SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of numerator and denominator of the basic and diluted earnings per share computations

	For the Three-Month Period					For the Three-Month Period
	Ended March 31,  2015					Ended March 31,  2014
	Income		Shares	Per Share		Income		Shares	Per Share
(in thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Basic EPS
Income available to common shareholders	$	30,598	43,141	$	0.71	$	28,969	42,985	$	0.67
Effect of Dilutive Securities
Stock options		-	851				-	689
Diluted EPS
Income available to common shareholders	$	30,598	43,992	$	0.70	$	28,969	43,674	$	0.66

Schedule of changes in the balance of each component of accumulated other comprehensive earnings

(in thousands)	For the Three-Month Periods
	Ended March 31,
Unrealized Gains/Losses on Available-for-Sale Securities	2015		2014
Beginning balance	$	171,383	$	136,027
Other comprehensive earnings before reclassifications		996		21,960
Amounts reclassified from accumulated other comprehensive earnings		(8,591)		(4,223)
Net current-period other comprehensive earnings	$	(7,595)	$	17,737
Ending balance	$	163,788	$	153,764

Schedule of effects of reclassifications out of accumulated other comprehensive earnings

	Amount Reclassified from Accumulated Other
(in thousands)	Comprehensive Earnings
	For the Three-Month
Component of Accumulated	Periods Ended March 31,				Affected line item in the
Other Comprehensive Earnings	2015		2014		Statement of Earnings
Unrealized gains and losses on available-for-sale securities	$	13,217	$	6,497	Net realized investment gains
		-		-	Other-than-temporary impairment (OTTI) losses on investments
	$	13,217	$	6,497	Earnings before income taxes
		(4,626)		(2,274)	Income tax expense
	$	8,591	$	4,223	Net earnings