Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of the provision for income taxes

The provision for income taxes is comprised of the following:

	Three Months Ended March 31,
	2016		2015
Current	$	10,640	$	28,094
Deferred	13,398		23,802
Total income tax provision	$	24,038	$	51,896

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:

	Three Months Ended March 31,
	2016		2015
Statutory federal income tax rate	35.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.3	)%	(2.0	)%
Tax credits	(16.3	)%	(0.2	)%
State income taxes, net of federal benefit	2.3	%	1.3	%
Other, net	0.9	%	0.4	%
Effective income tax rate	19.6	%	34.5	%