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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net earnings $ 391,240 $ 255,243 $ 345,096
Adjustments to reconcile net earnings to net cash provided by operating activities      
Change in premium, claims and other receivables 61,675 (81,578) (38,507)
Change in reinsurance recoverables (6,812) (47,892) (2,077)
Change in ceded unearned premium (34,580) 55,741 (10,713)
Change in loss and loss adjustments expense payable 82,201 181,363 6,702
Change in unearned premium 38,662 (14,364) 7,106
Change in reinsurance, premium and claims payable, excluding restricted cash (59,177) 12,768 21,852
Change in accounts payable and accrued liabilities 100,091 17,538 31,032
Stock-based compensation expense 12,088 13,000 13,018
Depreciation and amortization expense 19,476 18,619 17,380
Gain on investments (30,120) 1,026 (12,168)
Other, net 86,403 9,812 36,479
Cash provided by operating activities 661,147 421,276 415,200
Investing activities      
Sales of available for sale fixed maturity securities 639,834 448,766 239,414
Sales of equity securities 14,117 0 0
Maturity or call of available for sale fixed maturity securities 697,404 573,958 620,884
Maturity or call of held to maturity fixed maturity securities 28,527 29,102 25,240
Cost of available for sale fixed maturity securities acquired (1,489,235) (1,550,587) (1,347,285)
Cost of equity securities acquired (262,528) 0 0
Cost of held to maturity fixed maturity securities acquired 0 0 (120,643)
Cost of other investments acquired 0 (33,060) (4,977)
Change in short-term investments (207,403) 355,468 311,983
Proceeds from sale of strategic and other investments 21,736 347 4,638
Payments for purchase of businesses, net of cash received (46,627) (1,892) (36,348)
Proceeds from sale of subsidiaries 2,029 2,550 17,068
Other, net (16,757) (21,643) (9,627)
Cash used by investing activities (618,903) (196,991) (299,653)
Financing activities      
Issuance of notes payable 0 0 0
Advances on line of credit 185,000 305,000 50,000
Payments on line of credit (80,000) (125,000) (50,000)
Payments on convertible notes 0 0 (64,472)
Sale of common stock 59,838 36,044 29,193
Purchase of common stock (173,028) (373,584) (35,124)
Dividends paid (64,345) (65,822) (63,245)
Other, net (2,869) 5,770 (13,502)
Cash used by financing activities (75,404) (217,592) (147,150)
Net decrease in cash (33,160) 6,693 (31,603)
Cash at beginning of year 104,550 97,857 129,460
Cash at end of period $ 71,390 $ 104,550 $ 97,857