Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2012

Reportable Segments [Abstract]

Schedule of segment reporting information by segment

The following table provides certain revenue and profit and loss information for each reportable segment. All amounts presented are computed based upon U.S. generally accepted accounting principles. Segment profit for Property and Casualty Insurance includes the direct marketing agency operations conducted by the parent company for this segment and is computed after elimination of inter-company commissions.

	2012						2011
	Direct and Assumed Premium Written		Net Premium Earned		Segment Profit		Direct and Assumed Premium Written		Net Premium Earned		Segment Profit (Loss)
Three months ended September 30:
Property and Casualty Insurance	$	68,072	$	42,972	$	5,089	$	65,419	$	45,833	$	5,522
Reinsurance		13,165		11,881		5,539		15,072		14,596		(7,737	)
Totals	$	81,237	$	54,853	$	10,628	$	80,491	$	60,429	$	(2,215	)
Nine months ended September 30:
Property and Casualty Insurance	$	208,058	$	139,048	$	18,871	$	204,832	$	138,703	$	13,122
Reinsurance		42,085		37,011		17,013		43,821		41,671		(42,956	)
Totals	$	250,143	$	176,059	$	35,884	$	248,653	$	180,374	$	(29,834	)

Reconciliation of operating profit (Loss) from segments to consolidated

The following table reconciles reportable segment income (loss) to the Company's consolidated income (loss) before federal income taxes.

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2012			2011			2012			2011
Profit (Loss):
Segment profit (loss)	$	10,628		$	(2,215	)	$	35,884		$	(29,834	)
Net investment income		2,343			2,779			7,196			8,076
Net gains (losses) on investments		8,781			(17,460	)		8,709			(20,892	)
Corporate expenses		(4,198	)		(3,285	)		(11,977	)		(9,940	)
Income (loss) before federal income taxes	$	17,554		$	(20,181	)	$	39,812		$	(52,590	)