Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Financial Data by Segment

Financial data by segment for the three and six months ended June 30, 2024 and 2023 is as follows:

	Three Months Ended June 30,
	2024			2023
	(in thousands)
Revenues:
Premiums earned:
Commercial lines	$	134,489		$	130,808
Personal lines		99,822			85,452
GAAP premiums earned		234,311			216,260
Net investment income		11,068			10,157
Investment gains		737			2,504
Other		657			275
Total revenues	$	246,773		$	229,196
Income before income tax expense:
Underwriting loss:
Commercial lines	$	(9,319	)	$	(5,429	)
Personal lines		(405	)		(6,424	)
SAP underwriting loss		(9,724	)		(11,853	)
GAAP adjustments		2,795			1,649
GAAP underwriting loss		(6,929	)		(10,204	)
Net investment income		11,068			10,157
Investment gains		737			2,504
Other		136			(204	)
Income before income tax expense	$	5,012		$	2,253

	Six Months Ended June 30,
	2024			2023
	(in thousands)
Revenues:
Premiums earned:
Commercial lines	$	266,581		$	263,995
Personal lines		195,479			167,498
GAAP premiums earned		462,060			431,493
Net investment income		22,041			19,607
Investment gains		2,850			2,173
Other		962			669
Total revenues	$	487,913		$	453,942
Income before income tax expense:
Underwriting loss:
Commercial lines	$	(19,690	)	$	(13,353	)
Personal lines		(937	)		(5,562	)
SAP underwriting loss		(20,627	)		(18,915	)
GAAP adjustments		8,154			6,086
GAAP underwriting loss		(12,473	)		(12,829	)
Net investment income		22,041			19,607
Investment gains		2,850			2,173
Other		(157	)		(401	)
Income before income tax expense	$	12,261		$	8,550