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Segment Information | 9 Months Ended
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Sep. 30, 2011
Segment Reporting [Abstract] |
Segment Information | NOTE 9. Segment Information We have classified our operations into two segments, the disaggregated results of which are reported to and used by senior management to manage our operations: Insurance Operations, which is evaluated based on statutory underwriting results (net premiums earned, incurred losses and loss expenses, policyholders dividends, policy acquisition costs, and other underwriting expenses), and statutory combined ratios; and Investments, which is evaluated based on net investment income and net realized gains and losses. In computing the results of each segment, we do not make adjustments for interest expense, net general corporate expenses, or federal income taxes. We do not maintain separate investment portfolios for the segments and therefore, do not allocate assets to the segments. In addition, we do not aggregate any of our operating segments. The following summaries present revenue from continuing operations (net investment income and net realized gain (loss) on investments in the case of the Investments segment) and pre-tax income from continuing operations for the individual segments.
Revenue from Continuing Operations by Segment |  | Quarter ended |  | Nine Months ended
|  | September 30, |  | September 30,
($ in thousands) |  | 2011 |  | 2010 |  | 2011 |  | 2010
Insurance Operations: |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |
Commercial automobile | $ | 70,174 |  | 73,440 |  | 209,042 |  | 220,932
Workers compensation |  | 63,497 |  | 63,165 |  | 189,878 |  | 189,875
General liability |  | 87,479 |  | 83,250 |  | 255,717 |  | 252,438
Commercial property |  | 48,051 |  | 49,558 |  | 144,121 |  | 150,188
Business owners' policies |  | 16,663 |  | 16,400 |  | 49,555 |  | 48,838
Bonds |  | 4,727 |  | 4,884 |  | 14,219 |  | 14,315
Other |  | 1,772 |  | 2,528 |  | 6,889 |  | 7,548
Total commercial lines |  | 292,363 |  | 293,225 |  | 869,421 |  | 884,134
Personal automobile |  | 37,371 |  | 35,927 |  | 111,522 |  | 105,490
Homeowners |  | 25,923 |  | 22,544 |  | 75,538 |  | 64,163
Other |  | 3,306 |  | 3,013 |  | 9,405 |  | 9,314
Total personal lines |  | 66,600 |  | 61,484 |  | 196,465 |  | 178,967
Total net premiums earned |  | 358,963 |  | 354,709 |  | 1,065,886 |  | 1,063,101
Other income |  | 1,255 |  | 1,916 |  | 6,413 |  | 6,413
Total Insurance Operations revenues |  | 360,218 |  | 356,625 |  | 1,072,299 |  | 1,069,514
Investments: |  |  |  |  |  |  |  |
Net investment income |  | 35,786 |  | 32,986 |  | 118,604 |  | 104,237
Net realized (loss) gain on investments |  | (2,045) |  | 57 |  | 5,861 |  | (3,271)
Total investment revenues |  | 33,741 |  | 33,043 |  | 124,465 |  | 100,966
Total all segments |  | 393,959 |  | 389,668 |  | 1,196,764 |  | 1,170,480
Other income |  | 110 |  | 34 |  | 331 |  | 52
Total revenues from continuing operations | $ | 394,069 |  | 389,702 |  | 1,197,095 |  | 1,170,532
Income from Continuing Operations, Before Federal Income Tax |  | Quarter ended |  | Nine Months ended
|  | September 30, |  | September 30,
($ in thousands) |  | 2011 |  | 2010 |  | 2011 |  | 2010
Insurance Operations: |  |  |  |  |  |  |  |
Commercial lines underwriting | $ | (39,332) |  | (26) |  | (66,497) |  | (7,693)
Personal lines underwriting |  | (28,792) |  | (3,907) |  | (45,393) |  | (14,006)
Underwriting loss, before federal income tax |  | (68,124) |  | (3,933) |  | (111,890) |  | (21,699)
GAAP combined ratio |  | 119.0 | % | 101.1 |  | 110.5 | % | 102.0
Statutory combined ratio |  | 116.4 | % | 100.3 |  | 109.6 | % | 101.4
Investments: |  |  |  |  |  |  |  |
Net investment income | $ | 35,786 |  | 32,986 |  | 118,604 |  | 104,237
Net realized (loss) gain on investments |  | (2,045) |  | 57 |  | 5,861 |  | (3,271)
Total investment income, before federal income tax |  | 33,741 |  | 33,043 |  | 124,465 |  | 100,966
Total all segments |  | (34,383) |  | 29,110 |  | 12,575 |  | 79,267
Interest expense |  | (4,559) |  | (4,559) |  | (13,675) |  | (14,056)
General corporate and other expenses |  | (1,886) |  | (2,491) |  | (10,735) |  | (12,656)
(Loss) income from continuing operations, before federal income tax | $ | (40,828) |  | 22,060 |  | (11,835) |  | 52,555

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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