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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 96,767 $ 134,293
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,715 27,903
Net realized investment losses (gains) 7,153 (78,656)
Bond amortization, net 8,659 6,613
Excess tax benefit from exercise of stock options (258) (116)
Increase in premiums receivables (27,431) (57,518)
Change in current and deferred income taxes 6,758 10,848
Increase in deferred policy acquisition costs (10,374) (14,883)
Decrease in unpaid losses and loss adjustment expenses (25,589) (6,859)
Increase in unearned premiums 46,891 77,849
Increase in accounts payable and accrued expenses 38,749 6,553
Share-based compensation 216 312
Changes in other payables 9,142 10,503
Other, net (4,681) (3,512)
Net cash provided by operating activities 169,717 113,330
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (625,326) (386,262)
Fixed maturities available-for-sale in nature: Sales 172,557 78,341
Fixed maturities available-for-sale in nature: Calls or maturities 232,426 328,592
Equity securities available-for-sale in nature:    
Purchases (463,056) (236,785)
Sales 677,017 172,144
Calls 0 923
Changes in securities payable and receivable (43,918) (1,320)
Net decrease in short-term investments 42,614 14,510
Purchase of fixed assets (12,983) (12,205)
Sale of fixed assets 610 1,864
Other, net 1,547 1,904
Net cash used in investing activities (18,512) (38,294)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (100,967) (100,469)
Proceeds from Bank Loan 40,000 0
Excess tax benefit from exercise of stock options 258 116
Proceeds from stock options exercised 1,382 2,098
Net cash used in financing activities (59,327) (98,255)
Net increase (decrease) in cash 91,878 (23,219)
Cash:    
Beginning of the year 158,183 211,393
End of period 250,061 188,174
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 796 1,319
Income taxes paid $ 17,303 $ 29,330