Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2012

Accumulated Other Comprehensive Income [Abstract]

Reconciliation of the components of accumulated other comprehensive income

A reconciliation of the components of accumulated other comprehensive income at December 31 is as follows:

	2012			2011
Investments:
Total unrealized gain before federal income taxes	$	54,565		$	40,911
Deferred tax liability		(19,098	)		(14,319	)
Net unrealized gains on investments		35,467			26,592
Foreign exchange adjustment:
Gross unrealized gains		3,039			2,706
Deferred tax liability		(1,063	)		(947	)
Net unrealized gains on foreign exchange adjustment		1,976			1,759
Accumulated other comprehensive income	$	37,443		$	28,351

Other comprehensive income (loss) reclassification adjustments

Other comprehensive income (loss) reclassification adjustments for the years ended December 31 are as follows:

	2012		2011			2010
Investments:
Pre-tax holding gains (losses) on debt and equity
securities arising during period	$	15,612	$	(7,146	)	$	11,369
Applicable federal income taxes (credits)		5,464		(2,501	)		3,979
		10,148		(4,645	)		7,390
Pre-tax gains (losses) on debt and equity securities
included in net income (loss) during period		1,959		4,088			8,280
Applicable federal income taxes (credits)		686		1,431			2,898
		1,273		2,657			5,382
Change in unrealized gains (losses) on investments	$	8,875	$	(7,302	)	$	2,008

Reconciliation of Accumulated Other Comprehensive Income and retained Earnings

Reconciliation of accumulated other comprehensive income and retained earnings for the years ended December 31 are as follows:

	2012			2011			2010
Beginning accumulated other comprehensive income	$	28,351		$	35,883		$	33,434
Change in foreign exchange adjustment		217			(230	)		441
Change in unrealized net gains (losses) on investments		8,875			(7,302	)		2,008
Ending accumulated other comprehensive income	$	37,443		$	28,351		$	35,883
		2012			2011			2010
Beginning retained earnings	$	241,325		$	284,346		$	292,543
Net income (loss)		31,919			(28,175	)		25,015
Dividends		(14,886	)		(14,846	)		(33,212	)
Ending retained earnings	$	258,358		$	241,325		$	284,346