Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Selected Information by Operating Segment

Selected information by operating segment is presented in the table below. Additionally, the table reconciles segment totals to total earnings and total revenues.

	For the Three Months
Revenues	Ended March 31,
(in thousands)	2022			2021
Casualty	$	171,756		$	148,770
Property		67,440			51,642
Surety		29,956			28,183
Net premiums earned	$	269,152		$	228,595
Net investment income		17,883			16,424
Net realized gains		5,588			14,150
Net unrealized gains (losses) on equity securities		(27,810	)		28,162
Total consolidated revenue	$	264,813		$	287,331
Net Earnings
(in thousands)	2022			2021
Casualty	$	27,647		$	24,867
Property		22,476			(1,005	)
Surety		9,355			6,055
Net underwriting income	$	59,478		$	29,917
Net investment income		17,883			16,424
Net realized gains		5,588			14,150
Net unrealized gains (losses) on equity securities		(27,810	)		28,162
General corporate expense and interest on debt		(5,373	)		(5,243	)
Equity in earnings of unconsolidated investees		8,759			6,424
Earnings before income taxes	$	58,525		$	89,834
Income tax expense		10,602			16,822
Net earnings	$	47,923		$	73,012

Summary of Revenue by Major Product Type

The following table further summarizes revenues by major product type within each operating segment:

	For the Three Months
Net Premiums Earned	Ended March 31,
(in thousands)	2022		2021
Casualty
Commercial excess and personal umbrella	$	60,072	$	51,554
General liability		23,740		22,407
Commercial transportation		23,628		16,830
Professional services		23,555		21,728
Small commercial		16,645		15,722
Executive products		6,577		5,241
Other casualty		17,539		15,288
Total	$	171,756	$	148,770
Property
Commercial property	$	33,289	$	22,712
Marine		26,729		22,958
Specialty personal		5,896		5,034
Other property		1,526		938
Total	$	67,440	$	51,642
Surety
Commercial	$	11,703	$	11,013
Miscellaneous		11,353		10,635
Contract		6,900		6,535
Total	$	29,956	$	28,183
Grand Total	$	269,152	$	228,595