CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Operating activities:
Net income	$ 1,611	$ 36,015
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation & amortization	2,084	2,337
Deferred income taxes	(1,047)	12,438
Net realized (gains) losses	(844)	(16,897)
Changes in assets and liabilities:
Reinsurance recoverable on paid and unpaid losses and loss adjustment expenses	(16,952)	26,105
Reserves for losses and loss adjustment expenses	42,964	9,744
Prepaid reinsurance premiums	(19,803)	216
Unearned premiums	70,009	28,706
Premiums receivable	(84,308)	(29,710)
Deferred policy acquisition costs	(5,096)	(5,883)
Accrued investment income	1,251	2,100
Reinsurance balances payable	19,304	(4,250)
Current income taxes	(3,685)	(6,727)
Other	8,897	10,172
Net cash provided by operating activities	14,385	64,366
Fixed maturities
Redemptions and maturities	95,268	84,190
Sales	461,215	439,441
Purchases	(505,278)	(529,939)
Equity securities
Sales	2,107	899
Purchases	(5,056)	(16,761)
Change in payable for securities	17,825	10,455
Net change in short-term investments	(29,848)	5,308
Purchase of property and equipment	(1,771)	(971)
Net cash provided by (used in) investing activities	34,462	(7,378)
Financing activities:
Purchase of treasury stock	(41,442)	(46,169)
Proceeds of stock issued from employee stock purchase plan	360	415
Proceeds of stock issued from exercise of stock options	807	198
Net cash used in financing activities	(40,275)	(45,556)
Increase in cash	8,572	11,432
Cash at beginning of year	31,768	509
Cash at end of period	40,340	11,941
Supplemental cash information:
Income taxes paid, net	8,134	7,214
Interest paid	4,025	4,025
Issuance of stock to directors	$ 210	$ 180