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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 72,649 $ 66,461
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,760 8,817
Net realized investment gains (46,712) (44,050)
Bond amortization, net 4,153 2,735
Increase in premiums receivables (26,448) (22,916)
Change in current and deferred income taxes 10,643 24,094
Increase in deferred policy acquisition costs (6,852) (4,934)
Increase (decrease) in unpaid losses and loss adjustment expenses 5,061 (26,705)
Increase in unearned premiums 39,995 27,944
(Decrease) increase in accounts payable and accrued expenses (13,626) 17,660
Share-based compensation 398 29
Changes in other payables (6,820) (417)
Other, net 10,245 9,480
Net cash provided by operating activities 49,446 58,198
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (177,508) (209,768)
Fixed maturities available-for-sale in nature: Sales 73,911 9,568
Fixed maturities available-for-sale in nature: Calls or maturities 59,633 81,541
Equity securities available-for-sale in nature:    
Purchases (242,958) (168,328)
Sales 157,453 160,997
Changes in securities payable and receivable (678) (10,449)
Net decrease in short-term investments 12,206 142,368
Purchase of fixed assets (6,445) (4,501)
Sale of fixed assets 151 147
Other, net 840 727
Net cash (used in) provided by investing activities (123,395) 2,302
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (33,811) (33,641)
Proceeds from stock options exercised 84 0
Proceeds from bank loan 80,000 0
Net cash provided by (used in) financing activities 46,273 (33,641)
Net (decrease) increase in cash (27,676) 26,859
Cash:    
Beginning of the year 266,508 158,183
End of period 238,832 185,042
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 477 368
Income taxes paid $ 18,737 $ 439