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Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of the provision for income taxes
The provision for income taxes is comprised of the following:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Current
$
18,062


$
46,389

 
$
71,658

 
$
72,291

Deferred
11,728

 
(13,102
)
 
48,666

 
(5,132
)
Total income tax provision
$
29,790

 
$
33,287

 
$
120,324

 
$
67,159
Schedule of reconciliation between the statutory federal income tax rate and the Company's effective federal income tax rate
The following table presents a reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate:
 
Nine Months Ended September 30,
 
2014
 
2013
Statutory federal income tax rate
35.0
 %
 
35.0
 %
Income tax effect of:
 

 
 

Investment income not subject to federal tax
(2.0
)%
 
(2.7
)%
Tax credits
(0.3
)%
 
(1.4
)%
State income taxes, net of federal benefit
1.5
 %
 
2.0
 %
Other, net
0.1
 %
 
0.4
 %
Effective income tax rate
34.3
 %
 
33.3
 %