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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 191,164 $ 152,198 $ 403,072
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 40,657 40,735 35,692
Net realized investment gains (58,397) (57,089) (346,444)
Bond amortization, net 4,615 1,062 6,655
Excess tax benefit from exercise of stock options (56) (132) (5)
(Increase) decrease in premiums receivable (7,819) (4,192) 17,138
Decrease in current and deferred income taxes 45,431 11,399 150,850
(Increase) decrease in deferred policy acquisition costs (851) 5,287 24,139
Decrease in unpaid losses and loss adjustment expenses (48,926) (19,129) (80,174)
Increase (decrease) in unearned premiums 10,048 (11,161) (35,111)
(Decrease) increase in accounts payable and accrued expenses (9,985) (9,054) 15,757
Decrease in trading securities in nature, net of realized gains and losses 0 0 3,209
Share-based compensation 899 812 763
Decrease in other payables (4,142) (23,186) (2,742)
Other, net (4,113) 4,231 (3,774)
Net cash provided by operating activities 158,525 91,781 189,025
CASH FLOWS FROM INVESTING ACTIVITIES      
Fixed maturities available for sale in nature: Purchases (379,963) (432,869) (430,692)
Sales 217,535 204,543 238,308
Calls or maturities 418,616 285,454 218,037
Equity securities available for sale in nature:      
Purchases (351,198) (272,519) (295,513)
Sales 325,562 240,764 337,018
Calls 0 4,826 0
Net (decrease) increase in payable for securities (9,137) 10,763 1,192
Net (increase) decrease in short-term investments (93,737) 12,815 48,718
Purchase of fixed assets (18,079) (28,886) (36,336)
Sale of fixed assets 2,990 1,341 369
Business acquisition, net of cash acquired 0 0 (115,488)
Other, net 12,026 6,868 2,690
Net cash provided by (used in) investing activities 124,615 33,100 (31,697)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid to shareholders (132,142) (129,863) (127,617)
Excess tax benefit from exercise of stock options 56 132 5
Payment to retire senior notes (125,000) 0 0
Payoff bank loan (18,000) 0 0
Proceeds from stock options exercised 1,951 733 393
Proceeds from bank loan 20,000 0 120,000
Net cash used in financing activities (253,135) (128,998) (7,219)
Net increase (decrease) in cash 30,005 (4,117) 150,109
Cash:      
Beginning of year 181,388 185,505 35,396
End of year 211,393 181,388 185,505
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Interest paid 6,193 6,607 7,244
Income taxes paid $ 8,503 $ 18,792 $ 17,615