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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial results by segment were as follows:
 
Year Ended December 31, 2016
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
457,816

 
$
220,815

 
$
54,650

 
$
—

 
$
—

 
$
733,281

Net investment income
—

 
—

 
1,410

 
98,602

 
—

 
100,012

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
(5,762
)
 
—

 
(5,762
)
Net realized gains (losses)
—

 
—

 
76

 
34,799

 
—

 
34,875

Other income
5,306

 
844

 
1,415

 
1,069

 
(826
)
 
7,808

Net losses and loss adjustment expenses
(268,579
)
 
(140,534
)
 
(34,116
)
 
—

 
—

 
(443,229
)
Underwriting, policy acquisition and operating expenses
(104,333
)
 
(70,464
)
 
(22,832
)
 
(30,807
)
 
826

 
(227,610
)
Segregated portfolio cells dividend (expense) income
(144
)
 
(7,998
)
 
—

 
—

 
—

 
(8,142
)
Interest expense
—

 
—

 
—

 
(15,032
)
 
—

 
(15,032
)
Income tax benefit (expense)
—

 
—

 
(384
)
 
(24,736
)
 
—

 
(25,120
)
Segment operating results
$
90,066

 
$
2,663

 
$
219

 
$
58,133

 
$
—

 
$
151,081

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
7,268

 
$
5,600

 
$
132

 
$
19,789

 
$
—

 
$
32,789


 
Year Ended December 31, 2015
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
443,313

 
$
213,161

 
$
37,675

 
$
—

 
$
—

 
$
694,149

Net investment income
—

 
—

 
928

 
107,732

 
—

 
108,660

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
3,682

 
—

 
3,682

Net realized gains (losses)
—

 
—

 
24

 
(41,663
)
 
—

 
(41,639
)
Other income
4,561

 
492

 
698

 
2,057

 
(581
)
 
7,227

Net losses and loss adjustment expenses*
(250,168
)
 
(140,744
)
 
(25,181
)
 
—

 
5,382

 
(410,711
)
Underwriting, policy acquisition and operating expenses*
(105,574
)
 
(63,653
)
 
(18,518
)
 
(24,518
)
 
(4,801
)
 
(217,064
)
Segregated portfolio cells dividend (expense) income
—

 
(853
)
 
—

 
—

 
—

 
(853
)
Interest expense
—

 
—

 
—

 
(14,596
)
 
—

 
(14,596
)
Income tax benefit (expense)
—

 
—

 
(1,240
)
 
(11,418
)
 
—

 
(12,658
)
Segment operating results
$
92,132

 
$
8,403


$
(5,614
)
 
$
21,276

 
$
—

 
$
116,197

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
8,663

 
$
5,696

 
$
417

 
$
21,442

 
$
—

 
$
36,218

* In 2015, the portion of the management fee that was allocated to ULAE was eliminated in consolidation. During 2016, ProAssurance discontinued the practice of eliminating in consolidation the portion of the management fee that was allocated to ULAE, thus there was no similar elimination in 2016.
 
Year Ended December 31, 2014
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
492,733

 
$
194,540

 
$
12,458

 
$
—

 
$
—

 
$
699,731

Net investment income
—

 
—

 
410

 
125,147

 
—

 
125,557

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
3,986

 
—

 
3,986

Net realized gains (losses)
—

 
—

 
4

 
14,650

 
—

 
14,654

Other income
5,823

 
645

 
126

 
2,285

 
(481
)
 
8,398

Net losses and loss adjustment expenses
(228,199
)
 
(126,447
)
 
(8,438
)
 
—

 
—

 
(363,084
)
Underwriting, policy acquisition and operating expenses
(133,132
)
 
(60,357
)
 
(9,535
)
 
(8,768
)
 
481

 
(211,311
)
Segregated portfolio cells dividend (expense) income
—

 
(1,842
)
 
—

 
—

 
—

 
(1,842
)
Interest expense
—

 
—

 
—

 
(14,084
)
 
—

 
(14,084
)
Income tax benefit (expense)
—

 
—

 
—

 
(65,440
)
 
—

 
(65,440
)
Segment operating results
$
137,225

 
$
6,539

 
$
(4,975
)
 
$
57,776

 
$
—

 
$
196,565

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
8,945

 
$
5,828

 
$
477

 
$
24,344

 
$
—

 
$
39,594
Revenue from External Customers by Products and Services
The following table provides detailed information regarding ProAssurance's gross premiums earned by product as well as a reconciliation to net premiums earned. All gross premiums earned are from external customers except as noted. ProAssurance's insured risks are primarily within the U.S.
 
 
Year Ended December 31
(In thousands)
 
2016
 
2015
 
2014
Specialty P&C Segment
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
Healthcare professional liability
 
$
474,981

 
$
463,599

 
$
477,031

Legal professional liability
 
26,125

 
28,234

 
28,278

Medical technology liability
 
34,158

 
34,838

 
35,913

Other
 
667

 
1,447

 
1,830

Ceded premiums earned
 
(78,115
)
 
(84,805
)
 
(50,319
)
     Segment net premiums earned
 
457,816

 
443,313

 
492,733

 
 
 
 
 
 
 
Workers' Compensation Segment
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
Traditional business
 
170,492

 
172,115

 
160,717

Alternative market business
 
75,658

 
66,168

 
55,616

Ceded premiums earned
 
(25,335
)
 
(25,122
)
 
(21,793
)
     Segment net premiums earned
 
220,815

 
213,161

 
194,540

 
 
 
 
 
 
 
Lloyd's Syndicate Segment
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
Property and casualty*
 
60,564

 
43,617

 
13,429

Ceded premiums earned
 
(5,914
)
 
(5,942
)
 
(971
)
     Segment net premiums earned
 
54,650

 
37,675

 
12,458

 
 
 
 
 
 
 
Consolidated Net premiums earned
 
$
733,281

 
$
694,149

 
$
699,731

* Includes premium assumed from the Specialty P&C segment of $14.0 million, $14.4 million and $4.2 million for years ended December 31, 2016, 2015 and 2014, respectively.