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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net Income $ 41,612 $ 39,122
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation & Amortization 2,411 2,816
Share-Based Compensation 9,146 9,409
Deferred Income Taxes (10,793) (3,076)
Net Realized Gains (2,743) (3,557)
Net Other-Than-Temporary Impairments Recognized in Earnings 1,093 150
Non-Cash Foreign Exchange Gains (1,137) (6,983)
Changes in Assets And Liabilities:    
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses 13,107 (19,743)
Reserves for Losses and Loss Adjustment Expenses 52,063 77,812
Prepaid Reinsurance Premiums (24,982) 10,174
Unearned Premiums 115,511 83,831
Premiums Receivable (116,689) (92,004)
Deferred Policy Acquisition Costs (13,137) (21,411)
Accrued Investment Income (881) (176)
Reinsurance Balances Payable 16,145 22,497
Current Income Tax Payable, Net 7,175 3,748
Other (14,997) 15,885
Net Cash Provided by Operating Activities 72,904 118,494
Fixed Maturities    
Redemptions and Maturities 165,690 127,952
Sales 95,240 225,363
Purchases (356,970) (515,752)
Equity Securities    
Sales 39,487 28,189
Purchases (21,022) (37,898)
Change in Payable for Securities 12,028 47,062
Net Change in Short-Term Investments 12,649 74,399
Purchase of Property and Equipment (2,098) (3,422)
Net Cash Used in Investing Activities (54,996) (54,107)
Financing Activities:    
Proceeds of Stock Issued From Employee Stock Purchase Plan 1,147 867
Payment of Employee Tax Withholding on Stock Compensation (13,189) (4,914)
Dividends Paid (3,092) 0
Net Cash Used in Financing Activities (15,134) (4,047)
Effect of Exchange Rate on Cash 1,805 (8,373)
Change in Cash 4,579 51,967
Cash at Beginning of Year 64,643 69,901
Cash at End of Period 69,222 121,868
Supplemental Information:    
Income Taxes Paid, Net 21,445 14,950
Interest Paid 7,619 7,619
Issuance of Stock to Directors 578 633
Dividends Declared and Unpaid $ 0 $ 1,309