Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Summary of Selected Information by Operating Segment

	For the Three Months				For the Nine Months
Revenues	Ended September 30,				Ended September 30,
(in thousands)	2023		2022		2023		2022
Casualty	$	189,305	$	179,615	$	562,384	$	528,494
Property		94,988		80,844		285,596		222,974
Surety		34,116		31,009		100,432		91,962
Net premiums earned	$	318,409	$	291,468	$	948,412	$	843,430
Net investment income		31,963		21,270		87,835		57,625
Net realized gains		6,558		573,170		26,758		591,562
Net unrealized gains (losses) on equity securities		(25,236)		(26,414)		15,474		(155,218)
Total consolidated revenue	$	331,694	$	859,494	$	1,078,479	$	1,337,399
Net Earnings
(in thousands)	2023		2022		2023		2022
Casualty	$	18,670	$	11,329	$	57,478	$	60,418
Property		(20,671)		(8,308)		33,589		40,273
Surety		6,248		5,775		22,271		23,539
Net underwriting income (loss)	$	4,247	$	8,796	$	113,338	$	124,230
Net investment income		31,963		21,270		87,835		57,625
Net realized gains		6,558		573,170		26,758		591,562
Net unrealized gains (losses) on equity securities		(25,236)		(26,414)		15,474		(155,218)
General corporate expense and interest on debt		(4,245)		(4,768)		(16,733)		(14,587)
Equity in earnings (loss) of unconsolidated investees		1,732		(17,352)		7,169		3,061
Earnings before income taxes	$	15,019	$	554,702	$	233,841	$	606,673
Income tax expense		1,483		114,809		43,842		121,096
Net earnings	$	13,536	$	439,893	$	189,999	$	485,577

Summary of Revenue by Major Product Type

	For the Three Months				For the Nine Months
Net Premiums Earned	Ended September 30,				Ended September 30,
(in thousands)	2023		2022		2023		2022
Casualty
Commercial excess and personal umbrella	$	72,559	$	65,131	$	209,402	$	187,666
General liability		25,250		25,284		77,166		74,130
Commercial transportation		25,843		24,205		76,473		71,774
Professional services		24,882		24,174		73,841		71,590
Small commercial		18,096		17,005		54,492		50,463
Executive products		5,943		6,556		18,449		20,208
Other casualty		16,732		17,260		52,561		52,663
Total	$	189,305	$	179,615	$	562,384	$	528,494
Property
Commercial property	$	63,783	$	43,201	$	173,264	$	115,419
Marine		33,436		29,592		96,484		84,499
Other property		(2,231)		8,051		15,848		23,056
Total	$	94,988	$	80,844	$	285,596	$	222,974
Surety
Commercial	$	12,653	$	12,057	$	37,576	$	35,423
Miscellaneous		11,966		10,751		35,900		33,691
Contract		9,497		8,201		26,956		22,848
Total	$	34,116	$	31,009	$	100,432	$	91,962
Grand Total	$	318,409	$	291,468	$	948,412	$	843,430