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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 47,034 $ 30,675
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 197 166
Depreciation and amortization 803 551
Amortization of share-based compensation 7,593 5,210
Amortization of original issue discount on debt 335 480
Accretion of deferred credit (335) (480)
Book overdraft increase (decrease) (3,199) (10,635)
Net realized (gains) losses on investments (281) (4,852)
Amortization of premium/accretion of discount, net 897 1,007
Deferred income taxes 1,528 394
Excess tax (benefits) shortfall from share-based compensation (4,817) (6,342)
Other 24 (5)
Net change in assets and liabilities relating to operating activities:    
Restricted cash and cash equivalents   (35)
Prepaid reinsurance premiums 79,766 47,403
Reinsurance recoverable 17,030 30,281
Reinsurance receivable, net 6,752 (26,149)
Premiums receivable, net (8,380) (8,707)
Accrued investment income (164) (30)
Other receivables (1,593) (721)
Income taxes recoverable (7,274) 5,328
Deferred policy acquisition costs, net (36,521) (12,178)
Other assets (1,107) (170)
Unpaid losses and loss adjustment expenses (22,236) (14,597)
Unearned premiums 60,134 29,221
Accounts payable (2,140) 1,368
Reinsurance payable, net 65,672 33,863
Income taxes payable 4,677 4,183
Other liabilities and accrued expenses (8,232) (6,745)
Advance premium 11,384 (288)
Net cash provided by (used in) operating activities 207,547 98,196
Cash flows from investing activities:    
Proceeds from sale of property and equipment 51 30
Purchases of property and equipment (7,414) (1,108)
Payments to acquire a business (1,000)  
Purchases of equity securities (36,522) (13,251)
Purchases of fixed maturities (73,320) (49,230)
Purchases of short-term investments (87,542)  
Purchases of investment real estate, net (5,882)  
Proceeds from sales of equity securities 17,412 68,417
Proceeds from sales of fixed maturities 14,140 4,371
Proceeds from sales of short-term investments 12,500  
Maturities of fixed maturities 53,344 12,541
Maturities of short-term investments 25,009  
Net cash provided by (used in) investing activities (89,224) 21,770
Cash flows from financing activities:    
Preferred stock dividend (5) (8)
Common stock dividend (4,237) (3,464)
Issuance of common stock 504  
Purchase of treasury stock (5,076) (19,737)
Purchase of preferred stock (257)  
Payments related to tax withholding for share-based compensation (9,791) (12,282)
Excess tax benefits (shortfall) from share-based compensation 4,817 6,342
Borrowings under promissory note 1,390  
Repayment of debt (7,735) (6,735)
Net cash provided by (used in) financing activities (20,390) (35,884)
Net increase (decrease) in cash and cash equivalents 97,933 84,082
Cash and cash equivalents at beginning of period 115,397 117,275
Cash and cash equivalents at end of period 213,330 201,357
Supplemental cash and non-cash flow disclosures:    
Interest paid 567 828
Income taxes paid $ 33,279 $ 12,935