OPERATING SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2013

OPERATING SEGMENT INFORMATION

Schedule of revenues and net earnings by segment

SEGMENT DATA (in thousands)

	For the Three-Month Periods
	Ended March 31,
	REVENUES
	2013		2012
Casualty	$	72,969	$	63,510
Property	44,981		46,992
Surety	26,201		26,778
Segment totals before income taxes	$	144,151	$	137,280
Net investment income	12,886		15,293
Net realized gains	3,684		11,416
Total consolidated revenue	$	160,721	$	163,989

	NET EARNINGS
	2013			2012
Casualty	$	4,104		$	552
Property	10,924			11,917
Surety	4,770			2,472
Net underwriting income	$	19,798		$	14,941
Net investment income	12,886			15,293
Net realized gains	3,684			11,416
General corporate expense and interest on debt	(3,898		)	(3,487		)
Equity in earnings of unconsolidated investee	3,499			2,946
Total earnings before income taxes	$	35,969		$	41,109
Income tax expense	11,122			13,071
Total net earnings	$	24,847		$	28,038

Schedule of net premiums earned by major product type

	For the Three-Month Periods
	Ended March 31,
(in thousands)	2013		2012
Casualty
General liability	$	20,777	$	20,757
Commercial and personal umbrella	18,950		16,160
Commercial transportation	9,934		8,307
P&C package business	7,421		6,899
Executive products	4,346		3,810
Professional services	9,009		5,668
Specialty programs	504		705
Medical professional liability	750		—
Other	1,278		1,204
Total	$	72,969	$	63,510
Property
Commercial property	$	19,616	$	18,552
Marine	14,614		15,214
Crop reinsurance	1,267		1,050
Property reinsurance	5,272		7,387
Other property	4,212		4,789
Total	$	44,981	$	46,992
Surety
Miscellaneous	$	9,481	$	9,786
Contract	6,459		6,550
Commercial	5,711		5,405
Oil and Gas	4,550		5,037
Total	$	26,201	$	26,778
Grand Total	$	144,151	$	137,280