SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 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 September 30,  2015					Ended September 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	$	35,908	43,342	$	0.83	$	33,254	43,026	$	0.77
Effect of Dilutive Securities
Stock options		-	811				-	686
Diluted EPS
Income available to common shareholders	$	35,908	44,153	$	0.81	$	33,254	43,712	$	0.76
	For the Nine-Month Period					For the Nine-Month Period
	Ended September 30,  2015					Ended September 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	$	103,691	43,232	$	2.40	$	97,948	43,004	$	2.28
Effect of Dilutive Securities
Stock options		-	799				-	688
Diluted EPS
Income available to common shareholders	$	103,691	44,031	$	2.35	$	97,948	43,692	$	2.24

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

(in thousands)	For the Three-Month Periods				For the Nine-Month Periods
	Ended September 30,				Ended September 30,
Unrealized Gains/Losses on Available-for-Sale Securities	2015		2014		2015		2014
Beginning balance	$	138,856	$	173,698	$	171,383	$	136,027
Other comprehensive earnings before reclassifications		(11,257)		(8,642)		(32,020)		40,032
Amounts reclassified from accumulated other comprehensive earnings		(4,879)		(3,711)		(16,643)		(14,714)
Net current-period other comprehensive earnings (loss)	$	(16,136)	$	(12,353)	$	(48,663)	$	25,318
Ending balance	$	122,720	$	161,345	$	122,720	$	161,345

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 Nine-Month
Component of Accumulated	Periods Ended September 30,				Periods Ended September 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	$	7,507	$	5,709	$	25,604	$	22,637	Net realized investment gains
		-		-		-		-	Other-than-temporary impairment (OTTI) losses on investments
	$	7,507	$	5,709	$	25,604	$	22,637	Earnings before income taxes
		(2,628)		(1,998)		(8,961)		(7,923)	Income tax expense
	$	4,879	$	3,711	$	16,643	$	14,714	Net earnings