Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of Selected Information by Operating Segment

	For the Three Months
Revenues	Ended March 31,
(in thousands)	2023		2022
Casualty	$	186,031	$	171,756
Property		88,767		67,440
Surety		32,925		29,956
Net premiums earned	$	307,723	$	269,152
Net investment income		27,084		17,883
Net realized gains		14,620		5,588
Net unrealized gains (losses) on equity securities		15,496		(27,810)
Total consolidated revenue	$	364,923	$	264,813
Net Earnings
(in thousands)	2023		2022
Casualty	$	31,831	$	27,647
Property		28,383		22,476
Surety		7,676		9,355
Net underwriting income	$	67,890	$	59,478
Net investment income		27,084		17,883
Net realized gains		14,620		5,588
Net unrealized gains (losses) on equity securities		15,496		(27,810)
General corporate expense and interest on debt		(6,222)		(5,373)
Equity in earnings of unconsolidated investees		3,923		8,759
Earnings before income taxes	$	122,791	$	58,525
Income tax expense		23,980		10,602
Net earnings	$	98,811	$	47,923

Summary of Revenue by Major Product Type

	For the Three Months
Net Premiums Earned	Ended March 31,
(in thousands)	2023		2022
Casualty
Commercial excess and personal umbrella	$	67,582	$	60,072
General liability		25,900		23,740
Commercial transportation		25,232		23,628
Professional services		24,357		23,555
Small commercial		17,941		16,645
Executive products		6,353		6,577
Other casualty		18,666		17,539
Total	$	186,031	$	171,756
Property
Commercial property	$	49,262	$	33,289
Marine		30,636		26,729
Other property		8,869		7,422
Total	$	88,767	$	67,440
Surety
Commercial	$	12,418	$	11,703
Miscellaneous		12,047		11,353
Contract		8,460		6,900
Total	$	32,925	$	29,956
Grand Total	$	307,723	$	269,152