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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 198,905 $ 96,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,145 23,715
Net realized investment (gains) losses (102,813) 7,153
Bond amortization, net 14,650 8,659
Excess tax benefit from exercise of stock options (169) (258)
Increase in premiums receivables (29,613) (27,431)
Change in current and deferred income taxes 16,632 6,758
Increase in deferred policy acquisition costs (6,972) (10,374)
Increase (decrease) in unpaid losses and loss adjustment expenses 23,929 (25,589)
Increase in unearned premiums 59,092 46,891
Increase in accounts payable and accrued expenses 15,968 38,749
Share-based compensation 2,741 216
Changes in other payables (14,643) 9,142
Other, net 1,645 (4,681)
Net cash provided by operating activities 199,497 169,717
CASH FLOWS FROM INVESTING ACTIVITIES    
Fixed maturities available-for-sale in nature: Purchases (393,208) (625,326)
Fixed maturities available-for-sale in nature: Sales 175,919 172,557
Fixed maturities available-for-sale in nature: Calls or maturities 213,865 232,426
Equity securities available-for-sale in nature:    
Purchases (706,461) (463,056)
Sales 522,662 677,017
Changes in securities payable and receivable (5,622) (43,918)
Net decrease in short-term investments and purchased options 23,788 42,614
Purchase of fixed assets (20,880) (12,983)
Sale of fixed assets 209 610
Other, net 2,896 1,547
Net cash used in investing activities (186,832) (18,512)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (101,461) (100,967)
Excess tax benefit from exercise of stock options 169 258
Proceeds from stock options exercised 1,800 1,382
Proceeds from bank loan 100,000 40,000
Net cash provided by (used in) financing activities 508 (59,327)
Net increase in cash 13,173 91,878
Cash:    
Beginning of the year 266,508 158,183
End of period 279,681 250,061
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Interest paid 1,840 796
Income taxes paid $ 60,049 $ 17,303