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Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment		Quarter ended March 31,
($ in thousands)		2017				2016
Standard Commercial Lines:
Net premiums earned:
Commercial automobile		$	107,129			95,419
Workers compensation		79,326				76,000
General liability		139,984				128,085
Commercial property		76,391				70,178
Businessowners’ policies		24,845				23,904
Bonds		6,498				5,464
Other		4,241				3,839
Miscellaneous income		2,860				690
Total Standard Commercial Lines revenue		441,274				403,579
Standard Personal Lines:
Net premiums earned:
Personal automobile		36,950				35,780
Homeowners		32,700				32,900
Other		1,551				1,525
Miscellaneous income		381				260
Total Standard Personal Lines revenue		71,582				70,465
E&S Lines:
Net premiums earned:
Commercial liability		37,912				36,856
Commercial property		13,327				12,508
Miscellaneous income		—				1
Total E&S Lines revenue		51,239				49,365
Investments:
Net investment income		37,419				30,769
Net realized investment losses		(1,045		)		(2,704	)
Total Investments revenue		36,374				28,065
Total revenues		$	600,469			551,474

Income Before Federal Income Tax		Quarter ended March 31,
($ in thousands)		2017				2016
Standard Commercial Lines:
Underwriting gain		$	42,546			30,932
GAAP combined ratio		90.3		%		92.3
Statutory combined ratio		88.3				89.7
Standard Personal Lines:
Underwriting gain		$	5,106			8,605
GAAP combined ratio		92.8		%		87.7
Statutory combined ratio		93.9				90.6
E&S Lines:
Underwriting gain		$	1,570			1,418
GAAP combined ratio		96.9		%		97.1
Statutory combined ratio		95.9				98.4
Investments:
Net investment income		$	37,419			30,769
Net realized investment losses		(1,045		)		(2,704	)
Total investment income, before federal income tax		36,374				28,065
Tax on investment income		9,602				6,263
Total investment income, after federal income tax		$	26,772			21,802

Schedule of Income Before Federal Income Tax

Income Before Federal Income Tax		Quarter ended March 31,
($ in thousands)		2017				2016
Standard Commercial Lines:
Underwriting gain		$	42,546			30,932
GAAP combined ratio		90.3		%		92.3
Statutory combined ratio		88.3				89.7
Standard Personal Lines:
Underwriting gain		$	5,106			8,605
GAAP combined ratio		92.8		%		87.7
Statutory combined ratio		93.9				90.6
E&S Lines:
Underwriting gain		$	1,570			1,418
GAAP combined ratio		96.9		%		97.1
Statutory combined ratio		95.9				98.4
Investments:
Net investment income		$	37,419			30,769
Net realized investment losses		(1,045		)		(2,704	)
Total investment income, before federal income tax		36,374				28,065
Tax on investment income		9,602				6,263
Total investment income, after federal income tax		$	26,772			21,802

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)		2017				2016
Underwriting gain, before federal income tax
Standard Commercial Lines		$	42,546			30,932
Standard Personal Lines		5,106				8,605
E&S Lines		1,570				1,418
Investment income, before federal income tax		36,374				28,065
Total all segments		85,596				69,020
Interest expense		(6,106		)		(5,606	)
General corporate and other expenses		(11,916		)		(11,539	)
Income, before federal income tax		$	67,574			51,875

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- 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
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-SubTopic 10
-Section 50
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-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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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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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