SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Summarized financial information for segments

Three months ended June 30, 2019	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	126,297		$	41,836		$	—		$	168,133
Underwriting profit (loss):
SAP underwriting profit (loss)	(16,127		)	3,008			—			(13,119		)
GAAP adjustments	(353		)	(695		)	—			(1,048		)
GAAP underwriting profit (loss)	(16,480		)	2,313			—			(14,167		)
Net investment income	9,129			3,808			14			12,951
Net realized investment gains/losses and change in unrealized gains on equity investments	2,930			1,545			(217		)	4,258
Other income	1,551			6			—			1,557
Interest expense	170			—			—			170
Other expenses	201			—			2,587			2,788
Income (loss) before income tax expense (benefit)	$	(3,241	)	$	7,672		$	(2,790	)	$	1,641

Three months ended June 30, 2018	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	121,495		$	36,451		$	—		$	157,946
Underwriting profit (loss):
SAP underwriting profit (loss)	(20,184		)	3,707			—			(16,477		)
GAAP adjustments	1,921			(855		)	—			1,066
GAAP underwriting profit (loss)	(18,263		)	2,852			—			(15,411		)
Net investment income	8,410			3,360			8			11,778
Net realized investment gains/losses and change in unrealized gains on equity investments	(4,692		)	(1,168		)	—			(5,860		)
Other income	2,095			678			—			2,773
Interest expense	171			—			—			171
Other expenses	244			—			587			831
Income (loss) before income tax expense (benefit)	$	(12,865	)	$	5,722		$	(579	)	$	(7,722	)

Six months ended June 30, 2019	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	251,069		$	84,366		$	—		$	335,435
Underwriting profit (loss):
SAP underwriting profit (loss)	(14,720		)	6,571			—			(8,149		)
GAAP adjustments	857			125			—			982
GAAP underwriting profit (loss)	(13,863		)	6,696			—			(7,167		)
Net investment income	18,267			7,416			31			25,714
Net realized investment gains/losses and change in unrealized gains on equity investments	17,098			10,087			(284		)	26,901
Other income	3,084			8			—			3,092
Interest expense	341			—			—			341
Other expenses	512			—			3,761			4,273
Income (loss) before income tax expense (benefit)	$	23,733		$	24,207		$	(4,014	)	$	43,926
Assets	$	1,254,989		$	525,750		$	631,092		$	2,411,831
Eliminations	—			—			(623,505		)	(623,505		)
Reclassifications	—			(101		)	(74		)	(175		)
Total assets	$	1,254,989		$	525,649		$	7,513		$	1,788,151

Six months ended June 30, 2018	Property and casualty insurance			Reinsurance			Parent company			Consolidated
($ in thousands)
Premiums earned	$	240,127		$	73,605		$	—		$	313,732
Underwriting profit (loss):
SAP underwriting profit (loss)	(29,220		)	5,270			—			(23,950		)
GAAP adjustments	2,183			(753		)	—			1,430
GAAP underwriting profit (loss)	(27,037		)	4,517			—			(22,520		)
Net investment income	16,558			6,578			13			23,149
Net realized investment gains/losses and change in unrealized gains on equity investments	(7,985		)	(3,268		)	—			(11,253		)
Other income	4,146			242			—			4,388
Interest expense	313			—			—			313
Other expenses	477			—			1,224			1,701
Income (loss) before income tax expense (benefit)	$	(15,108	)	$	8,069		$	(1,211	)	$	(8,250	)
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 and six months ended June 30, 2019 and 2018, by line of insurance.

	Three months ended June 30,				Six months ended June 30,
($ in thousands)	2019		2018		2019		2018
Property and casualty insurance
Commercial lines:
Automobile	$	34,260	$	31,660	$	67,167	$	62,304
Property	28,853		27,196		56,524		53,788
Workers' compensation	24,032		25,229		47,575		50,131
Other liability	29,170		25,591		58,075		50,553
Other	2,501		2,228		5,007		4,414
Total commercial lines	118,816		111,904		234,348		221,190
Personal lines	7,481		9,591		16,721		18,937
Total property and casualty insurance	$	126,297	$	121,495	$	251,069	$	240,127
Reinsurance
Pro rata reinsurance	$	11,147	$	10,070	$	24,153	$	23,143
Excess of loss reinsurance	30,689		26,381		60,213		50,462
Total reinsurance	$	41,836	$	36,451	$	84,366	$	73,605
Consolidated	$	168,133	$	157,946	$	335,435	$	313,732