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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Current
 
$
32,483


$
10,042

 
$
43,124

 
$
38,137

Deferred
 
7,227

 
(13,721
)
 
20,624

 
10,081

Total income tax provision
 
$
39,710

 
$
(3,679
)
 
$
63,748

 
$
48,218
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,
 
 
2016
 
2015
Statutory federal income tax rate
 
35.0
 %
 
35.0
 %
Income tax effect of:
 
 

 
 

Investment income not subject to federal tax
 
(2.7
)%
 
(2.7
)%
Tax credits
 
(8.8
)%
 
(0.4
)%
State income taxes, net of federal benefit
 
2.8
 %
 
1.9
 %
Other, net
 
0.7
 %
 
0.7
 %
Effective income tax rate
 
27.0
 %
 
34.5
 %