XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Segment Reporting [Abstract] |
Schedule of Revenue By Segment |
Revenue by Segment |  | Quarter ended June 30, |  | Six Months ended June 30,
($ in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Standard Commercial Lines: |  |  |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |  |  |
Commercial automobile |  | $ | 122,104 |  |  | 108,316 |  |  | 240,335 |  |  | 215,445 |
Workers compensation |  | 80,021 |  |  | 79,460 |  |  | 158,844 |  |  | 158,786 |
General liability |  | 153,002 |  |  | 141,503 |  |  | 302,831 |  |  | 281,487 |
Commercial property |  | 82,162 |  |  | 78,052 |  |  | 162,488 |  |  | 154,443 |
Businessowners’ policies |  | 25,829 |  |  | 24,989 |  |  | 51,420 |  |  | 49,834 |
Bonds |  | 8,335 |  |  | 6,986 |  |  | 16,469 |  |  | 13,484 |
Other |  | 4,559 |  |  | 4,288 |  |  | 8,989 |  |  | 8,529 |
Miscellaneous income |  | 2,882 |  |  | 3,016 |  |  | 4,708 |  |  | 5,876 |
Total Standard Commercial Lines revenue |  | 478,894 |  |  | 446,610 |  |  | 946,084 |  |  | 887,884 |
Standard Personal Lines: |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |
Personal automobile |  | 41,810 |  |  | 37,663 |  |  | 82,252 |  |  | 74,613 |
Homeowners |  | 32,223 |  |  | 32,467 |  |  | 64,424 |  |  | 65,167 |
Other |  | 1,644 |  |  | 1,542 |  |  | 3,257 |  |  | 3,093 |
Miscellaneous income |  | 297 |  |  | 275 |  |  | 649 |  |  | 656 |
Total Standard Personal Lines revenue |  | 75,974 |  |  | 71,947 |  |  | 150,582 |  |  | 143,529 |
E&S Lines: |  |  |  |  |  |  |  |
Net premiums earned: |  |  |  |  |  |  |  |
Casualty lines |  | 39,379 |  |  | 39,054 |  |  | 77,919 |  |  | 76,966 |
Property lines |  | 13,768 |  |  | 13,710 |  |  | 27,436 |  |  | 27,037 |
Miscellaneous income |  | — |  |  | — |  |  | 1 |  |  | — |
Total E&S Lines revenue |  | 53,147 |  |  | 52,764 |  |  | 105,356 |  |  | 104,003 |
Investments: |  |  |  |  |  |  |  |  |  |  |  |
Net investment income |  | 45,553 |  |  | 41,430 |  |  | 88,784 |  |  | 78,849 |
Net realized and unrealized investment (losses) gains |  | (1,652 | ) |  | 1,734 |  |  | (12,201 | ) |  | 689 |
Total Investments revenue |  | 43,901 |  |  | 43,164 |  |  | 76,583 |  |  | 79,538 |
Total revenues |  | $ | 651,916 |  |  | 614,485 |  |  | 1,278,605 |  |  | 1,214,954 |
Schedule of Income Before and After Federal Income Tax |
Income Before and After Federal Income Tax |  | Quarter ended June 30, |  | Six Months ended June 30,
($ in thousands) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Standard Commercial Lines: |  |  |  |  |  |  |  |  |  |
Underwriting gain, before federal income tax |  | $ | 41,016 |  |  | 34,759 |  |  | 47,820 |  |  | 77,305 |
Underwriting gain, after federal income tax |  | 32,403 |  |  | 22,593 |  |  | 37,778 |  |  | 50,248 |
Combined ratio |  | 91.4 | % |  | 92.2 |  |  | 94.9 |  |  | 91.2 |
Standard Personal Lines: |  |  |  |  |  |  |  |
Underwriting gain (loss), before federal income tax |  | $ | 4,805 |  |  | (5,768 | ) |  | 3,299 |  |  | (662 | )
Underwriting gain (loss), after federal income tax |  | 3,796 |  |  | (3,749 | ) |  | 2,606 |  |  | (430 | )
Combined ratio |  | 93.7 | % |  | 108.0 |  |  | 97.8 |  |  | 100.5 |
E&S Lines: |  |  |  |  |  |  |  |
Underwriting (loss) gain, before federal income tax |  | $ | (7,789 | ) |  | 1,319 |  |  | (8,354 | ) |  | 2,889 |
Underwriting (loss) gain, after federal income tax |  | (6,154 | ) |  | 857 |  |  | (6,600 | ) |  | 1,878 |
Combined ratio |  | 114.7 | % |  | 97.5 |  |  | 107.9 |  |  | 97.2 |
Investments: |  |  |  |  |  |  |  |  |  |
Net investment income |  | $ | 45,553 |  |  | 41,430 |  |  | 88,784 |  |  | 78,849 |
Net realized and unrealized investment (losses) gains |  | (1,652 | ) |  | 1,734 |  |  | (12,201 | ) |  | 689 |
Total investment income, before federal income tax |  | 43,901 |  |  | 43,164 |  |  | 76,583 |  |  | 79,538 |
Tax on investment income |  | 7,617 |  |  | 11,734 |  |  | 12,843 |  |  | 21,336 |
Total investment income, after federal income tax |  | $ | 36,284 |  |  | 31,430 |  |  | 63,740 |  |  | 58,202 |
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) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Underwriting gain (loss) |  |  |  |  |  |  |  |
Standard Commercial Lines |  | $ | 41,016 |  |  | 34,759 |  |  | 47,820 |  |  | 77,305 |
Standard Personal Lines |  | 4,805 |  |  | (5,768 | ) |  | 3,299 |  |  | (662 | )
E&S Lines |  | (7,789 | ) |  | 1,319 |  |  | (8,354 | ) |  | 2,889 |
Investment income |  | 43,901 |  |  | 43,164 |  |  | 76,583 |  |  | 79,538 |
Total all segments |  | 81,933 |  |  | 73,474 |  |  | 119,348 |  |  | 159,070 |
Interest expense |  | (6,125 | ) |  | (6,081 | ) |  | (12,277 | ) |  | (12,187 | )
Corporate expenses |  | (3,283 | ) |  | (8,464 | ) |  | (14,615 | ) |  | (20,380 | )
Income, before federal income tax |  | $ | 72,525 |  |  | 58,929 |  |  | 92,456 |  |  | 126,503 |

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