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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 58,977 $ 30,312 $ 20,109
Adjustments to reconcile net income to net cash provided by operating activities:      
Bad debt expense 428 319 653
Depreciation 1,012 840 639
Amortization of stock-based compensation 6,417 3,830 2,848
Amortization of original issue discount on debt 601      
Accretion of deferred credit (601)      
Book Overdraft (decrease) increase (11,047) 509 2,455
Net realized (gains) losses on investments 14,740 11,943 (2,350)
Net change in unrealized (gains) losses on investments (7,850) (9,443) 18,410
Net foreign currency (gains) losses on investments    (22) (1,532)
Amortization of premium/accretion of discount, net 1,582 (4) 203
Deferred income taxes 7,363 3,813 (9,543)
Excess tax (benefits) shortfall from stock-based compensation (359) 1,760 (195)
Other 10 6 (17)
Net change in assets and liabilities relating to operating activities:      
Restricted cash and cash equivalents 30,409 45,304 (64,372)
Prepaid reinsurance premiums (1,293) 3,174 (22,009)
Reinsurance recoverables (18,656) (3,485) (6,154)
Reinsurance receivables, net 24,131 30,871 (17,598)
Premiums receivable, net 3,256 (4,589) (2,855)
Accrued investment income (720) 325   
Other receivables 131 360 129
Income taxes recoverable (5,558) (2,594)   
Deferred policy acquisition costs, net 1,383 (4,286) (3,550)
Purchase of trading securities (26,009) (343,962) (801,704)
Proceeds from sales of trading securities 102,661 360,000 921,625
Other assets (459) 331 (726)
Unpaid losses and loss adjustment expenses (34,019) 6,026 28,286
Unearned premiums (4,583) 28,229 31,508
Accounts payable (927) 54 547
Reinsurance payable, net 973 (2,237) 11,944
Income taxes payable 2,226 (13,801) 4,653
Other liabilities and accrued expenses 4,803 3,292 1,630
Advance premium 7,937 (4,368) (450)
Net cash provided by (used in) operating activities 156,959 142,506 112,584
Cash flows from investing activities:      
Proceeds from sale of property and equipment 8 28 64
Purchase of property and equipment (1,350) (2,726) (2,395)
Purchases of equity securities, available for sale (77,859)      
Purchases of fixed maturities, available for sale (305,330)      
Proceeds from sales of equity securities, available for sale 15,542      
Proceeds from sales of fixed maturities, available for sale         
Maturities of fixed maturity securities, available for sale 16,306      
Net cash used in investing activities (352,683) (2,698) (2,331)
Cash flows from financing activities:      
Preferred stock dividend (29) (287) (20)
Common stock dividend (17,725) (18,669) (12,750)
Issuance of common stock    207 5
Purchase of treasury stock (32,366)      
Payments related to tax withholding for share-based compensation (3,161) (121) (172)
Excess tax benefits (shortfall) from stock-based compensation 359 (1,760) 195
Repayment of debt (1,471) (1,471) (1,471)
Proceeds from borrowings 20,000      
Net cash provided by (used in) financing activities (34,393) (22,101) (14,213)
Net increase (decrease) in cash and cash equivalents (230,117) 117,707 96,040
Cash and cash equivalents at beginning of period 347,392 229,685 133,645
Cash and cash equivalents at end of period 117,275 347,392 229,685
Supplemental cash and non-cash flow disclosures:      
Interest 1,166 414 856
Income taxes paid 36,634 28,151 19,081
Non-cash transfer of investments from trading to available for sale portfolio $ 4,004