XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.2
OPERATING SEGMENT INFORMATION - Reconciliation of Segment Totals to Total Earnings (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES            
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)
Consolidated revenue 238,113   219,337   501,933 405,228
NET EARNINGS            
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
Earnings before income taxes 48,828   39,562   130,569 53,940
Income tax expense 8,361   6,311   24,629 8,473
Net earnings 40,467 $ 65,473 33,251 $ 12,216 105,940 45,467
Casualty segment            
REVENUES            
Net premiums earned 138,344   129,613   275,244 255,463
NET EARNINGS            
Net underwriting income 6,939   2,854   12,282 4,415
Property segment            
REVENUES            
Net premiums earned 39,972   37,190   78,718 72,372
NET EARNINGS            
Net underwriting income (436)   3,647   7,810 9,529
Surety segment            
REVENUES            
Net premiums earned 29,225   29,719   58,268 58,714
NET EARNINGS            
Net underwriting income $ 8,429   $ 7,645   $ 17,273 $ 17,689