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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 99,126 $ 51,074
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,702 19,967
Net realized investment (gains) losses (54,973) 75,595
Bond amortization, net 19,878 17,279
Excess tax benefit from exercise of stock options (995) (106)
Increase in premiums receivables (37,965) (46,952)
Change in current and deferred income taxes 22,494 (35,822)
Increase in deferred policy acquisition costs (4,995) (8,043)
Increase in unpaid losses and loss adjustment expenses 97,865 21,079
Increase in unearned premiums 52,838 56,562
Decrease in accounts payable and accrued expenses (2,172) (17,509)
Share-based compensation (3,472) 2,946
Changes in other payables 2,539 10,255
Other, net (319) 2,382
Net cash provided by operating activities 209,551 148,707
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (742,671) (807,150)
Fixed maturities available-for-sale in nature: Sales 230,909 211,724
Fixed maturities available-for-sale in nature: Calls or maturities 421,737 283,311
Equity securities available-for-sale in nature:    
Equity securities available-for-sale in nature:Purchases (535,155) (573,011)
Equity securities available-for-sale in nature:Sales 499,126 641,854
Equity securities available-for-sale in nature:Calls 0 2,378
Changes in securities payable and receivable 17,272 (6,658)
Changes in short-term investments and purchased options (24,366) 210,274
Purchase of fixed assets (12,874) (16,384)
Sale of fixed assets 3 136
Business acquisition, net of cash acquired 0 7,771
Other, net 3,186 2,291
Net cash used in investing activities (142,833) (43,464)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (102,783) (102,183)
Excess tax benefit from exercise of stock options 995 106
Proceeds from stock options exercised 706 2,111
Net cash used in financing activities (101,082) (99,966)
Net (decrease) increase in cash (34,364) 5,277
Cash:    
Beginning of the year 264,221 289,907
End of period 229,857 295,184
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 2,797 2,228
Income taxes paid $ 374 $ 31,385