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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 190,003 $ 173,175
Ceded premiums written (163,434) (123,891)
Net premiums written 26,569 49,284
Decrease (increase) in net unearned premium 22,071 (1,280)
Premiums earned, net 48,640 48,004
Net investment (expense) income (36) 257
Net realized (losses) gains on investments (7,449) 3,652
Net unrealized gains on investments 9,187 2,588
Net foreign currency gains on investments 23 71
Commission revenue 4,541 4,180
Policy fees 3,901 4,173
Other revenue 1,440 1,408
Total premiums earned and other revenues 60,247 64,333
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 26,174 26,185
General and administrative expenses 17,844 15,072
Total operating costs and expenses 44,018 41,257
INCOME BEFORE INCOME TAXES 16,229 23,076
Income taxes, current 774 8,737
Income taxes, deferred 5,582 441
Income taxes, net 6,356 9,178
NET INCOME AND COMPREHENSIVE INCOME $ 9,873 $ 13,898
Basic earnings per common share $ 0.24 $ 0.35
Weighted average of common shares outstanding--Basic 39,388 39,388
Fully diluted earnings per common share $ 0.24 $ 0.34
Weighted average of common shares outstanding--Diluted 40,544 40,838
Cash dividend declared per common share $ 0.10 $ 0.10