Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of summary of company's segment results

The following table summarizes the Company’s segment results:

	Excess and Surplus Lines		Specialty Admitted Insurance			Casualty Reinsurance		Corporate and Other		Total
	(in thousands)
Three Months Ended March 31, 2020
Gross written premiums	$	136,197	$	102,802		$	44,842	$	—	$	283,841
Net earned premiums	99,739		13,283			32,896		—		145,918
Underwriting profit (loss) of insurance segments	8,112		(988		)	207		—		7,331
Net investment income	7,941		928			11,604		363		20,836
Interest expense	—		—			—		2,876		2,876
Segment revenues	83,829		12,673			13,280		502		110,284
Segment goodwill	181,831		—			—		—		181,831
Segment assets	2,293,444		829,699			1,824,729		48,938		4,996,810
Three Months Ended March 31, 2019
Gross written premiums	$	186,549	$	102,953		$	37,832	$	—	$	327,334
Net earned premiums	141,672		12,360			36,120		—		190,152
Underwriting profit of insurance segments	13,102		1,623			327		—		15,052
Net investment income	5,544		897			11,172		1,818		19,431
Interest expense	—		—			—		2,808		2,808
Segment revenues	152,437		13,736			46,010		1,944		214,127
Segment goodwill	181,831		—			—		—		181,831
Segment assets	1,013,069		706,451			1,517,142		62,589		3,299,251

Schedule of underwriting profit of operating segments by individual segment and reconciliation to consolidated income before taxes

The following table reconciles the underwriting profit (loss) of the operating segments by individual segment to consolidated income before taxes:

	Three Months Ended March 31,
	2020			2019
	(in thousands)
Underwriting profit (loss) of the insurance segments:
Excess and Surplus Lines	$	8,112		$	13,102
Specialty Admitted Insurance	(988		)	1,623
Casualty Reinsurance	207			327
Total underwriting profit of insurance segments	7,331			15,052
Other operating expenses of the Corporate and Other segment	(8,279		)	(7,906		)
Underwriting (loss) profit	(948		)	7,146
Net investment income	20,836			19,431
Net realized and unrealized (losses) gains on investments	(58,407		)	1,625
Amortization of intangible assets	(149		)	(149		)
Other income and expenses	326			246
Interest expense	(2,876		)	(2,808		)
(Loss) income before taxes	$	(41,218	)	$	25,491