XML 40 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment		Quarter ended March 31,
($ in thousands)		2018				2017
Standard Commercial Lines:
Net premiums earned:
Commercial automobile		$	118,231			107,129
Workers compensation		78,823				79,326
General liability		149,829				139,984
Commercial property		80,326				76,391
Businessowners’ policies		25,591				24,845
Bonds		8,134				6,498
Other		4,430				4,241
Miscellaneous income		1,826				2,860
Total Standard Commercial Lines revenue		467,190				441,274
Standard Personal Lines:
Net premiums earned:
Personal automobile		40,442				36,950
Homeowners		32,201				32,700
Other		1,613				1,551
Miscellaneous income		352				381
Total Standard Personal Lines revenue		74,608				71,582
E&S Lines:
Net premiums earned:
Casualty lines		38,540				37,912
Property lines		13,668				13,327
Miscellaneous income		1				—
Total E&S Lines revenue		52,209				51,239
Investments:
Net investment income		43,231				37,419
Net realized and unrealized investment losses		(10,549		)		(1,045	)
Total Investments revenue		32,682				36,374
Total revenues		$	626,689			600,469

Schedule of Income Before and After Federal Income Tax

Income Before and After Federal Income Tax		Quarter ended March 31,
($ in thousands)		2018				2017
Standard Commercial Lines:
Underwriting gain, before federal income tax		$	6,804			42,546
Underwriting gain, after federal income tax		5,375				27,655
Combined ratio		98.5		%		90.3
Standard Personal Lines:
Underwriting (loss) gain, before federal income tax		$	(1,506	)		5,106
Underwriting (loss) gain, after federal income tax		(1,190		)		3,319
Combined ratio		102.0		%		92.8
E&S Lines:
Underwriting (loss) gain, before federal income tax		$	(565	)		1,570
Underwriting (loss) gain, after federal income tax		(446		)		1,021
Combined ratio		101.1		%		96.9
Investments:
Net investment income		$	43,231			37,419
Net realized and unrealized investment losses		(10,549		)		(1,045	)
Total investment income, before federal income tax		32,682				36,374
Tax on investment income		5,226				9,602
Total investment income, after federal income tax		$	27,456			26,772

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)		2018				2017
Underwriting gain (loss)
Standard Commercial Lines		$	6,804			42,546
Standard Personal Lines		(1,506		)		5,106
E&S Lines		(565		)		1,570
Investment income		32,682				36,374
Total all segments		37,415				85,596
Interest expense		(6,152		)		(6,106	)
Corporate expenses		(11,332		)		(11,916	)
Income, before federal income tax		$	19,931			67,574

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

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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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=68060357&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