OPERATING SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of revenues and net earnings by segment

	For the Three-Month Periods				For the Six-Month Periods
REVENUES	Ended June 30,				Ended June 30,
(in thousands)	2019		2018		2019		2018
Casualty	$	138,344	$	129,613	$	275,244	$	255,463
Property		39,972		37,190		78,718		72,372
Surety		29,225		29,719		58,268		58,714
Net premiums earned	$	207,541	$	196,522	$	412,230	$	386,549
Net investment income		16,998		14,577		33,563		28,809
Net realized gains		4,764		20,849		13,832		29,253
Net unrealized gains (losses) on equity securities		8,810		(12,611)		42,308		(39,383)
Total consolidated revenue	$	238,113	$	219,337	$	501,933	$	405,228
NET EARNINGS
(in thousands)	2019		2018		2019		2018
Casualty	$	6,939	$	2,854	$	12,282	$	4,415
Property		(436)		3,647		7,810		9,529
Surety		8,429		7,645		17,273		17,689
Net underwriting income	$	14,932	$	14,146	$	37,365	$	31,633
Net investment income		16,998		14,577		33,563		28,809
Net realized gains		4,764		20,849		13,832		29,253
Net unrealized gains (losses) on equity securities		8,810		(12,611)		42,308		(39,383)
General corporate expense and interest on debt		(5,144)		(4,499)		(10,281)		(8,638)
Equity in earnings of unconsolidated investees		8,468		7,100		13,782		12,266
Total earnings before income taxes	$	48,828	$	39,562	$	130,569	$	53,940
Income tax expense		8,361		6,311		24,629		8,473
Total net earnings	$	40,467	$	33,251	$	105,940	$	45,467

Schedule of net premiums earned by major product type

	For the Three-Month Periods				For the Six-Month Periods
NET PREMIUMS EARNED	Ended June 30,				Ended June 30,
(in thousands)	2019		2018		2019		2018
Casualty
Commercial excess and personal umbrella	$	34,340	$	30,649	$	66,621	$	60,601
General liability		25,347		23,338		49,235		46,503
Commercial transportation		20,508		20,648		40,912		39,823
Professional services		19,275		19,846		39,574		39,669
Small commercial		13,315		12,901		26,503		25,791
Executive products		6,381		5,144		12,450		10,196
Other casualty		19,178		17,087		39,949		32,880
Total	$	138,344	$	129,613	$	275,244	$	255,463
Property
Marine	$	18,579	$	14,941	$	35,600	$	28,798
Commercial property		16,275		17,856		33,150		34,807
Specialty personal		4,792		4,129		9,376		8,271
Other property		326		264		592		496
Total	$	39,972	$	37,190	$	78,718	$	72,372
Surety
Miscellaneous	$	11,280	$	11,719	$	22,882	$	23,361
Commercial		7,077		6,761		13,811		13,474
Contract		6,970		7,012		13,599		13,358
Energy		3,898		4,227		7,976		8,521
Total	$	29,225	$	29,719	$	58,268	$	58,714
Grand Total	$	207,541	$	196,522	$	412,230	$	386,549