Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Summary of Selected Information by Operating Segment

	For the Three Months				For the Six Months
Revenues	Ended June 30,				Ended June 30,
(in thousands)	2024		2023		2024		2023
Casualty	$	209,100	$	187,048	$	407,376	$	373,079
Property		134,097		101,841		263,508		190,608
Surety		35,868		33,391		68,857		66,316
Net premiums earned	$	379,065	$	322,280	$	739,741	$	630,003
Net investment income		33,961		28,788		66,808		55,872
Net realized gains (losses)		(192)		5,580		5,802		20,200
Net unrealized gains on equity securities		3,608		25,214		48,922		40,710
Total consolidated revenue	$	416,442	$	381,862	$	861,273	$	746,785
Net Earnings
(in thousands)	2024		2023		2024		2023
Casualty	$	10,315	$	6,977	$	23,989	$	38,808
Property		53,180		25,877		110,896		54,260
Surety		6,529		8,347		12,834		16,023
Net underwriting income	$	70,024	$	41,201	$	147,719	$	109,091
Net investment income		33,961		28,788		66,808		55,872
Net realized gains (losses)		(192)		5,580		5,802		20,200
Net unrealized gains on equity securities		3,608		25,214		48,922		40,710
General corporate expense and interest on debt		(5,744)		(6,266)		(12,372)		(12,488)
Equity in earnings of unconsolidated investees		1,646		1,514		6,415		5,437
Earnings before income taxes	$	103,303	$	96,031	$	263,294	$	218,822
Income tax expense		21,311		18,379		53,402		42,359
Net earnings	$	81,992	$	77,652	$	209,892	$	176,463

Summary of Revenue by Major Product Type

	For the Three Months				For the Six Months
Net Premiums Earned	Ended June 30,				Ended June 30,
(in thousands)	2024		2023		2024		2023
Casualty
Commercial excess and personal umbrella	$	85,986	$	69,261	$	166,021	$	136,843
Commercial transportation		29,323		25,398		56,624		50,630
General liability		26,104		26,016		51,516		51,916
Professional services		26,000		24,602		51,085		48,959
Small commercial		19,459		18,455		37,796		36,396
Executive products		5,448		6,153		11,363		12,506
Other casualty		16,780		17,163		32,971		35,829
Total	$	209,100	$	187,048	$	407,376	$	373,079
Property
Commercial property	$	87,400	$	60,219	$	175,005	$	109,481
Marine		37,069		32,412		69,637		63,048
Other property		9,628		9,210		18,866		18,079
Total	$	134,097	$	101,841	$	263,508	$	190,608
Surety
Transactional	$	12,308	$	11,887	$	24,416	$	23,934
Commercial		12,700		12,505		23,325		24,923
Contract		10,860		8,999		21,116		17,459
Total	$	35,868	$	33,391	$	68,857	$	66,316
Grand Total	$	379,065	$	322,280	$	739,741	$	630,003