market value:
	Other-than-temporary impairments		$	-		$	(191	)
	Gains (losses) from sales			(1,948	)		4,877
	Fixed maturity securities, fair value:
	Gains (losses) from sales			940			(58	)
	Gains (losses) from fair value adjustments			-			84
	Equity securities, market value:
	Gains (losses) from sales			(488	)		233
	Equity securities, fair value:
	Gains (losses) from sales			(1,415	)		8,019
	Gains (losses) from fair value adjustments			24,035			113,757
	Short-term investments gain (loss)			2			14
	Total net realized capital gains (losses)		$	21,126		$	126,735
Summary Of Gross Gains (Losses) From Sales Of Fixed Maturity And Equity Securities	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Proceeds from sales of fixed maturity securities		$	349,472		$	258,160
	Gross gains from sales			7,936			7,713
	Gross losses from sales			(8,944	)		(2,894	)

	Proceeds from sales of equity securities		$	179,132		$	107,404
	Gross gains from sales			6,620			9,102
	Gross losses from sales			(8,523	)		(850	)

Derivatives_Tables

Derivatives (Tables)	3 Months Ended
Derivatives (Tables)	Mar. 31, 2014
Derivatives [Abstract]	'
Summary Of The Fair Value Of The Equity Index Put Options Found On The Company's Consolidated Balance Sheets	'

	(Dollars in thousands)
	Derivatives not designated as	Location of fair value	At			At
	hedging instruments	in balance sheets	31-Mar-14			31-Dec-13

	Equity index put option contracts	Equity index put option liability	$	37,083		$	35,423
	Total		$	37,083		$	35,423
Summary Of The Change In Fair Value Of The Equity Index Put Option Contracts Found On The Company's Statement Of Operations And Comprehensive Income (Loss)	'

	(Dollars in thousands)		For the Three Months Ended
	Derivatives not designated as	Location of gain (loss) in statements of	March 31,
	hedging instruments	operations and comprehensive income (loss)	2014			2013

	Equity index put option contracts	Net derivative gain (loss)	$	(1,661	)	$	15,285
	Total		$	(1,661	)	$	15,285

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
Fair Value (Tables)	Mar. 31, 2014
Fair Value [Abstract]	'
The Fair Value Calculated Using An Industry Accepted Option Pricing Model, Black-Scholes	'

		At March 31, 2014
				Contract
		Contracts		based on
		based on		FTSE 100
		S & P 500 Index		Index
	Equity index	1,872.3		6,598.4
	Interest rate	1.28% to 3.64%		2.52%
	Time to maturity	3.1 to 17.0 yrs		6.3 yrs
	Volatility	20.8% to 25.0%		23.20%
Fair Value Measurement Levels For All Assets And Liabilities	'
						Fair Value Measurement Using:
						Quoted Prices
						in Active			Significant
						Markets for			Other			Significant
						Identical			Observable			Unobservable
						Assets			Inputs			Inputs
	(Dollars in thousands)		31-Mar-14			(Level 1)			(Level 2)			(Level 3)
	Assets:
	Fixed maturities, market value
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	162,279		$	-		$	162,279		$	-
	Obligations of U.S. States and political subdivisions			966,324			-			966,324			-
	Corporate securities			4,454,354			-			4,454,354			-
	Asset-backed securities			184,064			-			180,392			3,672
	Mortgage-backed securities
	Commercial			249,334			-			249,334			-
	Agency residential			2,214,344			-			2,214,344			-
	Non-agency residential			4,405			-			4,141			264
	Foreign government securities			1,748,271			-			1,748,271			-
	Foreign corporate securities			3,035,801			-			3,035,328			473
	Total fixed maturities, market value			13,019,176			-			13,014,767			4,409

	Fixed maturities, fair value			-			-			-			-
	Equity securities, market value			153,822			136,145			17,677			-
	Equity securities, fair value			1,398,430			1,282,347			116,083			-

	Liabilities:
	Equity index put option contracts		$	37,083		$	-		$	-		$	37,083




						Fair Value Measurement Using:
						Quoted Prices
						in Active			Significant
						Markets for			Other			Significant
						Identical			Observable			Unobservable
						Assets			Inputs			Inputs
	(Dollars in thousands)		31-Dec-13			(Level 1)			(Level 2)			(Level 3)
	Assets:
	Fixed maturities, market value
	U.S. Treasury securities and obligations of
	U.S. government agencies and corporations		$	161,025		$	-		$	161,025		$	-
	Obligations of U.S. States and political subdivisions			1,002,528			-			1,002,528			-
	Corporate securities			4,079,416			-			4,079,416			-
	Asset-backed securities			173,043			-			167,744			5,299
	Mortgage-backed securities
	Commercial			270,441			-			270,441			-
	Agency residential			2,279,053			-			2,279,053			-
	Non-agency residential			4,819			-			4,472			347
	Foreign government securities			1,780,769			-			1,780,769			-
	Foreign corporate securities			2,885,813			-			2,885,332			481
	Total fixed maturities, market value			12,636,907			-			12,630,780			6,127

	Fixed maturities, fair value			19,388			-			19,388			-
	Equity securities, market value			144,081			127,030			17,051			-
	Equity securities, fair value			1,462,079			1,342,278			119,801			-

	Liabilities:
	Equity index put option contracts		$	35,423		$	-		$	-		$	35,423

Activity Under Level 3, Fair Value Measurements Using Significant Unobservable Inputs By Asset Type	'
			Three Months Ended March 31, 2014												Three Months Ended March 31, 2013
			Asset-backed			Foreign			Non-agency						Asset-backed			Foreign			Non-agency			Agency
	(Dollars in thousands)		Securities			Corporate			RMBS			Total			Securities			Corporate			RMBS			RMBS			Total
	Beginning balance		$	5,299		$	481		$	347		$	6,127		$	4,849		$	11,913		$	426		$	34,842		$	52,030
	Total gains or (losses) (realized/unrealized)
	Included in earnings			18			1			138			157			(99	)		-			57			-			(42	)
	Included in other comprehensive income (loss)			33			-			(21	)		12			(190	)		(123	)		7			-			(306	)
	Purchases, issuances and settlements			(742	)		(9	)		(200	)		(951	)		126			743			(83	)		-			786
	Transfers in and/or (out) of Level 3			(936	)		-			-			(936	)		-			(10,254	)		-			(34,842	)		(45,096	)
	Ending balance		$	3,672		$	473		$	264		$	4,409		$	4,686		$	2,279		$	407		$	-		$	7,372

	The amount of total gains or losses for the period included
	in earnings (or changes in net assets) attributable to the
	change in unrealized gains or losses relating to assets
	still held at the reporting date		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-

	(Some amounts may not reconcile due to rounding.)

Fair Value Measurements Using Significant Unobservable Inputs For Equity Index Put Option Contracts	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Liabilities:
	Balance, beginning of period		$	35,423		$	79,467
	Total (gains) or losses (realized/unrealized)
	Included in earnings			1,661			(15,285	)
	Included in other comprehensive income (loss)			-			-
	Purchases, issuances and settlements			-			-
	Transfers in and/or (out) of Level 3			-			-
	Balance, end of period		$	37,083		$	64,181

	The amount of total gains or losses for the period included in earnings
	(or changes in net assets) attributable to the change in unrealized
	gains or losses relating to liabilities still held at the reporting date		$	-		$	-

	(Some amounts may not reconcile due to rounding.)

Redeemable_Noncontrolling_Inte1

Redeemable Noncontrolling Interest - MT. Logan RE (Tables)	3 Months Ended
Redeemable Noncontrolling Interest - MT. Logan RE (Tables)	Mar. 31, 2014
Redeemable Noncontrolling Interest - MT. Logan RE [Abstract]	'
Activity For Redeemable Noncontrolling Interests	'

		At March 31,		At December 31,
	(Dollars in thousands)	2014		2013
	Redeemable noncontrolling interests - Mt. Logan Re, beginning of period	$	93,378	$	-
	Unaffiliated third party investments during period		213,700		87,500
	Net income (loss) attributable to noncontrolling interests		8,089		5,878
	Redeemable noncontrolling interests - Mt. Logan Re, end of period	$	315,168	$	93,378

	(Some amounts may not reconcile due to rounding.)

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Mar. 31, 2014
Earnings Per Common Share [Abstract]	'
Schedule Of Net Income (Loss) Per Common Share	'

			Three Months Ended
			March 31,
	(Dollars in thousands, except per share amounts)		2014			2013
	Net income (loss) attributable to Everest Re Group per share:
		Numerator
		Net income (loss) attributable to Everest Re Group	$	293,933		$	384,343
		Less: dividends declared-common shares and nonvested common shares		(34,742	)		(24,231	)
		Undistributed earnings		259,191			360,112
		Percentage allocated to common shareholders (1)		99	%		99.2	%
				256,717			357,222
		Add: dividends declared-common shareholders		34,391			24,019
		Numerator for basic and diluted earnings per common share	$	291,108		$	381,241

		Denominator
		Denominator for basic earnings per weighted-average common shares		46,479			50,423
		Effect of dilutive securities:
		Options		434			399
		Denominator for diluted earnings per adjusted weighted-average common shares		46,913			50,822

		Per common share net income (loss)
		Basic	$	6.26		$	7.56
		Diluted	$	6.21		$	7.5

	-1	Basic weighted-average common shares outstanding		46,479			50,423
		Basic weighted-average common shares outstanding and nonvested common shares expected to vest		46,927			50,831
		Percentage allocated to common shareholders		99	%		99.2	%

	(Some amounts may not reconcile due to rounding.)
Schedule Of Anti-Dilutive Options To Purchase Common Shares, Excluded From Computation Of Earnings Per Share	'

		Three Months Ended
		March 31,
		2014	2013
	Anti-dilutive options	-	454

Contingencies_Tables

Contingencies (Tables)	3 Months Ended
Contingencies (Tables)	Mar. 31, 2014
Contingencies [Abstract]	'
Summary Of Estimated Cost To Replace Annuities For Contingent Liability	'


	(Dollars in thousands)	At March 31, 2014		At December 31, 2013
		$	144,411	$	144,734



	(Dollars in thousands)	At March 31, 2014		At December 31, 2013
		$	30,123	$	30,664

Other_Comprehensive_Income_Los1

Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2014
Other Comprehensive Income (Loss) [Abstract]	'
Components Of Comprehensive Income (Loss) In The Consolidated Statements Of Operations	'

		Three Months Ended March 31, 2014									Three Months Ended March 31, 2013
	(Dollars in thousands)	Before Tax			Tax Effect			Net of Tax			Before Tax			Tax Effect			Net of Tax
	Unrealized appreciation (depreciation) ("URA(D)") on securities - temporary	$	64,113		$	(10,718	)	$	53,395		$	(45,045	)	$	(1,563	)	$	(46,608	)
	URA(D) on securities - OTTI		76			-			76			(228	)		34			(194	)
	Reclassification of net realized losses (gains) included in net income (loss)		2,436			(562	)		1,874			(4,919	)		828			(4,091	)
	Foreign currency translation adjustments		(6,856	)		4,219			(2,637	)		(25,156	)		4,090			(21,066	)
	Reclassification of benefit plan liability amortization included in net income (loss)		1,186			(415	)		771			2,070			(724	)		1,346
	Total other comprehensive income (loss)	$	60,955		$	(7,476	)	$	53,479		$	(73,278	)	$	2,665		$	(70,613	)
Reclassification From Accumulated Other Comprehensive Income	'

		Three months ended			Three months ended			Affected line item within the statements of
	AOCI component	31-Mar-14			31-Mar-13			operations and comprehensive income (loss)
	(Dollars in thousands)
	URA(D) on securities	$	2,436		$	(4,919	)	Other net realized capital gains (losses)
			(562	)		828		Income tax expense (benefit)
		$	1,874		$	(4,091	)	Net income (loss)

	Benefit plan net gain (loss)	$	1,186		$	2,070		Other underwriting expenses
			(415	)		(724	)	Income tax expense (benefit)
		$	771		$	1,346		Net income (loss)
Components Of Accumulated Other Comprehensive Income (Loss), Net Of Tax, In The Consolidated Balance Sheets	'

		At March 31,			At December 31,
	(Dollars in thousands)	2014			2013
	Beginning balance of URA (D) on securities	$	201,154		$	603,928
	Current period change in URA (D) of investments - temporary		55,269			(401,335	)
	Current period change in URA (D) of investments - non-credit OTTI		76			(1,439	)
	Ending balance of URA (D) on securities		256,499			201,154

	Beginning balance of foreign currency translation adjustments		(4,530	)		(4,368	)
	Current period change in foreign currency translation adjustments		(2,637	)		(162	)
	Ending balance of foreign currency translation adjustments		(7,167	)		(4,530	)

	Beginning balance of benefit plan net gain (loss)		(38,896	)		(62,511	)
	Current period change in benefit plan net gain (loss)		771			23,615
	Ending balance of benefit plan net gain (loss)		(38,125	)		(38,896	)

	Ending balance of accumulated other comprehensive income (loss)	$	211,207		$	157,728

	(Some amounts may not reconcile due to rounding.)

Credit_Facilities_Tables

Credit Facilities (Tables)	3 Months Ended
Credit Facilities (Tables)	Mar. 31, 2014
Line of Credit Facility [Line Items]	'
Summary Of Costs Incurred Connection With Credit Facilities	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014			2013
	Credit facility fees incurred		$	174		$	1,129
Wells Fargo Bank Group Credit Facility [Member]	'
Line of Credit Facility [Line Items]	'
Summary Of Outstanding Letters Of Credit And/Or Borrowings	'

	(Dollars in thousands)			At March 31, 2014								At December 31, 2013
	Bank			Commitment			In Use			Date of Expiry		Commitment			In Use			Date of Expiry
	Wells Fargo Bank Group Credit Facility	Tranche One		$	200,000		$	-				$	200,000		$	-
		Tranche Two			600,000			501,853		12/31/14			600,000			502,059		12/31/14
	Total Wells Fargo Bank Group Credit Facility			$	800,000		$	501,853				$	800,000		$	502,059
Citibank Holdings Credit Facility [Member]	'
Line of Credit Facility [Line Items]	'
Summary Of Outstanding Letters Of Credit And/Or Borrowings	'

	(Dollars in thousands)		At March 31, 2014									At December 31, 2013
	Bank		Commitment			In Use			Date of Loan	Maturity/Expiry Date		Commitment			In Use			Date of Loan	Maturity/Expiry Date
	Citibank Holdings Credit Facility		$	150,000		$	-					$	150,000		$	-
	Total revolving credit borrowings						-									-
	Total letters of credit						851			12/31/14						851			12/31/14

	Total Citibank Holdings Credit Facility		$	150,000		$	851					$	150,000		$	851
Citibank Bilateral Agreement [Member]	'
Line of Credit Facility [Line Items]	'
Summary Of Outstanding Letters Of Credit And/Or Borrowings	'

	(Dollars in thousands)		At March 31, 2014								At December 31, 2013
	Bank		Commitment			In Use			Date of Expiry		Commitment			In Use			Date of Expiry
	Citibank Bilateral Letter of Credit Agreement		$	300,000		$	3,672		11/24/14		$	300,000		$	119		8/30/14
							79,214		12/31/14						3,672		11/24/14
							80		8/30/15						79,336		12/31/14
							4,105		12/31/15						1,045		12/31/15
							107,343		3/30/18						22,800		12/31/17
							39,650		6/30/18						129,147		3/30/18
	Total Citibank Bilateral Agreement		$	300,000		$	234,064				$	300,000		$	236,119

Senior_Notes_Tables

Senior Notes (Tables)

3 Months Ended

Mar. 31, 2014

Senior Notes [Abstract]

Schedule Of Outstanding Senior Notes

31-Mar-14

31-Dec-13

Consolidated Balance

(Dollars in thousands)

Date Issued

Date Due

Principal Amounts

Sheet Amount

Market Value

Sheet Amount

Market Value

5.40% Senior notes

10/12/04

10/15/14

250,000

249,971

256,500

249,958

259,130

Schedule Of Interest Expense Incurred In Connection With Senior Notes

Three Months Ended

March 31,

(Dollars in thousands)

2014

2013

Interest expense incurred

3,388

3,387

Long_Term_Subordinated_Notes_T

Long Term Subordinated Notes (Tables)

3 Months Ended

Mar. 31, 2014

Long Term Subordinated Notes [Abstract]

Schedule Of Outstanding Fixed To Floating Rate Long Term Subordinated Notes

Maturity Date

31-Mar-14

31-Dec-13

Original

Consolidated Balance

(Dollars in thousands)

Date Issued

Principal Amount

Scheduled

Final

Sheet Amount

Market Value

Sheet Amount

Market Value

6.6% Long term subordinated notes

4/26/07

400,000

5/15/37

5/1/67

238,361

249,411

238,361

233,292

Schedule Of Interest Expense Incurred In Connection With Long Term Subordinated Notes

Three Months Ended

March 31,

(Dollars in thousands)

2014

2013

Interest expense incurred

3,937

Junior_Subordinated_Debt_Secur1

Junior Subordinated Debt Securities Payable (Tables)	3 Months Ended
Junior Subordinated Debt Securities Payable (Tables)	Mar. 31, 2014
Junior Subordinated Debt Securities Payable [Abstract]	'
Schedule Of Interest Expense Incurred In Connection With Junior Subordinated Debt Securities	'

		Three Months Ended
		March 31,
	(Dollars in thousands)	2014		2013
	Interest expense incurred	$	-	$	5,113

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule Of Underwriting Results For Operating Segments	'


			Three Months Ended
	U.S. Reinsurance		March 31,
	(Dollars in thousands)		2014				2013
	Gross written premiums		$	495,641			$	434,791
	Net written premiums			497,757				434,639

	Premiums earned		$	429,641			$	392,616
	Incurred losses and LAE			213,455				198,158
	Commission and brokerage			92,968				87,326
	Other underwriting expenses			9,482				10,534
	Underwriting gain (loss)		$	113,736			$	96,598



			Three Months Ended
	International		March 31,
	(Dollars in thousands)		2014				2013
	Gross written premiums		$	321,242			$	297,560
	Net written premiums			309,037				293,982

	Premiums earned		$	318,381			$	311,978
	Incurred losses and LAE			163,174				161,199
	Commission and brokerage			70,974				71,444
	Other underwriting expenses			7,837				7,930
	Underwriting gain (loss)		$	76,396			$	71,405



			Three Months Ended
	Bermuda		March 31,
	(Dollars in thousands)		2014				2013
	Gross written premiums		$	183,415			$	195,758
	Net written premiums			182,570				195,823

	Premiums earned		$	173,686			$	185,333
	Incurred losses and LAE			94,508				91,996
	Commission and brokerage			45,708				43,651
	Other underwriting expenses			8,286				7,759
	Underwriting gain (loss)		$	25,184			$	41,927



			Three Months Ended
	Insurance		March 31,
	(Dollars in thousands)		2014				2013
	Gross written premiums		$	230,650			$	252,681
	Net written premiums			211,668				225,249

	Premiums earned		$	203,237			$	198,832
	Incurred losses and LAE			142,191				141,291
	Commission and brokerage			34,209				30,625
	Other underwriting expenses			23,233				26,723
	Underwriting gain (loss)		$	3,604			$	193



			Three Months Ended
	Mt. Logan Re		March 31,
	(Dollars in thousands)		2014				2013
	Gross written premiums		$	36,476			$	-
	Net written premiums			26,557				-

Premiums earned		$	19,545			$	-
Incurred losses and LAE			6,081				-
Commission and brokerage			2,143				-
Other underwriting expenses			1,800				-
Underwriting gain (loss)		$	9,521			$	-
Schedule Of Underwriting Results For Operating Segments To Income (Loss) Before Taxes	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014				2013
	Underwriting gain (loss)		$	228,441			$	210,123
	Net investment income			123,157				145,781
	Net realized capital gains (losses)			21,126				126,735
	Net derivative gain (loss)			(1,661	)			15,285
	Corporate expenses			(4,945	)			(5,717	)
	Interest, fee and bond issue cost amortization expense			(7,568	)			(13,481	)
	Other income (expense)			(3,296	)			(8,887	)
	Income (loss) before taxes		$	355,254			$	469,839
Schedule Of Gross Written Premiums Derived From Largest Non-U.S. Market	'

			Three Months Ended
			March 31,
	(Dollars in thousands)		2014				2013
	United Kingdom		$	206,783			$	147,987

Retirement_Benefits_Tables

Retirement Benefits (Tables)	3 Months Ended
Retirement Benefits (Tables)	Mar. 31, 2014
Retirement Benefits [Abstract]	'
Summary Of Net Periodic Benefit Cost For U.S. Employees	'

	Pension Benefits	Three Months Ended
		March 31,
	(Dollars in thousands)	2014			2013
	Service cost	$	2,460		$	2,729
	Interest cost		2,542			2,074
	Expected return on plan assets		(2,823	)		(2,122	)
	Amortization of prior service cost		13			13
	Amortization of net (income) loss		1,091			1,904
	Net periodic benefit cost	$	3,283		$	4,598
	Other Benefits	Three Months Ended
		March 31,
	(Dollars in thousands)	2014			2013
	Service cost	$	407		$	499
	Interest cost		342			277
	Amortization of net (income) loss		82			154
	Net periodic benefit cost	$	831		$	930

Basis_Of_Presentation_Details

Basis Of Presentation (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Basis Of Presentation [Abstract]	'	'	'	'
Distribution of limited partnership income	$8,600	$33,686	'	'
Previous amount of deferrable acquisition costs which was expensed in prior year	13,492	'	'	'
Amount of deferred acquisition costs for prior year if guidance had been applicable	$0	'	$2,616	$10,876

Investments_Narrative_Details

Investments (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Market Value	$13,019,176	$12,636,907
Percentage threshold that triggers a review of available for sale debt securities for declines in market value	80.00%	'
Aggregate market value of investments in unrealized loss position	4,306,232	4,404,165
Gross unrealized losses on investments in unrealized loss position	124,467	173,192
Percentage threshold of unrealized losses not exceeded by any one single issuer	0.50%	0.40%
Fixed maturity securities, duration of unrealized loss, less than 12 months, gross unrealized depreciation	61,127	123,833
Fixed maturity securities, duration of unrealized loss, greater than 12 months, gross unrealized depreciation	56,334	40,762
Additional contractual commitments	121,387	'
Minimum [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Limited partnership financial reporting lag time, months	'1 month	'
Maximum [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Limited partnership financial reporting lag time, months	'3 months	'
Foreign Government Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Market Value	1,748,271	'
Aggregate market value of investments in unrealized loss position	531,061	494,281
Gross unrealized losses on investments in unrealized loss position	23,806	29,347
European Sovereign Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Market Value	796,804	'
Percentage threshold maximum of securities held in sovereign debt	5.00%	'
United Kingdom [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Percentage of securities held in sovereign debt of a specific country	52.50%	'
France [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Percentage of securities held in sovereign debt of a specific country	21.90%	'
Austria [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Percentage of securities held in sovereign debt of a specific country	6.70%	'
Netherlands [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Percentage of securities held in sovereign debt of a specific country	5.60%	'
Investment Grade [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, duration of unrealized loss, less than 12 months, gross unrealized depreciation	55,242	112,658
Fixed maturity securities, duration of unrealized loss, greater than 12 months, gross unrealized depreciation	54,566	38,964
Sub-prime and Alt-A Loans [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, duration of unrealized loss, greater than 12 months, gross unrealized depreciation	$230	$273

Investments_Summary_Of_Unreali

Investments (Summary Of Unrealized Appreciation (Depreciation) Of Available For Sale, Fixed Maturity And Equity Security Investments) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	$12,708,891	$12,391,164
Unrealized Appreciation	427,746	410,338
Unrealized Depreciation	-117,461	-164,595
Market Value	13,019,176	12,636,907
U.S. Treasury Securities And Obligations Of U.S. Government Agencies And Corporations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	161,235	160,013
Unrealized Appreciation	2,755	2,690
Unrealized Depreciation	-1,711	-1,678
Market Value	162,279	161,025
Obligations Of U.S. States And Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	927,315	970,735
Unrealized Appreciation	43,571	40,815
Unrealized Depreciation	-4,562	-9,022
Market Value	966,324	1,002,528
Corporate Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	4,311,095	3,950,887
Unrealized Appreciation	162,455	155,619
Unrealized Depreciation	-19,196	-27,090
Market Value	4,454,354	4,079,416
Asset-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	181,005	169,980
Unrealized Appreciation	3,273	3,485
Unrealized Depreciation	-214	-422
Market Value	184,064	173,043
Commercial Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	234,356	254,765
Unrealized Appreciation	16,000	16,683
Unrealized Depreciation	-1,022	-1,007
Market Value	249,334	270,441
Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	2,209,374	2,294,719
Unrealized Appreciation	35,761	34,509
Unrealized Depreciation	-30,791	-50,175
Market Value	2,214,344	2,279,053
Non-Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	4,302	4,816
Unrealized Appreciation	287	229
Unrealized Depreciation	-184	-226
Market Value	4,405	4,819
Foreign Government Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	1,700,019	1,740,337
Unrealized Appreciation	72,058	69,779
Unrealized Depreciation	-23,806	-29,347
Market Value	1,748,271	1,780,769
Foreign Corporate Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	2,980,190	2,844,912
Unrealized Appreciation	91,586	86,529
Unrealized Depreciation	-35,975	-45,628
Market Value	3,035,801	2,885,813
Equity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	156,000	148,342
Unrealized Appreciation	4,828	4,336
Unrealized Depreciation	-7,006	-8,597
Market Value	$153,822	$144,081

Investments_Summary_Of_PreTax_

Investments (Summary Of Pre-Tax Cumulative Unrealized Appreciation (Depreciation) On Corporate Securities) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Investments [Abstract]	'	'
Pre-tax cumulative unrealized appreciation (depreciation)	$3,245	$3,169

Investments_Summary_Of_Amortiz

Investments (Summary Of Amortized Cost And Market Value Of Fixed Maturity Securities, By Contractual Maturity) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Amortized Cost	$12,708,891	$12,391,164
Fixed maturity securities - available for sale, Market Value	13,019,176	12,636,907
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Due in one year or less, Amortized Cost	1,305,956	1,059,052
Fixed maturity securities - available for sale, Due after one year through five years, Amortized Cost	5,567,088	5,565,112
Fixed maturity securities - available for sale, Due after five years through ten years, Amortized Cost	2,237,873	2,081,908
Fixed maturity securities - available for sale, Due after ten years, Amortized Cost	968,937	960,812
Fixed maturity securities - available for sale, Due in one year or less, Market Value	1,316,967	1,067,799
Fixed maturity securities - available for sale, Due after one year through five years, Market Value	5,728,265	5,740,662
Fixed maturity securities - available for sale, Due after five years through ten years, Market Value	2,278,200	2,101,234
Fixed maturity securities - available for sale, Due after ten years, Market Value	1,043,597	999,856
Asset-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Amortized Cost	181,005	169,980
Fixed maturity securities - available for sale, Market Value	184,064	173,043
Commercial Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Amortized Cost	234,356	254,765
Fixed maturity securities - available for sale, Market Value	249,334	270,441
Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Amortized Cost	2,209,374	2,294,719
Fixed maturity securities - available for sale, Market Value	2,214,344	2,279,053
Non-Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities - available for sale, Amortized Cost	4,302	4,816
Fixed maturity securities - available for sale, Market Value	$4,405	$4,819

Investments_Summary_Of_Changes

Investments (Summary Of Changes In Net Unrealized Appreciation (Depreciation) For The Company's Investments) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Increase (Decrease) During The Period Between The Market Value And Cost Of Investments Carried At Market Value, And Deferred Taxes Thereon:	'	'
Change in unrealized appreciation (depreciation), pre-tax	$66,625	($50,192)
Deferred tax benefit (expense)	-11,280	-735
Deferred tax benefit (expense), other-than-temporary impairment	'	34
Change in unrealized appreciation (depreciation), net of deferred taxes, included in shareholders' equity	55,345	-50,893
Fixed Maturity Securities [Member]	'	'
Increase (Decrease) During The Period Between The Market Value And Cost Of Investments Carried At Market Value, And Deferred Taxes Thereon:	'	'
Change in unrealized appreciation (depreciation), pre-tax	64,466	-47,947
Fixed Maturity Securities, Other-Than-Temporary Impairment [Member]	'	'
Increase (Decrease) During The Period Between The Market Value And Cost Of Investments Carried At Market Value, And Deferred Taxes Thereon:	'	'
Change in unrealized appreciation (depreciation), pre-tax	76	-228
Equity Securities [Member]	'	'
Increase (Decrease) During The Period Between The Market Value And Cost Of Investments Carried At Market Value, And Deferred Taxes Thereon:	'	'
Change in unrealized appreciation (depreciation), pre-tax	2,083	-2,017
Other Invested Assets [Member]	'	'
Increase (Decrease) During The Period Between The Market Value And Cost Of Investments Carried At Market Value, And Deferred Taxes Thereon:	'	'
Change in unrealized appreciation (depreciation), pre-tax	'	'

Investments_Summary_Of_Aggrega

Investments (Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Security Type) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	$3,104,120	$3,764,340
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-68,133	-132,430
Fixed maturity securities, Greater than 12 months, Market Value	1,202,112	639,825
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-56,334	-40,762
Fixed maturity securities, Total, Market Value	4,306,232	4,404,165
Fixed maturity securities, Total, Gross Unrealized Depreciation	-124,467	-173,192
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	2,967,975	3,637,310
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-61,127	-123,833
Fixed maturity securities, Greater than 12 months, Market Value	1,202,112	639,825
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-56,334	-40,762
Fixed maturity securities, Total, Market Value	4,170,087	4,277,135
Fixed maturity securities, Total, Gross Unrealized Depreciation	-117,461	-164,595
U.S. Treasury Securities And Obligations Of U.S. Government Agencies And Corporations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	54,900	74,847
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-988	-1,033
Fixed maturity securities, Greater than 12 months, Market Value	8,689	8,751
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-723	-645
Fixed maturity securities, Total, Market Value	63,589	83,598
Fixed maturity securities, Total, Gross Unrealized Depreciation	-1,711	-1,678
Obligations Of U.S. States And Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	35,182	92,760
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-1,091	-4,852
Fixed maturity securities, Greater than 12 months, Market Value	68,552	39,689
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-3,471	-4,170
Fixed maturity securities, Total, Market Value	103,734	132,449
Fixed maturity securities, Total, Gross Unrealized Depreciation	-4,562	-9,022
Corporate Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	1,055,875	959,396
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-14,522	-22,331
Fixed maturity securities, Greater than 12 months, Market Value	106,380	75,946
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-4,674	-4,759
Fixed maturity securities, Total, Market Value	1,162,255	1,035,342
Fixed maturity securities, Total, Gross Unrealized Depreciation	-19,196	-27,090
Asset-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	22,658	5,494
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-128	-6
Fixed maturity securities, Greater than 12 months, Market Value	119	1,128
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-86	-416
Fixed maturity securities, Total, Market Value	22,777	6,622
Fixed maturity securities, Total, Gross Unrealized Depreciation	-214	-422
Commercial Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	'	51
Fixed maturity securities, Greater than 12 months, Market Value	11,287	11,353
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-1,022	-1,007
Fixed maturity securities, Total, Market Value	11,287	11,404
Fixed maturity securities, Total, Gross Unrealized Depreciation	-1,022	-1,007
Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	597,387	1,220,845
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-10,129	-40,420
Fixed maturity securities, Greater than 12 months, Market Value	608,422	264,640
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-20,662	-9,755
Fixed maturity securities, Total, Market Value	1,205,809	1,485,485
Fixed maturity securities, Total, Gross Unrealized Depreciation	-30,791	-50,175
Non-Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	1,559	1,758
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-11	-22
Fixed maturity securities, Greater than 12 months, Market Value	392	1,541
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-173	-204
Fixed maturity securities, Total, Market Value	1,951	3,299
Fixed maturity securities, Total, Gross Unrealized Depreciation	-184	-226
Foreign Government Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	371,847	409,252
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-12,538	-20,350
Fixed maturity securities, Greater than 12 months, Market Value	159,214	85,029
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-11,268	-8,997
Fixed maturity securities, Total, Market Value	531,061	494,281
Fixed maturity securities, Total, Gross Unrealized Depreciation	-23,806	-29,347
Foreign Corporate Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	828,567	872,907
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-21,720	-34,819
Fixed maturity securities, Greater than 12 months, Market Value	239,057	151,748
Fixed maturity securities, Greater than 12 months, Gross Unrealized Depreciation	-14,255	-10,809
Fixed maturity securities, Total, Market Value	1,067,624	1,024,655
Fixed maturity securities, Total, Gross Unrealized Depreciation	-35,975	-45,628
Equity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Less than 12 months, Market Value	136,145	127,030
Fixed maturity securities, Less than 12 months, Gross Unrealized Depreciation	-7,006	-8,597
Fixed maturity securities, Total, Market Value	136,145	127,030
Fixed maturity securities, Total, Gross Unrealized Depreciation	($7,006)	($8,597)

Investments_Summary_Of_Aggrega1

Investments (Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Contractual Maturity) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	$2,967,975	$3,637,310
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-61,127	-123,833
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	1,202,112	639,825
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-56,334	-40,762
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	4,170,087	4,277,135
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-117,461	-164,595
Due In One Year Or Less [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	182,786	143,098
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-5,312	-3,503
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	46,643	46,691
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-5,320	-5,330
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	229,429	189,789
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-10,632	-8,833
Due In One Year Through Five Years [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	1,331,340	1,125,680
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-23,562	-25,365
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	288,624	204,779
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-12,169	-11,279
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	1,619,964	1,330,459
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-35,731	-36,644
Due In Five Years Through Ten Years [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	740,585	810,969
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-18,467	-35,169
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	124,208	48,064
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-7,167	-3,844
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	864,793	859,033
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-25,634	-39,013
Due After Ten Years [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	91,660	329,415
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-3,518	-19,348
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	122,417	61,629
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-9,735	-8,927
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	214,077	391,044
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-13,253	-28,275
Asset-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	22,658	5,494
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-128	-6
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	119	1,128
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-86	-416
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	22,777	6,622
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	-214	-422
Non-Agency Residential [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Market Value	598,946	1,222,654
Fixed maturity securities, Duration of Unrealized Loss, Less than 12 months, Gross Unrealized Depreciation	-10,140	-40,442
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Market Value	620,101	277,534
Fixed maturity securities, Duration of Unrealized Loss, Greater than 12 months, Gross Unrealized Depreciation	-21,857	-10,966
Fixed maturity securities, Duration of Unrealized Loss, Total, Market Value	1,219,047	1,500,188
Fixed maturity securities, Duration of Unrealized Loss, Total, Gross Unrealized Depreciation	($31,997)	($51,408)

Investments_Summary_Of_Compone

Investments (Summary Of Components Of Net Investment Income) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	$127,805	$150,606
Funds held interest income (expense)	3,017	4,429
Future policy benefit reserve income (expense)	-303	-531
Gross investment income	130,519	154,504
Investment expenses	-7,362	-8,723
Net investment income	123,157	145,781
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	116,253	120,757
Equity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	11,459	9,741
Short-Term Investments And Cash [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	330	304
Limited Partnerships [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	-2,258	17,483
Other [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gross investment income before adjustments	$2,021	$2,321

Investments_Summary_Of_Compone1

Investments (Summary Of Components Of Net Realized Capital Gains (Losses)) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Other-than-temporary impairments	'	($191)
Total net realized capital gains (losses)	21,126	126,735
Fixed Maturity Securities [Member] \| Market Value [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Other-than-temporary impairments	'	-191
Gains (losses) from sales	-1,948	4,877
Fixed Maturity Securities [Member] \| Fair Value [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gains (losses) from sales	940	-58
Gains (losses) from fair value adjustments	'	84
Equity Securities [Member] \| Market Value [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gains (losses) from sales	-488	233
Equity Securities [Member] \| Fair Value [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gains (losses) from sales	-1,415	8,019
Gains (losses) from fair value adjustments	24,035	113,757
Short-Term Investments And Cash [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Gains (losses) from sales	$2	$14

Investments_Summary_Of_Gross_G

Investments (Summary Of Gross Gains (Losses) From Sales Of Fixed Maturity And Equity Securities) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fixed Maturity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Proceeds from sales of securities	$349,472	$258,160
Gross gains from sales	7,936	7,713
Gross losses from sales	-8,944	-2,894
Equity Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Proceeds from sales of securities	179,132	107,404
Gross gains from sales	6,620	9,102
Gross losses from sales	($8,523)	($850)

Derivatives_Narrative_Details

Derivatives (Narrative) (Details)	3 Months Ended			3 Months Ended
	Mar. 31, 2014	Dec. 31, 2005	Dec. 31, 2001	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
	USD ($)	security	security	Standard & Poor's 500 Index [Member]	Standard & Poor's 500 Index [Member]	Standard & Poor's 500 Index [Member]	FTSE 100 Index [Member]	FTSE 100 Index [Member]
	item			USD ($)	Minimum [Member]	Maximum [Member]	USD ($)	GBP (£)
	security			item	USD ($)	USD ($)	security
				security			item
Derivative [Line Items]	'	'	'	'	'	'	'	'
Number of equity index put option contracts sold	7	7	7	6	'	'	1	1
Number of equity indices	2	'	'	'	'	'	'	'
Total consideration, net of commissions	'	'	'	$22,530,000	'	'	$6,706,000	'
Fair value of equity index put option contracts	'	'	'	30,516,000	'	'	6,567,000	'
Theoretical maximum payout occurs based on index value	'	'	'	0	'	'	0	'
Collateral rating threshold	0	'	'	'	'	'	'	'
Maturities range, years	'	'	'	'	'12 years	'30 years	'	'
Strike prices	'	'	'	'	1,141.21	1,540.63	'	5,989.75
Exercise date	'	'	'	'	'June 2017	'March 2031	'	'
Estimates the probability of equity index put option contract will falling below the strike price on the exercise date	'	'	'	'	'	25.00%	41.00%	41.00%
Discount factor	'	'	'	3.00%	'	'	3.00%	3.00%
Present value of theoretical maximum payouts	'	'	'	410,762,000	'	'	45,416,000	'
Derivative, net liability position, aggregate fair value	37,083,000	'	'	'	'	'	'	'
Collateral already posted, aggregate fair value	30,014,000	'	'	'	'	'	'	'
Required to post an additional approximation of the counterparties' fair value	55,000,000	'	'	'	'	'	'	'
Equity index if contracts had expired	'	'	'	1,872.34	'	'	6,598.40	6,598.40
Settlement amount if contracts had expired	'	'	'	$0	'	'	$0	'

Derivatives_Summary_Of_The_Fai

Derivatives (Summary Of The Fair Value Of The Equity Index Put Options Found On The Company's Consolidated Balance Sheets) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Option Indexed to Issuer's Equity [Line Items]	'	'
Equity index put option liability	$37,083	$35,423
Equity Index Put Option Contracts [Member] \| Derivatives Not Designated As Hedging Instruments [Member]	'	'
Option Indexed to Issuer's Equity [Line Items]	'	'
Equity index put option liability	$37,083	$35,423

Derivatives_Summary_Of_The_Cha

Derivatives (Summary Of The Change In Fair Value Of The Equity Index Put Option Contracts Found On The Company's Statement Of Operations And Comprehensive Income (Loss)) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Option Indexed to Issuer's Equity [Line Items]	'	'
Net derivative gain (loss)	($1,661)	$15,285
Equity Index Put Option Contracts [Member] \| Derivatives Not Designated As Hedging Instruments [Member]	'	'
Option Indexed to Issuer's Equity [Line Items]	'	'
Net derivative gain (loss)	($1,661)	$15,285

Fair_Value_Narrative_Details

Fair Value (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2005	Dec. 31, 2001
	security	Mar. 31, 2013	Dec. 31, 2013	security	security
Fair Value [Abstract]	'	'	'	'	'
Fair value of public equity portfolio	$184,175	'	$174,628	'	'
Number of equity index put option contracts	7	'	'	7	7
Transfers between level 1 and 2	0	'	'	'	'
Transfers from level 3	$936	$45,096	'	'	'

Fair_Value_The_Fair_Value_Calc

Fair Value (The Fair Value Calculated Using An Industry Accepted Option Pricing Model, Black-Scholes) (Details)	Mar. 31, 2014
	item
Standard & Poor's 500 Index [Member]	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'
Equity Index	1,872.30
Interest rate, range minimum	1.28%
Interest rate, range maximum	3.64%
Time to maturity, range minimum, years	'3 years 1 month 6 days
Time to maturity, range maximum, years	'17 years
Volatility, minimum	20.80%
Volatility, maximum	25.00%
FTSE 100 Index [Member]	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'
Equity Index	6,598.40
Interest rate	2.52%
Time to maturity, years	'6 years 3 months 18 days
Volatility	23.20%

Fair_Value_Fair_Value_Measurem

Fair Value (Fair Value Measurement Levels For All Assets And Liabilities) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	$13,019,176	$12,636,907
Fixed maturities, fair value	'	19,388
Equity securities, market value	153,822	144,081
Equity securities, fair value	1,398,430	1,462,079
Equity index put option contracts	37,083	35,423
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, fair value	'	'
Equity securities, market value	136,145	127,030
Equity securities, fair value	1,282,347	1,342,278
Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	13,014,767	12,630,780
Fixed maturities, fair value	'	19,388
Equity securities, market value	17,677	17,051
Equity securities, fair value	116,083	119,801
Significant Unobservable Inputs (Level 3) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	4,409	6,127
Fixed maturities, fair value	'	'
Equity index put option contracts	37,083	35,423
U.S. Treasury Securities And Obligations Of U.S. Government Agencies And Corporations [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	162,279	161,025
U.S. Treasury Securities And Obligations Of U.S. Government Agencies And Corporations [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	162,279	161,025
Obligations Of U.S. States And Political Subdivisions [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	966,324	1,002,528
Obligations Of U.S. States And Political Subdivisions [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	966,324	1,002,528
Corporate Securities [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	4,454,354	4,079,416
Corporate Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	4,454,354	4,079,416
Asset-Backed Securities [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	184,064	173,043
Asset-Backed Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	180,392	167,744
Asset-Backed Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	3,672	5,299
Commercial Mortgage-Backed Securities [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	249,334	270,441
Commercial Mortgage-Backed Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	249,334	270,441
Agency Residential [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	2,214,344	2,279,053
Agency Residential [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	2,214,344	2,279,053
Non-Agency Residential [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	4,405	4,819
Non-Agency Residential [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	4,141	4,472
Non-Agency Residential [Member] \| Significant Unobservable Inputs (Level 3) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	264	347
Foreign Government Securities [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	1,748,271	1,780,769
Foreign Government Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	1,748,271	1,780,769
Foreign Corporate Securities [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	3,035,801	2,885,813
Foreign Corporate Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	3,035,328	2,885,332
Foreign Corporate Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fixed maturities, market value	$473	$481

Fair_Value_Activity_Under_Leve

Fair Value (Activity Under Level 3, Fair Value Measurements Using Significant Unobservable Inputs By Asset Type) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	$6,127	$52,030
Total gains or (losses) (realized/unrealized) Included in earnings	157	-42
Total gains or (losses) (realized/unrealized) Included in other comprehensive income (loss)	12	-306
Purchases, issuances and settlements	-951	786
Transfers in and/or (out) of Level 3	-936	-45,096
Ending balance	4,409	7,372
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	'	'
Asset-Backed Securities [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	5,299	4,849
Total gains or (losses) (realized/unrealized) Included in earnings	18	-99
Total gains or (losses) (realized/unrealized) Included in other comprehensive income (loss)	33	-190
Purchases, issuances and settlements	-742	126
Transfers in and/or (out) of Level 3	-936	'
Ending balance	3,672	4,686
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	'	'
Foreign Corporate Securities [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	481	11,913
Total gains or (losses) (realized/unrealized) Included in earnings	1	'
Total gains or (losses) (realized/unrealized) Included in other comprehensive income (loss)	'	-123
Purchases, issuances and settlements	-9	743
Transfers in and/or (out) of Level 3	'	-10,254
Ending balance	473	2,279
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	'	'
Non-Agency Residential [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	347	426
Total gains or (losses) (realized/unrealized) Included in earnings	138	57
Total gains or (losses) (realized/unrealized) Included in other comprehensive income (loss)	-21	7
Purchases, issuances and settlements	-200	-83
Ending balance	264	407
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	'	'
Agency Residential [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	'	34,842
Transfers in and/or (out) of Level 3	'	-34,842
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	'	'

Fair_Value_Fair_Value_Measurem1

Fair Value (Fair Value Measurements Using Significant Unobservable Inputs For Equity Index Put Option Contracts) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value [Abstract]	'	'
Balance, beginning of period	$35,423	$79,467
Total (gains) or losses (realized/unrealized) Included in earnings	1,661	-15,285
Total (gains) or losses (realized/unrealized) Included in other comprehensive income (loss)	'	'
Purchases, issuances and settlements	'	'
Transfers in and/or (out) of Level 3	'	'
Balance, end of period	37,083	64,181
The amount of total gains or losses for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date	'	'

Redeemable_Noncontrolling_Inte2

Redeemable Noncontrolling Interest - MT. Logan RE (Narrative) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Redeemable Noncontrolling Interest [Line Items]	'	'
Investment, redeemable preferred shares	$315,168	$93,378
Logan Re [Member]	'	'
Redeemable Noncontrolling Interest [Line Items]	'	'
Voting common share percentage	100.00%	'
Investment, redeemable preferred shares	$50,000	'

Redeemable_Noncontrolling_Inte3

Redeemable Noncontrolling Interest - MT. Logan RE (Activity For Redeemable Noncontrolling Interests) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Redeemable Noncontrolling Interest [Line Items]	'	'
Redeemable noncontrolling interests - Mt. Logan Re, beginning of period	$93,378	'
Unaffiliated third party investments during period	213,700	87,500
Net income (loss) attributable to noncontrolling interests	8,089	5,878
Redeemable noncontrolling interests - Mt. Logan Re, end of period	315,168	93,378
Logan Re [Member]	'	'
Redeemable Noncontrolling Interest [Line Items]	'	'
Redeemable noncontrolling interests - Mt. Logan Re, end of period	$50,000	'

Earnings_Per_Common_Share_Sche

Earnings Per Common Share (Schedule Of Net Income (Loss) Per Common Share) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Earnings Per Common Share [Abstract]	'		'
Net income (loss) attributable to Everest Re Group	$293,933		$384,343
Less: dividends declared-common shares and nonvested common shares	-34,742		-24,231
Undistributed earnings	259,191		360,112
Percentage allocated to common shareholders	99.00%	[1]	99.20%	[1]
Net income (loss) available to common stockholders, total	256,717		357,222
Add: dividends declared-common shareholders	34,391		24,019
Numerator for basic and diluted earnings per common share	$291,108		$381,241
Denominator for basic earnings per weighted-average common shares	46,479		50,423
Effect of dilutive securities: Options	434		399
Denominator for diluted earnings per adjusted weighted-average common shares	46,913		50,822
Basic	$6.26		$7.56
Diluted	$6.21		$7.50
Basic weighted-average common shares outstanding	46,479		50,423
Basic weighted-average common shares outstanding and nonvested common shares expected to vest	46,927		50,831

[1]	Basic weighted-average common shares outstanding

Earnings_Per_Common_Share_Sche1

Earnings Per Common Share (Schedule Of Anti-Dilutive Options To Purchase Common Shares, Excluded From Computation Of Earnings Per Share) (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Common Share [Abstract]	'	'
Anti-dilutive options	'	454

Contingencies_Details

Contingencies (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
The Prudential Insurance Company [Member]	'	'
Loss Contingencies [Line Items]	'	'
Estimated cost to replace annuities	$144,411	$144,734
Unaffiliated Life Insurance Company [Member]	'	'
Loss Contingencies [Line Items]	'	'
Estimated cost to replace annuities	$30,123	$30,664

Other_Comprehensive_Income_Los2

Other Comprehensive Income (Loss) (Components Of Comprehensive Income (Loss) In The Consolidated Statements Of Operations) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Other Comprehensive Income (Loss) [Abstract]	'	'
URA(D) of investments - temporary, Before Tax	$64,113	($45,045)
URA (D) on securities - OTTI, Before Tax	76	-228
Reclassification on net realized losses (gains) included in net income (loss), Before Tax	2,436	-4,919
Foreign currency translation adjustments, Before Tax	-6,856	-25,156
Reclassification of benefit plan liability amortization included in net income (loss), Before Tax	1,186	2,070
Total other comprehensive income (loss), Before Tax	60,955	-73,278
URA(D) of investments - temporary, Tax Effect	-10,718	-1,563
URA (D) on securities - OTTI, Tax Effect	'	34
Reclassification on tax expense (benefit) on realized losses (gains) included in net income (loss)	-562	828
Foreign currency translation adjustments, Tax Effect	4,219	4,090
Reclassification of benefit plan liability amortization included in net income (loss), Tax Effect	-415	-724
Total other comprehensive income (loss), Tax Effect	-7,476	2,665
URA(D) of investments - temporary, Net of Tax	53,395	-46,608
URA (D) on securities - OTTI, Net of Tax	76	-194
Reclassification on net realized losses (gains) included in net income (loss), Net of Tax	1,874	-4,091
Foreign currency translation adjustments, Net of Tax	-2,637	-21,066
Reclassification of benefit plan liability amortization included in net income (loss), Net of Tax	771	1,346
Total other comprehensive income (loss), net of tax	$53,479	($70,613)

Other_Comprehensive_Income_Los3

Other Comprehensive Income (Loss) (Reclassified From Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]	'	'
Other net realized capital gains (losses)	$21,126	$126,926
Other underwriting expenses	50,638	52,946
Income tax expense (benefit)	53,232	85,496
NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP	293,933	384,343
Reclassification Out Of Accumulated Other Comprehensive Income [Member] \| URA(D) On Securities [Member]	'	'
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]	'	'
Other net realized capital gains (losses)	2,436	-4,919
Income tax expense (benefit)	-562	828
NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP	1,874	-4,091
Reclassification Out Of Accumulated Other Comprehensive Income [Member] \| Benefit Plan Liabilities [Member]	'	'
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]	'	'
Other underwriting expenses	1,186	2,070
Income tax expense (benefit)	-415	-724
NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP	$771	$1,346

Other_Comprehensive_Income_Los4

Other Comprehensive Income (Loss) (Components Of Accumulated Other Comprehensive Income (Loss), Net Of Tax, In The Consolidated Balance Sheets) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Other Comprehensive Income (Loss) [Abstract]	'	'	'
Beginning balance of URA (D) on securities	$201,154	$603,928	$603,928
Current period change in URA(D) of investments - temporary	55,269	'	-401,335
Current period change in URA (D) of investments - non-credit OTTI	76	'	-1,439
Ending balance of URA (D) on securities	256,499	'	201,154
Beginning balance of foreign currency translation adjustments	-4,530	-4,368	-4,368
Current period change in foreign currency translation adjustments	-2,637	'	-162
Ending balance of foreign currency translation adjustments	-7,167	'	-4,530
Beginning balance of benefit plan net gain (loss)	-38,896	-62,511	-62,511
Current period change in benefit plan net gain (loss)	771	1,346	23,615
Ending balance of benefit plan net gain (loss)	-38,125	'	-38,896
Accumulated other comprehensive income (loss)	$211,207	'	$157,728

Credit_Facilities_Narrative_De

Credit Facilities (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	item	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Line of credit facility, number of facilities	3	'
Line of credit facility, commitment	$1,250,000	'
Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, number of tranches	2	'
Line of credit facility, term of credit facility	'4 years	'
Line of credit facility, commitment	800,000	800,000
Line of credit facility, required minimum debt-to-capital ratio	0.35	'
Line of credit facility, required minimum net worth	4,249,963	'
Percentage amount of consolidated net income required to be reserved to maintain compliance with facility covenants	25.00%	'
Percentage amount of increase in consolidated net worth from new issuance required to be reserved to maintain compliance with facility covenants	25.00%	'
Increase in reserves due to new issuance during the period required to maintain compliance with facility covenants	4,881,367	'
Wells Fargo Bank Group Credit Facility Tranche One [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, commitment	200,000	200,000
Wells Fargo Bank Group Credit Facility Tranche Two [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, commitment	600,000	'
Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, term of credit facility	'3 years	'
Line of credit facility, commitment	150,000	150,000
Line of credit facility, required minimum debt-to-capital ratio	0.35	'
Line of credit facility, required minimum net worth	1,875,000	'
Percentage amount of consolidated net income required to be reserved to maintain compliance with facility covenants	25.00%	'
Percentage amount of increase in consolidated net worth from new issuance required to be reserved to maintain compliance with facility covenants	25.00%	'
Increase in reserves due to new issuance during the period required to maintain compliance with facility covenants	2,155,750	'
Net assets of Holdings' consolidated subsidiaries, subject to regulatory restrictions	'	2,294,461
Net assets of consolidated subsidiaries	'	3,136,782
Citibank Bilateral Agreement [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, commitment	300,000	300,000
Per annum commitment fee on undrawn credit	0.15%	'
Interest Rate Base Rate Option 1(a) [Member] \| Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'prime commercial lending rate established by Wells Fargo Bank	'
Interest Rate Base Rate Option 1(a) [Member] \| Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'rate of interest publicly announced by Citibank as its base rate	'
Interest Rate Base Rate Option 1(a) [Member] \| Citibank Bilateral Agreement [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'% per annum of the principal amount of issued standard letters of credit (expiry of 15 months or less)	'
Percentage of interest on the principal amount of letters of credit issued	0.35%	'
Maximum term allowed to execute issued letters of credit	'15 months	'
Interest Rate Base Rate Option 1(b) [Member] \| Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'Federal Funds Rate plus 0.5% per annum	'
Line of credit facility, spread on variable rate basis	0.50%	'
Interest Rate Base Rate Option 1(b) [Member] \| Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'% per annum above the Federal Funds Rate	'
Line of credit facility, spread on variable rate basis	0.50%	'
Interest Rate Base Rate Option 1(b) [Member] \| Citibank Bilateral Agreement [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'% per annum of the principal amount of issued extended tenor letters of credit (expiry maximum of up to 60 months).	'
Percentage of interest on the principal amount of issued extended tenor letters of credit	0.45%	'
Maximum term allowed to execute issued letters of credit	'60 months	'
Interest Rate Base Rate Option 1(c) [Member] \| Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'one month LIBOR Rate plus 1.0% per annum	'
Line of credit facility, spread on variable rate basis	1.00%	'
Interest Rate Base Rate Option 1(c) [Member] \| Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'% above the one month London Interbank Offered Rate ("LIBOR")	'
Line of credit facility, spread on variable rate basis	1.00%	'
Interest Rate Base Rate Option 2 [Member] \| Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'adjusted London Interbank Offered Rate ("LIBOR") plus a margin	'
Interest Rate Base Rate Option 2 [Member] \| Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, description of variable rate basis	'periodic fixed rate equal to the Eurodollar Rate plus an applicable margin	'
Before Amended And Restated Agreement [Member] \| Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, term of credit facility	'5 years	'
Line of credit facility, commitment	$850,000	'
Before Amended And Restated Agreement [Member] \| Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, term of credit facility	'5 years	'

Credit_Facilities_Summary_Of_C

Credit Facilities (Summary Of Costs Incurred Connection With Credit Facilities) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Credit Facilities [Abstract]	'	'
Credit facility fees incurred	$174	$1,129

Credit_Facilities_Summary_Of_O

Credit Facilities (Summary Of Outstanding Letters Of Credit And/Or Borrowings Of Group Credit Facility) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Commitment	$1,250,000	'
Wells Fargo Bank Group Credit Facility Tranche One [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	200,000	200,000
Wells Fargo Bank Group Credit Facility Tranche Two Issuance One [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	600,000	600,000
In Use	501,853	502,059
Date of Expiry	31-Dec-14	31-Dec-14
Wells Fargo Bank Group Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	800,000	800,000
In Use	$501,853	$502,059

Credit_Facilities_Summary_Of_O1

Credit Facilities (Summary Of Outstanding Letters Of Credit And/Or Borrowings Of Citibank Holdings Credit Facility) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Commitment	$1,250,000	'
Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	150,000	150,000
In Use	'	'
Revolving Credit Borrowings [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	'	'
Holdings Letters Of Credit [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	851	851
Date of Expiry	31-Dec-14	31-Dec-14
Citibank Holdings Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	150,000	150,000
In Use	$851	$851

Credit_Facilities_Summary_Of_O2

Credit Facilities (Summary Of Outstanding Letters Of Credit And Borrowings Of Bermuda Re Letter Of Credit Facility) (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Commitment	$1,250,000	'
Citibank Bilateral Letter Of Credit Agreement One [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	300,000	300,000
In Use	3,672	119
Date of Expiry	24-Nov-14	30-Aug-14
Citibank Bilateral Letter Of Credit Agreement Two [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	79,214	3,672
Date of Expiry	31-Dec-14	24-Nov-14
Citibank Bilateral Letter Of Credit Agreement Three [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	80	79,336
Date of Expiry	30-Aug-15	31-Dec-14
Citibank Bilateral Letter Of Credit Agreement Four [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	4,105	1,045
Date of Expiry	31-Dec-15	31-Dec-15
Citibank Bilateral Letter Of Credit Agreement Five [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	107,343	22,800
Date of Expiry	30-Mar-18	31-Dec-17
Citibank Bilateral Letter Of Credit Agreement Six [Member]	'	'
Line of Credit Facility [Line Items]	'	'
In Use	39,650	129,147
Date of Expiry	30-Jun-18	30-Mar-18
Citibank Bilateral Agreement [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment	300,000	300,000
In Use	$234,064	$236,119

Trust_Agreements_Details

Trust Agreements (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2014
Trust Agreements [Abstract]	'
Amount on deposit in trust accounts	$262,583

Senior_Notes_Schedule_Of_Outst

Senior Notes (Schedule Of Outstanding Senior Notes) (Details) (Senior Notes [Member], USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Senior Notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Debt instrument, stated interest rate	5.40%	'
Date issued	12-Oct-04	'
Date due	15-Oct-14	'
Principal amounts	$250,000,000	'
Consolidated balance sheet amount	249,971,000	249,958,000
Market value	$256,500,000	$259,130,000

Senior_Notes_Schedule_Of_Inter

Senior Notes (Schedule Of Interest Expense Incurred In Connection With Senior Notes) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Senior Notes [Abstract]	'	'
Interest expense incurred	$3,388	$3,387

Long_Term_Subordinated_Notes_N

Long Term Subordinated Notes (Narrative) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Debt Instrument [Line Items]	'
Redemption date	1-May-47
Long Term Subordinated Notes [Member]	'
Debt Instrument [Line Items]	'
Annual interest rate, payable semi-annually in arrears on November 15 and May 15 of each year	6.60%
Percentage of principal amount required for redemption	100.00%
Outstanding debt reduction	161,441
Long Term Subordinated Notes [Member] \| Minimum [Member]	'
Debt Instrument [Line Items]	'
Applicable spread on treasury rate	0.25%
Long Term Subordinated Notes [Member] \| Maximum [Member]	'
Debt Instrument [Line Items]	'
Applicable spread on treasury rate	0.50%
Fixed Rate Interest Period [Member] \| Long Term Subordinated Notes [Member]	'
Debt Instrument [Line Items]	'
Annual interest rate, payable semi-annually in arrears on November 15 and May 15 of each year	6.60%
Interest payment commencement date	15-Nov-07
Interest basis, 3 month LIBOR plus number of basis points, reset quarterly	2.39%
Right to defer interest on one or more occasions for up to number of consecutive years	'10 years
Fixed Rate Interest Period [Member] \| Long Term Subordinated Notes [Member] \| Minimum [Member]	'
Debt Instrument [Line Items]	'
Interest payment date	'May 3, 2007
Fixed Rate Interest Period [Member] \| Long Term Subordinated Notes [Member] \| Maximum [Member]	'
Debt Instrument [Line Items]	'
Interest payment date	'May 14, 2017
Floating Rate Interest Period [Member] \| Long Term Subordinated Notes [Member]	'
Debt Instrument [Line Items]	'
Right to defer interest on one or more occasions for up to number of consecutive years	'10 years

Long_Term_Subordinated_Notes_S

Long Term Subordinated Notes (Schedule Of Outstanding Fixed To Floating Rate Long Term Subordinated Notes) (Details) (Long Term Subordinated Notes [Member], USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Debt instrument, stated interest rate	6.60%	'
Date Issued	26-Apr-07	'
Original Principal Amount	$400,000,000	'
Consolidated balance sheet amount	238,361,000	238,361,000
Market value	$249,411,000	$233,292,000
Scheduled [Member]	'	'
Debt Instrument [Line Items]	'	'
Maturity Date	15-May-37	'
Final [Member]	'	'
Debt Instrument [Line Items]	'	'
Maturity Date	1-May-67	'

Long_Term_Subordinated_Notes_S1

Long Term Subordinated Notes (Schedule Of Interest Expense Incurred In Connection With Long Term Subordinated Notes) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Long Term Subordinated Notes [Abstract]	'	'
Interest expense incurred	$3,937	$3,937

Junior_Subordinated_Debt_Secur2

Junior Subordinated Debt Securities Payable (Narrative) (Details) (Junior Subordinated Debt Securities [Member], USD $)	1 Months Ended
	24-May-13
Junior Subordinated Debt Securities [Member]	'
Debt Instrument [Line Items]	'
Debt instrument, stated interest rate	6.20%
Original Principal Amount	$329,897,000
Early redemption of junior subordinated debt, pre-tax expense	$7,282,000

Junior_Subordinated_Debt_Secur3

Junior Subordinated Debt Securities Payable (Schedule Of Interest Expense Incurred In Connection With Junior Subordinated Debt Securities) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Junior Subordinated Debt Securities Payable [Abstract]	'	'
Interest expense incurred	'	$5,113

Segment_Reporting_Schedule_Of_

Segment Reporting (Schedule Of Underwriting Results For Operating Segments) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Premiums earned	$1,144,490	$1,088,759
Incurred losses and LAE	619,409	592,644
Commission and brokerage	246,002	233,046
Other underwriting expenses	50,638	52,946
Underwriting gain (loss)	228,441	210,123
U.S. Reinsurance [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premiums	495,641	434,791
Net written premiums	497,757	434,639
Premiums earned	429,641	392,616
Incurred losses and LAE	213,455	198,158
Commission and brokerage	92,968	87,326
Other underwriting expenses	9,482	10,534
Underwriting gain (loss)	113,736	96,598
International [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premiums	321,242	297,560
Net written premiums	309,037	293,982
Premiums earned	318,381	311,978
Incurred losses and LAE	163,174	161,199
Commission and brokerage	70,974	71,444
Other underwriting expenses	7,837	7,930
Underwriting gain (loss)	76,396	71,405
Bermuda [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premiums	183,415	195,758
Net written premiums	182,570	195,823
Premiums earned	173,686	185,333
Incurred losses and LAE	94,508	91,996
Commission and brokerage	45,708	43,651
Other underwriting expenses	8,286	7,759
Underwriting gain (loss)	25,184	41,927
U.S Insurance [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premiums	230,650	252,681
Net written premiums	211,668	225,249
Premiums earned	203,237	198,832
Incurred losses and LAE	142,191	141,291
Commission and brokerage	34,209	30,625
Other underwriting expenses	23,233	26,723
Underwriting gain (loss)	3,604	193
Mt. Logan Re [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premiums	36,476	'
Net written premiums	26,557	'
Premiums earned	19,545	'
Incurred losses and LAE	6,081	'
Commission and brokerage	2,143	'
Other underwriting expenses	1,800	'
Underwriting gain (loss)	$9,521	'

Segment_Reporting_Schedule_Of_1

Segment Reporting (Schedule Of Underwriting Results For Operating Segments To Income (Loss) Before Taxes) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting [Abstract]	'	'
Underwriting gain (loss)	$228,441	$210,123
Net investment income	123,157	145,781
Net realized capital gains (losses)	21,126	126,735
Net derivative gain (loss)	-1,661	15,285
Corporate expenses	-4,945	-5,717
Interest, fee and bond issue cost amortization expense	-7,568	-13,481
Other income (expense)	-3,296	-8,887
INCOME (LOSS) BEFORE TAXES	$355,254	$469,839

Segment_Reporting_Schedule_Of_2

Segment Reporting (Schedule Of Gross Written Premiums Derived From Largest Non-U.S. Market) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Percentage threshold of company revenue not exceeded by any other country	5.00%	5.00%
United Kingdom [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Gross written premium	$206,783	$147,987

ShareBased_Compensation_Plans_

Share-Based Compensation Plans (Details) (Restricted Shares [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Restricted Shares [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Share-based compensation awards, number of restricted shares granted	172,222
Share-based compensation awards, grant exercise price	$147.03

Retirement_Benefits_Details

Retirement Benefits (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Pension Benefits [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	$2,460	$2,729
Interest cost	2,542	2,074
Expected return on plan assets	-2,823	-2,122
Amortization of prior service cost	13	13
Amortization of net (income) loss	1,091	1,904
Net periodic benefit cost	3,283	4,598
Other Benefits [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	407	499
Interest cost	342	277
Amortization of net (income) loss	82	154
Net periodic benefit cost	$831	$930

Subsequent_Events_Details

Subsequent Events (Details) (Subsequent Event [Member], USD $)	1 Months Ended
In Thousands, unless otherwise specified	Apr. 24, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Catastrophe reinsurance bonds funded amount	$450,000