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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 63,466 $ 63,762 $ 25,597
Adjustments to reconcile net income to netcash provided by (used in) operating activities:      
Depreciation & amortization 4,518 5,931 4,059
Deferred income taxes 277 (11,414) 6,224
Net realized (gains) losses (22,939) (41,074) (11,996)
Net other-than-temporary losses recognized in earnings 2,393 858 1,985
Call premium on redemption of Senior Notes 17,895    
Changes in assets and liabilities:      
Reinsurance recoverable on paid and unpaid losses and loss adjustment expenses 68,599 (40,185) 10,084
Reserves for losses and loss adjustment expenses (51,977) 14,369 98,879
Prepaid reinsurance premiums (26,807) (56,853) (7,477)
Unearned premiums 72,199 109,778 69,602
Premiums receivable (4,843) (64,457) (75,973)
Deferred policy acquisition costs (6,002) 2,979 (8,815)
Accrued investment income (1,279) 1,905 961
Reinsurance balances payable 1,439 57,114 2,865
Current income taxes (12,051) 17,523 (17,226)
Other 31,987 36,503 19,569
Net cash provided by (used in) operating activities 136,875 96,739 118,338
Fixed maturities      
Redemptions and maturities 237,627 188,282 166,657
Sales 648,335 1,319,404 666,976
Purchases (899,930) (1,711,080) (803,568)
Equity securities      
Sales 72,113 39,503 73,590
Purchases (89,288) (37,587) (75,894)
Change in payable for securities (46,414) 56,543 12,432
Net change in short-term investments (142,214) (31,568) 30,384
Purchase of property and equipment (10,088) (3,336) (4,571)
Net cash provided by (used in) investing activities (229,859) (179,839) 66,006
Financing activities:      
Net Proceeds from Debt Offering 263,278    
Redemption of 7.0% Senior Notes Due May 1, 2016 (132,437)    
Purchase of treasury stock     (90,866)
Proceeds of stock issued from employee stock purchase plan 821 672 945
Proceeds of stock issued from exercise of stock options 2,495 404 1,169
Net cash provided by (used in) financing activities 134,157 1,076 (88,752)
Increase (decrease) in cash 41,173 (82,024) 95,592
Cash at beginning of year 45,336 127,360 31,768
Cash at end of period 86,509 45,336 127,360
Supplemental cash information:      
Income taxes paid, net 41,094 19,602 14,145
Interest paid 8,050 8,050 8,050
Issuance of stock to directors $ 400 $ 242 $ 210