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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 73,044 $ 74,479 $ 177,949
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,385 26,478 28,054
Net realized investment losses (gains) 34,255 83,807 (81,184)
Bond amortization, net 26,873 21,360 18,918
Excess tax benefits related to share-based compensation (913) (27) (148)
Increase in premiums receivable (22,531) (41,512) (23,934)
Changes in current and deferred income taxes (2,130) (35,287) 8,343
Decrease (increase) in deferred policy acquisition costs 936 (4,560) (2,736)
Increase in unpaid losses and loss adjustment expenses 143,560 36,214 52,813
Increase in unearned premiums 25,124 42,552 46,271
(Decrease) increase in accounts payable and accrued expenses (10,586) (35,086) 31,019
Share-based compensation 142 5,208 4,112
(Decrease) increase in other payables (2,627) 18,114 (10,988)
Other, net (4,059) (1,496) (1,954)
Net cash provided by operating activities 287,473 190,244 246,535
CASH FLOWS FROM INVESTING ACTIVITIES      
Fixed maturity securities available-for-sale in nature: Purchases (1,077,638) (965,701) (542,494)
Fixed maturity securities available-for-sale in nature: Sales 396,766 260,946 209,680
Fixed maturity securities available-for-sale in nature: Calls or maturities 647,059 386,644 330,637
Equity securities available for sale in nature:      
Purchases (714,113) (748,217) (868,383)
Sales 696,138 805,417 745,058
Calls 0 2,851 1,044
Changes in securities payable and receivable 29,958 (1,387) 9,294
Net (increase) decrease in short-term investments and purchased options (191,530) 187,492 (56,530)
Purchase of fixed assets (16,979) (20,112) (26,037)
Sale of fixed assets 14 141 224
Business acquisition, net of cash acquired 0 7,771 0
Other, net 3,605 2,473 3,472
Net cash used in investing activities (226,720) (81,682) (194,035)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (137,201) (136,386) (135,496)
Excess tax benefits related to share-based compensation 913 27 148
Proceeds from stock options exercised 1,632 2,111 6,247
Proceeds from bank loan 30,000 0 100,000
Net cash used in financing activities (104,656) (134,248) (29,101)
Net (decrease) increase in cash (43,903) (25,686) 23,399
Cash:      
Beginning of year 264,221 289,907 266,508
End of year 220,318 264,221 289,907
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 3,531 2,989 2,543
Income taxes (refunded) $ (183)    
Income taxes paid   $ 31,390 $ 61,139