XML 51 R38.htm IDEA: XBRL DOCUMENT v3.20.2
OPERATING SEGMENT INFORMATION - Reconciliation of Segment Totals to Total Earnings (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES            
Net premiums earned $ 208,734   $ 207,541   $ 424,316 $ 412,230
Net investment income 16,917   16,998   34,695 33,563
Net realized gains (losses) (2,109)   4,764   13,043 13,832
Net unrealized gains (losses) on equity securities 74,705   8,810   (55,690) 42,308
Consolidated revenue 298,247   238,113   416,364 501,933
NET EARNINGS            
Net underwriting income 24,163   14,932   41,402 37,365
Net investment income 16,917   16,998   34,695 33,563
Net realized gains (losses) (2,109)   4,764   13,043 13,832
Net unrealized gains (losses) on equity securities 74,705   8,810   (55,690) 42,308
General corporate expense and interest on debt (3,897)   (5,144)   (7,549) (10,281)
Equity in earnings of unconsolidated investees 5,100   8,468   9,614 13,782
Earnings before income taxes 114,879   48,828   35,515 130,569
Income tax expense 22,713   8,361   4,616 24,629
Net earnings 92,166 $ (61,267) 40,467 $ 65,473 30,899 105,940
Casualty segment            
REVENUES            
Net premiums earned 135,215   138,344   278,635 275,244
NET EARNINGS            
Net underwriting income 9,733   6,939   8,410 12,282
Property segment            
REVENUES            
Net premiums earned 45,387   39,972   89,735 78,718
NET EARNINGS            
Net underwriting income 6,167   (436)   16,075 7,810
Surety segment            
REVENUES            
Net premiums earned 28,132   29,225   55,946 58,268
NET EARNINGS            
Net underwriting income $ 8,263   $ 8,429   $ 16,917 $ 17,273