Income Taxes (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Current	$	29,568	$	18,062	$	67,705	$	71,658
Deferred	1,140		11,728		11,221		48,666
Total income tax provision	$	30,708	$	29,790	$	78,926	$	120,324

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,
	2015		2014
Statutory federal income tax rate	35.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.8	)%	(2.0	)%
Tax credits	(0.3	)%	(0.3	)%
State income taxes, net of federal benefit	1.9	%	1.5	%
Other, net	(0.7	)%	0.1	%
Effective income tax rate	33.1	%	34.3	%