ACQUISITIONS	12 Months Ended
Dec. 31, 2013
ACQUISITIONS
ACQUISITIONS	13. ACQUISITIONS On November 2, 2012, we acquired Rockbridge, a Houston-based managing general agency. Rockbridge specializes in medical professional liability insurance in the excess and surplus markets. Coverage is offered to individual physicians and physician groups in all 50 states through a network of retail and wholesale brokers. Total consideration for the acquisition was $16.7 million, which included $15.5 million of cash paid at acquisition, and $1.2 million associated with the present value of a contingent earn-out agreement. The earn-out is subject to the achievement of certain loss ratio targets and may be adjusted, either upward or downward, in future periods based on actual performance achieved. As of December 31, 2013, the recorded value of the contingent earn-out agreement was $1.3 million. For 2013, Rockbridge contributed gross premiums written of $16.7 million and net premiums earned of $8.6 million. On April 28, 2011, we acquired CBIC through an acquisition of its holding company, Data and Staff Service Co., for $135.9 million in cash. CBIC is a Seattle-based insurance company specializing in surety bonds and related niche property and casualty insurance products. CBIC posted $55.4 million of gross premiums written in 2013, which included $37.0 million attributable to the casualty segment and $18.4 million attributable to surety. CBIC contributed pretax earnings of $12.5 million. While these figures reflect results posted by CBIC, the full financial impact of the acquisition extends beyond CBIC and also impacts RLI Insurance Company results. Integration efforts and synergies experienced after the acquisition have transitioned certain policies which were formerly written in CBIC to RLI Insurance Company. For 2012, CBIC contributed $54.9 million of gross premiums written and pretax earnings of $14.1 million. For 2011, CBIC contributed $36.0 million of gross premiums written and pretax earnings of $2.7 million.

ACQUISITIONS

12 Months Ended

Dec. 31, 2013

13. ACQUISITIONS

On November 2, 2012, we acquired Rockbridge, a Houston-based managing general agency. Rockbridge specializes in medical professional liability insurance in the excess and surplus markets. Coverage is offered to individual physicians and physician groups in all 50 states through a network of retail and wholesale brokers. Total consideration for the acquisition was $16.7 million, which included $15.5 million of cash paid at acquisition, and $1.2 million associated with the present value of a contingent earn-out agreement. The earn-out is subject to the achievement of certain loss ratio targets and may be adjusted, either upward or downward, in future periods based on actual performance achieved. As of December 31, 2013, the recorded value of the contingent earn-out agreement was $1.3 million. For 2013, Rockbridge contributed gross premiums written of $16.7 million and net premiums earned of $8.6 million.

On April 28, 2011, we acquired CBIC through an acquisition of its holding company, Data and Staff Service Co., for $135.9 million in cash. CBIC is a Seattle-based insurance company specializing in surety bonds and related niche property and casualty insurance products. CBIC posted $55.4 million of gross premiums written in 2013, which included $37.0 million attributable to the casualty segment and $18.4 million attributable to surety. CBIC contributed pretax earnings of $12.5 million. While these figures reflect results posted by CBIC, the full financial impact of the acquisition extends beyond CBIC and also impacts RLI Insurance Company results. Integration efforts and synergies experienced after the acquisition have transitioned certain policies which were formerly written in CBIC to RLI Insurance Company. For 2012, CBIC contributed $54.9 million of gross premiums written and pretax earnings of $14.1 million. For 2011, CBIC contributed $36.0 million of gross premiums written and pretax earnings of $2.7 million.