SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Summarized financial information for segments

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

Three months ended March 31, 2018	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	118,632		$	37,154		$	—		$	155,786
Underwriting profit (loss):
SAP underwriting profit (loss)	(9,036		)	1,563			—			(7,473		)
GAAP adjustments	262			102			—			364
GAAP underwriting profit (loss)	(8,774		)	1,665			—			(7,109		)
Net investment income	8,148			3,218			5			11,371
Net realized investment gains (losses) and, beginning in 2018, change in unrealized investment gains on equity investments	(3,293		)	(2,100		)	—			(5,393		)
Other income (loss)	2,051			(436		)	—			1,615
Interest expense	142			—			—			142
Other expenses	233			—			637			870
Income (loss) before income tax expense (benefit)	$	(2,243	)	$	2,347		$	(632	)	$	(528	)
Assets	$	1,185,069		$	481,257		$	581,742		$	2,248,068
Eliminations	—			—			(576,656		)	(576,656		)
Reclassifications	(316		)	(5,045		)	(898		)	(6,259		)
Total assets	$	1,184,753		$	476,212		$	4,188		$	1,665,153

Three months ended March 31, 2017	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	113,648		$	30,839		$	—		$	144,487
Underwriting profit (loss):
SAP underwriting profit (loss)	(2,594		)	3,247			—			653
GAAP adjustments	(2,287		)	(331		)	—			(2,618		)
GAAP underwriting profit (loss)	(4,881		)	2,916			—			(1,965		)
Net investment income	8,015			2,983			9			11,007
Net realized investment gains (losses) and, beginning in 2018, change in unrealized investment gains on equity investments	(597		)	(30		)	—			(627		)
Other income (loss)	1,441			(571		)	—			870
Interest expense	84			—			—			84
Other expenses	179			—			582			761
Income (loss) before income tax expense (benefit)	$	3,715		$	5,298		$	(573	)	$	8,440
Year ended December 31, 2017
Assets	$	1,200,636		$	484,678		$	604,105		$	2,289,419
Eliminations	—			—			(599,036		)	(599,036		)
Reclassifications	(1,393		)	(6,273		)	(777		)	(8,443		)
Total assets	$	1,199,243		$	478,405		$	4,292		$	1,681,940

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 months ended March 31, 2018 and 2017, by line of insurance.

	Three months ended March 31,
($ in thousands)	2018		2017
Property and casualty insurance segment
Commercial lines:
Automobile	$	30,644	$	28,032
Property	26,429		25,502
Workers' compensation	24,902		24,703
Other liability	24,962		24,128
Other	2,186		2,109
Total commercial lines	109,123		104,474
Personal lines	9,509		9,174
Total property and casualty insurance	$	118,632	$	113,648
Reinsurance segment
Pro rata reinsurance	$	13,073	$	10,435
Excess of loss reinsurance	24,081		20,404
Total reinsurance	$	37,154	$	30,839
Consolidated	$	155,786	$	144,487