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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 134,293 $ 111,695
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,903 30,596
Net realized investment (gains) losses (78,656) 14,465
Bond amortization, net 6,613 4,071
Excess tax benefit from exercise of stock options (116) (40)
Increase in premiums receivables (57,518) (17,204)
Change in current and deferred income taxes 10,848 22,209
Increase in deferred policy acquisition costs (14,883) (4,054)
Decrease in unpaid losses and loss adjustment expenses (6,859) (55,480)
Increase in unearned premiums 77,849 32,829
Increase in accounts payable and accrued expenses 6,553 1,967
Share-based compensation 312 606
Increase in other payables 10,503 24,659
Other, net (3,512) (219)
Net cash provided by operating activities 113,330 166,100
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (386,262) (265,648)
Fixed maturities available-for-sale in nature: Sales 78,341 195,551
Fixed maturities available-for-sale in nature: Calls or maturities 328,592 294,230
Equity securities available-for-sale in nature:    
Purchases (236,785) (292,972)
Sales 172,144 268,783
Calls 923 0
Net decrease in payable for securities (1,320) (5,122)
Net decrease (increase) in short-term investments 14,510 (109,175)
Purchase of fixed assets (12,205) (12,613)
Sale of fixed assets 1,864 2,922
Other, net 1,904 9,149
Net cash (used in) provided by investing activities (38,294) 85,105
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (100,469) (98,680)
Excess tax benefit from exercise of stock options 116 40
Proceeds from stock options exercised 2,098 810
Payment to retire senior notes 0 (125,000)
Net cash used in financing activities (98,255) (222,830)
Net (decrease) increase in cash (23,219) 28,375
Cash:    
Beginning of the year 211,393 181,388
End of period 188,174 209,763
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,319 5,286
Income taxes paid $ 29,330 $ 503