XML 76 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Revenue from Continuing Operations By Segment
         

Revenue by Segment

 

Quarter ended

 

 

March 31,

($ in thousands)

 

2012

 

2011

Insurance Operations:

 

 

 

 

  Net premiums earned:

 

 

 

 

    Commercial automobile

$

70,484 

 

69,670 

    Workers compensation

 

65,811 

 

62,526 

    General liability

 

90,143 

 

82,566 

    Commercial property

 

49,371 

 

48,193 

    Business owners' policies

 

16,857 

 

16,485 

    Bonds

 

4,663 

 

4,767 

    Other

 

12,891 

 

2,556 

    Total commercial lines

 

310,220 

 

286,763 

    Personal automobile

 

37,456 

 

36,962 

    Homeowners

 

27,958 

 

24,555 

    Other

 

3,195 

 

3,063 

    Total personal lines

 

68,609 

 

64,580 

    Total net premiums earned

 

378,829 

 

351,343 

    Miscellaneous income

 

3,457 

 

2,770 

    Total Insurance Operations revenues

 

382,286 

 

354,113 

Investments:

 

 

 

 

    Net investment income

 

32,628 

 

43,473 

    Net realized gain on investments

 

4,358 

 

5,760 

    Total investment revenues

 

36,986 

 

49,233 

Total all segments

 

419,272 

 

403,346 

   Other income

 

76 

 

110 

Total revenues

$

419,348 

 

403,456 

Income From Continuing Operations, Before Federal Income Tax
         

Income Before Federal Income Tax

 

Quarter ended

 

 

March 31,

($ in thousands)

 

2012

 

2011

Insurance Operations:

 

 

 

 

    Commercial lines underwriting

$

(4,484)

 

(6,192)

    Personal lines underwriting

 

3,121 

 

(6,506)

    Underwriting loss, before federal income tax

 

(1,363)

 

(12,698)

     GAAP combined ratio

 

100.4 

%

103.6 

     Statutory combined ratio

 

99.1 

%

102.6 

Investments:

 

 

 

 

    Net investment income

$

32,628

 

43,473 

    Net realized gain on investments

 

4,358 

 

5,760 

    Total investment income, before federal income tax

 

36,986 

 

49,233 

Total all segments

 

35,623 

 

36,535 

    Interest expense

 

(4,700)

 

(4,557)

    General corporate and other expenses

 

(7,732)

 

(5,820)

 

 

 

 

 

Income before federal income tax

$

23,191

 

26,158