SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Summarized financial information for segments

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, 2015	Property and casualty insurance		Reinsurance		Parent company			Consolidated
($ in thousands)
Premiums earned	$	108,205	$	30,526	$	—		$	138,731
Underwriting profit (loss)	14,078		3,006		—			17,084
Net investment income (loss)	8,026		3,184		(4		)	11,206
Realized investment gains	700		83		—			783
Other income (loss)	182		1,433		—			1,615
Interest expense	84		—		—			84
Other expenses	206		—		461			667
Income (loss) before income tax expense (benefit)	$	22,696	$	7,706	$	(465	)	$	29,937
Assets	$	1,066,912	$	439,382	$	527,485		$	2,033,779
Eliminations	—		—		(518,915		)	(518,915		)
Reclassifications	—		—		(905		)	(905		)
Total assets	$	1,066,912	$	439,382	$	7,665		$	1,513,959

Three months ended March 31, 2014	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
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 (loss)	201			(167		)	—			34
Interest expense	84			—			—			84
Other expenses	174			—			354			528
Income (loss) before income tax expense (benefit)	$	9,095		$	6,152		$	(358	)	$	14,889
Year ended December 31, 2014
Assets	$	1,057,429		$	434,139		$	503,008		$	1,994,576
Eliminations	—			—			(495,288		)	(495,288		)
Reclassifications	(909		)	—			(559		)	(1,468		)
Total assets	$	1,056,520		$	434,139		$	7,161		$	1,497,820

Summary of net premiums earned by line of insurance

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, 2015 and 2014, by line of insurance.

	Three months ended March 31,
($ in thousands)	2015		2014
Property and casualty insurance segment
Commercial lines:
Automobile	$	25,396	$	22,802
Property	25,066		23,317
Workers' compensation	22,367		21,053
Liability	22,416		20,455
Other	1,966		1,779
Total commercial lines	97,211		89,406
Personal lines:
Automobile	5,817		6,411
Property	4,974		5,244
Liability	203		186
Total personal lines	10,994		11,841
Total property and casualty insurance	$	108,205	$	101,247
Reinsurance segment
Pro rata reinsurance:
Property and liability	$	1,239	$	1,064
Property	3,567		5,777
Crop	294		438
Liability	3,801		2,792
Marine	3,403		3,411
Total pro rata reinsurance	12,304		13,482
Excess of loss reinsurance:
Property	14,462		15,459
Liability	3,756		2,891
Surety	4		1
Total excess of loss reinsurance	18,222		18,351
Total reinsurance	$	30,526	$	31,833
Consolidated	$	138,731	$	133,080