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Reportable Segments
 12 Months Ended
Dec. 31, 2015
Reportable Segments [Abstract]  
Reportable Segments
Note J - Reportable Segments
The Company operates within two reportable business segments:  property and casualty insurance and reinsurance.  The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies as well as to independent contractors who contract with fleet transportation companies.  In addition, the Company provides private passenger automobile products to individuals, workers' compensation coverage to small businesses and professional liability products on a selective basis.  The reinsurance segment currently accepts professional liability cessions from other insurance companies. From 1992 until July 1, 2014, the reinsurance segment accepted property cessions from other insurance companies and retrocessions from reinsurance companies, principally reinsuring against catastrophes. Final exposure to property catastrophe losses expired on June 30, 2015.
The Company evaluates performance and allocates resources based on past or expected results from insurance underwriting operations before income taxes.  Underwriting gain or loss does not include net investment income or gains or losses on the Company's investment portfolio.  All investment-related revenues are managed at the corporate level.  Underwriting gain or loss for the property and casualty insurance segment includes revenue and expense from the Company's agency operations since the agency operations serve as a primary direct marketing facility for this segment.  Management does not identify or allocate assets to reportable segments when evaluating segment performance and depreciation expense is not material for any of the reportable segments.  The accounting policies of each reportable segment are the same as those described in the summary of significant accounting policies.
The following table provides certain profit and loss information for each reportable segment for the years ended December 31:
  
2015
  
2014
  
2013
 
Direct and assumed premium written:
      
Property and casualty insurance
 
$
366,668
  
$
343,200
  
$
314,784
 
Reinsurance
  
16,885
   
39,188
   
54,692
 
Totals
 
$
383,553
  
$
382,388
  
$
369,476
 
             
Net premium earned:
            
Property and casualty insurance
 
$
242,364
  
$
224,683
  
$
202,785
 
Reinsurance
  
20,971
   
36,944
   
49,958
 
Totals
 
$
263,335
  
$
261,627
  
$
252,743
 
             
Underwriting gain:
            
Property and casualty insurance
 
$
40,431
  
$
32,663
  
$
25,558
 
Reinsurance
  
(1,504
)
  
2,147
   
12,278
 
Totals
 
$
38,927
  
$
34,810
  
$
37,836
 

The following table reconciles reportable segment profits to the Company's consolidated income before federal income taxes:
  
2015
  
2014
  
2013
 
Profit:
      
Underwriting gain
 
$
38,927
  
$
34,810
  
$
37,836
 
Net investment income
  
12,498
   
9,055
   
8,770
 
Net realized gains (losses) on investments
  
(1,261
)
  
14,930
   
23,515
 
Corporate expenses
  
(16,212
)
  
(14,397
)
  
(15,211
)
Income before federal income taxes
 
$
33,952
  
$
44,398
  
$
54,910
 

One customer of the property and casualty insurance segment, FedEx Ground Systems, Inc. and certain of its subsidiaries and related entities ("FedEx") represents approximately $17,773, $18,951 and $27,004 of the Company's consolidated direct and assumed premium written in 2015, 2014 and 2013, respectively.
An additional $209,434, $197,767 and $171,615 for 2015, 2014 and 2013, respectively, is placed with the Company by a non-affiliated broker on behalf of contracted service providers of this same customer but this business is not dependent upon the direct business with this customer.