XML 23 R25.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Segment Reporting [Abstract] |
Schedule of Revenue By Segment |
Revenue by Segment |  | Quarter ended September 30, |  | Nine Months ended September 30,
($ in thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Standard Commercial Lines: |  |  |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |  |  |
Commercial automobile |  | $ | 90,758 |  |  | 83,536 |  |  | 265,771 |  |  | 249,224 |
Workers compensation |  | 74,560 |  |  | 66,732 |  |  | 213,991 |  |  | 205,137 |
General liability |  | 123,252 |  |  | 110,894 |  |  | 357,430 |  |  | 331,303 |
Commercial property |  | 68,587 |  |  | 61,304 |  |  | 199,699 |  |  | 182,716 |
Businessowners’ policies |  | 23,726 |  |  | 21,649 |  |  | 69,603 |  |  | 63,797 |
Bonds |  | 5,031 |  |  | 4,791 |  |  | 15,137 |  |  | 14,281 |
Other |  | 3,628 |  |  | 3,237 |  |  | 10,649 |  |  | 9,633 |
Miscellaneous income |  | 448 |  |  | 2,830 |  |  | 4,680 |  |  | 13,315 |
Total Standard Commercial Lines revenue |  | 389,990 |  |  | 354,973 |  |  | 1,136,960 |  |  | 1,069,406 |
Standard Personal Lines: |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |
Personal automobile |  | 36,623 |  |  | 37,695 |  |  | 110,373 |  |  | 113,943 |
Homeowners |  | 33,670 |  |  | 33,957 |  |  | 101,122 |  |  | 100,831 |
Other |  | 1,795 |  |  | 2,725 |  |  | 5,143 |  |  | 8,965 |
Miscellaneous income |  | 250 |  |  | 366 |  |  | 841 |  |  | 1,608 |
Total Standard Personal Lines revenue |  | 72,338 |  |  | 74,743 |  |  | 217,479 |  |  | 225,347 |
E&S Lines: |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |
General liability |  | 32,395 |  |  | 24,659 |  |  | 87,914 |  |  | 70,526 |
Commercial property |  | 11,309 |  |  | 10,048 |  |  | 31,428 |  |  | 28,544 |
Commercial automobile |  | 2,056 |  |  | 1,412 |  |  | 5,562 |  |  | 3,859 |
Total E&S Lines revenue |  | 45,760 |  |  | 36,119 |  |  | 124,904 |  |  | 102,929 |
Investments: |  |  |  |  |  |  |  |  |  |  |  |
Net investment income |  | 32,061 |  |  | 34,292 |  |  | 91,208 |  |  | 106,600 |
Net realized investment gains |  | 308 |  |  | 15,231 |  |  | 15,771 |  |  | 26,988 |
Total Investments revenue |  | 32,369 |  |  | 49,523 |  |  | 106,979 |  |  | 133,588 |
Total segments revenue |  | 540,457 |  |  | 515,358 |  |  | 1,586,322 |  |  | 1,531,270 |
Other income |  | — |  |  | — |  |  | — |  |  | 8 |
Total revenues |  | $ | 540,457 |  |  | 515,358 |  |  | 1,586,322 |  |  | 1,531,278 |
Schedule of Income Before Federal Income Tax |
Income Before Federal Income Tax |  | Quarter ended September 30, |  | Nine Months ended September 30,
($ in thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Standard Commercial Lines: |  |  |  |  |  |  |  |  |  |
Underwriting gain |  | $ | 44,027 |  |  | 27,771 |  |  | 109,304 |  |  | 39,844 |
GAAP combined ratio |  | 88.7 | % |  | 92.1 |  |  | 90.3 |  |  | 96.2 |
Statutory combined ratio |  | 88.4 |  |  | 90.9 |  |  | 89.4 |  |  | 95.5 |
Standard Personal Lines: |  |  |  |  |  |  |  |
Underwriting gain (loss) |  | $ | 2,826 |  |  | 8,037 |  |  | (4,295 | ) |  | 95 |
GAAP combined ratio |  | 96.1 | % |  | 89.2 |  |  | 102.0 |  |  | 100.0 |
Statutory combined ratio |  | 95.0 |  |  | 88.9 |  |  | 101.7 |  |  | 99.9 |
E&S Insurance Operations: |  |  |  |  |  |  |  |
Underwriting loss |  | $ | (2,022 | ) |  | (1,371 | ) |  | (5,033 | ) |  | (433 | )
GAAP combined ratio |  | 104.4 | % |  | 103.8 |  |  | 104.0 |  |  | 100.4 |
Statutory combined ratio |  | 101.1 |  |  | 102.9 |  |  | 101.8 |  |  | 100.3 |
Investments: |  |  |  |  |  |  |  |  |  |
Net investment income |  | $ | 32,061 |  |  | 34,292 |  |  | 91,208 |  |  | 106,600 |
Net realized investment gains |  | 308 |  |  | 15,231 |  |  | 15,771 |  |  | 26,988 |
Total investment income, before federal income tax |  | 32,369 |  |  | 49,523 |  |  | 106,979 |  |  | 133,588 |
Tax on investment income |  | 7,614 |  |  | 13,858 |  |  | 26,186 |  |  | 36,374 |
Total investment income, after federal income tax |  | $ | 24,755 |  |  | 35,665 |  |  | 80,793 |  |  | 97,214 |
Schedule of Reconciliation of Segment Results to Income Before Federal Income Tax |
Reconciliation of Segment Results to Income Before Federal Income Tax |  | Quarter ended September 30, |  | Nine Months ended September 30,
($ in thousands) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Underwriting gain (loss), before federal income tax |  |  |  |  |  |  |  |
Standard Commercial Lines |  | $ | 44,027 |  |  | 27,771 |  |  | 109,304 |  |  | 39,844 |
Standard Personal Lines |  | 2,826 |  |  | 8,037 |  |  | (4,295 | ) |  | 95 |
E&S Lines |  | (2,022 | ) |  | (1,371 | ) |  | (5,033 | ) |  | (433 | )
Investment income, before federal income tax |  | 32,369 |  |  | 49,523 |  |  | 106,979 |  |  | 133,588 |
Total all segments |  | 77,200 |  |  | 83,960 |  |  | 206,955 |  |  | 173,094 |
Interest expense |  | (5,489 | ) |  | (5,558 | ) |  | (16,458 | ) |  | (16,544 | )
General corporate and other expenses |  | (5,872 | ) |  | (3,076 | ) |  | (21,603 | ) |  | (16,619 | )
Income before federal income tax |  | $ | 65,839 |  |  | 75,326 |  |  | 168,894 |  |  | 139,931 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: 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=51669610&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: 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=51669610&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration