OPERATING SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

OPERATING SEGMENT INFORMATION

Schedule of revenues and net earnings by segment

	For the Three-Month Periods				For the Nine-Month Periods
REVENUES	Ended September 30,				Ended September 30,
(in thousands)	2015		2014		2015		2014
Net premiums earned:
Casualty	$	105,160	$	96,181	$	305,842	$	281,518
Property		44,685		54,143		128,084		146,252
Surety		29,603		27,423		86,864		79,713
Segment totals before income taxes	$	179,448	$	177,747	$	520,790	$	507,483
Net investment income		13,964		14,200		40,890		41,764
Net realized gains		7,534		5,708		25,622		22,640
Total consolidated revenue	$	200,946	$	197,655	$	587,302	$	571,887
NET EARNINGS
(in thousands)	2015		2014		2015		2014
Casualty	$	13,651	$	13,786	$	38,124	$	36,331
Property		9,216		7,498		22,220		19,469
Surety		10,726		9,144		25,723		23,729
Net underwriting income	$	33,593	$	30,428	$	86,067	$	79,529
Net investment income		13,964		14,200		40,890		41,764
Net realized gains		7,534		5,708		25,622		22,640
General corporate expense and interest on debt		(3,815)		(4,657)		(12,520)		(13,129)
Equity in earnings of unconsolidated investees		661		2,915		11,041		12,204
Total earnings before income taxes	$	51,937	$	48,594	$	151,100	$	143,008
Income tax expense		16,029		15,340		47,409		45,060
Total net earnings	$	35,908	$	33,254	$	103,691	$	97,948

Schedule of net premiums earned by major product type

	For the Three-Month Periods				For the Nine-Month Periods
NET PREMIUMS EARNED	Ended September 30,				Ended September 30,
(in thousands)	2015		2014		2015		2014
Casualty
Commercial and personal umbrella	$	26,500	$	25,256	$	77,809	$	75,036
General liability		20,146		20,095		60,725		60,550
Professional services		18,140		15,227		52,861		41,927
Commercial transportation		17,464		14,677		47,262		44,193
P&C package business		10,257		8,969		29,815		25,747
Executive products		4,459		4,760		13,745		14,165
Medical professional liability		3,032		3,546		9,168		10,970
Other casualty		5,162		3,651		14,457		8,930
Total	$	105,160	$	96,181	$	305,842	$	281,518
Property
Commercial property	$	18,546	$	20,188	$	57,498	$	60,675
Marine		12,029		12,115		34,930		37,278
Specialty personal		6,535		6,947		19,982		19,764
Property reinsurance		3,029		2,997		9,388		9,745
Crop reinsurance		4,523		11,802		6,210		18,671
Other property		23		94		76		119
Total	$	44,685	$	54,143	$	128,084	$	146,252
Surety
Miscellaneous	$	10,659	$	9,868	$	31,316	$	28,948
Commercial		7,546		6,521		22,039		18,968
Contract		7,472		6,879		21,091		19,896
Oil and gas		3,926		4,155		12,418		11,901
Total	$	29,603	$	27,423	$	86,864	$	79,713
Grand Total	$	179,448	$	177,747	$	520,790	$	507,483