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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

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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.

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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