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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 683,987 $ 500,796
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses (gains), net 7,648 (609)
Income from other invested assets (36,275) (41,389)
Distribution of income from other invested assets 11,149 1,568
Depreciation and amortization 2,230 2,578
Stock-based compensation expense 13,707 16,075
Amortization of premium on investment securities 14,654 25,300
Deferred income tax provision 49,106 62,670
Change in:    
Accrued investment income (3,052) (4,694)
Accounts receivable (11,811) 1,780
Deferred policy acquisition costs 1,770 3,698
Prepaid federal income tax (45,100) (45,650)
Other assets (50,722) (3,319)
Reserve for losses and LAE (194,951) 38,015
Unearned premium reserve (15,972) (46,226)
Other accrued liabilities (9,912) 7,574
Net cash provided by operating activities 416,456 518,167
Investing Activities    
Net change in short-term investments (18,052) 417,078
Purchase of investments available for sale (1,022,095) (1,503,051)
Proceeds from maturities and paydowns of investments available for sale 183,232 214,424
Proceeds from sales of investments available for sale 673,945 509,998
Purchase of other invested assets (69,019) (56,166)
Return of investment from other invested assets 1,490 16,000
Purchase of property and equipment (2,511) (1,695)
Net cash used in investing activities (253,010) (403,412)
Financing Activities    
Credit facility borrowings 0 25,000
Credit facility repayments 0 (25,000)
Treasury stock acquired (97,770) (94,814)
Payment of issuance costs for credit facility (154) 0
Dividends paid (67,546) (56,946)
Net cash used in financing activities (165,470) (151,760)
Net (decrease) increase in cash (2,024) (37,005)
Cash at beginning of year 81,491 102,830
Cash at end of period 79,467 65,825
Supplemental Disclosure of Cash Flow Information    
Income tax payments (73,226) (35,000)
Interest payments (8,044) (5,321)
Noncash Transactions    
Lease liabilities arising from obtaining right-of-use assets $ 10,096 $ 0