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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 167,609 $ 57,197
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,394 16,919
Net realized investment (gains) losses (122,902) 23,365
Bond amortization, net 10,113 5,714
Excess tax benefit from exercise of stock options (5) (252)
Increase in premiums receivables (18,313) (10,674)
Change in current and deferred income taxes 40,808 (8,429)
Increase in deferred policy acquisition costs (4,751) (3,689)
Increase (decrease) in unpaid losses and loss adjustment expenses 14,046 (29,087)
Increase in unearned premiums 39,935 17,683
(Decrease) increase in accounts payable and accrued expenses (5,800) 21,671
Share-based compensation 1,069 (100)
Changes in other payables (9,146) 8,020
Other, net 2,332 (1,880)
Net cash provided by operating activities 128,389 96,458
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (331,438) (430,984)
Fixed maturities available-for-sale in nature: Sales 126,426 117,076
Fixed maturities available-for-sale in nature: Calls or maturities 117,104 163,734
Equity securities available-for-sale in nature:    
Purchases (510,895) (326,896)
Sales 390,438 322,250
Changes in securities payable and receivable (16,330) 24,450
Net decrease in short-term investments and purchased options 86,212 128,282
Purchase of fixed assets (12,204) (8,361)
Sale of fixed assets 207 453
Other, net 1,557 1,413
Net cash used in investing activities (148,923) (8,583)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (67,624) (67,303)
Excess tax benefit from exercise of stock options 5 252
Proceeds from stock options exercised 118 1,324
Proceeds from bank loan 80,000 0
Net cash provided by (used in) financing activities 12,499 (65,727)
Net (decrease) increase in cash (8,035) 22,148
Cash:    
Beginning of the year 266,508 158,183
End of period 258,473 180,331
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,152 582
Income taxes paid $ 30,049 $ 17,266