SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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 June 30,  2015					Ended June 30,  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	$	37,185	43,210	$	0.86	$	35,725	43,001	$	0.83
Effect of Dilutive Securities
Stock options		-	809				-	687
Diluted EPS
Income available to common shareholders	$	37,185	44,019	$	0.84	$	35,725	43,688	$	0.82
	For the Six-Month Period					For the Six-Month Period
	Ended June 30,  2015					Ended June 30,  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	$	67,783	43,176	$	1.57	$	64,694	42,993	$	1.50
Effect of Dilutive Securities
Stock options		-	832				-	676
Diluted EPS
Income available to common shareholders	$	67,783	44,008	$	1.54	$	64,694	43,669	$	1.48

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

(in thousands)	For the Three-Month Periods				For the Six-Month Periods
	Ended June 30,				Ended June 30,
Unrealized Gains/Losses on Available-for-Sale Securities	2015		2014		2015		2014
Beginning balance	$	163,788	$	153,764	$	171,383	$	136,027
Other comprehensive earnings before reclassifications		(21,760)		26,714		(20,764)		48,674
Amounts reclassified from accumulated other comprehensive earnings		(3,172)		(6,780)		(11,763)		(11,003)
Net current-period other comprehensive earnings (loss)	$	(24,932)	$	19,934	$	(32,527)	$	37,671
Ending balance	$	138,856	$	173,698	$	138,856	$	173,698

Schedule of effects of reclassifications out of accumulated other comprehensive earnings

	Amount Reclassified from Accumulated Other
(in thousands)	Comprehensive Earnings
	For the Three-Month				For the Six-Month
Component of Accumulated	Periods Ended June 30,				Periods Ended June 30,				Affected line item in the
Other Comprehensive Earnings	2015		2014		2015		2014		Statement of Earnings
Unrealized gains and losses on available-for-sale securities	$	4,880	$	10,431	$	18,097	$	16,928	Net realized investment gains
		-		-		-		-	Other-than-temporary impairment (OTTI) losses on investments
	$	4,880	$	10,431	$	18,097	$	16,928	Earnings before income taxes
		(1,708)		(3,651)		(6,334)		(5,925)	Income tax expense
	$	3,172	$	6,780	$	11,763	$	11,003	Net earnings