Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Segment Reporting Information, by Segment

The following table provides certain profit and loss information for each reportable segment for the years ended

December 31:

		2013		2012		2011
Direct and assumed premium written:
Property and casualty insurance		$	314,784	$	284,200	$	274,101
Reinsurance			54,692		57,086		60,425
	Totals	$	369,476	$	341,286	$	334,526

Net premium earned:
Property and casualty insurance		$	202,785	$	186,586	$	186,422
Reinsurance			49,958		50,875		58,148
	Totals	$	252,743	$	237,461	$	244,570

Underwriting gain (loss):
Property and casualty insurance		$	25,558	$	23,491	$	19,646
Reinsurance			12,278		20,567		(45,113	)
	Totals	$	37,836	$	44,058	$	(25,467

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles reportable segment profits to the Company’s consolidated income (loss) before federal income taxes:

		2013			2012			2011
Profit:
Underwriting gain (loss)		$	37,836		$	44,058		$	(25,467	)
Net investment income			8,770			9,930			10,729
Net realized gains (losses) on investments			23,515			9,011			(17,803	)
Corporate expenses			(15,211	)		(16,393	)		(12,748	)
	Income (loss) before federal income taxes	$	54,910		$	46,606		$	(45,289	)

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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