SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Summarized financial information for segments

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

Three months ended March 31, 2019	Property and casualty insurance			Reinsurance		Parent company			Consolidated
($ in thousands)
Premiums earned	$	124,772		$	42,530	$	—		$	167,302
Underwriting profit (loss):
SAP underwriting profit (loss)	1,407			3,563		—			4,970
GAAP adjustments	1,210			820		—			2,030
GAAP underwriting profit (loss)	2,617			4,383		—			7,000
Net investment income	9,138			3,608		17			12,763
Net realized investment gains/losses and change in unrealized gains on equity investments	14,168			8,542		(67		)	22,643
Other income (loss)	1,533			2		—			1,535
Interest expense	171			—		—			171
Other expenses	311			—		1,174			1,485
Income (loss) before income tax expense (benefit)	$	26,974		$	16,535	$	(1,224	)	$	42,285
Assets	$	1,220,775		$	512,430	$	617,254		$	2,350,459
Eliminations	—			—		(606,809		)	(606,809		)
Reclassifications	(934		)	—		(489		)	(1,423		)
Total assets	$	1,219,841		$	512,430	$	9,956		$	1,742,227

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 change in unrealized 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	)
Year ended December 31, 2018
Assets	$	1,191,286		$	485,270		$	565,905		$	2,242,461
Eliminations	—			—			(556,977		)	(556,977		)
Reclassifications	—			—			(6		)	(6		)
Total assets	$	1,191,286		$	485,270		$	8,922		$	1,685,478

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, 2019 and 2018, by line of insurance.

	Three months ended March 31,
($ in thousands)	2019		2018
Property and casualty insurance
Commercial lines:
Automobile	$	32,907	$	30,644
Property	27,671		26,429
Workers' compensation	23,543		24,902
Other liability	28,905		24,962
Other	2,506		2,186
Total commercial lines	115,532		109,123
Personal lines	9,240		9,509
Total property and casualty insurance	$	124,772	$	118,632
Reinsurance
Pro rata reinsurance	$	13,006	$	13,073
Excess of loss reinsurance	29,524		24,081
Total reinsurance	$	42,530	$	37,154
Consolidated	$	167,302	$	155,786