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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial results by segment were as follows:
 
Three Months Ended March 31, 2018
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
116,276

 
$
58,407


$
12,476


$
—


$
—

 
$
187,159

Net investment income
—

 
—


751


21,276


—

 
22,027

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—


—


1,640


—

 
1,640

Net realized gains (losses)
—

 
—


(54
)

(12,463
)

—

 
(12,517
)
Other income (expense)
1,256

 
366


331


943


(173
)
 
2,723

Net losses and loss adjustment expenses
(84,585
)
 
(36,715
)

(8,486
)

—


—

 
(129,786
)
Underwriting, policy acquisition and operating expenses
(28,276
)
 
(17,333
)

(7,246
)

(4,678
)

173

 
(57,360
)
Segregated portfolio cells dividend (expense) income
30

 
(1,894
)
 
—

 
117

 
—

 
(1,747
)
Interest expense
—

 
—

 
—

 
(3,705
)
 
—

 
(3,705
)
Income tax benefit (expense)
—

 
—

 
(6
)
 
3,428

 
—

 
3,422

Segment operating results
$
4,701


$
2,831


$
(2,234
)

$
6,558


$
—


$
11,856

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
1,867

 
$
956

 
$
(1
)
 
$
3,257

 
$
—

 
$
6,079

 
Three Months Ended March 31, 2017
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
113,058

 
$
55,283

 
$
14,562

 
$
—

 
$
—

 
$
182,903

Net investment income
—

 
—

 
372

 
22,814

 
—

 
23,186

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
1,808

 
—

 
1,808

Net realized gains (losses)
—

 
—

 
27

 
13,253

 
—

 
13,280

Other income (expense)
1,198

 
145

 
391

 
173

 
(86
)
 
1,821

Net losses and loss adjustment expenses
(74,994
)
 
(34,650
)
 
(9,507
)
 
—

 
—

 
(119,151
)
Underwriting, policy acquisition and operating expenses
(25,977
)
 
(16,691
)
 
(6,211
)
 
(8,315
)
 
86

 
(57,108
)
Segregated portfolio cells dividend (expense) income
28

 
(1,174
)
 
—

 
(1,229
)
 
—

 
(2,375
)
Interest expense
—

 
—

 
—

 
(4,133
)
 
—

 
(4,133
)
Income tax benefit (expense)
—

 
—

 
7

 
1,217

 
—

 
1,224

Segment operating results
$
13,313


$
2,913


$
(359
)

$
25,588


$
—


$
41,455

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
1,911

 
$
837

 
$
(3
)
 
$
5,058

 
$
—

 
$
7,803
Schedule of Gross Premiums by Product
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.
 
Three Months Ended March 31
(In thousands)
2018
 
2017
Specialty P&C Segment
 
 
 
Gross premiums earned:
 
 
 
Healthcare professional liability
$
118,685

 
$
117,051

Legal professional liability
6,391

 
6,317

Medical technology liability
8,512

 
8,312

Other
110

 
102

Ceded premiums earned
(17,422
)
 
(18,724
)
Segment net premiums earned
116,276

 
113,058

 
 
 
 
Workers' Compensation Segment
 
 
 
Gross premiums earned:
 
 
 
Traditional business
46,030

 
41,768

Alternative market business
19,381

 
19,446

Ceded premiums earned
(7,004
)
 
(5,931
)
Segment net premiums earned
58,407

 
55,283

 
 
 
 
Lloyd's Syndicate Segment
 
 
 
Gross premiums earned:
 
 
 
Property and casualty*
17,967

 
17,185

Ceded premiums earned
(5,491
)
 
(2,623
)
Segment net premiums earned
12,476

 
14,562

 

 

Consolidated net premiums earned
$
187,159

 
$
182,903

*Includes premium assumed from the Specialty P&C segment of $1.9 million for the three months ended March 31, 2018 and $3.5 million for the same respective period of 2017.