OPERATING SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2016

OPERATING SEGMENT INFORMATION

Schedule of revenues and net earnings by segment

	For the Three-Month Periods				For the Nine-Month Periods
REVENUES	Ended September 30,				Ended September 30,
(in thousands)	2016		2015		2016		2015
Casualty	$	115,619	$	105,160	$	336,572	$	305,842
Property		37,532		44,685		114,011		128,084
Surety		30,444		29,603		90,156		86,864
Net premiums earned	$	183,595	$	179,448	$	540,739	$	520,790
Net investment income		13,504		13,964		39,922		40,890
Net realized gains		9,252		7,534		23,362		25,622
Total consolidated revenue	$	206,351	$	200,946	$	604,023	$	587,302
NET EARNINGS
(in thousands)	2016		2015		2016		2015
Casualty	$	259	$	13,651	$	20,490	$	38,124
Property		468		9,216		13,911		22,220
Surety		9,877		10,726		23,523		25,723
Net underwriting income	$	10,604	$	33,593	$	57,924	$	86,067
Net investment income		13,504		13,964		39,922		40,890
Net realized gains		9,252		7,534		23,362		25,622
General corporate expense and interest on debt		(4,099)		(3,815)		(12,955)		(12,520)
Equity in earnings of unconsolidated investees		1,881		661		10,823		11,041
Total earnings before income taxes	$	31,142	$	51,937	$	119,076	$	151,100
Income tax expense		8,879		16,029		36,343		47,409
Total net earnings	$	22,263	$	35,908	$	82,733	$	103,691

Schedule of net premiums earned by major product type

	For the Three-Month Periods				For the Nine-Month Periods
NET PREMIUMS EARNED	Ended September 30,				Ended September 30,
(in thousands)	2016		2015		2016		2015
Casualty
Commercial and personal umbrella	$	27,844	$	26,500	$	82,510	$	77,809
General liability		20,821		20,146		61,573		60,725
Commercial transportation		21,557		17,464		60,037		47,262
Professional services		19,318		18,140		56,748		52,861
P&C package business		11,706		10,257		33,973		29,815
Executive products		4,716		4,459		14,126		13,745
Medical professional liability		4,512		3,032		12,509		9,168
Other casualty		5,145		5,162		15,096		14,457
Total	$	115,619	$	105,160	$	336,572	$	305,842
Property
Commercial property	$	16,819	$	18,546	$	51,528	$	57,498
Marine		11,964		12,029		36,070		34,930
Specialty personal		6,186		6,535		18,731		19,982
Property reinsurance		2,544		3,029		7,925		9,388
Crop reinsurance		19		4,523		(243)		6,210
Other property		-		23		-		76
Total	$	37,532	$	44,685	$	114,011	$	128,084
Surety
Miscellaneous	$	11,714	$	10,659	$	34,304	$	31,316
Commercial		7,221		7,546		22,030		22,039
Contract		6,906		7,472		20,332		21,091
Energy		4,603		3,926		13,490		12,418
Total	$	30,444	$	29,603	$	90,156	$	86,864
Grand Total	$	183,595	$	179,448	$	540,739	$	520,790