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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 21,447 $ 17,711
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 394 630
Depreciation 299 298
Amortization of cost of stock options 456 1,453
Amortization of non-vested shares 463 456
Net realized gains on investments (6,612) (8,152)
Net unrealized losses on investments 7,052  
Net foreign currency gains on investments (71) (842)
Other-than-temporary impairment of investments   2,408
Amortization of premium / accretion of discount, net 170 271
Deferred income taxes (3,609) 9
Other (21) (15)
Net change in assets and liabilities relating to operating activities:    
Prepaid reinsurance premiums (32,496) (32,792)
Reinsurance recoverables 2,349 28,581
Premiums receivable, net (8,790) (12,618)
Accrued investment income 981 (80)
Other receivables (1,682) 2,519
Income taxes recoverable   3,212
Deferred policy acquisition costs, net (2,580) (4,577)
Proceeds from sale of trading securities 454,266  
Purchases of trading securities (327,774)  
Other assets (1,936) (426)
Unpaid losses and loss adjustment expenses (3,554) 1,706
Unearned premiums 51,934 77,365
Accounts payable 1,925 1,650
Reinsurance payable 54,558 13,710
Income taxes payable 5,198 3,417
Other accrued expenses (3,128) (1,895)
Advance premium 5,990 2,980
Net cash provided by operating activities 215,229 96,979
Cash flows from investing activities:    
Proceeds from sale of property, plant and equipment 63 15
Purchases of property, plant and equipment (1,021) (1,296)
Purchases of fixed maturities, available for sale   (129,141)
Proceeds from sales of fixed maturities, available for sale   116,238
Purchases of equity securities, available for sale   (80,730)
Proceeds from sales of equity securities, available for sale   70,681
Net cash used in investing activities (958) (24,233)
Cash flows from financing activities:    
Bank overdraft (433) 2,276
Preferred stock dividend (10) (10)
Common stock dividend (3,939) (4,700)
Issuance of common stock   7
Purchase of treasury shares   (3,724)
Excess tax benefits from stock-based compensation   3,660
Repayment of debt (735) (735)
Net cash used in financing activities (5,117) (3,226)
Net increase in cash and cash equivalents 209,154 69,520
Cash and cash equivalents at beginning of period 147,585 192,924
Cash and cash equivalents at end of period 356,739 262,444
Supplemental cash flow disclosure    
Interest 564 504
Income taxes $ 13,083 $ 466