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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 51,074 $ 198,905
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,967 20,145
Net realized investment losses (gains) 75,595 (102,813)
Bond amortization, net 17,279 14,650
Excess tax benefit from exercise of stock options (106) (169)
Increase in premiums receivables (46,952) (29,613)
Change in current and deferred income taxes (35,822) 16,632
Increase in deferred policy acquisition costs (8,043) (6,972)
Increase in unpaid losses and loss adjustment expenses (21,079) (23,929)
Increase in unearned premiums 56,562 59,092
(Decrease) increase in accounts payable and accrued expenses (17,509) 15,968
Share-based compensation 2,946 2,741
Changes in other payables 10,255 (14,643)
Other, net 2,382 1,645
Net cash provided by operating activities 148,707 199,497
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (807,150) (393,208)
Fixed maturities available-for-sale in nature: Sales 211,724 175,919
Fixed maturities available-for-sale in nature: Calls or maturities 283,311 213,865
Equity securities available-for-sale in nature:    
Purchases (573,011) (706,461)
Sales 641,854 522,662
Calls or maturities 2,378 0
Changes in securities payable and receivable (6,658) (5,622)
Net decrease in short-term investments and purchased options 210,274 23,788
Purchase of fixed assets (16,384) (20,880)
Sale of fixed assets 136 209
Business acquisition, net of cash acquired 7,771 0
Other, net 2,291 2,896
Net cash used in investing activities (43,464) (186,832)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (102,183) (101,461)
Excess tax benefit from exercise of stock options 106 169
Proceeds from stock options exercised 2,111 1,800
Proceeds from bank loan 0 100,000
Net cash (used in) provided by financing activities (99,966) 508
Net increase in cash 5,277 13,173
Cash:    
Beginning of the year 289,907 266,508
End of period 295,184 279,681
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 2,228 1,840
Income taxes paid $ 31,385 $ 60,049