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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 370,772 $ 385,328
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses, net 310 2,304
(Income) loss from other invested assets (11,874) 2,334
Distribution of income from other invested assets 3,327 3,124
Depreciation and amortization 2,714 2,859
Stock-based compensation expense 12,942 13,792
Amortization of premium on investment securities 7,007 9,675
Deferred income tax provision 21,409 20,623
Change in:    
Accrued investment income (2,208) 155
Accounts receivable 3,786 9,992
Deferred policy acquisition costs 416 (60)
Prepaid federal income tax (7,756) (16,810)
Other assets (2,147) 1,513
Reserve for losses and LAE 35,883 593
Unearned premium reserve (13,601) (13,347)
Other accrued liabilities (9,876) (16,449)
Net cash provided by operating activities 411,104 405,626
Investing Activities    
Net change in short-term investments 180,990 (594,781)
Purchase of investments available for sale (602,313) (63,548)
Proceeds from maturity and paydowns of investments available for sale 414,860 245,491
Proceeds from sales of investments available for sale 6,226 174,121
Purchase of other invested assets (48,617) (12,816)
Return of investment from other invested assets 1,241 1,803
Purchase of property and equipment (963) (5,542)
Net cash used in investing activities (48,576) (255,272)
Financing Activities    
Treasury stock acquired (339,362) (35,549)
Dividends paid (62,530) (59,190)
Net cash used in financing activities (401,892) (94,739)
Net (decrease) increase in cash (39,364) 55,615
Cash at beginning of year 131,480 141,787
Cash at end of period 92,116 197,402
Supplemental Disclosure of Cash Flow Information    
Income tax payments (53,737) (51,526)
Interest payments (15,625) (15,444)
Noncash Transactions    
Excise taxes payable for share repurchases 950 0
Lease liabilities arising from obtaining right-of-use assets $ 4,294 $ 0