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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summarized financial information for segments
Summarized financial information for the Company’s segments is as follows:
Three months ended June 30, 2017
 
Property and
casualty
insurance
 
Reinsurance
 
Parent
company
 
Consolidated
($ in thousands)
 
 
 
 
Premiums earned
 
$
116,187

 
$
33,650

 
$
—

 
$
149,837

 
 
 
 
 
 
 
 
 
Underwriting profit (loss):
 
 
 
 
 
 
 
 
SAP underwriting profit (loss)
 
(8,892
)
 
218

 
—

 
(8,674
)
GAAP adjustments
 
3,282

 
(805
)
 
—

 
2,477

GAAP underwriting profit (loss)
 
(5,610
)
 
(587
)
 
—

 
(6,197
)
 
 
 
 
 
 
 
 
 
Net investment income
 
7,958

 
3,201

 
12

 
11,171

Net realized investment gains (losses)
 
3,738

 
(351
)
 
—

 
3,387

Other income (loss)
 
283

 
(528
)
 
—

 
(245
)
Interest expense
 
85

 
—

 
—

 
85

Other expenses
 
231

 
—

 
571

 
802

Income (loss) before income tax expense (benefit)
 
$
6,053

 
$
1,735

 
$
(559
)
 
$
7,229


Three months ended June 30, 2016
 
Property and
casualty
insurance
 
Reinsurance
 
Parent
company
 
Consolidated
($ in thousands)
 
 
 
 
Premiums earned
 
$
111,771

 
$
34,675

 
$
—

 
$
146,446

 
 
 
 
 
 
 
 
 
Underwriting profit (loss):
 
 
 
 
 
 
 
 
SAP underwriting profit (loss)
 
(11,289
)
 
5,026

 
—

 
(6,263
)
GAAP adjustments
 
1,917

 
(647
)
 
—

 
1,270

GAAP underwriting profit (loss)
 
(9,372
)
 
4,379

 
—

 
(4,993
)
 
 
 
 
 
 
 
 
 
Net investment income
 
8,568

 
3,608

 
3

 
12,179

Net realized investment gains (losses)
 
1,018

 
616

 
—

 
1,634

Other income (loss)
 
162

 
(85
)
 
—

 
77

Interest expense
 
85

 
—

 
—

 
85

Other expenses
 
211

 
—

 
514

 
725

Income (loss) before income tax expense (benefit)
 
$
80

 
$
8,518

 
$
(511
)
 
$
8,087

Six months ended June 30, 2017
 
Property and
casualty
insurance
 
Reinsurance
 
Parent
company
 
Consolidated
($ in thousands)
 
 
 
 
Premiums earned
 
$
229,835

 
$
64,489

 
$
—

 
$
294,324

 
 
 
 
 
 
 
 
 
Underwriting profit (loss):
 
 
 
 
 
 
 
 
SAP underwriting profit (loss)
 
(11,486
)
 
3,465

 
—

 
(8,021
)
GAAP adjustments
 
2,275

 
(1,136
)
 
—

 
1,139

GAAP underwriting profit (loss)
 
(9,211
)
 
2,329

 
—

 
(6,882
)
 
 
 
 
 
 
 
 
 
Net investment income
 
15,973

 
6,184

 
21

 
22,178

Net realized investment gains (losses)
 
3,141

 
(381
)
 
—

 
2,760

Other income (loss)
 
444

 
(1,099
)
 
—

 
(655
)
Interest expense
 
169

 
—

 
—

 
169

Other expenses
 
410

 
—

 
1,153

 
1,563

Income (loss) before income tax expense (benefit)
 
$
9,768

 
$
7,033

 
$
(1,132
)
 
$
15,669

 
 
 
 
 
 
 
 
 
Assets
 
$
1,143,680

 
$
469,285

 
$
572,671

 
$
2,185,636

Eliminations
 
—

 
—

 
(562,914
)
 
(562,914
)
Reclassifications
 
(44
)
 
—

 
(281
)
 
(325
)
Total assets
 
$
1,143,636

 
$
469,285

 
$
9,476

 
$
1,622,397


Six months ended June 30, 2016
 
Property and
casualty
insurance
 
Reinsurance
 
Parent
company
 
Consolidated
($ in thousands)
 
 
 
 
Premiums earned
 
$
222,217

 
$
66,966

 
$
—

 
$
289,183

 
 
 
 
 
 
 
 
 
Underwriting profit (loss):
 
 
 
 
 
 
 
 
SAP underwriting profit (loss)
 
(823
)
 
7,088

 
—

 
6,265

GAAP adjustments
 
56

 
(838
)
 
—

 
(782
)
GAAP underwriting profit (loss)
 
(767
)
 
6,250

 
—

 
5,483

 
 
 
 
 
 
 
 
 
Net investment income
 
17,339

 
7,065

 
5

 
24,409

Net realized investment gains (losses)
 
172

 
377

 
—

 
549

Other income (loss)
 
294

 
(228
)
 
—

 
66

Interest expense
 
169

 
—

 
—

 
169

Other expenses
 
368

 
—

 
1,006

 
1,374

Income (loss) before income tax expense (benefit)
 
$
16,501

 
$
13,464

 
$
(1,001
)
 
$
28,964

 
 
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
 
 
Assets
 
$
1,122,037

 
$
455,493

 
$
554,164

 
$
2,131,694

Eliminations
 
—

 
—

 
(540,249
)
 
(540,249
)
Reclassifications
 
—

 
(1,932
)
 
(700
)
 
(2,632
)
Total assets
 
$
1,122,037

 
$
453,561

 
$
13,215

 
$
1,588,813
Summary of net premiums earned by line of insurance
The following table displays the premiums earned for the property and casualty insurance segment and the reinsurance segment for the three and six months ended June 30, 2017 and 2016, by line of insurance.
 
 
Three months ended June 30,
 
Six months ended June 30,
($ in thousands)
 
2017
 
2016
 
2017
 
2016
Property and casualty insurance segment
 
 
 
 
 
 
 
 
Commercial lines:
 
 
 
 
 
 
 
 
Automobile
 
$
29,014

 
$
27,409

 
$
57,046

 
$
54,336

Property
 
26,069

 
25,073

 
51,571

 
49,821

Workers' compensation
 
25,343

 
23,489

 
50,046

 
46,736

Other liability
 
24,254

 
24,139

 
48,382

 
47,809

Other
 
2,197

 
2,073

 
4,306

 
4,144

Total commercial lines
 
106,877

 
102,183

 
211,351

 
202,846

 
 
 
 
 
 
 
 
 
Personal lines
 
9,310

 
9,588

 
18,484

 
19,371

Total property and casualty insurance
 
$
116,187

 
$
111,771

 
$
229,835

 
$
222,217

 
 
 
 
 
 
 
 
 
Reinsurance segment
 
 
 
 
 
 
 
 
Pro rata reinsurance
 
$
12,016

 
$
15,468

 
$
22,451

 
$
29,109

Excess of loss reinsurance
 
21,634

 
19,207

 
42,038

 
37,857

Total reinsurance
 
$
33,650

 
$
34,675

 
$
64,489

 
$
66,966

 
 
 
 
 
 
 
 
 
Consolidated
 
$
149,837

 
$
146,446

 
$
294,324

 
$
289,183