v2.4.0.8
INCOME TAXES (DETAILS 2) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Deferred tax assets      
Discounting of loss reserves $ 59,023 $ 61,534  
Unearned premium 39,146 32,355  
Operating loss carryforwards 20,316 20,685  
Accruals not currently deductible 39,018 25,638  
Other investment adjustments and impairments 7,859 8,790  
Tax credits 11,886 7,945  
Depreciation 2,410 3,858  
Other deferred tax assets 2,906 2,185  
Deferred tax assets before valulation allowance 182,564 162,990  
Valuation allowance (25,542) (24,574)  
Deferred tax assets net of valuation allowance 157,022 138,416  
Deferred tax liabilities      
Deferred acquisition costs (37,226) (27,211)  
Net unrealized gains on investments (23,200) (44,137)  
Amortization of intangible assets and goodwill (10,059) (8,258)  
Accrued market discounts (1,151) (1,323)  
Equalization reserves (2,080) (1,957)  
Other deferred tax liabilities (3,048) (2,736)  
Deferred tax liabilities (76,764) (85,622)  
Net deferred tax assets $ 80,258 $ 52,794 $ 60,836