XML 18 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information
3 Months Ended
Mar. 31, 2020
Segment Information  
Segment Information

11. Segment Information

The Company has one reportable segment, Specialty Insurance segment, which primarily offers property and casualty insurance products through its customers segments that include Construction, Consumer Services, Marine and Energy, Media and Entertainment, Professional Services, Real Estate, Sports, and Transportation. The primary criteria to determine the Company’s reportable segment is based on the fact that the Company’s senior management reviews, assesses and allocates resources both on a financial and personnel basis on an entity-wide level.

The following table provides a summary of the Company’s gross written premiums by customer segments within our Specialty Insurance segment. “Other” includes gross written premiums from; (i) primary and excess workers’ compensation coverage for exited Self-Insured Groups, (ii) niches exited prior to 2018, many with a concentration in commercial auto,  (iii) certain fronting arrangements in which all premium written is ceded to a third party (iv) participation in industry pools, and (v) emerging new business.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31 

 

($ in thousands)

    

2020

    

2019

 

Customer Segment

    

 

 

    

  

    

 

  

    

  

 

Construction

 

$

24,514

 

11.5

%

$

23,248

 

9.1

%

Consumer Services

 

 

30,568

 

14.3

 

 

27,485

 

10.7

 

Marine and Energy

 

 

32,790

 

15.3

 

 

19,812

 

7.8

 

Media and Entertainment

 

 

30,467

 

14.3

 

 

29,692

 

11.6

 

Professional Services

 

 

29,698

 

13.9

 

 

29,562

 

11.6

 

Real Estate

 

 

33,215

 

15.5

 

 

28,735

 

11.2

 

Sports

 

 

9,565

 

4.5

 

 

7,850

 

3.1

 

Transportation

 

 

21,467

 

10.0

 

 

30,757

 

12.0

 

Customer segment subtotal

 

 

212,284

 

99.3

 

 

197,141

 

77.1

 

Other

 

 

1,500

 

0.7

 

 

58,697

 

22.9

 

Specialty Insurance total

 

$

213,784

 

100.0

%

$

255,838

 

100.0

%

 

The following table provides a summary of the Company’s gross written premiums by line of business within our Specialty Insurance segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31 

 

($ in thousands)

    

2020

    

2019

 

Line of Business

    

 

 

    

  

    

 

  

    

  

 

Commercial Auto

 

$

40,331

 

18.9

%

$

41,784

 

16.3

%

General Liability

 

 

78,533

 

36.7

 

 

71,295

 

27.9

 

Workers’ Compensation

 

 

28,821

 

13.5

 

 

90,062

 

35.2

 

Commercial Multiple Peril

 

 

16,365

 

7.6

 

 

19,634

 

7.7

 

All Other Lines

 

 

49,734

 

23.3

 

 

33,063

 

12.9

 

Specialty Insurance total

 

$

213,784

 

100.0

%

$

255,838

 

100.0

%