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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 77,332 $ 52,016
Adjustments to reconcile net income to net cash provided by operating activities:    
Bad debt expense 497 262
Depreciation and amortization 1,251 845
Amortization of share-based compensation 12,566 8,766
Amortization of original issue discount on debt 427 659
Accretion of deferred credit (427) (659)
Book overdraft increase (decrease) (2,196) (9,086)
Net realized (gains) losses on investments (292) (5,353)
Amortization of premium/accretion of discount, net 1,340 1,540
Deferred income taxes (347) 829
Excess tax (benefits) shortfall from share-based compensation (5,241) (6,465)
Other 24 25
Net change in assets and liabilities relating to operating activities:    
Restricted cash and cash equivalents   (3,997)
Prepaid reinsurance premiums 77,265 45,892
Reinsurance recoverable 19,052 51,606
Reinsurance receivable, net 7,302 (12,332)
Premiums receivable, net (5,915) (8,444)
Accrued investment income (374) (158)
Other receivables (2,269) (450)
Income taxes recoverable (5,289) 5,238
Deferred policy acquisition costs, net (37,343) (11,933)
Other assets (1,088) (768)
Unpaid losses and loss adjustment expenses (33,294) (22,307)
Unearned premiums 67,903 28,387
Accounts payable (2,539) 1,016
Reinsurance payable, net 59,361 16,019
Income taxes payable 3,869 3,899
Other liabilities and accrued expenses 1,497 514
Advance premium 8,110 (1,657)
Net cash provided by (used in) operating activities 241,182 133,904
Cash flows from investing activities:    
Proceeds from sale of property and equipment 55 30
Purchases of property and equipment (10,310) (1,578)
Payments to acquire a business (1,000)  
Purchases of equity securities (46,668) (74,407)
Purchases of fixed maturities (145,118) (61,760)
Purchases of short-term investments (87,538) (37,500)
Purchases of investment real estate, net (5,888)  
Proceeds from sales of equity securities 17,412 121,580
Proceeds from sales of fixed maturities 26,154 5,168
Proceeds from sales of short-term investments 12,500  
Maturities of fixed maturities 63,201 17,395
Maturities of short-term investments 50,000  
Net cash provided by (used in) investing activities (127,200) (31,072)
Cash flows from financing activities:    
Preferred stock dividend (7) (10)
Common stock dividend (8,520) (6,967)
Issuance of common stock 511  
Purchase of treasury stock (7,665) (29,736)
Purchase of preferred stock (257)  
Payments related to tax withholding for share-based compensation (10,195) (12,404)
Excess tax benefits (shortfall) from share-based compensation 5,241 6,465
Borrowings under promissory note 1,390  
Repayment of debt (8,103) (7,103)
Net cash provided by (used in) financing activities (27,605) (49,755)
Net increase (decrease) in cash and cash equivalents 86,377 53,077
Cash and cash equivalents at beginning of period 115,397 117,275
Cash and cash equivalents at end of period 201,774 170,352
Supplemental cash and non-cash flow disclosures:    
Interest paid 767 1,158
Income taxes paid $ 51,554 $ 28,684