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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net earnings $ 255,243,000 $ 345,096,000 $ 353,868,000
Adjustments to reconcile net earnings to net cash provided by operating activities      
Change in premium, claims and other receivables (81,578,000) (38,507,000) 23,432,000
Change in reinsurance recoverables (47,892,000) (2,077,000) 42,521,000
Change in ceded unearned premium 55,741,000 (10,713,000) (34,107,000)
Change in loss and loss adjustments expense payable 181,363,000 6,702,000 22,439,000
Change in unearned premium (14,364,000) 7,106,000 48,366,000
Change in reinsurance, premium and claims payable, excluding restricted cash 12,768,000 21,852,000 (38,618,000)
Change in accounts payable and accrued liabilities 17,538,000 31,032,000 96,040,000
Stock-based compensation expense 13,000,000 13,018,000 15,628,000
Depreciation and amortization expense 18,619,000 17,380,000 16,221,000
Gain on investments 1,026,000 (12,168,000) (3,518,000)
Other, net 9,812,000 36,479,000 40,525,000
Cash provided by operating activities 421,276,000 415,200,000 582,797,000
Investing activities      
Proceeds from sales of available for sale fixed income securities 448,766,000 239,414,000 551,760,000
Maturity or call of available for sale fixed income securities 573,958,000 620,884,000 347,794,000
Maturity or call of held to maturity fixed income securities 29,102,000 25,240,000 86,364,000
Cost of available for sale fixed income securities acquired (1,550,587,000) (1,347,285,000) (1,159,796,000)
Cost of held to maturity fixed income securities acquired 0 (120,643,000) (59,754,000)
Cost of other investments acquired (33,060,000) (4,977,000) 0
Change in short-term investments 355,468,000 311,983,000 (297,016,000)
Proceeds from sale of strategic and other investments 347,000 4,638,000 114,940,000
Payments for purchase of businesses, net of cash received (1,892,000) (36,348,000) (38,018,000)
Proceeds from sale of subsidiaries 2,550,000 17,068,000 50,557,000
Other, net (21,643,000) (9,627,000) (16,581,000)
Cash used by investing activities (196,991,000) (299,653,000) (419,750,000)
Financing activities      
Issuance of notes payable 0 0 296,096,000
Advances on line of credit 305,000,000 50,000,000 130,000,000
Payments on line of credit (125,000,000) (50,000,000) (350,032,000)
Payments on convertible notes 0 (64,472,000) (60,210,000)
Sale of common stock 36,044,000 29,193,000 19,198,000
Purchase of common stock (373,584,000) (35,124,000) (35,464,000)
Dividends paid (65,822,000) (63,245,000) (57,437,000)
Other, net 5,770,000 (13,502,000) (3,085,000)
Cash used by financing activities (217,592,000) (147,150,000) (60,934,000)
Net decrease in cash 6,693,000 (31,603,000) 102,113,000
Cash at beginning of year 97,857,000 129,460,000 27,347,000
Cash at end of period $ 104,550,000 $ 97,857,000 $ 129,460,000