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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 19,105 $ 46,514 $ 117,051
Adjustments to reconcile net income to net cash provided by operating activities:      
Bad debt expense 526 453 467
Depreciation and amortization 5,107 4,957 4,820
Amortization of share-based compensation 8,695 13,008 12,786
Reversal of provision for credit losses on available-for-sale debt securities (605) 0 0
Book overdraft increase (decrease) (31,002) (12,442) 66,128
Net realized (gains) losses sale on investments (63,352) 12,715 2,089
Net change in unrealized gains (losses) of equity securities (25) (23,188) 17,169
Amortization of premium/accretion of discount, net 4,629 1,663 1,482
Deferred income taxes 2,789 1,972 (3,740)
Excess tax (benefit) shortfall from share-based compensation 237 (641) (5,427)
Other 162 411 196
Issuance of common stock 30 147 0
Net change in assets and liabilities relating to operating activities:      
Prepaid reinsurance premiums (40,515) (32,458) (9,944)
Reinsurance recoverable 32,819 225,367 (236,198)
Premiums receivable, net (3,525) (4,475) (3,823)
Accrued investment income 1,544 (330) (1,149)
Income taxes recoverable 3,470 (22,483) 3,741
Deferred policy acquisition costs, net (18,732) (7,196) (11,627)
Other assets 862 (2,498) (968)
Unpaid losses and loss adjustment expenses 54,705 (205,069) 224,404
Unearned premiums 121,856 59,600 69,235
Commission payable 2,378 1,341 8,248
Reinsurance payable, net (112,269) 29,275 (17,075)
Other liabilities and accrued expenses 21,872 (6,798) (7,766)
Advance premium 18,587 4,753 6
Net cash provided by (used in) operating activities 29,348 84,598 230,105
Cash flows from investing activities:      
Proceeds from sale of property and equipment 182 38 35
Purchases of property and equipment (17,216) (11,314) (6,731)
Purchases of equity securities (116,265) (1,351) (25,803)
Purchases of available-for-sale debt securities (1,074,629) (221,647) (437,635)
Purchases of investment real estate, net (7) (883) (6,375)
Proceeds from sales of equity securities 81,559 29,680 8,285
Proceeds from sales of available-for-sale debt securities 1,008,436 77,790 134,591
Proceeds from sales of investment real estate 0 10,537 0
Maturities of available-for-sale debt securities 139,982 145,476 111,347
Maturities of short-term investments 0 0 10,000
Net cash provided by (used in) investing activities 22,042 28,326 (212,286)
Cash flows from financing activities:      
Preferred stock dividend (10) (10) (10)
Common stock dividend (24,547) (26,106) (25,508)
Issuance of common stock for stock option exercises 0 239 102
Purchase of treasury stock (28,921) (66,186) (25,276)
Payments related to tax withholding for share-based compensation (1,315) (3,709) (12,714)
Repayment of debt (1,470) (1,471) (1,471)
Net cash provided by (used in) financing activities (56,263) (97,243) (64,877)
Cash and cash equivalents, and restricted cash and cash equivalents:      
Net increase (decrease) during the period (4,873) 15,681 (47,058)
Balance, beginning of period 184,744 169,063 216,121
Balance, end of period 179,871 184,744 169,063
Supplemental cash and non-cash flow disclosures:      
Interest paid 102 248 346
Income taxes paid 21 38,945 41,996
Income tax refund 1,390 789 747
Cash and cash equivalents, and restricted cash and cash equivalents within the Consolidated Balance Sheets      
Total cash and cash equivalents and restricted cash and cash equivalents $ 179,871 $ 184,744 $ 216,121