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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 78,613 $ 72,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,525 25,918
Net realized investment gains (45,616) (70,438)
Increase in premiums receivable (9,929) (23,456)
Changes in current and deferred income taxes 13,674 17,871
Decrease (increase) in deferred policy acquisition costs 1,756 (2,231)
Increase in loss and loss adjustment expense reserves 36,715 64,104
Increase in unearned premiums 19,157 30,824
Increase (decrease) in accounts payable and accrued expenses 9,068 (6,166)
Share-based compensation 56 71
Other, net 43,726 (2,901)
Net cash provided by operating activities 174,745 105,792
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (440,294) (491,231)
Fixed maturities available-for-sale in nature: Sales 65,211 172,490
Fixed maturities available-for-sale in nature: Calls or maturities 258,782 288,257
Equity securities available for sale in nature:    
Equity securities available for sale in nature: Purchases (368,896) (337,598)
Equity securities available for sale in nature: Sales 303,574 310,369
Equity securities available for sale in nature: Calls 7,100 0
Changes in securities payable and receivable (29,674) (2,388)
Net decrease in short-term investments and purchased options 97,790 1,677
Purchase of fixed assets (10,557) (8,935)
Sale of fixed assets 0 2
Other, net 3 2,343
Net cash used in investing activities (116,961) (65,014)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (68,859) (68,515)
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 371,011 0
Payoff of principal on loan and credit facilities (320,000) 0
Net cash used in financing activities (16,677) (71,718)
Net increase (decrease) in cash 41,107 (30,940)
Cash:    
Beginning of the year 220,318 264,221
End of period 261,425 233,281
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,292 1,820
Income taxes paid $ 7,063 $ 273