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Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment		Quarter Ended March 31,
($ in thousands)		2020				2019
Standard Commercial Lines:
Net premiums earned:
Commercial automobile		$	149,690			131,186
Workers compensation		66,706				78,715
General liability		164,580				161,525
Commercial property		93,869				86,067
Businessowners’ policies		27,036				26,081
Bonds		9,639				8,904
Other		5,060				4,706
Miscellaneous income		1,391				2,044
Total Standard Commercial Lines revenue		517,971				499,228
Standard Personal Lines:
Net premiums earned:
Personal automobile		42,487				43,163
Homeowners		31,490				32,130
Other		2,151				2,014
Miscellaneous income		434				276
Total Standard Personal Lines revenue		76,562				77,583
E&S Lines:
Net premiums earned:
Casualty lines		44,072				44,528
Property lines		14,923				13,554
Miscellaneous income		—				—
Total E&S Lines revenue		58,995				58,082
Investments:
Net investment income		55,967				50,618
Net realized and unrealized investment (losses) gains		(44,666		)		13,451
Total Investments revenue		11,301				64,069
Total revenues		$	664,829			698,962

Schedule of Income Before and After Federal Income Tax

Income Before and After Federal Income Tax		Quarter Ended March 31,
($ in thousands)		2020				2019
Standard Commercial Lines:
Underwriting gain, before federal income tax		$	17,126			25,815
Underwriting gain, after federal income tax		13,529				20,394
Combined ratio		96.7		%		94.8
ROE contribution		2.4				4.4
Standard Personal Lines:
Underwriting gain, before federal income tax		$	387			3,167
Underwriting gain, after federal income tax		306				2,502
Combined ratio		99.5		%		95.9
ROE contribution		0.1				0.5
E&S Lines:
Underwriting gain, before federal income tax		$	3,844			4,579
Underwriting gain, after federal income tax		3,037				3,617
Combined ratio		93.5		%		92.1
ROE contribution		0.6				0.8
Investments:
Net investment income		$	55,967			50,618
Net realized and unrealized investment (losses) gains		(44,666		)		13,451
Total investment segment income, before federal income tax		11,301				64,069
Tax on investment segment income		1,104				12,120
Total investment segment income, after federal income tax		$	10,197			51,949
ROE contribution of after-tax net investment income		8.5				8.9

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)		2020				2019
Underwriting gain
Standard Commercial Lines		$	17,126			25,815
Standard Personal Lines		387				3,167
E&S Lines		3,844				4,579
Investment income		11,301				64,069
Total all segments		32,658				97,630
Interest expense		(7,601		)		(11,526	)
Corporate expenses		(9,060		)		(12,410	)
Income, before federal income tax		$	15,997			73,694

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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.

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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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