For the Year Ended December 31, 2013 | |||||||
Details about accumulated other comprehensive income components | Amount reclassified from accumulated other comprehensive income | Affected line item in the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | |||||
Gains and losses on cash flow hedges - | |||||||
Debt | $ | 89 | Interest expense | ||||
89 | Total before income taxes | ||||||
- | Income tax expense | ||||||
$ | 89 | Total net of income taxes | |||||
Unrealized (gains) losses on available for sale securities | $ | (14,497) | Net realized and unrealized investment gains | ||||
1,616 | Net impairment losses recognized in earnings | ||||||
(12,881) | Total before income taxes | ||||||
1,051 | Income tax expense | ||||||
$ | (11,830) | Total net of income taxes |
For the Year Ended December 31, 2013 | ||||||||||||||
Gains and losses on cash flow hedges | Unrealized gains and losses on available for sale securities | Foreign currency items | Total | |||||||||||
Beginning balance | $ | (1,944) | $ | 141,731 | $ | 12,676 | $ | 152,463 | ||||||
Other comprehensive (loss) income before reclassifications | - | (83,951) | 5,960 | (77,991) | ||||||||||
Amounts reclassified from accumulated other comprehensive income(1) | 89 | (11,830) | - | (11,741) | ||||||||||
Net current period other comprehensive income (loss) | 89 | (95,781) | 5,960 | (89,732) | ||||||||||
Ending balance | $ | (1,855) | $ | 45,950 | $ | 18,636 | $ | 62,731 | ||||||
(1) All amounts are net of tax. |
2013 | 2012 | ||||||||
Preferred shares | |||||||||
Authorized – $1.00 par value each | 17,200,000 | 17,200,000 | |||||||
Issued, outstanding and fully paid: | |||||||||
Series A preferred shares – $1.00 par value each; aggregate liquidation | |||||||||
preference $200,000 (2012 - $200,000) | 8,000,000 | 8,000,000 | |||||||
Series B preferred shares – $1.00 par value each; aggregate liquidation | |||||||||
preference $230,000 (2012 - $230,000) | 9,200,000 | 9,200,000 | |||||||
17,200,000 | 17,200,000 | ||||||||
Common shares | |||||||||
Authorized – $1.00 par value each | 120,000,000 | 120,000,000 | |||||||
Issued, outstanding and fully paid: | |||||||||
Ordinary common shares – $1.00 par value each | 44,368,742 | 43,116,394 |