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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 150,021 $ 149,805
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,422 13,052
Deferred tax expense 2,635 15,877
Net realized investment (gains) losses (2,215) (1,891)
Change in certain assets and liabilities:    
Accrued investment income (1,130) 2,763
Reinsurance recoverable on loss reserves (7,859) (4,115)
Reinsurance recoverable on paid losses 63 (170)
Premium receivable 937 2,147
Deferred insurance policy acquisition costs (774) (983)
Profit commission receivable (5,430) 1,121
Loss reserves 32,573 19,419
Unearned premiums (13,546) (14,894)
Return premium accrual 2,900 (400)
Current income taxes 36,897 22,527
Other, net (14,461) (19,934)
Net cash provided by operating activities 198,033 184,324
Cash flows from investing activities:    
Purchases of investments (652,328) (280,614)
Proceeds from sales of investments 59,378 224,803
Proceeds from maturity of fixed income securities 318,892 222,544
Additions to property and equipment (441) (580)
Net cash provided by (used in) investing activities (274,499) 166,153
Cash flows from financing activities:    
Repurchase of common stock 0 (119,997)
Dividends paid (20,827) (21,111)
Payment of withholding taxes related to share-based compensation net share settlement (6,621) (8,899)
Net cash provided by (used in) financing activities (27,448) (150,007)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents (103,914) 200,470
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period 296,680 169,056
Cash and cash equivalents and restricted cash and cash equivalents at end of period $ 192,766 $ 369,526