OPERATING SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2011

OPERATING SEGMENT INFORMATION

Schedule of reconciliation of revenues and net earnings from segments to consolidated

	For the Three-Month Periods				For the Six-Month Periods
	Ended June 30,				Ended June 30,
	REVENUES				REVENUES
	2011		2010		2011		2010
Casualty	$	58,332	$	58,640	$	113,311	$	118,006
Property	47,963		43,644		88,789		81,966
Surety	24,531		19,474		44,777		38,050
Net premiums earned	$	130,826	$	121,758	$	246,877	$	238,022
Net investment income	15,180		16,765		31,483		33,365
Net realized gains	10,050		4,291		14,522		10,754
Total consolidated revenue	$	156,056	$	142,814	$	292,882	$	282,141

	NET EARNINGS						NET EARNINGS
	2011			2010			2011			2010
Casualty	$	26,920		$	13,594		$	31,594		$	14,208
Property	9,167			9,334			18,548			17,381
Surety	9,678			7,873			14,655			11,927
Net underwriting income	$	45,765		$	30,801		$	64,797		$	43,516
Net investment income	15,180			16,765			31,483			33,365
Net realized gains (losses)	10,050			4,291			14,522			10,754
General corporate expense and interest on debt	(3,476		)	(3,054		)	(6,993		)	(6,283		)
Equity in earnings of unconsolidated investee	3,886			3,426			6,502			5,679
Total earnings before income taxes	$	71,405		$	52,229		$	110,311		$	87,031
Income tax expense	24,024			17,235			36,469			27,816
Total net earnings	$	47,381		$	34,994		$	73,842		$	59,215

Schedule of revenues by major product type

	For the Three-Month Periods				For the Six-Month Periods
	Ended June 30,				Ended June 30,
(in thousands)	2011		2010		2011		2010
Casualty
General liability	$	21,160	$	24,799	$	43,124	$	49,779
Commercial and personal umbrella	15,713		15,298		31,285		30,494
Commercial transportation	8,604		10,356		17,517		20,783
Executive products	4,336		3,766		8,558		7,737
P&C package business	4,109		—		4,109		—
Professional services	1,899		904		3,388		1,584
Specialty programs	1,089		1,816		2,429		4,113
Other	1,422		1,701		2,901		3,516
Total	$	58,332	$	58,640	$	113,311	$	118,006
Property
Commercial property	$	20,386	$	20,130	$	40,599	$	40,162
Marine	12,849		12,060		25,321		23,228
Crop reinsurance	6,262		5,109		7,334		6,000
Property reinsurance	4,580		3,549		8,369		6,969
Other property	3,886		2,796		7,166		5,607
Total	$	47,963	$	43,644	$	88,789	$	81,966
Surety	$	24,531	$	19,474	$	44,777	$	38,050
Grand Total	$	130,826	$	121,758	$	246,877	$	238,022