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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 26,980 $ 23,323
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,265 12,878
Net realized investment gains (24,460) (25,057)
Increase in premiums receivable (19,193) (29,116)
Changes in current and deferred income taxes 2,568 2,632
Decrease (increase) in deferred policy acquisition costs 1,300 (1,803)
Increase in loss and loss adjustment expense reserves 26,685 28,280
Increase in unearned premiums 20,365 29,258
Increase (decrease) in accounts payable and accrued expenses 9,584 (5,128)
Share-based compensation 35 35
Other, net 17,094 14,483
Net cash provided by operating activities 74,223 49,785
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (278,293) (386,628)
Fixed maturities available-for-sale in nature: Sales 22,509 149,744
Fixed maturities available-for-sale in nature: Calls or maturities 159,153 180,125
Equity securities available for sale in nature:    
Purchases (195,728) (163,408)
Sales 142,855 154,273
Changes in securities payable and receivable (39,264) (982)
Net decrease in short-term investments and purchased options 115,294 29,086
Purchase of fixed assets (3,425) (4,596)
Sale of fixed assets 0 2
Other, net 559 947
Net cash used in investing activities (76,340) (41,437)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (34,428) (34,257)
Employee taxes paid for withheld shares related to share-based compensation 0 (3,203)
Proceeds from stock options exercised 1,171 0
Net proceeds from issuance of senior notes 371,640 0
Payoff of principal on loan and credit facilities (320,000) 0
Net cash provided by (used in) financing activities 18,383 (37,460)
Net increase (decrease) in cash 16,266 (29,112)
Cash:    
Beginning of the year 220,318 264,221
End of period 236,584 235,109
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,292 878
Income taxes paid $ 1,051 $ 79