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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 30,312 $ 20,109 $ 36,984
Adjustments to reconcile net income to net cash provided by operating activities:      
Bad debt expense 319 653 1,315
Depreciation 840 639 831
Amortization of stock-based compensation 3,830 2,848 2,962
Net realized (gains) losses on investments 11,943 (2,350) (27,692)
Net change in unrealized (gains) losses on investments (9,443) 18,410 (1,754)
Net foreign currency (gains) losses on investments (23) (1,532) (1,143)
Amortization of premium/accretion of discount, net (4) 203 545
Deferred income taxes 3,813 (9,543) (1,333)
Excess tax (benefits) shortfall from stock-based compensation 1,760 (195) (4,099)
Other 6 (17) (627)
Net change in assets and liabilities relating to operating activities:      
Restricted cash and cash equivalents 45,304 (64,372) 5,175
Prepaid reinsurance premiums 3,174 (22,009) (20,792)
Reinsurance recoverables (3,485) (6,154) 12,265
Reinsurance receivables, net 30,871 (17,598) 3,575
Premiums receivable, net (4,589) (2,855) (7,574)
Accrued investment income 325    
Other receivables 360 129 2,810
Income taxes recoverable (2,594)   3,212
Deferred policy acquisition costs, net (4,286) (3,550) 19
Purchase of trading securities (343,962) (801,704) (617,994)
Proceeds from sales of trading securities 360,000 921,625 549,305
Other assets 331 (726) (779)
Unpaid losses and loss adjustment expenses 6,026 28,286 31,731
Unearned premiums 28,229 31,508 49,964
Accounts payable 54 547 595
Reinsurance payable, net (2,237) 11,944 (38,733)
Income taxes payable (13,801) 4,653 12,012
Other liabilities and accrued expenses 3,292 1,630 2,399
Advance premium (4,368) (450) 2,761
Net cash provided by (used in) operating activities 141,997 110,129 (4,060)
Cash flows from investing activities:      
Proceeds from sale of property and equipment 28 64 32
Purchase of property and equipment (2,726) (2,395) (1,714)
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 (2,698) (2,331) (24,634)
Cash flows from financing activities:      
Bank overdraft increase 509 2,455 2,733
Preferred stock dividend (287) (20) (20)
Common stock dividend (18,669) (12,750) (12,533)
Issuance of common stock 207 5 14
Payments related to tax withholding for share-based compensation (121) (172) (4,292)
Excess tax benefits (shortfall) from stock-based compensation (1,760) 195 4,099
Repayments of debt (1,471) (1,471) (1,471)
Net cash used in financing activities (21,592) (11,758) (11,470)
Net increase (decrease) in cash and cash equivalents 117,707 96,040 (40,164)
Cash and cash equivalents at beginning of period 229,685 133,645 173,809
Cash and cash equivalents at end of period 347,392 229,685 133,645
Supplemental cash flow disclosures:      
Interest 414 856 805
Income taxes $ 28,151 $ 19,081 $ 11,163