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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 219,946 $ 222,568 $ 424,085 $ 412,571
Ceded premiums written (133,897) (102,433) (275,214) (265,867)
Net premiums written 86,049 120,135 148,871 146,704
Change in net unearned premium (19,182) (64,441) (16,595) (42,370)
Premiums earned, net 66,867 55,694 132,276 104,334
Net investment income (expense) 137 (16) 149 (52)
Net realized gains (losses) on investments (1) (1,705) (16,038) (9,154)
Net change in unrealized gains (losses) on investments 23 (5,788) 7,897 3,399
Net foreign currency gains (losses) on investments       23
Commission revenue 5,271 6,131 10,257 10,672
Policy fees 3,819 4,072 7,505 7,973
Other revenue 1,640 1,540 3,165 2,980
Total premiums earned and other revenues 77,756 59,928 145,211 120,175
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 25,199 29,437 51,682 55,611
General and administrative expenses 22,869 17,499 44,079 35,343
Total operating costs and expenses 48,068 46,936 95,761 90,954
INCOME BEFORE INCOME TAXES 29,688 12,992 49,450 29,221
Income taxes, current 12,351 9,086 16,298 9,860
Income taxes, deferred 308 (3,871) 4,164 1,711
Income taxes, net 12,659 5,215 20,462 11,571
NET INCOME 17,029 7,777 28,988 17,650
Basic earnings per common share $ 0.47 $ 0.20 $ 0.76 $ 0.44
Weighted average common shares outstanding - Basic 36,378 39,668 38,138 39,528
Fully diluted earnings per common share $ 0.44 $ 0.19 $ 0.73 $ 0.44
Weighted average common shares outstanding - Diluted 38,314 40,377 39,760 40,460
Cash dividend declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.18
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income 17,029 7,777 28,988 17,650
Change in net unrealized gains (losses) on available for sale investments, net of tax (2,608)   (2,608)  
Comprehensive income (loss) $ 14,421 $ 7,777 $ 26,380 $ 17,650