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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 505,936 $ 295,443
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses (gains), net 7,823 (388)
Income from other invested assets (26,658) (647)
Distribution of income from other invested assets 9,711 593
Depreciation and amortization 1,490 1,723
Stock-based compensation expense 9,005 10,564
Amortization of premium on investment securities 10,451 15,761
Deferred income tax provision 34,853 40,334
Change in:    
Accrued investment income (170) (4,520)
Accounts receivable (4,428) 3,467
Deferred policy acquisition costs 1,369 2,935
Prepaid federal income tax (31,100) (30,250)
Other assets (52,672) (8,498)
Reserve for losses and LAE (197,472) 46,931
Unearned premium reserve (17,268) (29,856)
Other accrued liabilities (6,972) (3,797)
Net cash provided by operating activities 243,898 339,795
Investing Activities    
Net change in short-term investments (42,538) 354,540
Purchase of investments available for sale (733,213) (971,873)
Proceeds from maturities and paydowns of investments available for sale 126,164 107,564
Proceeds from sales of investments available for sale 575,977 312,618
Purchase of other invested assets (31,708) (49,978)
Return of investment from other invested assets 1,370 8,378
Purchase of property and equipment (1,649) (765)
Net cash used in investing activities (105,597) (239,516)
Financing Activities    
Credit facility borrowings 0 25,000
Credit facility repayments 0 (25,000)
Treasury stock acquired (97,752) (23,953)
Payment of issuance costs for credit facility (154) 0
Dividends paid (44,034) (37,016)
Net cash used in financing activities (141,940) (60,969)
Net (decrease) increase in cash (3,639) 39,310
Cash at beginning of year 81,491 102,830
Cash at end of period 77,852 142,140
Supplemental Disclosure of Cash Flow Information    
Income tax payments (49,695) (20,000)
Interest payments (4,291) (3,575)
Noncash Transactions    
Lease liabilities arising from obtaining right-of-use assets $ 10,096 $ 0