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Segment Information (Tables)
9 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract] 
Revenue from Continuing Operations By Segment

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

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