SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

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, 2016	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	110,446		$	32,291		$	—		$	142,737
Underwriting profit	8,605			1,871			—			10,476
Net investment income (loss)	8,771			3,457			2			12,230
Net realized investment gains (losses)	(846		)	(239		)	—			(1,085		)
Other income (loss)	132			(143		)	—			(11		)
Interest expense	84			—			—			84
Other expenses	157			—			492			649
Income (loss) before income tax expense (benefit)	$	16,421		$	4,946		$	(490	)	$	20,877
Assets	$	1,097,040		$	453,484		$	551,419		$	2,101,943
Eliminations	—			—			(540,576		)	(540,576		)
Reclassifications	—			—			(1,123		)	(1,123		)
Total assets	$	1,097,040		$	453,484		$	9,720		$	1,560,244

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	14,078		3,006			—			17,084
Net investment income (loss)	8,026		3,184			(4		)	11,206
Net realized investment gains (losses)	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
Year ended December 31, 2015
Assets	$	1,092,820	$	437,575		$	525,042		$	2,055,437
Eliminations	—		—			(514,309		)	(514,309		)
Reclassifications	—		(5,173		)	—			(5,173		)
Total assets	$	1,092,820	$	432,402		$	10,733		$	1,535,955

The following table displays the net premiums earned for the property and casualty insurance segment and the reinsurance segment for the three months ended March 31, 2016 and 2015, by line of insurance.

	Three months ended March 31,
($ in thousands)	2016		2015
Property and casualty insurance segment
Commercial lines:
Automobile	$	26,927	$	25,396
Property	24,748		25,066
Workers' compensation	23,247		22,367
Liability	23,670		22,416
Other	2,071		1,966
Total commercial lines	100,663		97,211
Personal lines:
Automobile	5,217		5,817
Homeowners	4,566		5,177
Total personal lines	9,783		10,994
Total property and casualty insurance	$	110,446	$	108,205
Reinsurance segment
Pro rata reinsurance:
Multiline (primarily property)	$	690	$	1,238
Property	6,257		3,856
Liability	5,351		3,801
Marine	1,343		3,410
Total pro rata reinsurance	13,641		12,305
Excess of loss reinsurance:
Property	15,280		14,462
Liability	3,370		3,759
Total excess of loss reinsurance	18,650		18,221
Total reinsurance	$	32,291	$	30,526
Consolidated	$	142,737	$	138,731