Income Taxes (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of the provision for income taxes

The provision for income taxes is comprised of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2015			2014		2015		2014
Current	$	10,042		$	22,551	$	38,137	$	53,596
Deferred	(13,721		)	17,629		10,081		36,938
Total income tax provision	$	(3,679	)	$	40,180	$	48,218	$	90,534

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:

	Six Months Ended June 30,
	2015		2014
Statutory federal income tax rate	35.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.7	)%	(1.9	)%
Tax credits	(0.4	)%	(0.2	)%
State income taxes, net of federal benefit	1.9	%	1.4	%
Other, net	0.7	%	0.5	%
Effective income tax rate	34.5	%	34.8	%