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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 385,328 $ 343,060
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses, net 2,304 2,077
Loss (income) from other invested assets 2,334 7,554
Distribution of income from other invested assets 3,124 1,715
Depreciation and amortization 2,859 1,439
Stock-based compensation expense 13,792 9,460
Amortization of premium on investment securities 9,675 6,707
Deferred income tax provision 20,623 (32,850)
Change in:    
Accrued investment income 155 (2,937)
Accounts receivable 9,992 (5,308)
Deferred policy acquisition costs (60) 450
Prepaid federal income tax (16,810) (28,000)
Other assets 1,513 68,514
Reserve for losses and LAE 593 479
Unearned premium reserve (13,347) (8,966)
Other accrued liabilities (16,449) (10,894)
Net cash provided by operating activities 405,626 352,500
Investing Activities    
Net change in short-term investments (594,781) (331,513)
Purchase of investments available for sale (63,548) (849,582)
Proceeds from maturity of investments available for sale 245,491 533,563
Proceeds from sales of investments available for sale 174,121 404,708
Purchase of other invested assets (12,816) (19,158)
Return of investment from other invested assets 1,803 1,272
Purchase of property and equipment (5,542) (797)
Net cash used in investing activities (255,272) (261,507)
Financing Activities    
Treasury stock acquired (35,549) (50,831)
Dividends paid (59,190) (53,301)
Net cash used in financing activities (94,739) (104,132)
Net increase (decrease) in cash 55,615 (13,139)
Cash at beginning of year 141,787 81,240
Cash at end of period 197,402 68,101
Supplemental Disclosure of Cash Flow Information    
Income tax payments (51,256) (34,671)
Interest payments (15,444) (13,520)
Noncash Transactions    
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 17,293