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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 125,098 $ 99,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,617 39,580
Net realized investment gains (66,334) (54,973)
Increase in premiums receivable (26,716) (37,965)
Gain on sale of fixed assets (3,307) 0
Changes in current and deferred income taxes 18,149 22,494
Increase in deferred policy acquisition costs (1,093) (4,995)
Increase in loss and loss adjustment expense reserves 81,916 97,865
Increase in unearned premiums 45,536 52,838
Increase (decrease) in accounts payable and accrued expenses 19,260 (2,172)
Share-based compensation 60 107
Other, net 42,279 1,910
Net cash provided by operating activities 276,465 213,815
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (527,418) (742,671)
Fixed maturities available-for-sale in nature: Sales 86,970 230,909
Fixed maturities available-for-sale in nature: Calls or maturities 436,479 421,737
Equity securities available for sale in nature:    
Equity securities available for sale in nature: Purchases (626,097) (535,155)
Equity securities available for sale in nature: Sales 480,293 499,126
Equity securities available for sale in nature: Calls 7,100 0
Changes in securities payable and receivable (22,474) 17,272
Changes in short-term investments and purchased options 11,169 (24,366)
Purchase of fixed assets (14,275) (12,874)
Sale of fixed assets 6,239 3
Other, net 0 3,186
Net cash used in investing activities (162,014) (142,833)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (103,303) (102,783)
Employee taxes paid with shares related to share-based compensation 0 (3,269)
Proceeds from stock options exercised 2,162 706
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 (50,130) (105,346)
Net increase (decrease) in cash 64,321 (34,364)
Cash:    
Beginning of the year 220,318 264,221
End of period 284,639 229,857
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 9,863 2,797
Income taxes paid $ 14,350 $ 374