SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company’s operations consist of a property and casualty insurance segment and a reinsurance segment.  The property and casualty insurance segment writes both commercial and personal lines of insurance, with a focus on medium-sized commercial accounts.  The reinsurance segment provides reinsurance for other insurers and reinsurers.  The segments are managed separately due to differences in the insurance products sold and the business environments in which they operate.

Summarized financial information for the Company’s segments is as follows:

Three months ended March 31, 2014	Property and casualty insurance			Reinsurance		Parent company			Consolidated
Premiums earned	$	101,247		$	31,833	$	—		$	133,080
Underwriting profit (loss)	(475		)	2,825		—			2,350
Net investment income (loss)	8,616			3,243		(4		)	11,855
Realized investment gains	1,011			251		—			1,262
Other income	201			—		—			201
Interest expense	84			—		—			84
Other expenses	174			167		354			695
Income (loss) before income tax expense (benefit)	$	9,095		$	6,152	$	(358	)	$	14,889
Assets	$	984,021		$	404,697	$	477,185		$	1,865,903
Eliminations	—			—		(461,970		)	(461,970		)
Reclassifications	(1,563		)	—		(1,067		)	(2,630		)
Net assets	$	982,458		$	404,697	$	14,148		$	1,401,303

Three months ended March 31, 2013	Property and casualty insurance		Reinsurance			Parent company			Consolidated
Premiums earned	$	92,705	$	27,792		$	—		$	120,497
Underwriting profit (loss)	2,616		4,825			—			7,441
Net investment income (loss)	7,649		2,797			(3		)	10,443
Realized investment gains	1,957		711			—			2,668
Other income	235		—			—			235
Interest expense	131		—			—			131
Other expenses	205		(441		)	383			147
Income (loss) before income tax expense (benefit)	$	12,121	$	8,774		$	(386	)	$	20,509
Year ended December 31, 2013
Assets	$	978,746	$	387,284		$	455,368		$	1,821,398
Eliminations	—		—			(441,984		)	(441,984		)
Reclassifications	—		—			(481		)	(481		)
Net assets	$	978,746	$	387,284		$	12,903		$	1,378,933

The following table displays the net premiums earned of the property and casualty insurance segment and the reinsurance segment for the three months ended March 31, 2014 and 2013, by line of insurance.

	Three months ended March 31,
	2014		2013
Property and casualty insurance segment
Commercial lines:
Automobile	$	22,802	$	20,124
Property	23,317		20,385
Workers' compensation	21,053		19,527
Liability	20,455		18,033
Other	1,779		1,863
Total commercial lines	89,406		79,932
Personal lines:
Automobile	6,411		6,922
Property	5,244		5,687
Liability	186		164
Total personal lines	11,841		12,773
Total property and casualty insurance	$	101,247	$	92,705
Reinsurance segment
Pro rata reinsurance:
Property and liability	$	1,064	$	1,029
Property	5,777		4,627
Crop	438		440
Liability	2,792		393
Marine	3,411		3,411
Total pro rata reinsurance	13,482		9,900
Excess of loss reinsurance:
Property	15,459		15,221
Liability	2,891		2,671
Surety	1		—
Total excess of loss reinsurance	18,351		17,892
Total reinsurance	$	31,833	$	27,792
Consolidated	$	133,080	$	120,497