Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018
Gross written premiums	$	167,486	$	87,401	$	43,229	$	—	$	298,116
Net earned premiums	129,971		13,340		57,631		—		200,942
Underwriting profit of insurance segments	11,299		1,623		1,744		—		14,666
Net investment income	3,042		711		8,017		1,486		13,256
Interest expense	—		—		—		2,522		2,522
Segment revenues	137,327		13,955		65,526		1,536		218,344
Segment goodwill	181,831		—		—		—		181,831
Segment assets	909,963		495,096		1,368,872		88,079		2,862,010

Three Months Ended March 31, 2017
Gross written premiums	$	108,995	$	72,464	$	42,720	$	—	$	224,179
Net earned premiums	93,849		16,253		44,585		—		154,687
Underwriting profit of insurance segments	8,800		842		1,093		—		10,735
Net investment income	3,183		636		7,124		5,790		16,733
Interest expense	—		—		—		2,123		2,123
Segment revenues	101,090		16,924		52,146		6,242		176,402
Segment goodwill	181,831		—		—		—		181,831
Segment assets	749,617		335,806		1,211,896		114,006		2,411,325

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



	Three Months Ended March 31,
	2018			2017
	(in thousands)
Underwriting profit of the insurance segments:
Excess and Surplus Lines	$	11,299		$	8,800
Specialty Admitted Insurance	1,623			842
Casualty Reinsurance	1,744			1,093
Total underwriting profit of insurance segments	14,666			10,735
Other operating expenses of the Corporate and Other segment	(7,431		)	(6,461		)
Underwriting profit	7,235			4,274
Net investment income	13,256			16,733
Net realized investment (losses) gains	(810		)	1,047
Amortization of intangible assets	(149		)	(149		)
Other income and expenses	104			200
Interest expense	(2,522		)	(2,123		)
Income before taxes	$	17,114		$	19,982