Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 40,504	$ 55,880
Adjustments to reconcile net income to net cash provided by operating activities:
Investment amortization, net	3,253	2,782
Fixed Asset depreciation, net	3,278	2,379
Stock based compensation	3,810	3,353
(Credit) Provision for deferred income taxes	(5,028)	1,238
Net realized losses (gains) on investments	1,352	(319)
Net impairment losses on investments		274
Credit loss expense	2,471
Losses (earnings) from partnership investments	6,866	(1,160)
Change in net unrealized gains on equity investments	13,160	(15,555)
Changes in assets and liabilities:
Accounts receivable	(5,987)	(19,596)
Accrued investment income	404	116
Receivable from reinsurers	1,295	(18,958)
Ceded unearned premiums	9,109	(1,926)
Deferred policy acquisition costs	(3,063)	(2,315)
Taxes recoverable	592	(1,671)
Other assets	(5,732)	(4,219)
Loss and loss adjustment expense reserves	(10,819)	4,404
Unearned premium reserves	(2,212)	18,232
Taxes payable		(6,090)
Accounts payable and accrued liabilities	(14,362)	(14,587)
Payable to reinsurers	(1,117)	9,020
Other liabilities	(12,545)	2,135
Net cash provided by operating activities	25,229	13,417
Cash flows from investing activities:
Fixed maturities purchased	(83,172)	(79,891)
Equity securities purchased	(30,611)	(13,721)
Other invested assets purchased	(5,291)	(5,851)
Proceeds from sales and paydowns of fixed maturities	63,228	86,215
Proceeds from maturities, redemptions, and calls of fixed maturities	40,366	14,843
Proceed from sales of equity securities	15,758	12,323
Proceeds from other invested assets redeemed	158	559
Fixed assets purchased	(5,326)	(2,327)
Net cash (used for) provided by investing activities	(4,890)	12,150
Cash flows from financing activities:
Debt	30,000
Dividends paid to shareholders	(27,844)	(25,181)
Acquisition of treasury stock	(22,145)
Net cash used for financing activities	(19,989)	(25,181)
Net increase in cash and cash equivalents	350	386
Cash and cash equivalents at beginning of year	44,407	37,582
Cash and cash equivalents at end of period	$ 44,757	$ 37,968