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Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment		Quarter ended March 31,
($ in thousands)		2016				2015
Standard Commercial Lines:
Net premiums earned:
Commercial automobile		$	95,419			86,355
Workers compensation		76,000				68,477
General liability		128,085				114,971
Commercial property		70,178				64,563
Businessowners’ policies		23,904				22,699
Bonds		5,464				5,000
Other		3,839				3,468
Miscellaneous income		690				1,669
Total Standard Commercial Lines revenue		403,579				367,202
Standard Personal Lines:
Net premiums earned:
Personal automobile		35,780				37,010
Homeowners		32,900				33,721
Other		1,525				1,748
Miscellaneous income		260				300
Total Standard Personal Lines revenue		70,465				72,779
E&S Lines:
Net premiums earned:
General liability		35,522				26,726
Commercial property		11,444				9,655
Commercial automobile		2,398				1,730
Miscellaneous income		1				—
Total E&S Lines revenue		49,365				38,111
Investments:
Net investment income		30,769				26,917
Net realized investment (losses) gains		(2,704		)		18,883
Total Investments revenue		28,065				45,800
Total revenues		$	551,474			523,892

Income Before Federal Income Tax		Quarter ended March 31,
($ in thousands)		2016				2015
Standard Commercial Lines:
Underwriting gain		$	30,932			30,036
GAAP combined ratio		92.3		%		91.8
Statutory combined ratio		89.7				89.7
Standard Personal Lines:
Underwriting gain (loss)		$	8,605			(2,466	)
GAAP combined ratio		87.7		%		103.4
Statutory combined ratio		90.6				105.1
E&S Insurance Operations:
Underwriting gain (loss)		$	1,418			(1,549	)
GAAP combined ratio		97.1		%		104.1
Statutory combined ratio		98.4				102.1
Investments:
Net investment income		$	30,769			26,917
Net realized investment (losses) gains		(2,704		)		18,883
Total investment income, before federal income tax		28,065				45,800
Tax on investment income		6,263				12,318
Total investment income, after federal income tax		$	21,802			33,482

Schedule of Income Before Federal Income Tax

Income Before Federal Income Tax		Quarter ended March 31,
($ in thousands)		2016				2015
Standard Commercial Lines:
Underwriting gain		$	30,932			30,036
GAAP combined ratio		92.3		%		91.8
Statutory combined ratio		89.7				89.7
Standard Personal Lines:
Underwriting gain (loss)		$	8,605			(2,466	)
GAAP combined ratio		87.7		%		103.4
Statutory combined ratio		90.6				105.1
E&S Insurance Operations:
Underwriting gain (loss)		$	1,418			(1,549	)
GAAP combined ratio		97.1		%		104.1
Statutory combined ratio		98.4				102.1
Investments:
Net investment income		$	30,769			26,917
Net realized investment (losses) gains		(2,704		)		18,883
Total investment income, before federal income tax		28,065				45,800
Tax on investment income		6,263				12,318
Total investment income, after federal income tax		$	21,802			33,482

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

Reconciliation of Segment Results to Income Before Federal Income Tax		Quarter ended March 31,
($ in thousands)		2016				2015
Underwriting gain, before federal income tax
Standard Commercial Lines		$	30,932			30,036
Standard Personal Lines		8,605				(2,466	)
E&S Lines		1,418				(1,549	)
Investment income, before federal income tax		28,065				45,800
Total all segments		69,020				71,821
Interest expense		(5,606		)		(5,604	)
General corporate and other expenses		(11,539		)		(9,927	)
Income before federal income tax		$	51,875			56,290

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

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- 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
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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=68060357&loc=d3e8906-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

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-Publisher FASB
-Name Accounting Standards Codification
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