SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Summarized financial information for segments

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

Three months ended September 30, 2016	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	116,372		$	35,809		$	—		$	152,181
Underwriting profit (loss):
SAP underwriting profit (loss)	(8,081		)	689			—			(7,392		)
GAAP adjustments	2,970			35			—			3,005
GAAP underwriting profit (loss)	(5,111		)	724			—			(4,387		)
Net investment income (loss)	8,185			3,285			4			11,474
Net realized investment gains (losses)	(799		)	(393		)	—			(1,192		)
Other income (loss)	172			(257		)	—			(85		)
Interest expense	84			—			—			84
Other expenses	190			—			489			679
Income (loss) before income tax expense (benefit)	$	2,173		$	3,359		$	(485	)	$	5,047

Three months ended September 30, 2015	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	113,753		$	32,035		$	—		$	145,788
Underwriting profit (loss):
SAP underwriting profit (loss)	(2,487		)	(2,167		)	—			(4,654		)
GAAP adjustments	2,386			(368		)	—			2,018
GAAP underwriting profit (loss)	(101		)	(2,535		)	—			(2,636		)
Net investment income (loss)	8,125			3,176			(2		)	11,299
Net realized investment gains (losses)	4,889			2,609			—			7,498
Other income (loss)	210			309			—			519
Interest expense	84			—			—			84
Other expenses	196			—			479			675
Income (loss) before income tax expense (benefit)	$	12,843		$	3,559		$	(481	)	$	15,921

Nine months ended September 30, 2016	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	338,589		$	102,775		$	—		$	441,364
Underwriting profit (loss):
SAP underwriting profit (loss)	(8,904		)	7,777			—			(1,127		)
GAAP adjustments	3,026			(803		)	—			2,223
GAAP underwriting profit (loss)	(5,878		)	6,974			—			1,096
Net investment income (loss)	25,524			10,350			9			35,883
Net realized investment gains (losses)	(627		)	(16		)	—			(643		)
Other income (loss)	466			(485		)	—			(19		)
Interest expense	253			—			—			253
Other expenses	558			—			1,495			2,053
Income (loss) before income tax expense (benefit)	$	18,674		$	16,823		$	(1,486	)	$	34,011
Assets	$	1,170,108		$	465,733		$	562,535		$	2,198,376
Eliminations	—			—			(554,093		)	(554,093		)
Reclassifications	(2,187		)	(3,426		)	(1,165		)	(6,778		)
Total assets	$	1,167,921		$	462,307		$	7,277		$	1,637,505

Nine months ended September 30, 2015	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	333,212		$	95,912		$	—		$	429,124
Underwriting profit (loss):
SAP underwriting profit (loss)	(497		)	4,685			—			4,188
GAAP adjustments	7,962			705			—			8,667
GAAP underwriting profit (loss)	7,465			5,390			—			12,855
Net investment income (loss)	24,301			9,654			(9		)	33,946
Net realized investment gains (losses)	7,866			3,689			—			11,555
Other income (loss)	582			1,040			—			1,622
Interest expense	253			—			—			253
Other expenses	568			—			1,424			1,992
Income (loss) before income tax expense (benefit)	$	39,393		$	19,773		$	(1,433	)	$	57,733
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

Summary of net premiums earned by line of insurance

The following table displays the net premiums earned for the property and casualty insurance segment and the reinsurance segment for the three and nine months ended September 30, 2016 and 2015, by line of insurance.

	Three months ended September 30,				Nine months ended September 30,
($ in thousands)	2016		2015		2016		2015
Property and casualty insurance segment
Commercial lines:
Automobile	$	28,113	$	27,080	$	82,449	$	78,698
Property	27,471		26,526		77,292		77,518
Workers' compensation	24,536		23,777		71,272		69,150
Liability	24,277		23,449		72,086		68,952
Other	2,102		2,032		6,246		6,044
Total commercial lines	106,499		102,864		309,345		300,362
Personal lines	9,873		10,889		29,244		32,850
Total property and casualty insurance	$	116,372	$	113,753	$	338,589	$	333,212
Reinsurance segment
Pro rata reinsurance	$	15,066	$	13,037	$	44,175	$	40,154
Excess of loss reinsurance	20,743		18,998		58,600		55,758
Total reinsurance	$	35,809	$	32,035	$	102,775	$	95,912
Consolidated	$	152,181	$	145,788	$	441,364	$	429,124