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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 76,151 $ 125,098
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43,730 41,617
Net realized investment losses (gains) 48,355 (66,334)
Increase in premiums receivable (83,944) (26,716)
Gain on sale of fixed assets 0 (3,307)
Decrease in reinsurance recoverables 2,930 2,548
Changes in current and deferred income taxes 18,459 18,149
Increase in deferred policy acquisition costs (18,328) (1,093)
Increase in loss and loss adjustment expense reserves 69,441 81,916
Increase in unearned premiums 138,849 45,536
Increase in accounts payable and accrued expenses 31,628 19,260
Share-based compensation 104 60
Other, net (2,180) 39,731
Net cash provided by operating activities 325,195 276,465
Fixed maturity securities available for sale in nature:    
Purchases (547,385) (527,418)
Sales 148,421 86,970
Calls or maturities 243,982 436,479
Equity securities available for sale in nature:    
Purchases (778,405) (626,097)
Sales 641,159 480,293
Calls 0 7,100
Changes in securities payable and receivable 13,647 (22,474)
Change in short-term investments and purchased options 39,650 9,186
Purchase of fixed assets (20,649) (14,275)
Sale of fixed assets 0 6,239
Other, net 8,064 1,983
Net cash used in investing activities (251,516) (162,014)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (103,752) (103,303)
Proceeds from stock options exercised 340 2,162
Net proceeds from issuance of senior notes 0 371,011
Payoff of principal on loan and credit facilities 0 (320,000)
Net cash used in financing activities (103,412) (50,130)
Net (decrease) increase in cash (29,733) 64,321
Cash:    
Beginning of the year 291,413 220,318
End of period 261,680 284,639
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 16,500 9,863
Income taxes (refunded) paid, net $ (10,778) $ 14,350