SEGMENT INFORMATION

6 Months Ended

Jun. 30, 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 June 30, 2014	Property and casualty insurance			Reinsurance			Parent company			Consolidated
Premiums earned	$	103,517		$	30,435		$	—		$	133,952
Underwriting profit (loss)	(10,979		)	(1,850		)	—			(12,829		)
Net investment income (loss)	7,972			3,106			(2		)	11,076
Realized investment gains (losses)	1,568			775			—			2,343
Other income	181			—			—			181
Interest expense	85			—			—			85
Other expenses	234			(181		)	363			416
Income (loss) before income tax expense (benefit)	$	(1,577	)	$	2,212		$	(365	)	$	270

Three months ended June 30, 2013	Property and casualty insurance			Reinsurance			Parent company			Consolidated
Premiums earned	$	97,817		$	29,372		$	—		$	127,189
Underwriting profit (loss)	(10,423		)	7,691			—			(2,732		)
Net investment income (loss)	8,096			2,946			(2		)	11,040
Realized investment gains (losses)	392			(217		)	—			175
Other income	163			—			—			163
Interest expense	85			—			—			85
Other expenses	186			101			325			612
Income (loss) before income tax expense (benefit)	$	(2,043	)	$	10,319		$	(327	)	$	7,949

Six months ended June 30, 2014	Property and casualty insurance			Reinsurance			Parent company			Consolidated
Premiums earned	$	204,764		$	62,268		$	—		$	267,032
Underwriting profit (loss)	(11,454		)	975			—			(10,479		)
Net investment income (loss)	16,588			6,349			(6		)	22,931
Realized investment gains (losses)	2,579			1,026			—			3,605
Other income	382			—			—			382
Interest expense	169			—			—			169
Other expenses	408			(14		)	717			1,111
Income (loss) before income tax expense (benefit)	$	7,518		$	8,364		$	(723	)	$	15,159
Assets	$	1,024,174		$	413,061		$	486,734		$	1,923,969
Eliminations	—			—			(473,962		)	(473,962		)
Reclassifications	—			(465		)	(146		)	(611		)
Net assets	$	1,024,174		$	412,596		$	12,626		$	1,449,396

Six months ended June 30, 2013	Property and casualty insurance			Reinsurance			Parent company			Consolidated
Premiums earned	$	190,522		$	57,164		$	—		$	247,686
Underwriting profit (loss)	(7,807		)	12,516			—			4,709
Net investment income (loss)	15,745			5,743			(5		)	21,483
Realized investment gains (losses)	2,349			494			—			2,843
Other income	398			—			—			398
Interest expense	216			—			—			216
Other expenses	391			(340		)	708			759
Income (loss) before income tax expense (benefit)	$	10,078		$	19,093		$	(713	)	$	28,458
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 and six months ended June 30, 2014 and 2013, by line of insurance.

	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
Property and casualty insurance segment
Commercial lines:
Automobile	$	23,855	$	21,097	$	46,657	$	41,221
Property	23,328		21,425		46,645		41,810
Workers' compensation	21,910		21,027		42,963		40,554
Liability	21,055		19,602		41,510		37,635
Other	1,812		1,843		3,591		3,706
Total commercial lines	91,960		84,994		181,366		164,926
Personal lines:
Automobile	6,304		6,917		12,715		13,839
Property	5,062		5,729		10,306		11,416
Liability	191		177		377		341
Total personal lines	11,557		12,823		23,398		25,596
Total property and casualty insurance	$	103,517	$	97,817	$	204,764	$	190,522
Reinsurance segment
Pro rata reinsurance:
Property and liability	$	3,267	$	2,483	$	4,331	$	3,512
Property	288		3,645		6,065		8,272
Crop	775		506		1,213		946
Liability	2,721		1,125		5,513		1,518
Marine	4,837		2,546		8,248		5,957
Total pro rata reinsurance	11,888		10,305		25,370		20,205
Excess of loss reinsurance:
Property	15,800		16,228		31,259		31,449
Liability	2,747		2,839		5,638		5,510
Surety	—		—		1		—
Total excess of loss reinsurance	18,547		19,067		36,898		36,959
Total reinsurance	$	30,435	$	29,372	$	62,268	$	57,164
Consolidated	$	133,952	$	127,189	$	267,032	$	247,686