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Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule Of Revenue By Segment



Revenue by Segment		Quarter ended June 30,							Six Months ended June 30,
($ in thousands)		2015				2014			2015			2014
Standard Commercial Lines:
Net premiums earned:
Commercial automobile		$	88,658			83,472			175,013			165,688
Workers compensation		70,954				68,992			139,431			138,405
General liability		119,207				111,591			234,178			220,409
Commercial property		66,549				61,226			131,112			121,412
Businessowners’ policies		23,178				21,279			45,877			42,148
Bonds		5,106				4,734			10,106			9,490
Other		3,553				3,213			7,021			6,396
Miscellaneous income		2,563				1,571			4,232			10,485
Total Standard Commercial Lines revenue		379,768				356,078			746,970			714,433
Standard Personal Lines:
Net premiums earned:
Personal automobile		36,740				38,022			73,750			76,248
Homeowners		33,731				33,576			67,452			66,874
Other		1,600				2,946			3,348			6,240
Miscellaneous income		291				337			591			1,242
Total Standard Personal Lines revenue		72,362				74,881			145,141			150,604
E&S Lines:
Net premiums earned:
General liability		28,793				23,936			55,519			45,867
Commercial property		10,464				9,379			20,119			18,496
Commercial automobile		1,776				1,259			3,506			2,447
Total E&S Lines revenue		41,033				34,574			79,144			66,810
Investments:
Net investment income		32,230				36,774			59,147			72,308
Net realized investment (losses) gains		(3,420		)		4,539			15,463			11,757
Total Investments revenue		28,810				41,313			74,610			84,065
Total segments revenue		521,973				506,846			1,045,865			1,015,912
Other income		—				3			—			8
Total revenues		$	521,973			506,849			1,045,865			1,015,920

Schedule of Income Before Federal Income Tax



Income Before Federal Income Tax		Quarter ended June 30,							Six Months ended June 30,
($ in thousands)		2015				2014			2015			2014
Standard Commercial Lines:
Underwriting gain		$	35,241			15,703			65,277			12,073
GAAP combined ratio		90.7		%		95.6			91.2			98.3
Statutory combined ratio		90.1				95.5			89.9			97.8

Standard Personal Lines:
Underwriting loss		$	(4,655	)		(5,582	)		(7,121	)		(7,942	)
GAAP combined ratio		106.5		%		107.5			104.9			105.3
Statutory combined ratio		105.4				106.1			105.2			105.3

E&S Insurance Operations:
Underwriting (loss) gain		$	(1,462	)		(37	)		(3,011	)		938
GAAP combined ratio		103.6		%		100.1			103.8			98.6
Statutory combined ratio		102.7				99.9			102.5			98.8

Investments:
Net investment income		$	32,230			36,774			59,147			72,308
Net realized investment (losses) gains		(3,420		)		4,539			15,463			11,757
Total investment income, before federal income tax		28,810				41,313			74,610			84,065
Tax on investment income		6,254				10,941			18,572			22,516
Total investment income, after federal income tax		$	22,556			30,372			56,038			61,549

Schedule of Reconciliation of Segment Results to Income Before Federal Income Tax



Reconciliation of Segment Results to Income Before Federal Income Tax		Quarter ended June 30,							Six Months ended June 30,
($ in thousands)		2015				2014			2015			2014
Underwriting gain (loss), before federal income tax
Standard Commercial Lines		$	35,241			15,703			65,277			12,073
Standard Personal Lines		(4,655		)		(5,582	)		(7,121	)		(7,942	)
E&S Lines		(1,462		)		(37	)		(3,011	)		938
Investment income, before federal income tax		28,810				41,313			74,610			84,065
Total all segments		57,934				51,397			129,755			89,134
Interest expense		(5,490		)		(5,425	)		(10,969	)		(10,986	)
General corporate and other expenses		(5,679		)		(6,451	)		(15,731	)		(13,543	)
Income before federal income tax		$	46,765			39,521			103,055			64,605