Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Feb. 13, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013
Entity Registrant Name	Employers Holdings, Inc.
Entity Central Index Key	0001379041
Current Fiscal Year End Date	--12-31
Entity Well Know Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		31,309,830
Entity Public Float			$ 757,913,105
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Available for sale:
Fixed maturity securities at fair value (amortized cost $2,116,064 at December 31, 2013 and $1,869,142 at December 31, 2012)	$ 2,182,546	$ 2,024,428
Equity securities at fair value (cost $89,689 at December 31, 2013 and $81,067 at December 31, 2012)	162,312	125,086
Total investments	2,344,858	2,149,514
Cash and cash equivalents	34,503	140,661
Restricted cash and cash equivalents	6,564	5,353
Accrued investment income	20,255	19,356
Premiums receivable, less bad debt allowance of $7,064 at December 31, 2013 and $5,957 at December 31, 2012	279,080	223,011
Reinsurance recoverable for:
Paid losses	8,412	9,467
Unpaid losses, including bad debt allowance of $389 at December 31, 2013	742,666	805,386
Deferred policy acquisition costs	43,532	38,852
Deferred income taxes, net	58,062	26,231
Property and equipment, net	16,616	14,680
Intangible assets, net	9,685	10,558
Goodwill	36,192	36,192
Contingent commission receivable–LPT Agreement	25,104	19,141
Other assets	17,920	12,937
Total assets	3,643,449	3,511,339
Claims and policy liabilities:
Unpaid losses and loss adjustment expenses	2,330,491	2,231,540
Unearned premiums	303,967	265,149
Total claims and policy liabilities	2,634,458	2,496,689
Commissions and premium taxes payable	45,314	40,825
Accounts payable and accrued expenses	18,711	19,522
Deferred reinsurance gain—LPT Agreement	249,072	281,043
Notes payable	102,000	112,000
Other liabilities	25,191	21,879
Total liabilities	3,074,746	2,971,958
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, $0.01 par value; 150,000,000 shares authorized; 54,672,904 and 54,144,453 shares issued and 31,299,930 and 30,771,479 shares outstanding at December 31, 2013 and 2012, respectively	547	542
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued	0	0
Additional paid-in capital	338,090	325,990
Retained earnings	502,198	445,850
Accumulated other comprehensive income, net	90,418	129,549
Treasury stock, at cost (23,372,974 shares at December 31, 2013 and 2012)	(362,550)	(362,550)
Total stockholders’ equity	568,703	539,381
Total liabilities and stockholders’ equity	$ 3,643,449	$ 3,511,339

Consolidated Balance Sheets (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Available for sale:
Fixed maturity securities, amortized cost	$ 2,205,753	$ 1,950,209
Premiums receivable, bad debt allowance	7,064	5,957
Reinsurance recoverables, allowance for unpaid losses	389	0
Stockholders' equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	54,672,904	54,144,453
Common stock, shares outstanding (in shares)	31,299,930	30,771,479
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, at cost (in shares)	23,372,974	23,372,974
Debt Securities [Member]
Available for sale:
Fixed maturity securities, amortized cost	2,116,064	1,869,142
Equity Securities [Member]
Available for sale:
Fixed maturity securities, amortized cost	$ 89,689	$ 81,067

Consolidated Statements of Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues
Net premiums earned	$ 642,349	$ 501,464	$ 363,424
Net investment income	70,764	72,363	80,117
Realized gains on investments, net	9,529	5,048	20,161
Other income	939	307	452
Total revenues	723,581	579,182	464,154
Expenses
Losses and loss adjustment expenses	463,579	287,910	262,511
Commission expense	78,258	65,580	47,344
Underwriting and other operating expenses	125,324	124,644	104,140
Interest expense	3,246	3,504	3,642
Total expenses	670,407	481,638	417,637
Net income before income taxes	53,174	97,544	46,517
Income tax benefit	(10,650)	(9,347)	(2,106)
Net income	63,824	106,891	48,623
Comprehensive income
Unrealized (losses) gains during the period (net of tax (benefit) expense of $(17,734), $8,675, and $24,602 for the years ended December 31, 2013, 2012, and 2011, respectively)	(32,937)	16,111	45,691
Reclassification adjustment for realized gains in net income (net of taxes of $3,335, $1,767, and $7,056 for the years ended December 31, 2013, 2012, and 2011, respectively)	(6,194)	(3,281)	(13,105)
Other comprehensive (loss) income, net of tax	(39,131)	12,830	32,586
Total comprehensive income	24,693	119,721	81,209
Earnings per common share (Note 19):
EPS, basic	$ 2.05	$ 3.40	$ 1.30
EPS, diluted	$ 2.00	$ 3.37	$ 1.30
Cash dividends declared per common share	$ 0.24	$ 0.24	$ 0.24
Realized gains on investments, net
Net realized gains on investments before credit related impairments on fixed maturity and equity securities	9,597	5,700	20,255
Other than temporary impairment, credit losses recognized in earnings	(68)	(652)	(94)
Realized gains on investments, net	$ 9,529	$ 5,048	$ 20,161

Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other Comprehensive Income Parenthetical [Abstract]
Other comprehensive income (loss), unrealized holding gain (loss) on securities arising during period, tax	$ (17,734)	$ 8,675	$ 24,602
Other comprehensive income (loss), reclassification adjustment for sale of securities included in net income, tax	$ 3,335	$ 1,767	$ 7,056

Consolidated Statements of Stockholders Equity (USD $) In Thousands, except Share data	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income, Net	Treasury Stock at Cost
Stockholders' equity, value at Dec. 31, 2010	$ 477,603	$ 538	$ 314,212	$ 306,828	$ 84,133	$ (228,108)
Stockholders' equity, shares at Dec. 31, 2010		53,779,118
Stock-based compensation (Note 15), shares		0
Stock-based compensation (Note 15), value	3,742	0	3,742	0	0	0
Stock-options exercised, shares		92,646
Stock options exercised, value	1,531	1	1,530	0	0	0
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), shares		76,678
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), value	(512)	(1)	(513)	0	0	0
Acquisition of treasury stock (Note 14), shares		0
Acquisition of treasury stock (Note 14), value	(92,647)	0	0	0	0	(92,647)
Dividend to common stockholders, shares		0
Dividend to common stockholders, value	8,943	0	18	8,961	0	0
Net income for the period	48,623	0	0	48,623	0	0
Change in net unrealized gains on investments, net of taxes	32,586	0	0	0	32,586	0
Stockholders' equity, value at Dec. 31, 2011	461,983	540	318,989	346,490	116,719	(320,755)
Stockholders' equity, shares at Dec. 31, 2011		53,948,442
Stock-based compensation (Note 15), shares		0
Stock-based compensation (Note 15), value	6,141	0	6,141	0	0	0
Stock-options exercised, shares		101,261
Stock options exercised, value	1,431	1	1,430	0	0	0
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), shares		94,750
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), value	(592)	(1)	(593)	0	0	0
Acquisition of treasury stock (Note 14), shares		0
Acquisition of treasury stock (Note 14), value	(41,795)	0	0	0	0	(41,795)
Dividend to common stockholders, shares		0
Dividend to common stockholders, value	7,508	0	23	7,531	0	0
Net income for the period	106,891	0	0	106,891	0	0
Change in net unrealized gains on investments, net of taxes	12,830	0	0	0	12,830	0
Stockholders' equity, value at Dec. 31, 2012	539,381	542	325,990	445,850	129,549	(362,550)
Stockholders' equity, shares at Dec. 31, 2012	54,144,453	54,144,453
Stock-based compensation (Note 15), shares		0
Stock-based compensation (Note 15), value	5,622	0	5,622	0	0	0
Stock-options exercised, shares		411,295
Stock options exercised, value	7,356	4	7,352	0	0	0
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), shares		117,156
Vesting of restricted stock units, net of shares withheld to satisfy minimum tax withholding (Note 15), value	(894)	(1)	(895)	0	0	0
Dividend to common stockholders, shares		0
Dividend to common stockholders, value	7,455	0	21	7,476	0	0
Net income for the period	63,824	0	0	63,824	0	0
Change in net unrealized gains on investments, net of taxes	(39,131)	0	0	0	(39,131)	0
Stockholders' equity, value at Dec. 31, 2013	$ 568,703	$ 547	$ 338,090	$ 502,198	$ 90,418	$ (362,550)
Stockholders' equity, shares at Dec. 31, 2013	54,672,904	54,672,904

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating activities
Net income	$ 63,824	$ 106,891	$ 48,623
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,080	5,601	6,388
Stock-based compensation	5,622	6,141	3,742
Amortization of premium on investments, net	8,969	7,019	7,242
Deferred income tax benefit	(10,761)	(10,999)	(1,608)
Realized gains on investments, net	(9,529)	(5,048)	(20,161)
Other operating activities, adjustments to reconcile net income to net cash	241	134	(3,043)
Change in operating assets and liabilities:
Premiums receivable	(57,175)	(62,979)	(48,399)
Reinsurance recoverable on paid and unpaid losses	63,775	136,716	18,889
Federal income taxes recoverable	(3,663)	100	2,055
Unpaid losses and loss adjustment expenses	98,951	(40,823)	(7,366)
Unearned premiums	38,818	70,216	45,448
Accounts payable, accrued expenses and other liabilities	(1,080)	2,132	(5,645)
Deferred reinsurance gain–LPT Agreement	(31,971)	(84,920)	(17,436)
Contingent commission receivable–LPT Agreement	(5,963)	(15,014)	(1,863)
Other	(2,413)	16,082	15,518
Net cash provided by operating activities	163,725	131,249	42,384
Investing activities
Purchase of fixed maturity securities	(514,210)	(444,001)	(217,630)
Purchase of equity securities	(30,499)	(30,979)	(21,080)
Proceeds from sale of fixed maturity securities	52,471	50,465	235,646
Proceeds from sale of equity securities	30,652	16,147	6,246
Proceeds from maturities and redemptions of investments	206,843	227,888	190,449
Proceeds from sale of fixed assets	780	226	396
Capital expenditures and other	(3,716)	(5,116)	(4,687)
Restricted cash and cash equivalents (used in) provided by investing activities	(1,211)	946	10,650
Net cash (used in) provided by investing activities	(258,890)	(184,424)	199,990
Financing activities
Acquisition of treasury stock	0	(41,795)	(91,975)
Cash transactions related to stock-based compensation	6,462	839	1,019
Dividends paid to stockholders	(7,455)	(7,508)	(8,943)
Payments on notes payable	(10,000)	(10,000)	(10,000)
Net cash used in financing activities	(10,993)	(58,464)	(109,899)
Net (decrease) increase in cash and cash equivalents	(106,158)	(111,639)	132,475
Cash and cash equivalents at the beginning of the period	140,661	252,300	119,825
Cash and cash equivalents at the end of the period	34,503	140,661	252,300
Cash paid (received) for income taxes	3,850	1,819	(2,697)
Cash paid for interest	3,052	3,375	3,561
Schedule of non-cash transactions
Financed property and equipment purchases	$ 3,582	$ 3,106	$ 0

Basis of Presentation	12 Months Ended
Basis of Presentation	Dec. 31, 2013
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation and Summary of Operations Nature of Operations and Organization Employers Holdings, Inc. (EHI) is a Nevada holding company. Through its wholly owned insurance subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC), and Employers Assurance Company (EAC), EHI is engaged in the commercial property and casualty insurance industry, specializing in workers' compensation products and services. Unless otherwise indicated, all references to the “Company” refer to EHI, together with its subsidiaries. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). All intercompany transactions and balances have been eliminated in consolidation. The Company considers an operating segment to be any component of its business whose operating results are regularly reviewed by the Company's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance based on discrete financial information. Currently, the Company has one operating segment, workers' compensation insurance and related services. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. As a result, actual results could differ from these estimates. The most significant areas that require management judgment are the estimate of unpaid losses and loss adjustment expenses (LAE), evaluation of reinsurance recoverables, recognition of premium revenue, deferred income taxes, investments, and the valuation of goodwill and intangible assets. Reclassifications Certain prior period information has been reclassified to conform to the current period presentation.

Changes in Estimates	12 Months Ended
Changes in Estimates	Dec. 31, 2013
Changes in Estimates [Abstract]
Accounting Changes and Error Corrections	Changes in Estimates In 2013, the Company increased its estimate of contingent commission receivable – LPT Agreement as a result of the determination in the fourth quarter of 2013 that an adjustment was necessary to reflect observed favorable paid loss trends. This change in estimate resulted in a $4.3 million cumulative adjustment to the deferred reinsurance gain–LPT Agreement (Deferred Gain), which was also recognized in losses and LAE incurred in the consolidated statement of comprehensive income, so that the Deferred Gain reflects the balance that would have existed had the revised reserves been recognized at the inception of the LPT Agreement (LPT Contingent Commission Adjustment). This change in estimate increased net income by $4.3 million, or $0.14 per basic and diluted share, respectively. In 2013, the Company reduced its estimated reserves ceded under the Loss Portfolio Transfer Agreement (LPT Agreement) by $27.5 million. This change in estimate resulted in a $19.0 million cumulative adjustment to the Deferred Gain, which was also recognized in losses and LAE incurred in the consolidated statement of comprehensive income, so that the Deferred Gain reflects the balance that would have existed had the revised reserves been recognized at the inception of the LPT Agreement (LPT Reserve Adjustment). This change in estimate was the result of the determination that an adjustment was necessary to reflect observed favorable paid loss trends. This change in estimate increased net income by $19.0 million, or $0.61 and $0.59 per basic and diluted share, respectively. In 2013, the Company reallocated $27.2 million in reserves from non-taxable periods prior to January 1, 2000 to taxable years, which reduced our effective tax rate by 13.9 percentage points for the year ended December 31, 2013. This change in estimate was the result of the determination in the third quarter of 2013 that a reallocation of reserves among accident years was appropriate to address a continuation of observed loss trends. The income tax impact of this change in estimate increased net income by $7.4 million, or $0.24 and $0.23 per basic and diluted share, respectively. In 2012, the Company reduced its estimated reserves ceded under the LPT Agreement by $100.0 million. This change in estimate resulted in a $73.3 million LPT Reserve Adjustment. This change in estimate was the result of the determination in the fourth quarter of 2012 that an adjustment was necessary to reflect observed favorable paid loss trends. This change in estimate increased net income by $73.3 million, or $2.33 and $2.31 per basic and diluted share, respectively. In 2012, the Company increased its estimate of contingent commission receivable – LPT Agreement as a result of the determination in the fourth quarter of 2012 that an adjustment was necessary to reflect observed favorable paid loss trends. This change in estimate resulted in a $8.6 million LPT Contingent Commission Adjustment. This change in estimate also resulted in an additional $0.6 million bonus accrual that increased the income tax benefit by $0.2 million during the year ended December 31, 2012. This change in estimate increased net income by $8.2 million, or $0.26 per basic and diluted share. In 2012, the Company changed the estimate of its guaranty fund assessment liability as a result of the application of new information related to historical payment trends and reflected this change in its financial statements. This change in estimate resulted in a $2.9 million reduction of the accrued liability for guaranty fund assessments, offset by a $0.7 million reduction in the corresponding premium tax asset and a $0.8 million reduction in deferred acquisition costs (DAC) that reduced the Company's underwriting and other operating expense by a total of $1.4 million and reduced the income tax benefit by $0.2 million for the year ended December 31, 2012. This change in estimate increased net income by $1.2 million, or $0.04 per basic and diluted share, for the year ended December 31, 2012.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References+ Details

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Significant Accounting Policies

Summary of Significant Accounting Policies

Cash and Cash Equivalents

The Company considers all highly liquid investments with an initial maturity of three months or less at the date of purchase to be cash equivalents.

Restricted Cash and Cash Equivalents

Restricted cash and cash equivalents is primarily related to funds held in trust to secure the Company's line of credit and for reinsurance. As of December 31, 2013 and 2012, the Company held $28.2 million and $30.8 million, respectively, in trust for reinsurance, of which $3.5 million and $2.5 million was classified as restricted cash and cash equivalents as of December 31, 2013 and 2012, respectively.

Investments

The Company's investments in fixed maturity securities and equity securities are classified as available-for-sale and are reported at fair value with unrealized gains and losses excluded from earnings and reported as a separate component of equity, net of deferred taxes, in accumulated other comprehensive income.

Investment income consists primarily of interest and dividends. Interest is recognized on an accrual basis, and dividends are recorded as earned at the ex-dividend date. Interest income on mortgage-backed and asset-backed securities is determined using the effective-yield method based on estimated principal repayments. Mortgage-backed securities are adjusted for the effects of changes in prepayment assumptions on the related accretion of discount or amortization of premium of such securities using the retrospective method.

Realized capital gains and losses on investments are determined on a specific-identification basis.

When, in the opinion of management, a decline in the fair value of an equity security below its cost is considered to be “other-than-temporary,” the equity security's cost is written down to its fair value at the time the other-than-temporary decline is identified. The determination of an other-than-temporary decline for debt securities includes, in addition to other relevant factors, a presumption that if the market value is below cost by a significant amount for a period of time, a bifurcation of the write-down may be necessary. If management has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery, the investment is written down to its fair value and the entire impairment is recorded as a realized loss due to credit in the accompanying consolidated statements of comprehensive income. If management does not have the intent to sell or will not be required to sell the debt security but does not expect to recover the amortized cost basis of the debt security, the amount of the other-than-temporary impairment is bifurcated between credit loss and other loss and recorded as a component of realized gains and losses and to other comprehensive income, respectively, in the consolidated statements of comprehensive income. The amount of any write-down is determined by the difference between the cost or amortized cost of the debt security and its fair value at the time the other-than-temporary decline is identified (see Note 7).

Recognition of Revenue and Expense

Revenue Recognition

Premium revenue is recognized over the period of the contract in proportion to the amount of time insurance protection is provided. At the end of the policy term, payroll-based premium audits are performed on substantially all policyholder accounts to determine net premiums earned for the policy year. Earned but unbilled premiums include estimated future audit premiums based on the Company's historical experience. These estimates are subject to changes in policyholders' payrolls, economic conditions, and seasonality, and are continually reviewed and adjusted as experience develops or new information becomes known. Any such adjustments are included in current operations; however, they are partially offset by the resulting changes in losses and LAE, commission expenses, and premium taxes. The Company's premiums receivable on the consolidated balance sheet included $40.8 million and $19.6 million of additional premiums expected to be received from policyholders for final audits at December 31, 2013 and 2012, respectively.

The Company establishes a bad debt allowance on its premiums receivable through a charge included in underwriting and other operating expenses in the accompanying consolidated statements of comprehensive income. This bad debt allowance is determined based on estimates and assumptions to project future experience. After all collection efforts have been exhausted, the Company reduces the bad debt allowance for write-offs of premiums receivable that have been deemed uncollectible. The Company had write-offs, net of recoveries of amounts previously written off, of $2.5 million, $1.9 million, and $2.2 million for the years ended December 31, 2013, 2012, and 2011, respectively.

Deferred Policy Acquisition Costs

Policy acquisition costs, consisting of commissions, premium taxes, and certain other underwriting costs that vary with, and are primarily related to, the successful production of new or renewal business are deferred and amortized as the related premiums are earned. Amortization of deferred policy acquisition costs for the years ended December 31, 2013, 2012, and 2011, was $96.9 million, $85.9 million, and $74.5 million, respectively.

A premium deficiency would exist if expected future losses and LAE, expected policyholder dividends, deferred policy acquisition costs, and expected policy maintenance costs, offset by anticipated investment income, exceed the related unearned premiums. A premium deficiency would reduce the value of deferred policy acquisition costs. If the deficiency exceeded the deferred policy acquisition costs, a separate liability would be accrued for the excess deficiency. There was no premium deficiency at December 31, 2013 or 2012.

Unpaid Loss and LAE Reserves

Loss and LAE reserves represent management's best estimate of the ultimate net cost of all reported and unreported losses incurred for the applicable periods. The estimated reserves for losses and LAE include the accumulation of estimates for all claims reported prior to the balance sheet date, estimates (based on projections of relevant historical data) of claims incurred but not reported, and estimates of expenses for investigating and adjusting all incurred and unadjusted claims. Amounts reported are necessarily subject to the impact of future changes in economic, regulatory and social conditions. Management believes that, subject to the inherent variability in any such estimate, the reserves are within a reasonable and acceptable range of adequacy. Estimates for claims reported prior to the balance sheet date are continually monitored and reviewed, and as settlements are made or reserves adjusted, the differences are reported in current operations. Salvage and subrogation recoveries are estimated based on a review of the level of historical salvage and subrogation recoveries.

Reinsurance

In the ordinary course of business and in accordance with general insurance industry practices, the Company purchases excess of loss reinsurance to protect the Company against the impact of large and/or catastrophic losses in its workers' compensation business. Additionally, the Company is a party to a 100% quota share retroactive reinsurance agreement (see Note 11). This reinsurance reduces the financial impact of such losses on current operations and the equity of the Company. Reinsurance makes the assuming reinsurer liable to the ceding company to the extent of the reinsurance coverage provided. It does not, however, discharge the Company from its liability to its policyholders in the event the reinsurer is unable or unwilling to meet its obligations under its reinsurance agreement with the Company.

Net premiums earned and losses and LAE incurred are stated in the accompanying consolidated statements of comprehensive income after deduction of amounts ceded to reinsurers. Balances due from reinsurers on unpaid losses, including an estimate of such recoverables related to reserves for incurred but not reported losses, are reported as assets and are included in reinsurance recoverables even though amounts due on unpaid losses and LAE are not recoverable from the reinsurer until such losses are paid. Recoverables from reinsurers on unpaid losses and LAE amounted to $0.7 billion and $0.8 billion at December 31, 2013 and 2012, respectively.

Ceded losses and LAE are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the relevant reinsurance agreement.

The 100% quota share retroactive reinsurance agreement was entered into in 1999 by the Nevada State Industrial Insurance System (the Fund) and assumed by EICN, which the Company refers to as the LPT Agreement (see Note 11). Loss expenses are deemed to be 7% of total losses paid and are paid to the Company as compensation for management of the claims under the LPT Agreement. The Company accounts for this transaction as retroactive reinsurance, whereby the initial deferred gain was recorded as a liability in the accompanying consolidated balance sheets as Deferred reinsurance gain–LPT Agreement. This gain is amortized using the recovery method, whereby the amortization is determined by the proportion of actual reinsurance recoveries to total estimated recoveries through the life of the LPT Agreement, and is recorded in losses and LAE incurred in the accompanying consolidated statements of comprehensive income. Any adjustment to the estimated reserves ceded under the LPT Agreement results in a cumulative adjustment to the Deferred Gain, which is also recognized in losses and LAE incurred in the consolidated statement of comprehensive income, such that the Deferred Gain reflects the balance that would have existed had the revised reserves been recognized at the inception of the LPT Agreement.

Additionally, the Company is entitled to receive a contingent profit commission under the LPT Agreement. The contingent profit is equal to 30% of the favorable difference between actual paid losses and LAE and expected paid losses and LAE as established in the LPT Agreement based on losses paid through June 30, 2024. The contingent profit commission is paid every five years beginning June 30, 2004 for the first twenty-five years of the agreement. The Company is paid 30% of the favorable difference between the actual and expected losses and LAE paid at each calculation point. The Company could be required to return any previously received contingent profit commission, plus interest, in the event of unfavorable differences through June 30, 2024. The Company records its estimate of contingent profit commission in the accompanying consolidated balance sheets as Contingent commission receivable–LPT Agreement and a corresponding liability is recorded on the accompanying consolidated balance sheets in Deferred reinsurance gain–LPT Agreement. The Contingent commission receivable–LPT Agreement is reduced as amounts are received from participating reinsurers. The related Deferred reinsurance gain–LPT Agreement is amortized using the recovery method. The amortization of the contingent profit commission is determined by the proportion of actual reinsurance recoveries to total estimated recoveries over the life of the contingent profit commission (through June 30, 2024), and is recorded in losses and LAE incurred in the accompanying consolidated statements of comprehensive income. Any adjustment to the contingent profit commission under the LPT Agreement results in a cumulative adjustment to the Deferred Gain, which is also recognized in losses and LAE incurred in the consolidated statement of comprehensive income, such that the Deferred Gain reflects the balance that would have existed had the revised contingent profit commission been recognized at the inception of the LPT Agreement.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation (see Note 8). Expenditures for maintenance and repairs are charged against operations as incurred.

Electronic data processing equipment, software, furniture and equipment, and automobiles are depreciated using the straight-line method over three to seven years. Leasehold improvements are carried at cost less accumulated amortization. The Company amortizes leasehold improvements using the straight-line method over the lesser of the useful life of the asset or the remaining original lease term, excluding options or renewal periods. Leasehold improvements are generally amortized over three to five years.

Obligations Held Under Capital Leases

Leased property and equipment meeting capital lease criteria are capitalized at the lower of the present value of the related lease payments or the fair value of the leased asset at the inception of the lease. Amortization is calculated using the straight-line method based on the term of the lease and is included in the depreciation expense of property and equipment. See Note 13 for additional disclosures related to capital leases.

Income Taxes

The Company's accounting for income taxes considers the current and deferred tax consequences of all transactions that have been recognized in its consolidated financial statements using the provisions of enacted tax laws. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The effect on deferred tax assets and liabilities resulting from a tax rate change affects net income or loss in the period that includes the enactment date of the tax rate change. The Company's income tax returns are subject to audit by the Internal Revenue Service and various state tax authorities. Significant disputes may arise with these tax authorities involving issues of the timing and amount of deductions and allocations of income among various tax jurisdictions because of differing interpretations of tax laws and regulations. The Company periodically evaluates exposures associated with tax filing positions. Although we believe our positions comply with applicable laws, liabilities are recorded based upon estimates of the ultimate outcomes of these matters.

In assessing whether deferred tax assets will be realized, the Company considers whether it is more likely than not that it will generate future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, tax planning strategies, and projected future taxable income in making this assessment. If necessary, a valuation allowance is established to reduce the deferred tax assets to the amounts that are more likely than not to be realized.

Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents, investments, premiums receivable, and reinsurance recoverable balances.

Cash equivalents include investments in money market securities and securities backed by the U.S. government. Investments are diversified throughout many industries and geographic regions. The Company limits the amount of credit exposure with any one financial institution and believes that no significant concentration of credit risk exists with respect to cash and cash equivalents and investments.

At December 31, 2013 and 2012, the outstanding premiums receivable balance was generally diversified due to the large number of entities composing the Company's policyholder base and their dispersion across many different industries. The Company also has recoverables from its reinsurers. Reinsurance contracts do not relieve the Company of its obligations to claimants or policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. The Company obtains collateral to mitigate the risks related to reinsurance insolvencies. At December 31, 2013, $5.8 million was collateralized by cash or letters of credit and an additional $1.3 billion was in trust accounts for reinsurance related to the LPT Agreement.

Fair Value of Financial Instruments

Estimated fair value amounts have been determined using available market information and other appropriate valuation methodologies. Judgment is required in developing the estimates of fair value where quoted market prices are not available. Accordingly, these estimates are not necessarily indicative of the amounts that could be realized in a current market exchange. The use of different market assumptions or estimating methodologies may have an effect on the estimated fair value amounts.

The following methods and assumptions were used by the Company in estimating the fair value for financial instruments in the accompanying consolidated financial statements and in these notes for the years ended 2013 and 2012:

Cash and cash equivalents, premiums receivable, and accrued expenses and other liabilities. The carrying amounts for these financial instruments as reported in the accompanying consolidated balance sheets approximate their fair values.

Investments. The estimated fair values for available-for-sale securities generally represent quoted market prices for securities traded in the public marketplace or estimated values for securities not traded in the public marketplace. Additional data with respect to fair values of the Company's investment securities is disclosed in Note 6.

Goodwill and Other Intangible Assets

The Company tests for impairment of goodwill and non-amortizable intangible assets in the fourth quarter of each year. At the end of each quarter, management considers the results of the previous analysis as well as any recent developments that may constitute triggering events requiring the impairment analysis of goodwill and other intangible assets to be updated. The Company has assessed the effects of current economic conditions on the Company's financial condition and results of operations and changes in the Company's stock price and determined that there were no impairments as of December 31, 2013 and 2012.

Intangible assets related to state licenses are not subject to amortization. Intangibles related to insurance relationships will be amortized in proportion to the expected period of benefit over the next five years.

The gross carrying value, accumulated amortization, and net carrying value for the Company's intangible assets, by major class, as of December 31, were as follows:



	2013							2012
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	(in thousands)
State licenses	$	7,700				$	7,700	$	7,700				$	7,700
Insurance relationships	9,400		$	(7,415	)	1,985		9,400		$	(6,542	)	2,858
Total	$	17,100	$	(7,415	)	$	9,685	$	17,100	$	(6,542	)	$	10,558

During the years ended December 31, 2013, 2012, and 2011, the Company recognized $0.9 million, $1.2 million, and $1.6 million in amortization expenses, respectively. These amortization expenses are included in the accompanying consolidated statements of comprehensive income in underwriting and other operating expenses. Amortization expense is expected to be as follows:



Year	Amount
	(in thousands)
2014	$	651
2015	489
2016	371
2017	285
2018	189
Total	$	1,985

Stock-Based Compensation

The Company issues stock-based payments, which are recognized in the consolidated statements of comprehensive income based on their estimated fair values over the employees' service period (see Note 15).

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

New Accounting Standards	12 Months Ended
New Accounting Standards	Dec. 31, 2013
New Accounting Standards [Abstract]
New Accounting Standards	Deferred Policy Acquisition Costs In October 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) Number 2010-26, Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts that became effective in 2012. This guidance changed the definition of acquisition costs which may be capitalized to specify costs that relate directly to the successful acquisition of new or renewal insurance contracts, including underwriting, policy issuance and processing, medical and inspection, and sales force contract selling. It also defines incremental direct costs that must be capitalized as costs that result directly from contract transactions that are essential to contract issuance, which would not have been incurred had the contract transaction not occurred. All other costs are expensed as incurred. Capitalized costs are amortized over the life of the contract. The Company adopted this standard on a prospective basis on January 1, 2012. Under the new guidance, the Company capitalized acquisition costs totaling $87.2 million for the year ended December 31, 2012. Under the previous guidance, the amount capitalized would have been $102.5 million for the same period. The total effect of implementing this guidance was a $15.3 million decrease in the amount capitalized and a $8.2 million decrease in the amortization expense for the year ended December 31, 2012. The total amortization expense was $85.9 million for the year ended December 31, 2012. The net effect of implementing this guidance was a $7.1 million increase in underwriting and other operating expense for the year ended December 31, 2012. New Accounting Standards In February 2013, the Financial Accounting Standards Board issued Accounting Standards Update Number 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Topic 220). This update requires companies to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. This update became effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted this update beginning in the first quarter of 2013. The adoption of this new guidance did not have a material impact on the Company's consolidated financial condition or results of operations. In September 2013, the Internal Revenue Service issued final regulations governing the income tax treatment of acquisitions, dispositions, and repairs of tangible property, Final Tangible Property Regulations Under Sections 162 and 263 (T.D. 9636). Taxpayers are required to follow the new regulations in taxable years beginning on or after January 1, 2014. The Company does not expect that these regulations will have a material impact on the Company's consolidated financial condition or results of operations.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 01

-Paragraph b

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-Article 10

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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-Name Accounting Standards Codification

-Glossary Direct Effects of a Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6510796

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-Name Accounting Standards Codification

-Glossary Indirect Effects of a Change in Accounting Principle

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Accounting Change

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-Name Accounting Standards Codification

-Glossary Change in Accounting Principle

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-Name Accounting Standards Codification

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-Subparagraph (SX 210.10-01.(b)(6))

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+ Details

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2013

Fair Value of Financial Instruments [Abstract]

Fair Value of Financial Instruments

The carrying value and the estimated fair value of the Company's financial instruments as of December 31, were as follows:



	2013				2012
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Financial assets	(in thousands)
Investments (Note 7)	$	2,344,858	$	2,344,858	$	2,149,514	$	2,149,514
Cash and cash equivalents	34,503		34,503		140,661		140,661
Restricted cash and cash equivalents	6,564		6,564		5,353		5,353
Financial liabilities
Notes payable (Note 12)	$	102,000	$	105,540	$	112,000	$	118,207

The Company's estimates of fair value for financial liabilities are based on the variable interest rate for the Company's existing line of credit to discount future payments on notes payable, and have been determined to be Level 2 fair value measurements, as defined below.

Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based upon the levels of judgment associated with the inputs used to measure their fair value. Level inputs are defined as follows:


•	Level 1 - Inputs are unadjusted quoted market prices for identical assets or liabilities in active markets at the measurement date.


•	Level 2 - Inputs other than Level 1 prices that are observable for similar assets or liabilities through corroboration with market data at the measurement date.


•	Level 3 - Inputs that are unobservable that reflect management's best estimate of what market participants would use in pricing the assets or liabilities at the measurement date.

The following methods and assumptions were used to determine the fair value of each class of assets and liabilities recorded at fair value in the consolidated balance sheets:

Fair values of available-for-sale fixed maturity and equity securities are based on quoted market prices, where available. These fair values are obtained primarily from third party pricing services, which generally use Level 1 or Level 2 inputs. The Company obtains a quoted price for each security from third party pricing services, which are derived through recently reported trades for identical or similar securities. For securities not actively traded, the third party pricing services may use quoted market prices of similar instruments or discounted cash flow analyses, incorporating inputs that are currently observable in the markets for similar securities. Inputs that are often used in the valuation methodologies include, but are not limited to, broker quotes, benchmark yields, credit spreads, default rates, and prepayment speeds. The Company also performs a quarterly analysis on the prices received from third parties to determine whether the prices are reasonable estimates of fair value, including confirming the fair values of these securities through observable market prices using an alternative pricing source. If differences are noted in this review, the Company may obtain additional information from other pricing services to validate the quoted price. There were no adjustments to prices obtained from third party pricing services as of December 31, 2013 or 2012 that were material to the consolidated financial statements.

If quoted market prices and an estimate determined by using objectively verifiable information are unavailable, the Company produces an estimate of fair value based on internally developed valuation techniques, which, depending on the level of observable market inputs, will render the fair value estimate as Level 2 or Level 3. The Company bases all of its estimates of fair value for assets on the bid price as it represents what a third party market participant would be willing to pay in an arm's length transaction.

These methods of valuation will only produce an estimate of fair value if there is objectively verifiable information to produce a valuation. If objectively verifiable information is not available, the Company would be required to produce an estimate of fair value using some of the same methodologies, making assumptions for market based inputs that are unavailable.

Estimates of fair value for fixed maturity securities are based on estimates using objectively verifiable information and are included in the amount disclosed in Level 2 of the hierarchy. The fair value estimates for determining Level 3 fair value include the Company's assumptions about risk assessments and market participant assumptions based on the best information available, including quotes from market makers and other broker/dealers recognized as market participants, using standard or trade derived inputs, new issue data, monthly payment information, cash flow generation, prepayment speeds, spread adjustments, or rating updates.

The following table presents the items in the accompanying consolidated balance sheets that are stated at fair value and the fair value measurements.



	December 31, 2013						December 31, 2012
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	(in thousands)
Fixed maturity securities
U.S. Treasuries	$	—	$	170,897	$	—	$	—	$	152,490	$	—
U.S. Agencies	—		68,118		—		—		93,967		—
States and municipalities	—		735,180		—		—		758,516		—
Corporate securities	—		833,296		—		—		676,243		—
Residential mortgage-backed securities	—		258,431		—		—		252,852		—
Commercial mortgage-backed securities	—		65,110		—		—		56,120		—
Asset-backed securities	—		51,514		—		—		34,240		—
Total fixed maturity securities	$	—	$	2,182,546	$	—	$	—	$	2,024,428	$	—
Equity securities	$	162,312	$	—	$	—	$	125,086	$	—	$	—

The Company had no Level 3 investment activity during the years ended December 31, 2013 and 2012.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Investments

12 Months Ended

Dec. 31, 2013

Investments [Abstract]

Investments

The cost or amortized cost, gross unrealized gains, gross unrealized losses, and estimated fair value of the Company’s investments were as follows:



	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
At December 31, 2013	(in thousands)
Fixed maturity securities
U.S. Treasuries	$	163,951	$	7,073	$	(127	)	$	170,897
U.S. Agencies	64,985		3,137		(4		)	68,118
States and municipalities	698,979		40,595		(4,394		)	735,180
Corporate securities	814,283		28,671		(9,658		)	833,296
Residential mortgage-backed securities	255,187		7,979		(4,735		)	258,431
Commercial mortgage-backed securities	67,066		316		(2,272		)	65,110
Asset-backed securities	51,613		54		(153		)	51,514
Total fixed maturity securities	2,116,064		87,825		(21,343		)	2,182,546
Equity securities	89,689		72,844		(221		)	162,312
Total investments	$	2,205,753	$	160,669	$	(21,564	)	$	2,344,858

At December 31, 2012
Fixed maturity securities
U.S. Treasuries	$	138,839	$	13,651	$	—		$	152,490
U.S. Agencies	88,202		5,765		—			93,967
States and municipalities	689,776		68,740		—			758,516
Corporate securities	627,047		49,461		(265		)	676,243
Residential mortgage-backed securities	236,461		16,488		(97		)	252,852
Commercial mortgage-backed securities	54,755		1,410		(45		)	56,120
Asset-backed securities	34,062		211		(33		)	34,240
Total fixed maturity securities	1,869,142		155,726		(440		)	2,024,428
Equity securities	81,067		45,399		(1,380		)	125,086
Total investments	$	1,950,209	$	201,125	$	(1,820	)	$	2,149,514

The amortized cost and estimated fair value of fixed maturity securities at December 31, 2013, by contractual maturity, are shown below. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	147,157	$	149,369
Due after one year through five years	777,480		812,822
Due after five years through ten years	655,280		676,124
Due after ten years	162,281		169,176
Mortgage and asset-backed securities	373,866		375,055
Total	$	2,116,064	$	2,182,546

The following is a summary of investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or greater as of December 31, 2013 and 2012.



	December 31, 2013						December 31, 2012
	Estimated Fair Value		Gross Unrealized Losses			Number of Issues	Estimated Fair Value		Gross Unrealized Losses			Number of Issues
Less than 12 months:	(dollars in thousands)
Fixed maturity securities
U.S. Treasuries	$	22,242	$	(127	)	7	$	—	$	—		—
U.S. Agencies	1,631		(4		)	1	—		—			—
States and municipalities	127,965		(4,394		)	34	—		—			—
Corporate securities	326,608		(9,536		)	112	36,338		(265		)	12
Residential mortgage-backed securities	129,586		(4,170		)	58	14,629		(28		)	6
Commercial mortgage-backed securities	35,878		(1,372		)	9	10,432		(45		)	4
Asset-backed securities	25,825		(52		)	13	16,714		(33		)	5
Total fixed maturity securities	669,735		(19,655		)	234	78,113		(371		)	27
Equity securities	6,140		(208		)	17	11,645		(1,207		)	35
Total less than 12 months	$	675,875	$	(19,863	)	251	$	89,758	$	(1,578	)	62

Greater than 12 months:
Fixed maturity securities
Corporate securities	$	6,174	$	(122	)	3	$	—	$	—		—
Residential mortgage-backed securities	5,609		(565		)	11	2,341		(69		)	17
Commercial mortgage-backed securities	9,324		(900		)	3	—		—			—
Asset-backed securities	8,938		(101		)	3	—		—			—
Total fixed maturity securities	30,045		(1,688		)	20	2,341		(69		)	17
Equity securities	303		(13		)	1	456		(173		)	4
Total greater than 12 months	$	30,348	$	(1,701	)	21	$	2,797	$	(242	)	21

Total available-for-sale:
Fixed maturity securities
U.S. Treasuries	$	22,242	$	(127	)	7	$	—	$	—		—
U.S. Agencies	1,631		(4		)	1	—		—			—
States and municipalities	127,965		(4,394		)	34	—		—			—
Corporate securities	332,782		(9,658		)	115	36,338		(265		)	12
Residential mortgage-backed securities	135,195		(4,735		)	69	16,970		(97		)	23
Commercial mortgage-backed securities	45,202		(2,272		)	12	10,432		(45		)	4
Asset-backed securities	34,763		(153		)	16	16,714		(33		)	5
Total fixed maturity securities	699,780		(21,343		)	254	80,454		(440		)	44
Equity securities	6,443		(221		)	18	12,101		(1,380		)	39
Total available-for-sale	$	706,223	$	(21,564	)	272	$	92,555	$	(1,820	)	83

Based on reviews of the fixed maturity securities, the Company determined that unrealized losses for the years ended December 31, 2013 and 2012 were primarily the result of changes in prevailing interest rates and not the credit quality of the issuers. The fixed maturity securities whose fair value was less than amortized cost were not determined to be other-than-temporarily impaired given the severity and duration of the impairment, the credit quality of the issuers, the Company’s intent on not selling the securities, and a determination that it is not more likely than not that the Company will be required to sell the securities until fair value recovers to above cost, or to maturity.

Based on reviews of the equity securities for the years ended December 31, 2013 and 2012, the Company recognized total impairments of $0.1 million and $0.7 million in the fair values of one and eleven equity securities as a result of the severity and duration of the change in fair values of those securities as of December 31, 2013 and 2012, respectively.

Realized gains on investments, net and the change in unrealized gains (losses) on fixed maturity and equity securities are determined on a specific-identification basis and were as follows:



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Realized gains on investments, net
Fixed maturity securities
Gross gains	$	761		$	3,779		$	19,463
Gross losses	(7		)	(5		)	(148		)
Realized gains on fixed maturity securities, net	$	754		$	3,774		$	19,315
Equity securities
Gross gains	$	9,093		$	2,156		$	1,169
Gross losses	(318		)	(882		)	(323		)
Realized gains on equity securities, net	$	8,775		$	1,274		$	846
Total	$	9,529		$	5,048		$	20,161

Change in unrealized (losses) gains
Fixed maturity securities	$	(88,803	)	$	8,803		$	47,897
Equity securities	28,603			10,935			2,235
Total	$	(60,200	)	$	19,738		$	50,132

Net investment income was as follows:



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Fixed maturity securities	$	69,458		$	71,293		$	80,361
Equity securities	3,812			3,248			1,885
Cash equivalents and restricted cash	99			351			279
	73,369			74,892			82,525
Investment expenses	(2,605		)	(2,529		)	(2,408		)
Net investment income	$	70,764		$	72,363		$	80,117

The Company is required by various state laws and regulations to keep securities or letters of credit in depository accounts with the states in which it does business. As of December 31, 2013 and 2012, securities having a fair value of $602.4 million and $530.6 million, respectively, were on deposit. These laws and regulations govern not only the amount but also the type of security that is eligible for deposit. The deposits are limited to fixed maturity securities in all states. Additionally, certain reinsurance contracts require Company funds to be held in trust for the benefit of the ceding reinsurer to secure the outstanding liabilities assumed by the Company. The fair value of securities held in trust for reinsurance at December 31, 2013 and 2012 was $32.2 million and $35.0 million, respectively. The Company's debt was secured by fixed maturity securities and restricted cash and cash equivalents that had a fair value of $95.1 million and $110.4 million at December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 320

-Glossary Debt Security

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-Name Accounting Standards Codification

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 320

-Glossary Equity Security

-URI http://asc.fasb.org/extlink&oid=6511694

+ Details

Property and Equipment

12 Months Ended

Dec. 31, 2013

Property and Equipment [Abstract]

Property, Plant and Equipment Disclosure

Property and Equipment

Property and equipment consists of the following:



	As of December 31,
	2013			2012
	(in thousands)
Furniture and equipment	$	2,896		$	2,896
Leasehold improvements	4,439			4,309
Computers and software	38,146			33,477
Automobiles	1,208			1,369
	46,689			42,051
Accumulated amortization and depreciation	(30,073		)	(27,371		)
Property and equipment, net	$	16,616		$	14,680

Depreciation and amortization expenses related to property and equipment for the years ended December 31, 2013, 2012, and 2011 were $5.2 million, $4.4 million, and $4.8 million, respectively. Internally developed software costs of $0.8 million and $0.9 million were capitalized during the years ended December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Income Taxes

The Company files a consolidated federal income tax return. The insurance subsidiaries pay premium taxes on gross premiums written in lieu of some states' income or franchise taxes.

The provision for income taxes consisted of the following:



	Years Ended December 31,
	2013			2012			2011
Current tax (benefit) expense:	(in thousands)
Federal	$	89		$	1,964		$	(652	)
State	22			(312		)	154
Total current tax (benefit) expense	111			1,652			(498		)
Deferred federal tax (benefit) expense	(10,761		)	(10,999		)	(1,608		)
Income tax (benefit) expense	$	(10,650	)	$	(9,347	)	$	(2,106	)

The difference between the statutory federal tax rate of 35% and the Company's effective tax rate on net income before income taxes as reflected in the consolidated statements of comprehensive income was as follows:



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Expense computed at statutory rate	$	18,611		$	34,140		$	16,281
Dividends received deduction and tax-exempt interest	(9,033		)	(9,304		)	(11,409		)
Pre-Privatization reserve adjustments, excluding LPT	(7,400		)	—			(1,602		)
LPT deferred gain amortization	(6,632		)	(9,305		)	(6,755		)
LPT Reserve Adjustment	(6,645		)	(25,672		)	—
Other	449			794			1,379
Income tax (benefit) expense	$	(10,650	)	$	(9,347	)	$	(2,106	)

On January 1, 2000, EICN assumed the assets, liabilities, and operations of the Fund pursuant to legislation passed in the 1999 Nevada Legislature (the Privatization). Prior to the Privatization, the Fund was a part of the State of Nevada and therefore was not subject to federal income tax; accordingly, it did not take an income tax deduction with respect to the establishment of its unpaid loss and LAE reserves. Due to favorable loss experience after the Privatization, it was determined that certain of the pre-Privatization unpaid loss and LAE reserves assumed by EICN as part of the Privatization were no longer necessary and the unpaid loss and LAE reserves were reduced accordingly. Such downward adjustments of pre-Privatization unpaid loss reserves increases GAAP net income, but does not increase taxable income. There were downward adjustments of pre-Privatization unpaid loss reserves of $27.5 million and $4.6 million for the years ended December 31, 2013 and 2011, respectively.

The LPT Reserve Adjustments for the years ended December 31, 2013 and 2012 increased GAAP net income by $19.0 million and $73.3 million, respectively, but did not increase taxable income. The LPT Contingent Commission Adjustment during the fourth quarter of 2012 increased net income by $8.6 million, but did not increase taxable income.

As of December 31, 2013 and 2012, the Company had no unrecognized tax benefits.

Tax years 2008 through 2012 are subject to full examination by the federal taxing authority. Tax year 2006 is open to examination by the federal taxing authority only to the extent of benefits from the carry-back of certain capital losses from tax years 2008 and 2009. Currently, tax years 2006 through 2011 are under review by the federal taxing authority.

The significant components of deferred income taxes, net, were as follows as of December 31:



	2013				2012
	Deferred Tax				Deferred Tax
	Assets		Liabilities		Assets		Liabilities
	(in thousands)
Unrealized capital gains, net	$	—	$	48,687	$	—	$	69,756
Deferred policy acquisition costs	—		15,323		—		13,692
Intangible assets	—		3,390		—		3,695
Loss reserve discounting for tax reporting	57,945		—		57,722		—
Unearned premiums	20,639		—		18,119		—
Allowance for bad debt	2,608		—		2,085		—
Stock based compensation	4,603		—		4,339		—
Accrued liabilities	8,292		—		5,095		—
Minimum tax credit	13,177		—		13,090		—
Net operating loss carryforward	22,832		—		15,111		—
Other	1,169		5,803		1,401		3,588
Total	$	131,265	$	73,203	$	116,962	$	90,731
Deferred income taxes, net	$	58,062			$	26,231

At December 31, 2013, the Company had a $65.2 million net operating loss carryforward. This is due to expire beginning 2029 through 2032.

Deferred tax assets are required to be reduced by a valuation allowance if it is more likely than not that all or some portion of the deferred tax asset will not be realized. Realization of the deferred income tax asset is dependent on the Company generating sufficient taxable income in future years as the deferred income tax charges become currently deductible for tax reporting purposes. Although realization is not assured, management believes that it is more likely than not that the net deferred income tax asset will be realized.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Liability for Unpaid Losses and Loss Adjustment Expenses

12 Months Ended

Dec. 31, 2013

Liability for Unpaid Losses and Loss Adjustment Expenses [Abstract]

Liability for Unpaid Losses and Loss Adjustment Expenses

The following table represents a reconciliation of changes in the liability for unpaid losses and LAE.



	Years Ended December 31,
	2013		2012		2011
	(in thousands)
Unpaid losses and LAE, gross of reinsurance, at beginning of period	$	2,231,540	$	2,272,363	$	2,279,729
Less reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE	805,386		940,840		956,043
Net unpaid losses and LAE at beginning of period	1,426,154		1,331,523		1,323,686
Losses and LAE, net of reinsurance, incurred in:
Current year	494,579		386,044		280,683
Prior years	6,934		1,800		1,127
Total net losses and LAE incurred during the period	501,513		387,844		281,810
Deduct payments for losses and LAE, net of reinsurance, related to:
Current year	78,523		67,672		55,405
Prior years	261,708		225,541		218,568
Total net payments for losses and LAE during the period	340,231		293,213		273,973
Ending unpaid losses and LAE, net of reinsurance	1,587,436		1,426,154		1,331,523
Reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE	743,055		805,386		940,840
Unpaid losses and LAE, gross of reinsurance, at end of period	$	2,330,491	$	2,231,540	$	2,272,363

Total net losses and LAE included in the above table excludes the impact of the amortization of the Deferred Gain and the LPT Reserve Adjustment (Note 11).

The increase in the estimate of incurred losses and LAE attributable to insured events in prior years in 2013 included $5.0 million related to actual paid losses that were more than expected and the impact of new information on selected patterns of claims emergence and payment used in the projection of future loss payments and $1.9 million related to the Company's assigned risk business. In 2012 and 2011, the increase in the estimate of incurred losses and LAE attributable to insured events in prior years was primarily related to the Company's assigned risk business.

In California, where the Company's operations began on July 1, 2002, the actuaries' and management's initial expectations of ultimate losses and patterns of loss emergence and payment were based on benchmarks derived from analyses of historical insurance industry data in California. No historical data from the Company's California insurance subsidiary existed prior to July 1, 2002; however, some historical data was available for the prior years for some of the market segments the Company entered in California, but was limited as to the number of loss reserve evaluation points available. The industry-based benchmarks were judgmentally adjusted for the anticipated impact of significant environmental changes, specifically the enactment of major changes to the statutory workers' compensation benefit structure and the manner in which claims are administered and adjudicated in California. The actual emergence and payment of claims by the Company's California insurance subsidiary has been more favorable than those initial expectations through 2008, due at least in part to the enactment of the major changes in the California workers' compensation environment; however, our recent loss experience, beginning in 2010, indicates an upward trend in medical costs that is reflected in our loss reserves. Additionally, the Company's indemnity claims frequency (the number of claims expressed as a percentage of payroll) increased year-over-year in 2013. The Company's estimates assume that increasing medical cost trends will continue and will impact our long-term claims costs and loss reserves.

In Nevada, the Company has compiled a lengthy history of workers' compensation claims payment patterns based on the business of the Fund and EICN, but the emergence and payment of claims in recent years has been more favorable than in the long-term history in Nevada with the Fund. The expected patterns of claim payments and emergence used in the projection of the Company's ultimate claim payments are based on both the long and short-term historical paid data. In recent evaluations, claim patterns have continued to emerge in a manner consistent with short-term historical data.

Consequently, the Company's selection of claim projection patterns has relied more heavily on patterns observed in recent years.

The Company continues to develop its own loss experience in California and will rely more on its experience and less on historical industry data in projecting its reserve requirements as such data becomes available. As the actual experience of the Company emerges, it will continue to evaluate prior estimates, which may result in additional adjustments in reserves.

Loss reserves shown in the consolidated balance sheets are net of $22.9 million and $21.0 million for anticipated subrogation recoveries as of December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments.

+ References+ Details

Reinsurance

12 Months Ended

Dec. 31, 2013

Reinsurance [Abstract]

Reinsurance

The Company is involved in the cession and assumption of reinsurance with non-affiliated companies. Risks are reinsured with other companies on both a quota share and excess of loss basis.

Reinsurance transactions reflected in the accompanying consolidated statements of comprehensive income were as follows:



	Years Ended December 31,
	2013						2012						2011
	Written			Earned			Written			Earned			Written			Earned
	(in thousands)
Direct premiums	$	680,459		$	645,449		$	575,373		$	507,770		$	416,106		$	369,365
Assumed premiums	9,412			8,305			4,954			4,345			2,406			2,533
Gross premiums	689,871			653,754			580,327			512,115			418,512			371,898
Ceded premiums	(11,405		)	(11,405		)	(10,651		)	(10,651		)	(8,474		)	(8,474		)
Net premiums	$	678,466		$	642,349		$	569,676		$	501,464		$	410,038		$	363,424
Ceded losses and LAE incurred	$	10,732					$	2,544					$	46,327

Ceded losses and LAE incurred includes the amortization of the Deferred Gain and the LPT Reserve Adjustment.

Excess of Loss Reinsurance

The Company maintains reinsurance for losses from a single occurrence or event in excess of $5.0 million and up to $200.0 million, subject to a $2.0 million annual aggregate deductible and certain exclusions. The reinsurance coverage includes coverage for acts of terrorism, excluding nuclear, biological, chemical, and radiological events. Any liability outside the coverage limits of the reinsurance program is retained by the Company.

LPT Agreement

Recoverables from reinsurers on unpaid losses and LAE amounted to $0.7 billion and $0.8 billion at December 31, 2013 and 2012, respectively. At each of December 31, 2013 and 2012, $0.6 billion and $0.7 billion, respectively, of those recoverables was related to the LPT Agreement that was entered into in 1999 by the Fund and assumed by EICN. Under the LPT Agreement, substantially all of the Fund's losses and LAE on claims incurred prior to July 1, 1995, have been ceded to three unaffiliated reinsurers on a 100% quota share basis. Investments have been placed in trust by the three reinsurers as security for payment of the reinsured claims. Under the LPT Agreement, initially $1.5 billion in liabilities for the incurred but unpaid losses and LAE related to claims incurred prior to July 1, 1995, were reinsured for consideration of $775.0 million. The LPT Agreement provides coverage up to $2.0 billion. Through December 31, 2013, the Company has paid losses and LAE claims totaling $0.6 billion related to the LPT Agreement.

The Company amortized $14.6 million, $17.0 million, and $18.2 million of the Deferred Gain for the years ended December 31, 2013, 2012, and 2011, respectively. Additionally, the Deferred Gain was reduced by $19.0 million and $73.3 million in 2013 and 2012, respectively, due to favorable LPT Reserve Adjustments (Note 2). There was no LPT Reserve Adjustment in 2011.

- Definition

The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Section 50

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 13

-Article 7

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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-Name Regulation S-X (SX)

-Number 210

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Notes Payable

12 Months Ended

Dec. 31, 2013

Notes Payable [Abstract]

Notes Payable

Notes payable is comprised of the following:



	December 31,
	2013		2012
	(in thousands)
Amended Credit Facility, due December 31, 2015 with variable interest, as described below	$	70,000	$	80,000
Dekania Surplus Note, due April 30, 2034 with variable interest of 425 basis points above 90-day LIBOR	10,000		10,000
ICONS Surplus Note, due May 26, 2034 with variable interest of 425 basis points above 90-day LIBOR	12,000		12,000
Alesco Surplus Note, due December 15, 2034 with variable interest of 405 basis points above 90-day LIBOR	10,000		10,000
Balance	$	102,000	$	112,000

On December 28, 2010, the Company entered into the Third Amended and Restated Credit Agreement (Amended Credit Facility) with Wells Fargo Bank, National Association (Wells Fargo), under which the Company is provided with: (a) $100.0 million line of credit through December 31, 2011; (b) $90.0 million line of credit from January 1, 2012 through December 31, 2012; (c) $80.0 million line of credit from January 1, 2013 through December 31, 2013; (d) $70.0 million line of credit from January 1, 2014 through December 31, 2014; and (e) $60.0 million line of credit from January 1, 2015 through December 31, 2015. Amounts outstanding bear interest at a rate equal to, at the Company's option: (a) a fluctuating rate of 1.75% above prime rate or (b) a fixed rate that is 1.75% above the LIBOR rate then in effect. The Amended Credit Facility is secured by fixed maturity securities and cash and cash equivalents that had a fair value of $95.1 million at December 31, 2013. The Amended Credit Facility contains customary non-financial covenants and requires EHI to maintain 5% of the aggregate commitment amount of the line of credit in cash and cash equivalents at all times. The Company is currently in compliance with all applicable covenants. Interest paid during the years ended December 31, 2013, 2012, and 2011 totaled $1.6 million, $1.9 million, and $2.0 million, respectively. In accordance with the terms of the contract, a repayment of $10.0 million was made toward the Amended Credit Facility on December 31, 2013.

EPIC has a $10.0 million surplus note to Dekania CDO II, Ltd. issued as part of a pooled transaction. The note matures in 2034 and became callable by the Company in the second quarter of 2009. The terms of the note provide for quarterly interest payments at a rate 425 basis points in excess of the 90-day LIBOR. Both the payment of interest and repayment of the principal under this note and the surplus notes described in the succeeding two paragraphs are subject to the prior approval of the Florida Department of Financial Services. Interest paid during each of the years ended December 31, 2013, 2012, and 2011 was $0.5 million. Interest accrued as of December 31, 2013 and 2012 was $0.1 million.

EPIC has a $12.0 million surplus note to ICONS, Inc. issued as part of a pooled transaction. The note matures in 2034 and became callable by the Company in the second quarter of 2009. The terms of the note provide for quarterly interest payments at a rate 425 basis points in excess of the 90-day LIBOR. Interest paid during each of the years ended December 31, 2013, 2012, and 2011 was $0.6 million. Interest accrued at each of December 31, 2013 and 2012 was $0.1 million.

EPIC has a $10.0 million surplus note to Alesco Preferred Funding V, LTD issued as part of a pooled transaction. The note matures in 2034 and became callable by the Company in the fourth quarter of 2009. The terms of the note provide for quarterly interest payments at a rate 405 basis points in excess of the 90-day LIBOR. Interest paid during the years ended December 31, 2013, 2012, and 2011 was $0.3 million, $0.5 million, and $0.4 million, respectively. Interest accrued as of December 31, 2013 and 2012 was less than $0.1 million.

Principal payment obligations on notes payable outstanding at December 31, 2013, were as follows:



Year	Principal Due
	(in thousands)
2014	$	10,000
2015	60,000
2016	—
2017	—
2018	—
Thereafter	32,000
Total	$	102,000

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies Disclosure

Commitments and Contingencies

Leases

The Company leases office facilities and certain equipment under operating and capital leases. Most leases have renewal options, typically with increased rental rates during the option period. Certain of these leases contain options to purchase the property at amounts that approximate fair market value; other leases contain options to purchase at a bargain purchase price. At December 31, 2013, the remaining lease terms expire over the next five years.

The future lease payments for the next five years on these non-cancelable operating and capital leases at December 31, 2013, were as follows:



Year	Operating Leases		Capital Leases
	(in thousands)
2014	$	6,044	$	1,518
2015	4,704		689
2016	3,308		314
2017	1,969		314
2018	616		180
Total	$	16,641	$	3,015

Included in the future minimum capital lease payments are future interest charges of $0.4 million. Facilities rent expense was $5.0 million, $5.2 million, and $5.1 million for the years ended December 31, 2013, 2012, and 2011, respectively.

Property held under capital leases is included in property and equipment as follows:



Asset Class	2013			2012
	(in thousands)
Furniture and equipment	$	—		$	100
Computers and software	3,295			2,904
Automobiles	1,208			1,369
	4,503			4,373
Accumulated amortization	(1,681		)	(1,758		)
Total	$	2,822		$	2,615

Contingencies Surrounding Insurance Assessments

All of the states where the Company's insurance subsidiaries are licensed to transact business require property and casualty insurers doing business within the respective state to pay various insurance assessments. The Company accrues a liability for estimated insurance assessments as direct premiums are written, losses are recorded, or as other events occur in accordance with various states' laws and regulations, and defers these costs and recognizes them as an expense as the related premiums are earned. The Company had an accrued liability for guaranty fund assessments, second injury funds assessments, and other insurance assessments totaling $13.1 million and $8.5 million as of December 31, 2013 and 2012, respectively. These liabilities are generally expected to be paid over one to eighty year periods based on individual states' regulations. The Company also recorded an asset of $5.1 million and $1.7 million, as of December 31, 2013 and 2012, respectively, for prepaid policy charges still to be collected in the future from policyholders, assessments that may be recovered through a reduction in future premium taxes in certain states, and for expected refunds of certain prepaid assessments based on a change in the Company's premium between the time when the prepayment was made and when the assessment becomes due. These assets are expected to be realized over two to ten year periods in accordance with their type and individual states' regulations.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2013

Stock-Based Compensation [Abstract]

Stock-Based Compensation

The Employers Holdings, Inc. Amended and Restated Equity and Incentive Plan (the Plan) is administered by the Compensation Committee of the Board of Directors, which is authorized to grant, at its discretion, awards to officers, employees, non-employee directors, consultants, and independent contractors. The maximum number of common shares reserved for grants of awards under the Plan is 7,105,838 shares. The Plan provides for the grant of stock options (both incentive stock options and nonqualified stock options), stock appreciation rights, shares of restricted stock, restricted stock units (RSUs), performance stock units (PSUs), and other stock-based awards.

As of December 31, 2013, nonqualified stock options, RSUs, and PSUs have been granted, but no incentive stock options, stock appreciation rights, or share of restricted stock have been granted under the Plan.

Compensation costs are recognized based on expected performance, if applicable, net of any estimated forfeitures on a straight-line basis over the employee requisite service periods. Forfeiture rates are based on historical experience and are adjusted in subsequent periods for differences in actual forfeitures from those estimated. Net stock-based compensation expense recognized in the accompanying consolidated statements of comprehensive income was as follows:



	Years Ended December 31,
	2013		2012		2011
Stock-based compensation expense related to:	(in thousands)
Nonqualified stock options	$	1,715	$	1,958	$	1,648
RSUs	2,276		2,435		2,094
PSUs	1,631		1,748		—
Total	5,622		6,141		3,742
Less: related tax benefit	1,968		1,972		1,220
Net stock-based compensation expense	$	3,654	$	4,169	$	2,522

Nonqualified Stock Options

The Company awarded “Founders' grants” to employees, excluding senior officers, in February 2007. The founders' grants awards vested pro-rata on each of the first three anniversaries of the effective date of the Company's initial public offering. The options expire seven years from the date of grant. Additional grants of nonqualified stock options awarded to certain officers of the Company have service vesting periods of four years after the date awarded and vest 25% on each of the subsequent four anniversaries of such date. The options are subject to accelerated vesting in certain limited circumstances, such as: death or disability, or in connection with a change of control of the Company. The options expire seven years from the date of grant.

The fair value of the stock options granted is estimated using a Black-Scholes option pricing model that uses the assumptions noted in the following table. During the years ended December 31, 2013, 2012, and 2011, the expected stock price volatility used to value the options granted in 2013, 2012, and 2011 was based on the volatility of the Company's historical stock price since February 2007. The expected term of the options granted in 2013, 2012, and 2011 was calculated using the 'plain-vanilla' calculation provided in the guidance of the Securities and Exchange Commission's Staff Accounting Bulletin No. 107. The dividend yield was calculated using amounts authorized by the Board of Directors. The risk-free interest rate is the yield on the grant date of the options of U.S. Treasury zero coupon securities with a maturity comparable to the expected term of the options.

The Company anticipates issuing new shares upon exercise of stock options.

The fair value of the stock options granted during the years ended December 31, 2013, 2012, and 2011 were calculated using the following weighted average assumptions:



	2013		2012		2011
Expected volatility	40.1	%	42.7	%	43.6	%
Expected life (in years)	4.8		4.8		4.8
Dividend yield	1.1	%	1.4	%	1.2	%
Risk-free interest rate	0.8	%	1.1	%	1.9	%
Weighted average grant date fair values of options granted	$7.04		$5.64		$7.01

Changes in outstanding stock options for the year ended December 31, 2013 were as follows:



	Number of Options		Weighted-Average Exercise Price		Weighted Average Remaining Contractual Life
Options outstanding at December 31, 2010	1,763,103		$	16.14	4.8 years
Granted	355,063		19.81		6.2 years
Exercised	(92,646	)	16.53
Expired	(49,445	)	17.32
Forfeited	(187,369	)	15.36
Options outstanding at December 31, 2011	1,788,706		16.90		4.3 years
Granted	242,300		17.02		6.2 years
Exercised	(101,261	)	14.13
Expired	(98,973	)	18.78
Options outstanding at December 31, 2012	1,830,772		16.97		3.7 years
Granted	162,800		22.24		6.2 years
Exercised	(411,295	)	17.89
Expired	(6,900	)	17.00
Forfeited	(28,479	)	18.90
Options outstanding at December 31, 2013	1,546,898		17.24		3.4 years
Exercisable at December 31, 2013	983,441		16.22		2.6 years

At December 31, 2013, the Company had yet to recognize $2.4 million in deferred compensation related to nonqualified stock option grants and expects to recognize these costs on a straight-line basis over the next 39 months. The fair value of options vested and the intrinsic value of outstanding and exercisable options as of December 31, were as follows:



	2013		2012		2011
	(in thousands)
Fair value of options vested	$	1,809	$	1,948	$	1,929
Intrinsic value of outstanding options	22,288		6,616		3,332
Intrinsic value of exercisable options	15,173		3,918		1,508

The intrinsic value of options exercised was $3.7 million, $0.5 million, and $0.3 million for the years ended December 31, 2013, 2012, and 2011.

RSUs

The Company has awarded RSUs to non-employee members of the Board of Directors and certain officers of the Company. The RSUs awarded to non-employee members of the Board of Directors vest on the first anniversary of the award date. RSU grants allow each non-employee Director to decide whether to defer settlement of the RSUs until six months after termination of Board service or settle the RSUs at vesting. Dividend equivalents are granted to Directors who elected to defer settlement of the RSUs after the grants vested. RSUs awarded to officers of the Company have a service vesting period of four years from the date awarded and vest 25% on each of the subsequent four anniversaries of such date. These RSUs are subject to accelerated vesting in certain limited circumstances, such as: death or disability of the holder, or in connection with a change of control of the Company.

Changes in outstanding RSUs for the year ended December 31, 2013 were as follows:



	Number of RSUs		Weighted Average Grant Date Fair Value
RSUs outstanding at December 31, 2010	428,515		$	14.98
Granted	157,570		19.12
Forfeited	(62,618	)	15.29
Vested	(105,278	)	15.25
RSUs outstanding at December 31, 2011	418,189		16.42
Granted	117,065		17.15
Vested	(128,992	)	16.36
RSUs outstanding at December 31, 2012	406,262		16.65
Granted	84,215		23.57
Forfeited	(10,924	)	18.85
Vested	(121,207	)	15.97
RSUs outstanding at December 31, 2013	358,346		18.44
Vested but unsettled RSUs at December 31, 2013	94,074		16.05

At December 31, 2013, the Company had yet to recognize $3.0 million in deferred compensation related to RSU grants and expects to recognize these costs on a straight-line basis over the next 39 months. The grant date fair value of RSUs vested and the intrinsic value of vested RSUs for the years ended December 31, were as follows:



	2013		2012		2011
	(in thousands)
Grant date fair value of RSUs vested	$	1,936	$	2,110	$	1,605
Intrinsic value of vested RSUs	2,872		2,235		1,865

The intrinsic value of outstanding RSUs was $11.3 million, $8.4 million, and $7.6 million at December 31, 2013, 2012, and 2011.

PSUs

The Company awarded PSUs to certain officers of the Company as follows:



Date of Grant	Target Number Awarded	Fair Value on Date of Grant		Aggregate Fair Value on Date of Grant
				(in thousands)
March 2012⁽¹⁾	158,900	$	17.02	$	2,704
March 2013⁽¹⁾	147,440	22.24		3,279


(1)	The PSUs have a performance period of three years and are subject to certain performance goals, based on the Company's statutory combined ratio, with payouts that range from 0% to 200% of the target awards.

At December 31, 2013, the Company had yet to recognize $1.7 million in deferred compensation related to PSU grants and expects to recognize these costs on a straight-line basis over the next 12 months. This is based on the expectation of the Company achieving the 200% target rate for the 2012 PSUs and 0% for the 2013 PSUs.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Statutory Matters

12 Months Ended

Dec. 31, 2013

Stautory Matters [Abstract]

Statutory Financial Data Disclosure

Statutory Matters

Statutory Financial Data

The combined capital stock, surplus, and net income of the Company's insurance subsidiaries (EICN, ECIC, EPIC, and EAC), prepared in accordance with the statutory accounting practices (SAP) of the National Association of Insurance Commissioners (NAIC) as well as SAP permitted by the states of California, Florida, and Nevada, were as follows:



	December 31,
	2013		2012
	(in thousands)
Capital stock and unassigned surplus	$	373,994	$	334,800
Paid in capital	174,900		134,900
Surplus notes	32,000		32,000
Total statutory surplus	$	580,894	$	501,700

Net income for the Company's insurance subsidiaries prepared in accordance with SAP for the years ended December 31, 2013, 2012 and 2011 was $19.3 million, $13.5 million and $13.8 million, respectively.

Treatment of the LPT Agreement and the surplus notes (see Notes 11 and 12) are the primary differences in the SAP-basis capital stock and total surplus of the insurance subsidiaries of $580.9 million and $501.7 million, and the GAAP-basis equity of the Company of $568.7 million and $539.4 million as of December 31, 2013 and 2012, respectively. Under SAP accounting, the retroactive reinsurance gain resulting from the LPT Agreement is recorded as a special component of surplus (special surplus funds) in the initial year of the contract, and not reported as unassigned surplus until the Company has recovered amounts in excess of the original consideration paid. The special surplus funds are also reduced by the amount of extraordinary dividends as approved by the Nevada Division of Insurance. Under SAP, the surplus notes are recorded as a separate component of surplus. Under SAP, changes to the estimated contingent profit commission under the LPT Agreement are reflected in commission expense in the period that the estimate is revised.

Insurance Company Dividends

The ability of EHI to pay dividends on the Company's common stock and to pay other expenses will be dependent to a significant extent upon the ability of the Nevada domiciled insurance company, EICN, and the Florida domiciled insurance company, EPIC, to pay dividends to their immediate holding company, Employers Group, Inc. (EGI) and, in turn, the ability of EGI to pay dividends to EHI. ECIC and EAC have the ability to declare and pay dividends to EICN and EPIC, respectively, subject to certain restrictions. The amount of dividends each of the Company's subsidiaries may pay to their immediate parent is limited by the laws of their respective state of domicile.

Nevada law limits the payment of cash dividends by EICN to its parent by providing that payments cannot be made except from available and accumulated surplus, otherwise unrestricted (unassigned), and derived from realized net operating profits and realized and unrealized capital gains. A stock dividend may be paid out of any available surplus. A cash or stock dividend prohibited by these restrictions may only be declared and distributed as an extraordinary dividend upon the prior approval of the Nevada Commissioner of Insurance (Nevada Commissioner). EICN may not pay such an extraordinary dividend or make an extraordinary distribution until the Nevada Commissioner either approves or does not disapprove the payment within 30 days after receiving notice of its declaration. An extraordinary dividend or distribution is defined by statute to include any dividend or distribution of cash or property whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceeds the greater of: (a) 10% of EICN's statutory surplus as regards to policyholders at the next preceding December 31; or (b) EICN's statutory net income, not including realized capital gains, for the 12-month period ending at the next preceding December 31. As of December 31, 2013, EICN had positive unassigned surplus of $324.9 million. During 2013, EICN did not pay any dividends. The maximum dividends that may be paid in 2014 by EICN without prior approval is $32.7 million.

Under Florida law, without regulatory approval, EPIC may pay dividends if they do not exceed the greater of: the lesser of 10% of surplus or net income, not including realized capital gains, plus a 2-year carry forward; 10% of surplus, with dividends payable limited to unassigned funds minus 25% of unrealized capital gains; or, the lesser of 10% of surplus or net investment income plus a 3-year carry forward with dividends payable limited to unassigned funds minus 25% of unrealized capital gains. During 2013, EPIC did not pay any dividends. The maximum dividends that may be paid in 2014 by EPIC without prior approval is $25.4 million.

Regulatory Requirements and Restrictions

ECIC is subject to regulation by the California Department of Insurance (California DOI). The ability of ECIC to pay dividends was further limited by restrictions imposed by the California DOI in its approval of the Company's October 1, 2008 reinsurance pooling agreement. Under that approval: (a) ECIC must initiate discussions of its business plan with the California DOI if its premium to policyholder surplus ratio exceeds 1.5 to 1; (b) ECIC will not exceed a ratio of premium to policyholder surplus of 2 to 1 without approval of the California DOI; (c) if at any time ECIC's policyholder surplus decreases to 80% or less than the September 30, 2008 balance, ECIC shall cease issuing new policies in California, but may continue to renew existing policies until it has (i) received a capital infusion to bring its surplus position to the same level as that as of September 30, 2008 and (ii) submitted a new business plan to the California DOI; (d) ECIC will maintain a risk based capital (RBC) level of at least 350%; (e) should ECIC fail to comply with any commitments listed herein, ECIC will consent to any request by the California DOI to cease issuing new policies in California, but may continue to renew existing policies until such time that as ECIC is able to achieve full compliance with each commitment; and (f) the obligations listed shall only terminate with the written consent of the California DOI. During the years ended December 31, 2013, 2012, and 2011, ECIC was in compliance with these statutes.

EPIC and EAC are subject to regulation by the Florida Department of Financial Services (FDFS). Florida statute Section 624.408 requires EPIC and EAC to maintain minimum capital and surplus of the greater of $4.0 million or 10% of total liabilities. Florida statute Section 624.4095 requires EPIC and EAC to maintain a ratio of written premiums times 1.25 to surplus of no greater than 10-to-1 for gross written premiums and 4-to-1 for net written premiums. During the years ended December 31, 2013, 2012, and 2011, EPIC and EAC were in compliance with these statutes.

Additionally, EICN, ECIC, EPIC, and EAC are required to comply with NAIC RBC requirements. RBC is a method of measuring the amount of capital appropriate for an insurance company to support its overall business operations in light of its size and risk profile. NAIC RBC standards are used by regulators to determine appropriate regulatory actions relating to insurers that show signs of weak or deteriorating conditions. As of December 31, 2013, 2012, and 2011, EICN, ECIC, EPIC, and EAC each had total adjusted capital above all regulatory action levels.

Accumulated Other Comprehensive Income, Net

12 Months Ended

Dec. 31, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income, Net

Accumulated other comprehensive income, net, is comprised of unrealized gains on investments classified as available-for-sale, net of deferred tax expense. The following table summarizes the components of accumulated other comprehensive income, net:



	Years Ended December 31,
	2013			2012
	(in thousands)
Net unrealized gain on investments, before taxes	$	139,105		$	199,305
Deferred tax expense	(48,687		)	(69,756		)
Total accumulated other comprehensive income, net	$	90,418		$	129,549

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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-SubTopic 10

-Section 45

-Paragraph 11

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-Topic 505

-SubTopic 10

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-Paragraph 1

-Subparagraph (SX 210.3-04)

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-Topic 220

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-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share includes no dilution and is computed by dividing income applicable to stockholders by the weighted average number of shares outstanding for the period. Diluted earnings per share reflect the potential dilutive impact of all convertible securities on earnings per share. Diluted earnings per share includes shares assumed issued under the “treasury stock method,” which reflects the potential dilution that would occur if outstanding options were to be exercised.

The following table presents the net income and the weighted average shares outstanding used in the earnings per share calculations.



	Years Ended December 31,
	2013		2012		2011
	(in thousands, except share data)
Net income available to stockholders–basic and diluted	$	63,824	$	106,891	$	48,623
Weighted average number of shares outstanding–basic	31,142,534		31,476,056		37,284,425
Effect of dilutive securities:
Nonqualified stock options	464,334		104,837		74,430
PSUs	177,040		—		—
RSUs	154,259		141,164		150,232
Dilutive potential shares	795,633		246,001		224,662
Weighted average number of shares outstanding–diluted	31,938,167		31,722,057		37,509,087

Diluted earnings per share exclude outstanding options and other common stock equivalents in periods where the inclusion of such options and common stock equivalents would be anti-dilutive. The following table presents options, PSUs and RSUs that were excluded from diluted earnings per share.



	Years Ended December 31,
	2013	2012	2011
Options excluded as the exercise price was greater than the average market price	—	900,180	1,095,920
Options, PSUs and RSUs excluded under the treasury method, as the potential proceeds on settlement or exercise was greater than the value of shares acquired	162,800	401,200	505,635

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Selecled Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Information

Selected Quarterly Financial Data (Unaudited)

Quarterly results for the years ended December 31, 2013 and 2012 were as follows:



	2013 Quarters Ended
	March 31			June 30		September 30			December 31
	(in thousands, except per share data)
Net premiums earned	$	147,975		$	159,953	$	164,429		$	169,992
Realized gains on investments, net	794			3,866		1,075			3,794
Losses and loss adjustment expenses	108,272			112,638		105,767			136,902
Commission expense	18,393			20,127		19,946			19,792
Underwriting and other operating expenses	31,540			32,249		32,493			29,042
Income tax (benefit) expense	(226		)	1,209		(3,274		)	(8,359		)
Net income	7,490			14,588		27,585			14,161
Earnings per common share:
Basic	0.24			0.47		0.88			0.45
Diluted	0.24			0.46		0.86			0.44



	2012 Quarters Ended
	March 31			June 30			September 30			December 31
	(in thousands, except per share data)
Net premiums earned	$	109,900		$	118,955		$	131,766		$	140,843
Realized gains on investments, net	1,778			945			1,838			487
Losses and loss adjustment expenses	80,518			87,809			96,823			22,760
Commission expense	13,816			16,621			16,681			18,462
Underwriting and other operating expenses	32,989			30,316			30,147			31,192
Income tax (benefit) expense	(4,421		)	(2,309		)	(1,173		)	(1,444		)
Net income	6,340			5,016			7,766			87,769
Earnings per common share:
Basic	0.19			0.16			0.25			2.85
Diluted	0.19			0.16			0.25			2.82

Fourth Quarter Adjustments

The fourth quarter of 2013 was impacted by two changes in estimate, including: (1) a favorable LPT Reserve Adjustment, which reduced the Company's losses and LAE by $8.9 million, and increased net income by $8.9 million, or $0.28 per basic and diluted share, respectively; and (2) an LPT Contingent Commission Adjustment, which reduced the Company's losses and LAE by $2.7 million, resulting in an increase to net income of $2.7 million, or $0.09 and $0.08 per basic and diluted share, respectively.

The fourth quarter of 2012 was impacted by two changes in estimate, including: (1) a favorable LPT Reserve Adjustment, which reduced the Company's losses and LAE by $73.3 million, and increased net income by $73.3 million, or $2.38 and $2.36 per basic and diluted share, respectively; and (2) an LPT Contingent Commission Adjustment, which reduced the Company's losses and LAE by $8.6 million, resulting in an increase to net income of $8.2 million, or $0.27 and $0.26 per basic and diluted share, respectively. See Note 2.

Net Premiums Earned

The increase in net premiums earned in 2013 and 2012 was primarily due to increasing policy count and rates.

Losses and LAE

Losses and LAE increased in the second quarter of 2013, primarily due to an increase in net earned premiums. The decrease in losses and LAE during the third quarter of 2013 was primarily due to a LPT Reserve Adjustment of $10.1 million. The increase in losses and LAE during the fourth quarter of 2013 was primarily due to an increase in the current accident year loss estimate to 77.0%, which increased the Company's losses and LAE by $21.5 million. Additionally, there was $5.1 million of unfavorable prior accident year loss development during the fourth quarter of 2013. These increases were partially offset by an $8.9 million LPT Reserve Adjustment and a $2.7 million LPT Contingent Commission Adjustment during the fourth quarter of 2013.

Losses and LAE increased through the first three quarters of 2012 primarily due to an increase in net earned premiums. The decrease in losses and LAE during the fourth quarter of 2012 was primarily due to a LPT Reserve Adjustment of $73.3 million and a LPT Contingent Commission Adjustment of $8.6 million.

Commission Expense

The increased commission expense in the second quarter of 2013 was primarily due to higher net earned premiums.

The increased commission expense in the second quarter of 2012 was primarily due to higher agency incentive commissions due to increased agent production during that quarter. The third quarter of 2012 was impacted by higher net earned premiums, partially offset by a decrease in the accrual for agency incentives. The increased commission expense in the fourth quarter of 2012 was primarily due to higher net earned premiums and an increase in the accrual for agency incentives.

Underwriting and Other Operating Expenses

Underwriting and other operating expenses increased through the third quarter of 2013 primarily due to increased compensation expenses and increased premium taxes and assessments as net premiums earned increased. During the fourth quarter of 2013, underwriting and other operating expenses decreased primarily due to a decrease in compensation expense.

Underwriting and other operating expenses increased by $3.0 million, $2.2 million, $1.3 million, and $0.6 million in the first, second, third, and fourth quarters of 2012, respectively, due to the implementation of new accounting guidance for deferred policy acquisition costs. Additionally, underwriting and other operating expenses increased throughout 2012 primarily due to increased compensation expenses and increased premium taxes and assessments as net premiums earned increased.

Income Taxes

Income tax expense (benefit) for interim periods is measured using an estimated effective tax rate for the annual period based on projected net income and tax adjustments. On an interim basis, actual results to date replace the projections and the annual effective tax rate is updated. A cumulative change is recorded in the quarter the effective tax rate changes.

The income tax benefit in the third and fourth quarters of 2013 was primarily related to a reallocation of reserves from non-taxable periods prior to January 1, 2000, which reduced our effective tax rate by 13.9 percentage points for the year ended December 31, 2013. The changes in estimate related to the LPT Reserve Adjustments in the third and fourth quarters of 2013 and the LPT Contingent Commission Adjustment in the fourth quarter of 2013 were tax-exempt. Additionally, the increase in current accident year loss estimate in the fourth quarter of 2013 reduced taxable net income during the quarter.

The changes in estimate related to the LPT Reserve Adjustment and LPT Contingent Commission Adjustment in the fourth quarter of 2012 were tax-exempt.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Schedule II. Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2013

Notes to Condensed Financial Statments [Abstract]

Schedule II. Condensed Financial Information of Registrant



Employers Holdings, Inc.

Condensed Balance Sheets

	December 31,
	2013			2012
	(in thousands, except share data)
Assets
Investments:
Investment in subsidiaries	$	447,619		$	382,985
Investment in securities available-for-sale (amortized cost $108,890 in 2013 and $133,606 in 2012)	114,152			143,534
Equity Securities at fair value (amortized cost $42,861 in 2013 and $30,678 in 2012)	52,503			32,256
Total investments	614,274			558,775

Cash and cash equivalents	6,371			40,149
Restricted cash and cash equivalents	567			200
Intercompany receivable	—			4,390
Federal income taxes receivable	7,427			5,649
Deferred income taxes, net	11,039			11,595
Other assets	2,702			2,817
Total assets	$	642,380		$	623,575

Liabilities and stockholders' equity
Accounts payable and accrued expenses	$	2,514		$	4,152
Intercompany payable	1,163			—
Notes payable	70,000			80,000
Other liabilities	—			42
Total liabilities	73,677			84,194

Stockholders' equity:
Common stock, $0.01 par value; 150,000,000 shares authorized 54,672,904 and 54,144,453 shares issued and 31,299,930 and 30,771,479 shares outstanding at December 31, 2013 and 2012, respectively	547			542
Preferred stock, $0.01 par value; 25,000,000 shares authorized non-issued	—			—
Additional paid-in capital	338,090			325,990
Retained earnings	502,198			445,850
Accumulated other comprehensive income, net	90,418			129,549
Treasury stock, at cost (23,372,974 shares at December 31, 2013 and 2012)	(362,550		)	(362,550		)
Total stockholders' equity	568,703			539,381
Total liabilities and stockholders' equity	$	642,380		$	623,575

See accompanying notes.



Employers Holdings, Inc.

Condensed Statements of Income

	Years Ended December 31,
	2013			2012			2011
	(in thousands, except per share data)
Revenues
Net investment income	$	5,995		$	6,590		$	10,284
Realized gains on investments	4,273			623			7,769
Total revenues	10,268			7,213			18,053

Expenses
Other operating expenses	11,988			13,889			12,662
Interest expense	1,621			1,880			2,040
Total expenses	13,609			15,769			14,702

Income (loss) before income taxes and equity in earnings of subsidiary	(3,341		)	(8,556		)	3,351
Income tax (benefit) expense	(1,513		)	(4,109		)	279
Net income before equity in earnings of subsidiary	(1,828		)	(4,447		)	3,072
Equity in net income of subsidiary	65,652			111,338			45,551
Net income	$	63,824		$	106,891		$	48,623

Earnings per common share for the stated periods (Note 19):
Basic	$	2.05		$	3.40		$	1.30
Diluted	$	2.00		$	3.37		$	1.30

Cash dividends declared per common share	$	0.24		$	0.24		$	0.24

See accompanying notes.



Employers Holdings, Inc.

Condensed Statement of Cash Flows

	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Operating activities
Net income	$	63,824		$	106,891		$	48,623
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in net income of subsidiary	(65,652		)	(111,338		)	(45,551		)
Realized gains on investments	(4,273		)	(623		)	(7,769		)
Stock-based compensation	5,622			6,141			3,742
Amortization of premium or investments, net	1,305			1,734			4,056
Deferred income tax expense	(486		)	(2,511		)	(1,803		)
Change in operating assets and liabilities:
Accounts payable, accrued expense and other liabilities	(1,680		)	1,929			(583		)
Federal income taxes	(1,778		)	(9,636		)	3,731
Other assets	115			796			2,126
Intercompany payable/receivable	5,553			9			3,087
Net cash (used in) provided by operating activities	2,550			(6,608		)	9,659

Investing activities
Purchase of fixed maturity securities	(29,485		)	—			—
Purchase of equity securities	(23,599		)	(23,909		)	(14,990		)
Proceeds from sale of fixed maturity securities	35,466			—			133,232
Proceeds from maturities and redemptions of investments	17,645			47,677			27,420
Proceeds from sale of equity securities	15,473			8,843			—
Cash dividends received from subsidiary	3,555			—			67,380
Capital contributions to subsidiary	(44,023		)	(70,000		)	—
Restricted cash used in investing activities	(367		)	1,818			(1		)
Net cash (used in) provided by investing activities	(25,335		)	(35,571		)	213,041

Financing activities
Acquisition of treasury stock	—			(41,795		)	(91,975		)
Cash transactions related to stock-based compensation	6,462			839			1,019
Dividends paid to stockholders	(7,455		)	(7,508		)	(8,943		)
Payments on notes payable	(10,000		)	(10,000		)	(10,000		)
Net cash used in financing activities	(10,993		)	(58,464		)	(109,899		)

Net (decrease) increase in cash and cash equivalents	(33,778		)	(100,643		)	112,801
Cash and cash equivalents at the beginning of the period	40,149			140,792			27,991
Cash and cash equivalents at the end of the period	$	6,371		$	40,149		$	140,792

See accompanying notes.

1. Nature of Operations and Summary of Significant Accounting Policies

Operations and Basis of Presentation

Employers Holdings, Inc. (EHI) is a Nevada holding company. Through its wholly owned insurance subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC), and Employers Assurance Company (EAC), EHI is engaged in the commercial property and casualty insurance industry, specializing in workers' compensation products and services. Unless otherwise indicated, all references to the “Company” refer to EHI, together with its subsidiaries.

EHI prepares its condensed financial statements in accordance with U.S. generally accepted accounting principles (GAAP), using the equity method. Under the equity method, the investment in subsidiary is stated at cost plus equity in earnings of its subsidiary. EHI receives dividends from its insurance subsidiaries in the form of cash and securities. The book value for these securities is stated at the fair market value at the date of transfer. These condensed financial statements should be read in conjunction with EHI's consolidated financial statements included elsewhere in this Annual Report on Form 10-K.

Estimates and Assumptions

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. As a result, actual results could differ from these estimates.

2. Income Taxes

EHI files a consolidated federal income tax return with its subsidiaries and has a tax allocation agreement with its subsidiaries. The equity in the undistributed earnings of subsidiaries included in the accompanying condensed statements of income is net of income taxes.

3. Investments

EHI primarily holds fixed maturity securities at December 31, 2013 for purposes of securing the Third and Amended and Restated Secured Revolving Credit Facility (Amended Credit Facility). The amortized cost and estimated fair value of fixed maturity securities at December 31, 2013, by contractual maturity, are shown below. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	23,335	$	23,822
Due after one year through five years	61,030		64,989
Due after five years through ten years	10,599		11,014
Due after 10 years	13,926		14,327
Total	$	108,890	$	114,152

At December 31, 2013, the fixed maturity securities had unrealized gains of $5.3 million which are included in accumulated comprehensive income, net in the accompanying condensed balance sheets.

During 2013, EHI purchased equity securities and utilized market quotations to determine their fair values.

4. Notes Payable

On December 28, 2010, EHI and Wells Fargo Bank, National Association (Wells Fargo) entered into the Amended Credit Facility. See Note 12 of the Consolidated Financial Statements of Employers Holdings, Inc. and Subsidiaries included herein for a description of the terms of the Amended Credit Facility. Interest paid during the years ended December 31, 2013, 2012, and 2011 totaled $1.6 million, $1.9 million, and $2.0 million, respectively. In accordance with the terms of the contract, a repayment of $10.0 million was made toward the Amended Credit Facility on December 31, 2013. The Amended Credit Facility is secured by fixed maturity securities which had a fair value of $95.1 million at December 31, 2013.

5. Stock-Based Compensation

During 2013, EHI awarded 162,800 non-qualified stock options to officers, 84,215 RSUs to non-employee Directors and officers, and 147,440 PSUs to officers. During 2012, EHI awarded 242,300 non-qualified stock options to officers, 117,065 RSUs to non-employee Directors and officers, and 158,900 PSUs to officers. See Note 15 of the Consolidated Financial Statements of Employers Holdings, Inc. and Subsidiaries' included herein for a detailed description of the stock-based compensation.

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details

Schedule VI. Supplemental Information

12 Months Ended

Dec. 31, 2013

Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]

Schedule of Supplemental Information for Property, Casualty Insurance Underwriters



Schedule VI. Supplemental Information Concerning Property - Casualty Insurance Operations

Employers Holdings, Inc. and Subsidiaries
Consolidated Supplemental Information Concerning Property and Casualty Insurance Operations

Year Ended	Deferred Policy Acquisition Costs		Reserves For Unpaid Losses And LAE		Unearned Premiums		Net Premiums Earned		Net Investment Income		Losses and LAE Related to Current Years		Losses and LAE Related to Prior Years		Amortization of Deferred Policy Acquisition Costs		Paid Losses And LAE		Net Premiums Written
(in thousands)
2013	$	43,532	$	2,330,491	$	303,967	$	642,349	$	70,764	$	494,579	$	6,934	$	96,903	$	340,231	$	678,466
2012	38,852		2,231,540		265,149		501,464		72,363		386,044		1,800		85,926		293,213		569,676
2011	37,524		2,272,363		194,933		363,424		80,117		280,683		1,127		74,500		273,973		410,038

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

The Company considers all highly liquid investments with an initial maturity of three months or less at the date of purchase to be cash equivalents.

Restricted Cash and Cash Equivalents, Policy

Restricted Cash and Cash Equivalents

Investments, Policy

Investments

Realized capital gains and losses on investments are determined on a specific-identification basis.

Revenue Recognition, Policy

Revenue Recognition

Deferred Policy Acquisition Costs, Policy

Deferred Policy Acquisition Costs

Unpaid Loss and LAE Reserves, Policy

Unpaid Loss and LAE Reserves

Reinsurance, Policy

Reinsurance

Ceded losses and LAE are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the relevant reinsurance agreement.

Property, and Equipment, Policy

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation (see Note 8). Expenditures for maintenance and repairs are charged against operations as incurred.

Obligations Held Under Capital Leases, Policy

Obligations Held Under Capital Leases

Income Taxes, Policy

Income Taxes

Credit Risk, Policy

Credit Risk

Fair Value of Financial Instruments, Policy

Fair Value of Financial Instruments

Goodwill and Other Intangible Assets, Policy

Goodwill and Other Intangible Assets

The gross carrying value, accumulated amortization, and net carrying value for the Company's intangible assets, by major class, as of December 31, were as follows:



	2013							2012
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	(in thousands)
State licenses	$	7,700				$	7,700	$	7,700				$	7,700
Insurance relationships	9,400		$	(7,415	)	1,985		9,400		$	(6,542	)	2,858
Total	$	17,100	$	(7,415	)	$	9,685	$	17,100	$	(6,542	)	$	10,558



Year	Amount
	(in thousands)
2014	$	651
2015	489
2016	371
2017	285
2018	189
Total	$	1,985

Stock-based Compensation, Policy

Stock-Based Compensation

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Significant Accounting Policies [Abstract]

Schedule of intangible assets table

The gross carrying value, accumulated amortization, and net carrying value for the Company's intangible assets, by major class, as of December 31, were as follows:



	2013							2012
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	(in thousands)
State licenses	$	7,700				$	7,700	$	7,700				$	7,700
Insurance relationships	9,400		$	(7,415	)	1,985		9,400		$	(6,542	)	2,858
Total	$	17,100	$	(7,415	)	$	9,685	$	17,100	$	(6,542	)	$	10,558

Expected amortization expense table

Amortization expense is expected to be as follows:



Year	Amount
	(in thousands)
2014	$	651
2015	489
2016	371
2017	285
2018	189
Total	$	1,985

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value of Financial Instruments [Abstract]

Estimated fair value of financial instruments table

The carrying value and the estimated fair value of the Company's financial instruments as of December 31, were as follows:



	2013				2012
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Financial assets	(in thousands)
Investments (Note 7)	$	2,344,858	$	2,344,858	$	2,149,514	$	2,149,514
Cash and cash equivalents	34,503		34,503		140,661		140,661
Restricted cash and cash equivalents	6,564		6,564		5,353		5,353
Financial liabilities
Notes payable (Note 12)	$	102,000	$	105,540	$	112,000	$	118,207

Fair value, assets and liabilities measured on recurring basis table

The following table presents the items in the accompanying consolidated balance sheets that are stated at fair value and the fair value measurements.



	December 31, 2013						December 31, 2012
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
	(in thousands)
Fixed maturity securities
U.S. Treasuries	$	—	$	170,897	$	—	$	—	$	152,490	$	—
U.S. Agencies	—		68,118		—		—		93,967		—
States and municipalities	—		735,180		—		—		758,516		—
Corporate securities	—		833,296		—		—		676,243		—
Residential mortgage-backed securities	—		258,431		—		—		252,852		—
Commercial mortgage-backed securities	—		65,110		—		—		56,120		—
Asset-backed securities	—		51,514		—		—		34,240		—
Total fixed maturity securities	$	—	$	2,182,546	$	—	$	—	$	2,024,428	$	—
Equity securities	$	162,312	$	—	$	—	$	125,086	$	—	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments [Abstract]

Available-for-sale securities table

The cost or amortized cost, gross unrealized gains, gross unrealized losses, and estimated fair value of the Company’s investments were as follows:



	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
At December 31, 2013	(in thousands)
Fixed maturity securities
U.S. Treasuries	$	163,951	$	7,073	$	(127	)	$	170,897
U.S. Agencies	64,985		3,137		(4		)	68,118
States and municipalities	698,979		40,595		(4,394		)	735,180
Corporate securities	814,283		28,671		(9,658		)	833,296
Residential mortgage-backed securities	255,187		7,979		(4,735		)	258,431
Commercial mortgage-backed securities	67,066		316		(2,272		)	65,110
Asset-backed securities	51,613		54		(153		)	51,514
Total fixed maturity securities	2,116,064		87,825		(21,343		)	2,182,546
Equity securities	89,689		72,844		(221		)	162,312
Total investments	$	2,205,753	$	160,669	$	(21,564	)	$	2,344,858

At December 31, 2012
Fixed maturity securities
U.S. Treasuries	$	138,839	$	13,651	$	—		$	152,490
U.S. Agencies	88,202		5,765		—			93,967
States and municipalities	689,776		68,740		—			758,516
Corporate securities	627,047		49,461		(265		)	676,243
Residential mortgage-backed securities	236,461		16,488		(97		)	252,852
Commercial mortgage-backed securities	54,755		1,410		(45		)	56,120
Asset-backed securities	34,062		211		(33		)	34,240
Total fixed maturity securities	1,869,142		155,726		(440		)	2,024,428
Equity securities	81,067		45,399		(1,380		)	125,086
Total investments	$	1,950,209	$	201,125	$	(1,820	)	$	2,149,514

Investments classified by contractual maturity date table



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	147,157	$	149,369
Due after one year through five years	777,480		812,822
Due after five years through ten years	655,280		676,124
Due after ten years	162,281		169,176
Mortgage and asset-backed securities	373,866		375,055
Total	$	2,116,064	$	2,182,546



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	23,335	$	23,822
Due after one year through five years	61,030		64,989
Due after five years through ten years	10,599		11,014
Due after 10 years	13,926		14,327
Total	$	108,890	$	114,152

Unrealized loss on investments table



	December 31, 2013						December 31, 2012
	Estimated Fair Value		Gross Unrealized Losses			Number of Issues	Estimated Fair Value		Gross Unrealized Losses			Number of Issues
Less than 12 months:	(dollars in thousands)
Fixed maturity securities
U.S. Treasuries	$	22,242	$	(127	)	7	$	—	$	—		—
U.S. Agencies	1,631		(4		)	1	—		—			—
States and municipalities	127,965		(4,394		)	34	—		—			—
Corporate securities	326,608		(9,536		)	112	36,338		(265		)	12
Residential mortgage-backed securities	129,586		(4,170		)	58	14,629		(28		)	6
Commercial mortgage-backed securities	35,878		(1,372		)	9	10,432		(45		)	4
Asset-backed securities	25,825		(52		)	13	16,714		(33		)	5
Total fixed maturity securities	669,735		(19,655		)	234	78,113		(371		)	27
Equity securities	6,140		(208		)	17	11,645		(1,207		)	35
Total less than 12 months	$	675,875	$	(19,863	)	251	$	89,758	$	(1,578	)	62

Greater than 12 months:
Fixed maturity securities
Corporate securities	$	6,174	$	(122	)	3	$	—	$	—		—
Residential mortgage-backed securities	5,609		(565		)	11	2,341		(69		)	17
Commercial mortgage-backed securities	9,324		(900		)	3	—		—			—
Asset-backed securities	8,938		(101		)	3	—		—			—
Total fixed maturity securities	30,045		(1,688		)	20	2,341		(69		)	17
Equity securities	303		(13		)	1	456		(173		)	4
Total greater than 12 months	$	30,348	$	(1,701	)	21	$	2,797	$	(242	)	21

Total available-for-sale:
Fixed maturity securities
U.S. Treasuries	$	22,242	$	(127	)	7	$	—	$	—		—
U.S. Agencies	1,631		(4		)	1	—		—			—
States and municipalities	127,965		(4,394		)	34	—		—			—
Corporate securities	332,782		(9,658		)	115	36,338		(265		)	12
Residential mortgage-backed securities	135,195		(4,735		)	69	16,970		(97		)	23
Commercial mortgage-backed securities	45,202		(2,272		)	12	10,432		(45		)	4
Asset-backed securities	34,763		(153		)	16	16,714		(33		)	5
Total fixed maturity securities	699,780		(21,343		)	254	80,454		(440		)	44
Equity securities	6,443		(221		)	18	12,101		(1,380		)	39
Total available-for-sale	$	706,223	$	(21,564	)	272	$	92,555	$	(1,820	)	83

Net realized gains and change in unrealized gains (losses), available for sale securities table

Realized gains on investments, net and the change in unrealized gains (losses) on fixed maturity and equity securities are determined on a specific-identification basis and were as follows:



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Realized gains on investments, net
Fixed maturity securities
Gross gains	$	761		$	3,779		$	19,463
Gross losses	(7		)	(5		)	(148		)
Realized gains on fixed maturity securities, net	$	754		$	3,774		$	19,315
Equity securities
Gross gains	$	9,093		$	2,156		$	1,169
Gross losses	(318		)	(882		)	(323		)
Realized gains on equity securities, net	$	8,775		$	1,274		$	846
Total	$	9,529		$	5,048		$	20,161

Change in unrealized (losses) gains
Fixed maturity securities	$	(88,803	)	$	8,803		$	47,897
Equity securities	28,603			10,935			2,235
Total	$	(60,200	)	$	19,738		$	50,132

Investment income table

Net investment income was as follows:



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Fixed maturity securities	$	69,458		$	71,293		$	80,361
Equity securities	3,812			3,248			1,885
Cash equivalents and restricted cash	99			351			279
	73,369			74,892			82,525
Investment expenses	(2,605		)	(2,529		)	(2,408		)
Net investment income	$	70,764		$	72,363		$	80,117

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References+ Details

- Definition

Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments.

+ References+ Details

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property and Equipment [Abstract]

Property, plant and equipment table

Property and equipment consists of the following:



	As of December 31,
	2013			2012
	(in thousands)
Furniture and equipment	$	2,896		$	2,896
Leasehold improvements	4,439			4,309
Computers and software	38,146			33,477
Automobiles	1,208			1,369
	46,689			42,051
Accumulated amortization and depreciation	(30,073		)	(27,371		)
Property and equipment, net	$	16,616		$	14,680

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Summary of income tax contingencies table

The provision for income taxes consisted of the following:



	Years Ended December 31,
	2013			2012			2011
Current tax (benefit) expense:	(in thousands)
Federal	$	89		$	1,964		$	(652	)
State	22			(312		)	154
Total current tax (benefit) expense	111			1,652			(498		)
Deferred federal tax (benefit) expense	(10,761		)	(10,999		)	(1,608		)
Income tax (benefit) expense	$	(10,650	)	$	(9,347	)	$	(2,106	)

Reconciliation of federal staturoty income tax rates to the effective tax rates table



	Years Ended December 31,
	2013			2012			2011
	(in thousands)
Expense computed at statutory rate	$	18,611		$	34,140		$	16,281
Dividends received deduction and tax-exempt interest	(9,033		)	(9,304		)	(11,409		)
Pre-Privatization reserve adjustments, excluding LPT	(7,400		)	—			(1,602		)
LPT deferred gain amortization	(6,632		)	(9,305		)	(6,755		)
LPT Reserve Adjustment	(6,645		)	(25,672		)	—
Other	449			794			1,379
Income tax (benefit) expense	$	(10,650	)	$	(9,347	)	$	(2,106	)

Deferred tax assets and liabilities

The significant components of deferred income taxes, net, were as follows as of December 31:



	2013				2012
	Deferred Tax				Deferred Tax
	Assets		Liabilities		Assets		Liabilities
	(in thousands)
Unrealized capital gains, net	$	—	$	48,687	$	—	$	69,756
Deferred policy acquisition costs	—		15,323		—		13,692
Intangible assets	—		3,390		—		3,695
Loss reserve discounting for tax reporting	57,945		—		57,722		—
Unearned premiums	20,639		—		18,119		—
Allowance for bad debt	2,608		—		2,085		—
Stock based compensation	4,603		—		4,339		—
Accrued liabilities	8,292		—		5,095		—
Minimum tax credit	13,177		—		13,090		—
Net operating loss carryforward	22,832		—		15,111		—
Other	1,169		5,803		1,401		3,588
Total	$	131,265	$	73,203	$	116,962	$	90,731
Deferred income taxes, net	$	58,062			$	26,231

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2013

Liability for Unpaid Losses and Loss Adjustment Expenses [Abstract]

Changes in the liability for unpaid losses and LAE table

The following table represents a reconciliation of changes in the liability for unpaid losses and LAE.



	Years Ended December 31,
	2013		2012		2011
	(in thousands)
Unpaid losses and LAE, gross of reinsurance, at beginning of period	$	2,231,540	$	2,272,363	$	2,279,729
Less reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE	805,386		940,840		956,043
Net unpaid losses and LAE at beginning of period	1,426,154		1,331,523		1,323,686
Losses and LAE, net of reinsurance, incurred in:
Current year	494,579		386,044		280,683
Prior years	6,934		1,800		1,127
Total net losses and LAE incurred during the period	501,513		387,844		281,810
Deduct payments for losses and LAE, net of reinsurance, related to:
Current year	78,523		67,672		55,405
Prior years	261,708		225,541		218,568
Total net payments for losses and LAE during the period	340,231		293,213		273,973
Ending unpaid losses and LAE, net of reinsurance	1,587,436		1,426,154		1,331,523
Reinsurance recoverable, excluding bad debt allowance, on unpaid losses and LAE	743,055		805,386		940,840
Unpaid losses and LAE, gross of reinsurance, at end of period	$	2,330,491	$	2,231,540	$	2,272,363

Reinsurance (Tables)

12 Months Ended

Dec. 31, 2013

Reinsurance [Abstract]

Supplemental schedule of reinsurance premiums for insurance companies table

Reinsurance transactions reflected in the accompanying consolidated statements of comprehensive income were as follows:



	Years Ended December 31,
	2013						2012						2011
	Written			Earned			Written			Earned			Written			Earned
	(in thousands)
Direct premiums	$	680,459		$	645,449		$	575,373		$	507,770		$	416,106		$	369,365
Assumed premiums	9,412			8,305			4,954			4,345			2,406			2,533
Gross premiums	689,871			653,754			580,327			512,115			418,512			371,898
Ceded premiums	(11,405		)	(11,405		)	(10,651		)	(10,651		)	(8,474		)	(8,474		)
Net premiums	$	678,466		$	642,349		$	569,676		$	501,464		$	410,038		$	363,424
Ceded losses and LAE incurred	$	10,732					$	2,544					$	46,327

Notes Payable (Tables)

12 Months Ended

Dec. 31, 2013

Notes Payable [Abstract]

Schedule of long-term debt instruments table

Notes payable is comprised of the following:



	December 31,
	2013		2012
	(in thousands)
Amended Credit Facility, due December 31, 2015 with variable interest, as described below	$	70,000	$	80,000
Dekania Surplus Note, due April 30, 2034 with variable interest of 425 basis points above 90-day LIBOR	10,000		10,000
ICONS Surplus Note, due May 26, 2034 with variable interest of 425 basis points above 90-day LIBOR	12,000		12,000
Alesco Surplus Note, due December 15, 2034 with variable interest of 405 basis points above 90-day LIBOR	10,000		10,000
Balance	$	102,000	$	112,000

Schedule of maturities of long-term debt table

Principal payment obligations on notes payable outstanding at December 31, 2013, were as follows:



Year	Principal Due
	(in thousands)
2014	$	10,000
2015	60,000
2016	—
2017	—
2018	—
Thereafter	32,000
Total	$	102,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Operating and capital leases schedule of future minimum lease payments table

The future lease payments for the next five years on these non-cancelable operating and capital leases at December 31, 2013, were as follows:



Year	Operating Leases		Capital Leases
	(in thousands)
2014	$	6,044	$	1,518
2015	4,704		689
2016	3,308		314
2017	1,969		314
2018	616		180
Total	$	16,641	$	3,015

Schedule of capital leased asssets table

Property held under capital leases is included in property and equipment as follows:



Asset Class	2013			2012
	(in thousands)
Furniture and equipment	$	—		$	100
Computers and software	3,295			2,904
Automobiles	1,208			1,369
	4,503			4,373
Accumulated amortization	(1,681		)	(1,758		)
Total	$	2,822		$	2,615

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Stock-Based Compensation [Abstract]

Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by plan table

Net stock-based compensation expense recognized in the accompanying consolidated statements of comprehensive income was as follows:



	Years Ended December 31,
	2013		2012		2011
Stock-based compensation expense related to:	(in thousands)
Nonqualified stock options	$	1,715	$	1,958	$	1,648
RSUs	2,276		2,435		2,094
PSUs	1,631		1,748		—
Total	5,622		6,141		3,742
Less: related tax benefit	1,968		1,972		1,220
Net stock-based compensation expense	$	3,654	$	4,169	$	2,522

Schedule of share-based payment award, stock options, valuation assumptions table

The fair value of the stock options granted during the years ended December 31, 2013, 2012, and 2011 were calculated using the following weighted average assumptions:



	2013		2012		2011
Expected volatility	40.1	%	42.7	%	43.6	%
Expected life (in years)	4.8		4.8		4.8
Dividend yield	1.1	%	1.4	%	1.2	%
Risk-free interest rate	0.8	%	1.1	%	1.9	%
Weighted average grant date fair values of options granted	$7.04		$5.64		$7.01

Schedule of share-based compensation arrangement by share-based payment award, options, vested and expected to vest, outstanding table

Changes in outstanding stock options for the year ended December 31, 2013 were as follows:



	Number of Options		Weighted-Average Exercise Price		Weighted Average Remaining Contractual Life
Options outstanding at December 31, 2010	1,763,103		$	16.14	4.8 years
Granted	355,063		19.81		6.2 years
Exercised	(92,646	)	16.53
Expired	(49,445	)	17.32
Forfeited	(187,369	)	15.36
Options outstanding at December 31, 2011	1,788,706		16.90		4.3 years
Granted	242,300		17.02		6.2 years
Exercised	(101,261	)	14.13
Expired	(98,973	)	18.78
Options outstanding at December 31, 2012	1,830,772		16.97		3.7 years
Granted	162,800		22.24		6.2 years
Exercised	(411,295	)	17.89
Expired	(6,900	)	17.00
Forfeited	(28,479	)	18.90
Options outstanding at December 31, 2013	1,546,898		17.24		3.4 years
Exercisable at December 31, 2013	983,441		16.22		2.6 years

Schedule of fair value of options vested and instrinsic value of outstanding and exercisable options table

The fair value of options vested and the intrinsic value of outstanding and exercisable options as of December 31, were as follows:



	2013		2012		2011
	(in thousands)
Fair value of options vested	$	1,809	$	1,948	$	1,929
Intrinsic value of outstanding options	22,288		6,616		3,332
Intrinsic value of exercisable options	15,173		3,918		1,508

Schedule of share-based compensation, restricted stock and restricted stock units activity

Changes in outstanding RSUs for the year ended December 31, 2013 were as follows:



	Number of RSUs		Weighted Average Grant Date Fair Value
RSUs outstanding at December 31, 2010	428,515		$	14.98
Granted	157,570		19.12
Forfeited	(62,618	)	15.29
Vested	(105,278	)	15.25
RSUs outstanding at December 31, 2011	418,189		16.42
Granted	117,065		17.15
Vested	(128,992	)	16.36
RSUs outstanding at December 31, 2012	406,262		16.65
Granted	84,215		23.57
Forfeited	(10,924	)	18.85
Vested	(121,207	)	15.97
RSUs outstanding at December 31, 2013	358,346		18.44
Vested but unsettled RSUs at December 31, 2013	94,074		16.05

Schedule of fair value of RSUs vested and instrinsic value of outstanding and vested RSUs table

The grant date fair value of RSUs vested and the intrinsic value of vested RSUs for the years ended December 31, were as follows:



	2013		2012		2011
	(in thousands)
Grant date fair value of RSUs vested	$	1,936	$	2,110	$	1,605
Intrinsic value of vested RSUs	2,872		2,235		1,865

PSUs awarded to certain officers table

The Company awarded PSUs to certain officers of the Company as follows:



Date of Grant	Target Number Awarded	Fair Value on Date of Grant		Aggregate Fair Value on Date of Grant
				(in thousands)
March 2012⁽¹⁾	158,900	$	17.02	$	2,704
March 2013⁽¹⁾	147,440	22.24		3,279


(1)	The PSUs have a performance period of three years and are subject to certain performance goals, based on the Company's statutory combined ratio, with payouts that range from 0% to 200% of the target awards.

Statutory Matters (Tables)

12 Months Ended

Dec. 31, 2013

Stat Matters [Abstract]

Statutory accounting practices disclosure table



	December 31,
	2013		2012
	(in thousands)
Capital stock and unassigned surplus	$	373,994	$	334,800
Paid in capital	174,900		134,900
Surplus notes	32,000		32,000
Total statutory surplus	$	580,894	$	501,700

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References+ Details

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net income and weighted average common shares outstanding used in earnings per share calculations table

The following table presents the net income and the weighted average shares outstanding used in the earnings per share calculations.



	Years Ended December 31,
	2013		2012		2011
	(in thousands, except share data)
Net income available to stockholders–basic and diluted	$	63,824	$	106,891	$	48,623
Weighted average number of shares outstanding–basic	31,142,534		31,476,056		37,284,425
Effect of dilutive securities:
Nonqualified stock options	464,334		104,837		74,430
PSUs	177,040		—		—
RSUs	154,259		141,164		150,232
Dilutive potential shares	795,633		246,001		224,662
Weighted average number of shares outstanding–diluted	31,938,167		31,722,057		37,509,087

Antidilutive securities excluded from computation of earnings per share table

The following table presents options, PSUs and RSUs that were excluded from diluted earnings per share.



	Years Ended December 31,
	2013	2012	2011
Options excluded as the exercise price was greater than the average market price	—	900,180	1,095,920
Options, PSUs and RSUs excluded under the treasury method, as the potential proceeds on settlement or exercise was greater than the value of shares acquired	162,800	401,200	505,635

Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2013

Selecled Quarterly Financial Data (Unaudited) [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

Quarterly results for the years ended December 31, 2013 and 2012 were as follows:



	2013 Quarters Ended
	March 31			June 30		September 30			December 31
	(in thousands, except per share data)
Net premiums earned	$	147,975		$	159,953	$	164,429		$	169,992
Realized gains on investments, net	794			3,866		1,075			3,794
Losses and loss adjustment expenses	108,272			112,638		105,767			136,902
Commission expense	18,393			20,127		19,946			19,792
Underwriting and other operating expenses	31,540			32,249		32,493			29,042
Income tax (benefit) expense	(226		)	1,209		(3,274		)	(8,359		)
Net income	7,490			14,588		27,585			14,161
Earnings per common share:
Basic	0.24			0.47		0.88			0.45
Diluted	0.24			0.46		0.86			0.44



	2012 Quarters Ended
	March 31			June 30			September 30			December 31
	(in thousands, except per share data)
Net premiums earned	$	109,900		$	118,955		$	131,766		$	140,843
Realized gains on investments, net	1,778			945			1,838			487
Losses and loss adjustment expenses	80,518			87,809			96,823			22,760
Commission expense	13,816			16,621			16,681			18,462
Underwriting and other operating expenses	32,989			30,316			30,147			31,192
Income tax (benefit) expense	(4,421		)	(2,309		)	(1,173		)	(1,444		)
Net income	6,340			5,016			7,766			87,769
Earnings per common share:
Basic	0.19			0.16			0.25			2.85
Diluted	0.19			0.16			0.25			2.82

Schedule II. Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2013

Notes to Condensed Financial Statments [Abstract]

Investments classified by contractual maturity date table



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	147,157	$	149,369
Due after one year through five years	777,480		812,822
Due after five years through ten years	655,280		676,124
Due after ten years	162,281		169,176
Mortgage and asset-backed securities	373,866		375,055
Total	$	2,116,064	$	2,182,546



	Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	23,335	$	23,822
Due after one year through five years	61,030		64,989
Due after five years through ten years	10,599		11,014
Due after 10 years	13,926		14,327
Total	$	108,890	$	114,152

Schedule II - Balance Sheet Parenthetical (Details) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fixed maturity securities, amortized cost	$ 2,205,753	$ 1,950,209
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	54,672,904	54,144,453
Common stock, shares outstanding (in shares)	31,299,930	30,771,479
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, at cost (in shares)	23,372,974	23,372,974
Parent Company [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Equity Securities [Member]
Fixed maturity securities, amortized cost	89,689	81,067
Equity Securities [Member] \| Parent Company [Member]
Fixed maturity securities, amortized cost	42,861	30,678
Debt Securities [Member]
Fixed maturity securities, amortized cost	2,116,064	1,869,142
Debt Securities [Member] \| Parent Company [Member]
Fixed maturity securities, amortized cost	$ 108,890	$ 133,606

Changes in Estimates (Details) (USD $)	3 Months Ended								12 Months Ended			3 Months Ended		12 Months Ended		3 Months Ended			12 Months Ended		9 Months Ended	12 Months Ended
Changes in Estimates (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Change to Contingent Profit Commission [Member]	Dec. 31, 2012 Change to Contingent Profit Commission [Member]	Dec. 31, 2013 Change to Contingent Profit Commission [Member]	Dec. 31, 2012 Change to Contingent Profit Commission [Member]	Dec. 31, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Sep. 30, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2012 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2012 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Sep. 30, 2013 Due to Change in Reserves for Non-Taxable Periods [Member]	Dec. 31, 2013 Due to Change in Reserves for Non-Taxable Periods [Member]	Dec. 31, 2012 Change to Estimate of its Guaranty Fund Assessment Liability [Member]
Change in Accounting Estimate [Line Items]
Unpaid losses and loss adjustment expenses	$ 2,330,491,000				$ 2,231,540,000				$ 2,330,491,000	$ 2,231,540,000	$ 2,272,363,000					$ 27,500,000		$ 100,000,000	$ 27,500,000	$ 100,000,000		$ 27,200,000
Amortization of deferred gain									14,600,000	17,000,000	18,200,000	2,700,000	8,600,000	4,300,000	8,600,000	8,900,000	10,100,000	73,300,000	19,000,000	73,300,000
Net income	14,161,000	27,585,000	14,588,000	7,490,000	87,769,000	7,766,000	5,016,000	6,340,000	63,824,000	106,891,000	48,623,000	2,700,000	8,200,000	4,300,000	8,200,000	8,900,000		73,300,000	19,000,000	73,300,000		7,400,000	1,200,000
EPS, basic	$ 0.45	$ 0.88	$ 0.47	$ 0.24	$ 2.85	$ 0.25	$ 0.16	$ 0.19	$ 2.05	$ 3.40	$ 1.30	$ 0.09	$ 0.27					$ 2.38	$ 0.61	$ 2.33		$ 0.24
EPS, diluted	$ 0.44	$ 0.86	$ 0.46	$ 0.24	$ 2.82	$ 0.25	$ 0.16	$ 0.19	$ 2.00	$ 3.37	$ 1.30	$ 0.08	$ 0.26					$ 2.36	$ 0.59	$ 2.31		$ 0.23
Commission expense	19,792,000	19,946,000	20,127,000	18,393,000	18,462,000	16,681,000	16,621,000	13,816,000	78,258,000	65,580,000	47,344,000
Accrued bonuses													600,000		600,000
Income tax benefit	(8,359,000)	(3,274,000)	1,209,000	(226,000)	(1,444,000)	(1,173,000)	(2,309,000)	(4,421,000)	(10,650,000)	(9,347,000)	(2,106,000)				(200,000)								200,000
EPS, basic and diluted														$ 0.14	$ 0.26	$ 0.28							$ 0.04
Other liabilities	25,191,000				21,879,000				25,191,000	21,879,000													2,900,000
Other assets	17,920,000				12,937,000				17,920,000	12,937,000													700,000
Deferred policy acquisition costs	43,532,000				38,852,000				43,532,000	38,852,000	37,524,000												800,000
Underwriting and other operating expenses	$ 29,042,000	$ 32,493,000	$ 32,249,000	$ 31,540,000	$ 31,192,000	$ 30,147,000	$ 30,316,000	$ 32,989,000	$ 125,324,000	$ 124,644,000	$ 104,140,000												$ 1,400,000
Effective Income Tax Rate Reconciliation, Percent																					10.00%	13.90%

Summary of Significant Accounting Policies Reinsurance Funds Held (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Reinsurance [Line Items]
Restricted cash and cash equivalents	$ 6,564,000	$ 5,353,000
Funds Held in Trust, Reinsurance Agreement [Domain]
Reinsurance [Line Items]
Funds held by or deposited with reinsureds	28,200,000	30,800,000
Restricted cash and cash equivalents	$ 3,500,000	$ 2,500,000

Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Premiums receivable from policyholders for final audit	$ 40,800,000	$ 19,600,000
Write-offs, net of recoveries of amounts previously written off	2,500,000	1,900,000	2,200,000
Deferred policy acquisition cost, amortization expense	96,903,000	85,926,000	74,500,000
Reinsurance quota share, percentage	100.00%
Unpaid losses	742,666,000	805,386,000
LPT actual amounts paid versus expected amounts, period	every five years
LPT actual amounts paid versus expected amounts, expiration period	first twenty-five years
LPT favorable/ unfavorable difference, percentage	30.00%
LPT - loss expense as a percentange of losses paid, for management of LPT claims	7.00%
Collateralized by cash or letter of credit	5,800,000
LPT collateral held in trust account	1,300,000,000
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, gross carrying amount	17,100,000	17,100,000
Intangible assets, accumulated amortization	(7,415,000)	(6,542,000)
Intangible assets, net	9,685,000	10,558,000
Amortization of intangible assets	900,000	1,200,000	1,600,000
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future amortization expense, year one	651,000
Future amortization expense, year two	489,000
Future amortization expense, year three	371,000
Future amortization expense, year four	285,000
Future amortization expense, year five	189,000
Intangible assets, future amortization total	1,985,000
Licensing Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, gross carrying amount	7,700,000	7,700,000
Intangible assets, net	7,700,000	7,700,000
Service Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible assets, gross carrying amount	9,400,000	9,400,000
Intangible assets, accumulated amortization	(7,415,000)	(6,542,000)
Intangible assets, net	$ 1,985,000	$ 2,858,000
Leasehold Improvements [Member]
Finite-Lived Intangible Assets, Amortization Method	amortized over three to five years
Electronic Data Processing Equipment, Software, Furniture and Equipment and Automobiles [Member]
Finite-Lived Intangible Assets, Amortization Method	straight-line method over three to seven years

New Accounting Standards Guidance change for deferred policy acqusition costs (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition cost, amortization expense									$ 96,903,000	$ 85,926,000	$ 74,500,000
Underwriting and other operating expenses	29,042,000	32,493,000	32,249,000	31,540,000	31,192,000	30,147,000	30,316,000	32,989,000	125,324,000	124,644,000	104,140,000
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition costs, capitalized										87,200,000
Increase (decrease) in deferred policy acquisition costs, capitialized										15,300,000
Increase (decrease) in deferred policy acquisition costs, amortization expense										8,200,000
Underwriting and other operating expenses					600,000	1,300,000	2,200,000	3,000,000		7,100,000
Previous Accounting Guidance [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred policy acquisition costs, capitalized										$ 102,500,000

- Definition

Amount of expense related to deferred policy acquisition costs.

+ References+ Details

Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 2,344,858	$ 2,149,514
Cash and cash equivalents	34,503	140,661	252,300	119,825
Restricted cash and cash equivalents	6,564	5,353
Notes payable	102,000	112,000
Investments, fair value	2,344,858	2,149,514
Cash and cash equivalents, estimated fair value	34,503	140,661
Notes payable, fair value	105,540	118,207
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash and cash equivalents	6,564	5,353
As Restated
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable		$ 112,000

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References+ Details

Fair Value of Financial Instruments, Fair Value Inputs (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 2,344,858	$ 2,149,514
Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,182,546	2,024,428
Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,182,546	2,024,428
Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	170,897	152,490
US Treasury Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US Treasury Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	170,897	152,490
US Treasury Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	68,118	93,967
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	68,118	93,967
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	735,180	758,516
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	735,180	758,516
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	833,296	676,243
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	833,296	676,243
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Residential Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	258,431	252,852
Residential Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Residential Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	258,431	252,852
Residential Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Commercial Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	65,110	56,120
Commercial Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Commercial Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	65,110	56,120
Commercial Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	51,514	34,240
Asset-backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Asset-backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	51,514	34,240
Asset-backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	162,312	125,086
Equity Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	162,312	125,086
Equity Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Equity Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 0	$ 0

Investments (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013 Debt Securities [Member]	Dec. 31, 2012 Debt Securities [Member]	Dec. 31, 2013 US Treasury Securities [Member]	Dec. 31, 2012 US Treasury Securities [Member]	Dec. 31, 2013 US Government Agencies Debt Securities [Member]	Dec. 31, 2012 US Government Agencies Debt Securities [Member]	Dec. 31, 2013 US States and Political Subdivisions Debt Securities [Member]	Dec. 31, 2012 US States and Political Subdivisions Debt Securities [Member]	Dec. 31, 2013 Corporate Debt Securities [Member]	Dec. 31, 2012 Corporate Debt Securities [Member]	Dec. 31, 2013 Asset-backed Securities [Member]	Dec. 31, 2012 Asset-backed Securities [Member]	Dec. 31, 2013 Residential Mortgage Backed Securities [Member]	Dec. 31, 2012 Residential Mortgage Backed Securities [Member]	Dec. 31, 2013 Commercial Mortgage Backed Securities [Member]	Dec. 31, 2012 Commercial Mortgage Backed Securities [Member]	Dec. 31, 2013 Equity Securities [Member]	Dec. 31, 2012 Equity Securities [Member]	Dec. 31, 2012 Portion at Fair Value Measurement [Member]	Dec. 31, 2011 Portion at Fair Value Measurement [Member]	Dec. 31, 2012 Portion at Fair Value Measurement [Member] Debt Securities [Member]	Dec. 31, 2011 Portion at Fair Value Measurement [Member] Debt Securities [Member]	Dec. 31, 2013 Portion at Fair Value Measurement [Member] Fixed Maturities and Restricted Cash Equivalents [Member]	Dec. 31, 2011 Portion at Fair Value Measurement [Member] Fixed Maturities and Restricted Cash Equivalents [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 2,205,753	$ 1,950,209	$ 2,116,064	$ 1,869,142	$ 163,951	$ 138,839	$ 64,985	$ 88,202	$ 698,979	$ 689,776	$ 814,283	$ 627,047	$ 51,613	$ 34,062	$ 255,187	$ 236,461	$ 67,066	$ 54,755	$ 89,689	$ 81,067
Gross unrealized gains	160,669	201,125	87,825	155,726	7,073	13,651	3,137	5,765	40,595	68,740	28,671	49,461	54	211	7,979	16,488	316	1,410	72,844	45,399
Gross unrealized losses	(21,564)	(1,820)	(21,343)	(440)	(127)	0	(4)	0	(4,394)	0	(9,658)	(265)	(153)	(33)	(4,735)	(97)	(2,272)	(45)	(221)	(1,380)
Investments	2,344,858	2,149,514	2,182,546	2,024,428	170,897	152,490	68,118	93,967	735,180	758,516	833,296	676,243	51,514	34,240	258,431	252,852	65,110	56,120	162,312	125,086	32,200	35,000	602,400	530,600	95,100	110,400
Deposit Assets
Investments	2,344,858	2,149,514	2,182,546	2,024,428	170,897	152,490	68,118	93,967	735,180	758,516	833,296	676,243	51,514	34,240	258,431	252,852	65,110	56,120	162,312	125,086	32,200	35,000	602,400	530,600	95,100	110,400
Assets Held-in-trust
Investments	$ 2,344,858	$ 2,149,514	$ 2,182,546	$ 2,024,428	$ 170,897	$ 152,490	$ 68,118	$ 93,967	$ 735,180	$ 758,516	$ 833,296	$ 676,243	$ 51,514	$ 34,240	$ 258,431	$ 252,852	$ 65,110	$ 56,120	$ 162,312	$ 125,086	$ 32,200	$ 35,000	$ 602,400	$ 530,600	$ 95,100	$ 110,400

Investments, Amortized Cost and Estimated Fair Value (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Amortized Cost
Due in one year or less, amortized cost	$ 147,157
Due after one year through five years, amortized cost	777,480
Due after five years through ten years, amortized cost	655,280
Due after ten years, amortized cost	162,281
Mortgage and asset-backed securities, amortized cost	373,866
Total, amortized cost	2,116,064
Estimated Fair Value
Due in one year or less, fair value	149,369
Due after one year through five years, fair value	812,822
Due after five years through ten years, fair value	676,124
Due after ten years, fair value	169,176
Mortgage and asset-backed securities, fair value	375,055
Total, fair value	$ 2,182,546	$ 2,024,428

Investments, Continuous Loss Position (Details) (USD $)	3 Months Ended		12 Months Ended
Investments, Continuous Loss Position (Details) (USD $)	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Estimated Fair Value
Estimated fair value, less than 12 months			$ 675,875,000	$ 89,758,000
Estimated fair value, 12 months or greater			30,348,000	2,797,000
Estimated fair value, total			706,223,000	92,555,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(19,863,000)	(1,578,000)
Gross unrealized losses, 12 months or greater			(1,701,000)	(242,000)
Estimated unrealized losses, total			(21,564,000)	(1,820,000)
Number of issues in loss position, less than 12 months			251	62
Number of issues in loss position, 12 months or greater			21	21
Number of issues in loss position, aggregate			272	83
Total impairments, value	100,000	700,000
Total impairments, number of securitites			1	11
Debt Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			669,735,000	78,113,000
Estimated fair value, 12 months or greater			30,045,000	2,341,000
Estimated fair value, total			699,780,000	80,454,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(19,655,000)	(371,000)
Gross unrealized losses, 12 months or greater			(1,688,000)	(69,000)
Estimated unrealized losses, total			(21,343,000)	(440,000)
Number of issues in loss position, less than 12 months			234	27
Number of issues in loss position, 12 months or greater			20	17
Number of issues in loss position, aggregate			254	44
US Treasury Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			22,242,000	0
Estimated fair value, total			22,242,000	0
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(127,000)	0
Estimated unrealized losses, total			(127,000)	0
Number of issues in loss position, less than 12 months			7	0
Number of issues in loss position, aggregate			7	0
US Government Agencies Debt Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			1,631,000	0
Estimated fair value, total			1,631,000	0
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(4,000)	0
Estimated unrealized losses, total			(4,000)	0
Number of issues in loss position, less than 12 months			1	0
Number of issues in loss position, aggregate			1	0
US States and Political Subdivisions Debt Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			127,965,000	0
Estimated fair value, total			127,965,000	0
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(4,394,000)	0
Estimated unrealized losses, total			(4,394,000)	0
Number of issues in loss position, less than 12 months			34	0
Number of issues in loss position, aggregate			34	0
Corporate Debt Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			326,608,000	36,338,000
Estimated fair value, 12 months or greater			6,174,000	0
Estimated fair value, total			332,782,000	36,338,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(9,536,000)	(265,000)
Gross unrealized losses, 12 months or greater			(122,000)	0
Estimated unrealized losses, total			(9,658,000)	(265,000)
Number of issues in loss position, less than 12 months			112	12
Number of issues in loss position, 12 months or greater			3	0
Number of issues in loss position, aggregate			115	12
Residential Mortgage Backed Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			129,586,000	14,629,000
Estimated fair value, 12 months or greater			5,609,000	2,341,000
Estimated fair value, total			135,195,000	16,970,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(4,170,000)	(28,000)
Gross unrealized losses, 12 months or greater			(565,000)	(69,000)
Estimated unrealized losses, total			(4,735,000)	(97,000)
Number of issues in loss position, less than 12 months			58	6
Number of issues in loss position, 12 months or greater			11	17
Number of issues in loss position, aggregate			69	23
Commercial Mortgage Backed Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			35,878,000	10,432,000
Estimated fair value, 12 months or greater			9,324,000	0
Estimated fair value, total			45,202,000	10,432,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(1,372,000)	(45,000)
Gross unrealized losses, 12 months or greater			(900,000)	0
Estimated unrealized losses, total			(2,272,000)	(45,000)
Number of issues in loss position, less than 12 months			9	4
Number of issues in loss position, 12 months or greater			3	0
Number of issues in loss position, aggregate			12	4
Asset-backed Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			25,825,000	16,714,000
Estimated fair value, 12 months or greater			8,938,000	0
Estimated fair value, total			34,763,000	16,714,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(52,000)	(33,000)
Gross unrealized losses, 12 months or greater			(101,000)	0
Estimated unrealized losses, total			(153,000)	(33,000)
Number of issues in loss position, less than 12 months			13	5
Number of issues in loss position, 12 months or greater			3	0
Number of issues in loss position, aggregate			16	5
Equity Securities [Member]
Estimated Fair Value
Estimated fair value, less than 12 months			6,140,000	11,645,000
Estimated fair value, 12 months or greater			303,000	456,000
Estimated fair value, total			6,443,000	12,101,000
Gross Unrealized Losses
Gross unrealized losses, less than 12 months			(208,000)	(1,207,000)
Gross unrealized losses, 12 months or greater			(13,000)	(173,000)
Estimated unrealized losses, total			$ (221,000)	$ (1,380,000)
Number of issues in loss position, less than 12 months			17	35
Number of issues in loss position, 12 months or greater			1	4
Number of issues in loss position, aggregate			18	39

Investments, Net Realized Gains (Losses) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net realized gains (losses)
Realized gains on investments, net	$ 9,529	$ 5,048	$ 20,161
Change in unrealized gains (losses)
Change in unrealized gains (losses) on fixed maturity and equity securities	(60,200)	19,738	50,132
Debt Securities [Member]
Net realized gains (losses)
Gross gains from sales	761	3,779	19,463
Gross losses from sales	(7)	(5)	(148)
Realized gains on investments, net	754	3,774	19,315
Change in unrealized gains (losses)
Change in unrealized gains (losses) on fixed maturity and equity securities	(88,803)	8,803	47,897
Equity Securities [Member]
Net realized gains (losses)
Gross gains from sales	9,093	2,156	1,169
Gross losses from sales	(318)	(882)	(323)
Realized gains on investments, net	8,775	1,274	846
Change in unrealized gains (losses)
Change in unrealized gains (losses) on fixed maturity and equity securities	$ 28,603	$ 10,935	$ 2,235

Net Investment Income (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income	$ 73,369	$ 74,892	$ 82,525
Investment expenses	(2,605)	(2,529)	(2,408)
Net investment income	70,764	72,363	80,117
Debt Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income related to fixed maturity securities and short-term investments and cash equivalents	69,458	71,293	80,361
Equity Securities [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income related to equity securities	3,812	3,248	1,885
Short-term Investments [Member]
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income related to fixed maturity securities and short-term investments and cash equivalents	$ 99	$ 351	$ 279

Property and Equipment Property and Equipment breakout (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and Equipment [Line Items]
Property and equipment, gross	$ 46,689,000	$ 42,051,000
Accumulated depreciation, depletion and amortization, property and equipment	30,073,000	27,371,000
Property and equipment, net	16,616,000	14,680,000
Utilities operating expense, depreciation and amortization	5,200,000	4,400,000	4,800,000
Payments to develop software	800,000	900,000
Office Equipment [Member]
Property and Equipment [Line Items]
Property and equipment, gross	2,896,000	2,896,000
Leasehold Improvements [Member]
Property and Equipment [Line Items]
Property and equipment, gross	4,439,000	4,309,000
Computer Equipment [Member]
Property and Equipment [Line Items]
Property and equipment, gross	38,146,000	33,477,000
Automobiles [Member]
Property and Equipment [Line Items]
Property and equipment, gross	$ 1,208,000	$ 1,369,000

Income Taxes (Details) (USD $)	3 Months Ended								12 Months Ended
Income Taxes (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current federal tax expense (benefit)									$ 89,000	$ 1,964,000	$ (652,000)
Current state and local tax expense (benefit)									22,000	(312,000)	154,000
Current income tax expense (benefit)									111,000	1,652,000	(498,000)
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Deferred income tax benefit									(10,761,000)	(10,999,000)	(1,608,000)
Income tax benefit	(8,359,000)	(3,274,000)	1,209,000	(226,000)	(1,444,000)	(1,173,000)	(2,309,000)	(4,421,000)	(10,650,000)	(9,347,000)	(2,106,000)
Statutory federal tax rate									35.00%
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Expense computed at statutory rate									18,611,000	34,140,000	16,281,000
Dividends received deduction and tax-exempt interest									(9,033,000)	(9,304,000)	(11,409,000)
Pre-privatization reserve adjustment									(7,400,000)	0	(1,602,000)
LPT deferred gain amortization									(6,632,000)	(9,305,000)	(6,755,000)
LPT reserve adjustment									(6,645,000)	(25,672,000)	0
Income tax reconciliation, other									449,000	794,000	1,379,000
Downward adjustment of pre-privatization unpaid loss reserve									27,500,000		4,600,000
Net income	14,161,000	27,585,000	14,588,000	7,490,000	87,769,000	7,766,000	5,016,000	6,340,000	63,824,000	106,891,000	48,623,000
Deferred Tax Liabilities [Abstract]
Unrealized capital gains, net	48,687,000				69,756,000				48,687,000	69,756,000
Deferred policy acquisition cost	15,323,000				13,692,000				15,323,000	13,692,000
Intangible assets	3,390,000				3,695,000				3,390,000	3,695,000
Other deferred tax liabilities	5,803,000				3,588,000				5,803,000	3,588,000
Total deferred tax liabilities	73,203,000				90,731,000				73,203,000	90,731,000
Deferred Tax Assets [Abstract]
Loss reserves discounting for tax reporting	57,945,000				57,722,000				57,945,000	57,722,000
Unearned premiums	20,639,000				18,119,000				20,639,000	18,119,000
Allowance for bad debt	2,608,000				2,085,000				2,608,000	2,085,000
Stock based compensation	4,603,000				4,339,000				4,603,000	4,339,000
Accrued liabilities	8,292,000				5,095,000				8,292,000	5,095,000
Minimum tax credit	13,177,000				13,090,000				13,177,000	13,090,000
Net operating loss carry forward	22,832,000				15,111,000				22,832,000	15,111,000
Other deferred tax assets	1,169,000				1,401,000				1,169,000	1,401,000
Total deferred tax assets	131,265,000				116,962,000				131,265,000	116,962,000
Deferred income taxes, net	58,062,000				26,231,000				58,062,000	26,231,000
Operating loss carryforwards	65,200,000								65,200,000
Amortization of deferred gain									14,600,000	17,000,000	18,200,000
Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Net income	8,900,000				73,300,000				19,000,000	73,300,000
Deferred Tax Assets [Abstract]
Amortization of deferred gain	8,900,000	10,100,000			73,300,000				19,000,000	73,300,000
Change to Contingent Profit Commission [Member]
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income tax benefit										(200,000)
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Net income	2,700,000				8,200,000				4,300,000	8,200,000
Deferred Tax Assets [Abstract]
Amortization of deferred gain	$ 2,700,000				$ 8,600,000				$ 4,300,000	$ 8,600,000

Liability for Unpaid Losses and Loss Adjustment Expenses (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Unpaid losses and LAE, gross of reinsurance, at beginning of period	$ 2,231,540,000	$ 2,272,363,000	$ 2,279,729,000
Loss reinsurance recoverable, excluding bad debt, on unpaid losses	805,386,000	940,840,000	956,043,000
Net unpaid losses and LAE at beginning of period	1,426,154,000	1,331,523,000	1,323,686,000
Losses and LAE, net of reinsurance, incurred in:
Current year	494,579,000	386,044,000	280,683,000
Prior years	6,934,000	1,800,000	1,127,000
Total net losses and LAE incurred during the period	501,513,000	387,844,000	281,810,000
Deduct payments for losses and LAE, net of reinsurance, related to:
Current year	78,523,000	67,672,000	55,405,000
Prior years	261,708,000	225,541,000	218,568,000
Total net payments for losses and LAE during the period	340,231,000	293,213,000	273,973,000
Ending unpaid losses and LAE, net of reinsurance	1,587,436,000	1,426,154,000	1,331,523,000
Loss reinsurance recoverable, excluding bad debt, on unpaid losses	743,055,000	805,386,000	940,840,000
Unpaid losses and LAE, gross of reinsurance, at end of period	2,330,491,000	2,231,540,000	2,272,363,000
Salvage and subrogation recoveries, value	22,900,000	21,000,000
Losses and LAE actual paid were more than expected
Losses and LAE, net of reinsurance, incurred in:
Prior years	5,000,000
Related to involuntary assigned risk business
Losses and LAE, net of reinsurance, incurred in:
Prior years	$ 1,900,000

Reinsurance Reinsurance Premium Note (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Premiums Written, Net
Direct premiums, written	$ 680,459	$ 575,373	$ 416,106
Assumed premiums written	9,412	4,954	2,406
Gross premiums, written	689,871	580,327	418,512
Ceded premiums written	(11,405)	(10,651)	(8,474)
Premiums written, net	678,466	569,676	410,038
Premiums Earned, Net
Direct premiums earned	645,449	507,770	369,365
Assumed premiums earned	8,305	4,345	2,533
Gross premiums, earned	653,754	512,115	371,898
Ceded premiums earned	(11,405)	(10,651)	(8,474)
Premiums earned, net	642,349	501,464	363,424
Ceded losses and LAE incurred	$ 10,732	$ 2,544	$ 46,327

Reinsurance Excess of Loss (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013
Excess of Loss [Abstract]
Minimum reinsurance for losses from single occurence or event	$ 5.0
Maximum reinsurance for losses from single occurence or event	200.0
Annual aggregate deductible	$ 2.0

Reinsurance LPT Agreement (Details) (USD $)	3 Months Ended								12 Months Ended
Reinsurance LPT Agreement (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reinsurance Agreement [Line Items]
Unpaid losses	$ 742,666,000				$ 805,386,000				$ 742,666,000	$ 805,386,000
Recoverables was related to the LPT agreement	600,000,000				700,000,000				600,000,000	700,000,000
Reinsurance quota share, percentage									100.00%
Ceded premiums written									11,405,000	10,651,000	8,474,000
Coverage provided under LPT agreement	2,000,000,000								2,000,000,000
Paid losses and LAE claims related to LPT	600,000,000								600,000,000
Amortization of deferred gain									14,600,000	17,000,000	18,200,000
Net income	14,161,000	27,585,000	14,588,000	7,490,000	87,769,000	7,766,000	5,016,000	6,340,000	63,824,000	106,891,000	48,623,000
LPT Agreement [Member]
Reinsurance Agreement [Line Items]
Liabilities for the incurred but unpaid losses and LAE related to claims prior to July 1, 1995	1,500,000,000								1,500,000,000
Ceded premiums written									775,000,000
Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]
Reinsurance Agreement [Line Items]
Amortization of deferred gain	8,900,000	10,100,000			73,300,000				19,000,000	73,300,000
Net income	$ 8,900,000				$ 73,300,000				$ 19,000,000	$ 73,300,000

Notes Payable Outstanding (Details) (USD $)	12 Months Ended
Notes Payable Outstanding (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2014	Dec. 31, 2010
Debt Instrument [Line Items]
Notes payable	$ 102,000,000	$ 112,000,000
Line of credit, percentage above prime rate	1.75%
Line of credit, percentage above LIBOR rate	1.75%
Line of credit facility, decrease, repayments	10,000,000
Cash paid for interest	3,052,000	3,375,000	3,561,000
Line of Credit [Member]
Debt Instrument [Line Items]
Notes payable	70,000,000	80,000,000	90,000,000	60,000,000	100,000,000
Cash paid for interest	1,600,000	1,900,000	2,000,000
Dekania Surplus Note [Member]
Debt Instrument [Line Items]
Notes payable	10,000,000	10,000,000
Notes payable, maturity date		Apr. 30, 2034
Notes payable, callable	second quarter of 2009
Interest rate, basis points in excess of the 90-day LIBOR	425
Cash paid for interest	500,000	500,000	500,000
Accrued interest	100,000	100,000
ICONS Surpuls Note [Member]
Debt Instrument [Line Items]
Notes payable	12,000,000	12,000,000
Notes payable, maturity date	May 26, 2034
Notes payable, callable	second quarter of 2009
Interest rate, basis points in excess of the 90-day LIBOR	425
Cash paid for interest	600,000	600,000	600,000
Accrued interest	100,000	100,000
Alesco Surplus Note [Member]
Debt Instrument [Line Items]
Notes payable	10,000,000	10,000,000
Notes payable, maturity date		Dec. 15, 2034
Notes payable, callable	fourth quarter of 2009
Interest rate, basis points in excess of the 90-day LIBOR	405
Cash paid for interest	300,000	500,000	400,000
Accrued interest	100,000	100,000
As Restated
Debt Instrument [Line Items]
Notes payable		$ 112,000,000

Notes Payable Principal payment obligations on notes payable outstanding (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Capitalization, Long-term Debt [Line Items]
Repayments of principal in next twelve months	$ 10,000
Repayments of principal in year two	60,000
Repayments of principal in year three	0
Repayments of principal in year four	0
Repayments of principal in year five	0
Repayments of principal after year five	32,000
Notes payable	$ 102,000	$ 112,000

Commitments and Contingencies Future Lease Payments (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and Contingencies [Abstract]
Remaining lease terms expire over the next	5 years
Future lease payments for non-cancelable operating and capital leases, in years	5 years
Operating Leases, Future Minimum Payments Due [Abstract]
Operating leases, future minimum payments due, current	$ 6,044,000
Operating leases, future minimum payments, due in two years	4,704,000
Operating leases, future minimum payments, due in three years	3,308,000
Operating leases, future minimum payments, due in four years	1,969,000
Operating leases, future minimum payments, due in five years	616,000
Operating leases, future minimum payments due	16,641,000
Capital Leases, Future Minimum Payments Due [Abstract]
Capital leases, future minimum payments due, current	1,518,000
Capital leases, future minimum payments due in two years	689,000
Capital leases, future minimum payments due in three years	314,000
Capital leases, future minimum payments due in four years	314,000
Capital leases, future minimum payments due in five years	180,000
Capital leases, future minimum payments due	3,015,000
Future interest charges included in capital lease payments	400,000
Facilities rent expense	$ 5,000,000	$ 5,200,000	$ 5,100,000

Commitments and Contingencies Property held under capital leases is included in property and equipment (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Property held under capital leases
Accumulated depreciation, depletion and amortization, property and equipment	$ (30,073)	$ (27,371)
Furniture and equipment
Property held under capital leases
Property held under captial leases	0	100
Computers and software
Property held under capital leases
Property held under captial leases	3,295	2,904
Automobiles [Member]
Property held under capital leases
Property held under captial leases	1,208	1,369
Assets Held under Capital Leases [Member]
Property held under capital leases
Property held under captial leases	4,503	4,373
Accumulated depreciation, depletion and amortization, property and equipment	(1,681)	(1,758)
Total property held under capital leases	$ 2,822	$ 2,615

Commitments and Contingencies Contingencies Surrounding Insurance Assessments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Loss Contingencies [Line Items]
Amount of Insurance-related assessment liability	$ 13.1	$ 8.5
Payment period for assessment liability based on individual states regulations	one to eighty year periods
Other assets, prepaid policy surcharges	$ 5.1	$ 1.7
Expected realization period for assets related to policy surcharges	two to ten year periods

Stockholders' Equity (Details) (USD $)	59 Months Ended
Stockholders' Equity (Details) (USD $)	Dec. 31, 2011
Accelerated Share Repurchases [Line Items]
Stock repurchased during period, shares	23,372,974
Accelerated share repurchases, final price paid per share	$ 15.51

Stock-Based Compensation Expense (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares reserved for grants	7,105,838
Stock-based compensation expense [Abstract]
Stock-based compensation expense	$ 5,622	$ 6,141	$ 3,742
Less: related tax benefit	1,968	1,972	1,220
Net stock-based compensation expense	3,654	4,169	2,522
Stock Option [Member]
Stock-based compensation expense [Abstract]
Stock-based compensation expense	1,715	1,958	1,648
Restricted stock units (RSUs)
Stock-based compensation expense [Abstract]
Stock-based compensation expense	2,276	2,435	2,094
Performance Share Units [Member]
Stock-based compensation expense [Abstract]
Stock-based compensation expense	$ 1,631	$ 1,748	$ 0

Stock-Based Compensation Fair Market Value of Stock Options Granted, Calculated (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Fair Market Value of Stock Options Granted, Calculated [Abstract]
Expected volatility	40.10%	42.70%	43.60%
Expected life (in years)	4 years 274 days	4 years 274 days	4 years 274 days
Dividend yield	1.10%	1.40%	1.20%
Risk free interest rate	0.80%	1.10%	1.90%
Weighted average grant date fair value	$ 7.04	$ 5.64	$ 7.01

Stock-Based Compensation Changes in Outstanding Stock Options (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 7.04	$ 5.64	$ 7.01
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period for options awarded	P7Y
Service vesting period for options awarded	4 years
Vesting rights for options awarded	vest 25% on each of the subsequent four anniversaries of such date
Number of outstanding options or share units	1,546,898	1,830,772	1,788,706	1,763,103
Number of options or share units, granted	162,800	242,300	355,063
Stock-options exercised, shares	(411,295)	(101,261)	(92,646)
Number of options or share units, expired	(6,900)	(98,973)	(49,445)
Number of options or share units, forfeited	(28,479)		(187,369)
Number of exercisable options or share units	983,441
Weighted average exercise price, grants	$ 22.24	$ 17.02	$ 19.81
Weighted average exercise price, exercises	$ 17.89	$ 14.13	$ 16.53
Weighted average exercise price, expirations	$ 17.00	$ 18.78	$ 17.32
Weighted average exercise price, forfeitures	$ 18.90		$ 15.36
Weighted average exercise price, outstanding	$ 17.24	$ 16.97	$ 16.90	$ 16.14
Weighted average exercisable price	$ 16.22
Weighted average remaining contractual life	3 years 164 days	3 years 269 days	4 years 98 days	4 years 298 days
Share-based compensation expense, deferred	$ 2,400,000
Share-based compensation expense, Period for Recognition	39 months
Options vested, fair value	1,809,000	1,948,000	1,929,000
Options outstanding, intrinsic value	22,288,000	6,616,000	3,332,000
Options exercisable, intrinsic value	15,173,000	3,918,000	1,508,000
Options exercised, intrinsic value	3,700,000	500,000	300,000
Stock Options Granted [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual life	6 years 80 days	6 years 76 days	6 years 77 days
Stock Options Exercisable [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual life	2 years 220 days
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service vesting period for options awarded	4 years
Vesting rights for options awarded	vest 25% on each of the subsequent four anniversaries of such date
Number of outstanding options or share units	358,346	406,262	418,189	428,515
Number of options or share units, granted	84,215	117,065	157,570
Number of options or share units, forfeited	(10,924)		(62,618)
Number of vested options or share units	(121,207)	(128,992)	(105,278)
Weighted average exercise price, grants	$ 23.57	$ 17.15	$ 19.12
Weighted average exercise price, forfeitures	$ 18.85		$ 15.29
Weighted average exercise price, vested	$ 15.97	$ 16.36	$ 15.25
Weighted average grant date fair value	$ 18.44	$ 16.65	$ 16.42	$ 14.98
Share-based compensation expense, deferred	3,000,000
Share-based compensation expense, Period for Recognition	39 months
Options vested, fair value	1,936,000	2,110,000	1,605,000
Options outstanding, intrinsic value	11,342,000	8,361,000	7,565,000
Options exercisable, intrinsic value	$ 2,872,000	$ 2,235,000	$ 1,865,000
Restricted Stock Units Vested but Unsettled [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of outstanding options or share units	94,074
Weighted average grant date fair value	$ 16.05

Stock-Based Compensation Performance Share Awards (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2013	Mar. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share awards, minimum payout	0.00%
Performane share awards, maximum payout	200.00%
Performance share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service vesting period for options awarded	3 years
Number of outstanding options or share units		147,440	158,900
Share-based compensation options, exercise price on grant date		$ 22.24	$ 17.02
Fair value of awards awarded on grant date		$ 3,279,000	$ 2,704,000
Share-based compensation expense, deferred	$ 1,700,000
Share-based compensation expense, Period for Recognition	12 months

Statutory Matters Statutory Matters (Details) (USD $)	12 Months Ended							12 Months Ended
Statutory Matters Statutory Matters (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 EICN	Dec. 31, 2014 EICN	Dec. 31, 2014 EPIC	Dec. 31, 2013 EPIC	Dec. 31, 2013 ECIC	Dec. 31, 2013 EAC and EPIC	Dec. 31, 2012 EAC and EPIC
Statutory Accounting Practices [Line Items]
Capital stock and unassigned surplus	$ 373,994,000	$ 334,800,000		$ 324,900,000
Paid in capital	174,900,000	134,900,000
Special surplus funds	0	0
Surplus notes	32,000,000	32,000,000
Total statutory surplus	580,894,000	501,700,000							4,000,000
SAP, net income amount	19,300,000	13,500,000	13,800,000
Total stockholders’ equity	568,703,000	539,381,000
Maximum dividends that may be paid without prior approval					$ 32,700,000	$ 25,400,000
Extraordinary dividends, approves or does not disapprove the payment within				30 days
Percentage of surplus of EICN's statutory surplus as regards to policyholders				10.00%
Percentage of surplus used to calculate the lesser of 10% of surplus or net income, not including realized capital gains, plus a 2-year carry forward.							10.00%
Percentage of surplus used to calculate 10% of surplus, with dividends payable limited to unassigned funds minus 25% of unrealized capital gains							10.00%
Percentage of surplus used to calculate the lesser of 10% of surplus or net investment income plus a 3-year carry forward with dividends payable limited to unassigned funds minus 25% of unrealized capital gains							10.00%
Percentage of unassigned gains used to calculate 10% of surplus, with dividends payable limited to unassigned funds minus 25% of unrealized capital gains							25.00%
Percentage of unassigned gains used to calculate the lesser of 10% of surplus or net investment income plus a 3-year carry forward with dividends payable limited to unassigned funds minus 25% of unrealized capital gains							25.00%
ECIC must initiate discussions of its business plan with the California DOI if its premium to policyholder surplus ratio exceeds								1.5 to 1
ECIC will not exceed a ratio of premium to policyholder surplus of								2 to 1
If at any time ECIC's policyholder surplus decreases to								80.00%
Will maintain a risk based capital (RBC) level of at least	350.00%
Florida statute section 624.408 requires EPIC and EAC to maintain minimum capital and surplus of the greater of $4.0 million or 10% of total liabilities.									10.00%
Used to calculate ratio of written premium to surplus										times 1.25
Net gross premiums to surplus ratio. Florida statute section 624.4095 requires net gross premiums times 1.25 not exceed this ratio.									10-to-1
Net written premiums to surplus ratio. Florida statute section 624.4095 requires net written premiums times 1.25 not exceed this ratio.									4-to-1

Accumulated Other Comprehensive Income, Net (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net unrealized gain on investments, before taxes	$ 139,105	$ 199,305
Deferred tax expense	(48,687)	(69,756)
Total accumulated other comprehensive income, net	$ (90,418)	$ (129,549)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Employee Benefit and Retirement Plans Employee Benefit and Retirement Plans (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Employee Benefit and Retirement Plans [Abstract]
Safe habor matching, 100%	100.00%
Employee contributions, 100% match, percentage	3.00%
Safe harbor matching 50%	50.00%
Employee contributions 50% match, percentage	3.00%
Employee contributions, maximum match, percentage	5.00%
Company's contributions to Employers 401(k)	$ 1.2	$ 1.5	$ 1.5

Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income	$ 14,161	$ 27,585	$ 14,588	$ 7,490	$ 87,769	$ 7,766	$ 5,016	$ 6,340	$ 63,824	$ 106,891	$ 48,623
Weighted average number of shares outstanding - basic									31,142,534	31,476,056	37,284,425
Effect of diluted securities:									795,633	246,001	224,662
Weighted average number of shares outstanding - diluted									31,938,167	31,722,057	37,509,087
Employee Stock Option [Member]
Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Effect of diluted securities:									464,334	104,837	74,430
Restricted stock units (RSUs)
Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Effect of diluted securities:									154,259	141,164	150,232
Performance share units [Member]
Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Effect of diluted securities:									177,040	0	0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

+ Details

Earnings Per Share Antidilutive Securities (Details)	12 Months Ended
Earnings Per Share Antidilutive Securities (Details)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of EPS	0	900,180	1,095,920
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of EPS	162,800	401,200	505,635

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

Selected Quarterly Financial Data Selected Quarterly Financial Data (Details) (USD $)	3 Months Ended								12 Months Ended			3 Months Ended					12 Months Ended		3 Months Ended		12 Months Ended		9 Months Ended	12 Months Ended	3 Months Ended				12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Change to Current Loss Estimate [Member]	Dec. 31, 2013 Change to Prior Accident Year Loss Estimate [Member]	Dec. 31, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Sep. 30, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2012 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2013 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2012 Change Due to Estimated Reserves Ceded Under the LPT Agreement [Member]	Dec. 31, 2013 Change to Contingent Profit Commission [Member]	Dec. 31, 2012 Change to Contingent Profit Commission [Member]	Dec. 31, 2013 Change to Contingent Profit Commission [Member]	Dec. 31, 2012 Change to Contingent Profit Commission [Member]	Sep. 30, 2013 Due to Change in Reserves for Non-Taxable Periods [Member]	Dec. 31, 2013 Due to Change in Reserves for Non-Taxable Periods [Member]	Dec. 31, 2012 Adjustments for New Accounting Pronouncement [Member]	Sep. 30, 2012 Adjustments for New Accounting Pronouncement [Member]	Jun. 30, 2012 Adjustments for New Accounting Pronouncement [Member]	Mar. 31, 2012 Adjustments for New Accounting Pronouncement [Member]	Dec. 31, 2012 Adjustments for New Accounting Pronouncement [Member]
Condensed Financial Statements, Captions [Line Items]
Net premiums earned	$ 169,992,000	$ 164,429,000	$ 159,953,000	$ 147,975,000	$ 140,843,000	$ 131,766,000	$ 118,955,000	$ 109,900,000	$ 642,349,000	$ 501,464,000	$ 363,424,000
Realized gains on investments, net	3,794,000	1,075,000	3,866,000	794,000	487,000	1,838,000	945,000	1,778,000	9,529,000	5,048,000	20,161,000
Losses and loss adjustment expenses	136,902,000	105,767,000	112,638,000	108,272,000	22,760,000	96,823,000	87,809,000	80,518,000	463,579,000	287,910,000	262,511,000	21,500,000	5,100,000
Commission expense	19,792,000	19,946,000	20,127,000	18,393,000	18,462,000	16,681,000	16,621,000	13,816,000	78,258,000	65,580,000	47,344,000
Underwriting and other operating expenses	29,042,000	32,493,000	32,249,000	31,540,000	31,192,000	30,147,000	30,316,000	32,989,000	125,324,000	124,644,000	104,140,000														600,000	1,300,000	2,200,000	3,000,000	7,100,000
Income tax benefit	(8,359,000)	(3,274,000)	1,209,000	(226,000)	(1,444,000)	(1,173,000)	(2,309,000)	(4,421,000)	(10,650,000)	(9,347,000)	(2,106,000)											(200,000)
Net income	14,161,000	27,585,000	14,588,000	7,490,000	87,769,000	7,766,000	5,016,000	6,340,000	63,824,000	106,891,000	48,623,000			8,900,000		73,300,000	19,000,000	73,300,000	2,700,000	8,200,000	4,300,000	8,200,000		7,400,000
Earnings per common share (Note 19):
EPS, basic	$ 0.45	$ 0.88	$ 0.47	$ 0.24	$ 2.85	$ 0.25	$ 0.16	$ 0.19	$ 2.05	$ 3.40	$ 1.30					$ 2.38	$ 0.61	$ 2.33	$ 0.09	$ 0.27				$ 0.24
EPS, diluted	$ 0.44	$ 0.86	$ 0.46	$ 0.24	$ 2.82	$ 0.25	$ 0.16	$ 0.19	$ 2.00	$ 3.37	$ 1.30					$ 2.36	$ 0.59	$ 2.31	$ 0.08	$ 0.26				$ 0.23
EPS, basic and diluted														$ 0.28							$ 0.14	$ 0.26
Amortization of deferred gain									$ 14,600,000	$ 17,000,000	$ 18,200,000			$ 8,900,000	$ 10,100,000	$ 73,300,000	$ 19,000,000	$ 73,300,000	$ 2,700,000	$ 8,600,000	$ 4,300,000	$ 8,600,000
Policyholder Benefits and Claims Incurred, Net Current Year Percentage												77.00%
Effective Income Tax Rate Reconciliation, Percent																							10.00%	13.90%

Schedule II. Condensed Financial Information of Registrant (Condensed Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Investments
Investment in securities available-for-sale (amortized cost $108,890 in 2013 and $133,606 in 2012)	$ 2,344,858	$ 2,149,514
Equity securities at fair value (amortized cost $42,861 in 2013 and $30,678 in 2012)	162,312	125,086
Total investments	2,344,858	2,149,514
Cash and cash equivalents	34,503	140,661	252,300	119,825
Restricted cash and cash equivalents	6,564	5,353
Deferred income taxes, net	58,062	26,231
Other assets	17,920	12,937
Total assets	3,643,449	3,511,339
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	18,711	19,522
Notes payable	102,000	112,000
Other liabilities	25,191	21,879
Total liabilities	3,074,746	2,971,958
Stockholders’ equity:
Common stock, $0.01 par value; 150,000,000 shares authorized; 54,672,904 and 54,144,453 shares issued and 31,299,930 and 30,771,479 shares outstanding at December 31, 2013 and 2012, respectively	547	542
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued	0	0
Additional paid-in capital	338,090	325,990
Retained earnings	502,198	445,850
Accumulated other comprehensive income, net	90,418	129,549
Treasury stock, at cost (23,372,974 shares at December 31, 2013 and 2012)	(362,550)	(362,550)
Total stockholders’ equity	568,703	539,381
Total liabilities and stockholders’ equity	3,643,449	3,511,339
Parent Company [Member]
Investments
Investment in subsidiaries	447,619	382,985
Investment in securities available-for-sale (amortized cost $108,890 in 2013 and $133,606 in 2012)	114,152	143,534
Equity securities at fair value (amortized cost $42,861 in 2013 and $30,678 in 2012)	52,503	32,256
Total investments	614,274	558,775
Cash and cash equivalents	6,371	40,149	140,792	27,991
Restricted cash and cash equivalents	567	200
Intercompany receivable	0	4,390
Federal income taxes recoverable	7,427	5,649
Deferred income taxes, net	11,039	11,595
Other assets	2,702	2,817
Total assets	642,380	623,575
Liabilities and stockholders’ equity
Accounts payable and accrued expenses	2,514	4,152
Intercompany payable	1,163	0
Notes payable	70,000	80,000
Other liabilities	0	42
Total liabilities	73,677	84,194
Stockholders’ equity:
Common stock, $0.01 par value; 150,000,000 shares authorized; 54,672,904 and 54,144,453 shares issued and 31,299,930 and 30,771,479 shares outstanding at December 31, 2013 and 2012, respectively	547	542
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued	0	0
Additional paid-in capital	338,090	325,990
Retained earnings	502,198	445,850
Accumulated other comprehensive income, net	90,418	129,549
Treasury stock, at cost (23,372,974 shares at December 31, 2013 and 2012)	(362,550)	(362,550)
Total stockholders’ equity	568,703	539,381
Total liabilities and stockholders’ equity	$ 642,380	$ 623,575

Schedule II. Condensed Financial Information of Registrant (Condensed Balance Sheets Parenthetical) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fixed maturity securities, amortized cost	$ 2,205,753	$ 1,950,209
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	54,672,904	54,144,453
Common stock, shares outstanding (in shares)	31,299,930	30,771,479
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Treasury stock, at cost (in shares)	23,372,974	23,372,974
Parent Company [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Debt Securities [Member]
Fixed maturity securities, amortized cost	2,116,064	1,869,142
Debt Securities [Member] \| Parent Company [Member]
Fixed maturity securities, amortized cost	108,890	133,606
Equity Securities [Member]
Fixed maturity securities, amortized cost	89,689	81,067
Equity Securities [Member] \| Parent Company [Member]
Fixed maturity securities, amortized cost	$ 42,861	$ 30,678

Schedule II. Condensed Financial Information of Registrant (Condensed Statements of Income) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues
Net investment income									$ 70,764	$ 72,363	$ 80,117
Realized gains on investments	3,794	1,075	3,866	794	487	1,838	945	1,778	9,529	5,048	20,161
Total revenues									723,581	579,182	464,154
Expenses
Interest expense									3,246	3,504	3,642
Total expenses									670,407	481,638	417,637
Income tax benefit	(8,359)	(3,274)	1,209	(226)	(1,444)	(1,173)	(2,309)	(4,421)	(10,650)	(9,347)	(2,106)
Net income	14,161	27,585	14,588	7,490	87,769	7,766	5,016	6,340	63,824	106,891	48,623
Earnings per common share for the stated periods (Note 20):
EPS, basic	$ 0.45	$ 0.88	$ 0.47	$ 0.24	$ 2.85	$ 0.25	$ 0.16	$ 0.19	$ 2.05	$ 3.40	$ 1.30
EPS, diluted	$ 0.44	$ 0.86	$ 0.46	$ 0.24	$ 2.82	$ 0.25	$ 0.16	$ 0.19	$ 2.00	$ 3.37	$ 1.30
Cash dividends declared per common share									$ 0.24	$ 0.24	$ 0.24
Parent Company [Member]
Revenues
Net investment income									5,995	6,590	10,284
Realized gains on investments									4,273	623	7,769
Total revenues									10,268	7,213	18,053
Expenses
Other operating expenses									11,988	13,889	12,662
Interest expense									1,621	1,880	2,040
Total expenses									13,609	15,769	14,702
Income (loss) before income taxes and equity in earnings of subsidiaries									(3,341)	(8,556)	3,351
Income tax benefit									(1,513)	(4,109)	279
Net income (loss) before equity in earnings of subsidiaries									(1,828)	(4,447)	3,072
Equity in net income of subsidiaries									65,652	111,338	45,551
Net income									$ 63,824	$ 106,891	$ 48,623
Earnings per common share for the stated periods (Note 20):
EPS, basic									$ 2.05	$ 3.40	$ 1.30
EPS, diluted									$ 2.00	$ 3.37	$ 1.30

Schedule II. Condensed Financial Information of Registrant (Condensed Statements of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating activities
Net income	$ 63,824	$ 106,891	$ 48,623
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization expense	6,080	5,601	6,388
Realized gains on investments	(9,529)	(5,048)	(20,161)
Stock-based compensation	5,622	6,141	3,742
Amortization of premium on investments, net	8,969	7,019	7,242
Deferred income tax expense	(10,761)	(10,999)	(1,608)
Change in operating assets and liabilities:
Accounts payable, accrued expenses and other liabilities	(1,080)	2,132	(5,645)
Federal income taxes	(3,663)	100	2,055
Other assets	(2,413)	16,082	15,518
Net cash provided by operating activities	163,725	131,249	42,384
Investing activities
Purchase of fixed maturity securities	(514,210)	(444,001)	(217,630)
Purchase of equity securities	(30,499)	(30,979)	(21,080)
Proceeds from sale of fixed maturity securities	52,471	50,465	235,646
Proceeds from maturities and redemptions of investments	206,843	227,888	190,449
Proceeds from sale of equity securities	30,652	16,147	6,246
Capital Contributions to subsidiary	(44,023)	(70,000)	0
Restricted cash used in investing activities	(1,211)	946	10,650
Net cash provided by investing activities	(258,890)	(184,424)	199,990
Financing activities
Acquisition of treasury stock	0	(41,795)	(91,975)
Cash transactions related to stock-based compensation	6,462	839	1,019
Dividends paid to stockholders	(7,455)	(7,508)	(8,943)
Payments on notes payable	(10,000)	(10,000)	(10,000)
Net cash used in financing activities	(10,993)	(58,464)	(109,899)
Net (decrease) increase in cash and cash equivalents	(106,158)	(111,639)	132,475
Cash and cash equivalents at the beginning of the period	140,661	252,300	119,825
Cash and cash equivalents at the end of the period	34,503	140,661	252,300
Parent Company [Member]
Operating activities
Net income	63,824	106,891	48,623
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in net income of subsidiaries	65,652	111,338	45,551
Realized gains on investments	(4,273)	(623)	(7,769)
Stock-based compensation	5,622	6,141	3,742
Amortization of premium on investments, net	1,305	1,734	4,056
Deferred income tax expense	(486)	(2,511)	(1,803)
Change in operating assets and liabilities:
Accounts payable, accrued expenses and other liabilities	(1,680)	1,929	(583)
Federal income taxes	(1,778)	(9,636)	3,731
Other assets	115	796	2,126
Intercompany payable/receivable	5,553	9	3,087
Net cash provided by operating activities	2,550	(6,608)	9,659
Investing activities
Purchase of fixed maturity securities	(29,485)	0	0
Purchase of equity securities	(23,599)	(23,909)	(14,990)
Proceeds from sale of fixed maturity securities	35,466	0	133,232
Proceeds from maturities and redemptions of investments	17,645	47,677	27,420
Proceeds from sale of equity securities	15,473	8,843	0
Cash dividends received from subsidiaries	3,555	0	67,380
Restricted cash used in investing activities	(367)	1,818	(1)
Net cash provided by investing activities	(25,335)	(35,571)	213,041
Financing activities
Acquisition of treasury stock	0	(41,795)	(91,975)
Cash transactions related to stock-based compensation	6,462	839	1,019
Dividends paid to stockholders	(7,455)	(7,508)	(8,943)
Payments on notes payable	(10,000)	(10,000)	(10,000)
Net cash used in financing activities	(10,993)	(58,464)	(109,899)
Net (decrease) increase in cash and cash equivalents	(33,778)	(100,643)	112,801
Cash and cash equivalents at the beginning of the period	40,149	140,792	27,991
Cash and cash equivalents at the end of the period	$ 6,371	$ 40,149	$ 140,792

Schedule II. Condensed Financial Information of Registrant (Notes to Condensed Financial Statements) (Details) (USD $)	12 Months Ended										12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Parent Company [Member]	Dec. 31, 2012 Parent Company [Member]	Dec. 31, 2011 Parent Company [Member]	Dec. 31, 2013 Employee Stock Option [Member]	Dec. 31, 2012 Employee Stock Option [Member]	Dec. 31, 2011 Employee Stock Option [Member]	Dec. 31, 2010 Employee Stock Option [Member]	Dec. 31, 2013 Restricted stock units (RSUs)	Dec. 31, 2012 Restricted stock units (RSUs)	Dec. 31, 2011 Restricted stock units (RSUs)	Dec. 31, 2010 Restricted stock units (RSUs)	Mar. 31, 2013 Performance share units [Member]	Mar. 31, 2012 Performance share units [Member]
Schedule of Available-for-sale Securities [Line Items]
Payments on notes payable	$ 10,000,000	$ 10,000,000	$ 10,000,000
Amortized Cost
Due in one year or less, amortized cost	147,157,000			23,335,000
Due after one year through five years, amortized cost	777,480,000			61,030,000
Due after five years through ten years, amortized cost	655,280,000			10,599,000
Due after ten years, amortized cost	162,281,000			13,926,000
Total, amortized cost	2,116,064,000			108,890,000
Number of options or share units, granted							162,800	242,300	355,063		84,215	117,065	157,570
Estimated Fair Value
Due in one year or less, fair value	149,369,000			23,822,000
Due after one year through five years, fair value	812,822,000			64,989,000
Due after five years through ten years, fair value	676,124,000			11,014,000
Due after ten years, fair value	169,176,000			14,327,000
Total, fair value	2,182,546,000	2,024,428,000		114,152,000
Change in net unrealized gains on investments, net of taxes	(39,131,000)	12,830,000	32,586,000	5,300,000
Cash paid for interest	3,052,000	3,375,000	3,561,000	1,600,000	1,900,000	2,000,000
Line of credit facility, decrease, repayments	10,000,000
Investments	$ 2,344,858,000	$ 2,149,514,000
Number of outstanding options or share units							1,546,898	1,830,772	1,788,706	1,763,103	358,346	406,262	418,189	428,515	147,440	158,900

Schedule VI. Supplemental Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]
Deferred policy acquisition costs	$ 43,532				$ 38,852				$ 43,532	$ 38,852	$ 37,524
Unpaid losses and loss adjustment expenses	2,330,491				2,231,540				2,330,491	2,231,540	2,272,363
Unearned premiums	303,967				265,149				303,967	265,149	194,933
Net premiums earned	169,992	164,429	159,953	147,975	140,843	131,766	118,955	109,900	642,349	501,464	363,424
Net investment income									70,764	72,363	80,117
Current year									494,579	386,044	280,683
Prior years									6,934	1,800	1,127
Deferred policy acquisition cost, amortization expense									96,903	85,926	74,500
Total net payments for losses and LAE during the period									340,231	293,213	273,973
Premiums written, net									$ 678,466	$ 569,676	$ 410,038

Consolidated Stockholders Equity (Parentheticals) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stockholders Equity Parenthetical [Abstract]
Change in net unrealized gains on investments, net of tax of	$ (21,069)	$ 6,908	$ 17,546

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2013
Stockholders' Equity Attributable to Parent [Abstract]
Treasury Stock	Stockholders' Equity Stock Repurchase Programs Since the Company's initial public offering in January 2007 through December 31, 2013, the Company repurchased a total of 23,372,974 shares of common stock at an average cost per share of $15.51, which is reported as treasury stock, at cost, on the accompanying consolidated balance sheets. There were no stock repurchase programs authorized by the Board of Directors as of December 31, 2013.

Employee Benefit and Retirement Plans	12 Months Ended
Employee Benefit and Retirement Plans	Dec. 31, 2013
Employee Benefit and Retirement Plans [Abstract]
Compensation and Employee Benefit Plans	Employee Benefit and Retirement Plans The Company maintains a 401(k) defined contribution plan covering all eligible Company employees (the Employers 401(k) Plan). Under the Employers 401(k) Plan, the Company's safe harbor matching consists of 100% matching contribution on salary deferrals up to 3% of compensation and then 50% matching contribution on salary deferrals from 3% to 5% of compensation. The Company's contribution to the Employers 401(k) Plan was $1.2 million, $1.5 million, and $1.5 million for the years ended December 31, 2013, 2012, and 2011, respectively.