OPERATING SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

OPERATING SEGMENT INFORMATION

Schedule of revenues and net earnings by segment

	For the Three-Month Periods
REVENUES	Ended March 31,
(in thousands)	2016		2015
Casualty	$	108,593	$	98,768
Property		38,685		42,118
Surety		29,640		28,117
Net premiums earned	$	176,918	$	169,003
Net investment income		13,370		13,495
Net realized gains		11,400		13,286
Total consolidated revenue	$	201,688	$	195,784
NET EARNINGS
(in thousands)	2016		2015
Casualty	$	9,106	$	5,272
Property		6,198		8,176
Surety		6,000		4,190
Net underwriting income	$	21,304	$	17,638
Net investment income		13,370		13,495
Net realized gains		11,400		13,286
General corporate expense and interest on debt		(4,232)		(4,100)
Equity in earnings of unconsolidated investees		3,751		4,194
Total earnings before income taxes	$	45,593	$	44,513
Income tax expense		14,200		13,915
Total net earnings	$	31,393	$	30,598

Schedule of net premiums earned by major product type

	For the Three-Month Periods
NET PREMIUMS EARNED	Ended March 31,
(in thousands)	2016		2015
Casualty
Commercial and personal umbrella	$	27,130	$	25,297
General liability		20,013		19,972
Professional services		18,538		17,080
Commercial transportation		18,274		14,681
P&C package business		10,900		9,649
Executive products		4,835		4,685
Medical professional liability		3,815		3,104
Other casualty		5,088		4,300
Total	$	108,593	$	98,768
Property
Commercial property	$	17,596	$	19,903
Marine		12,300		11,917
Specialty personal		6,308		6,790
Property reinsurance		2,762		3,017
Crop reinsurance		(281)		465
Other property		-		26
Total	$	38,685	$	42,118
Surety
Miscellaneous	$	11,097	$	10,168
Commercial		7,354		6,901
Contract		6,743		6,830
Energy		4,446		4,218
Total	$	29,640	$	28,117
Grand Total	$	176,918	$	169,003