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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment						Quarter ended March 31,
($ in thousands)						2021						2020
Standard Commercial Lines:
Net premiums earned:
Commercial property						$	102,810					93,869
Workers compensation						78,190						66,706
General liability						193,520						164,580
Commercial automobile						171,881						149,690
Businessowners' policies						28,627						27,036
Bonds						8,593						9,639
Other						5,520						5,060
Miscellaneous income						3,707						1,391
Total Standard Commercial Lines revenue						592,848						517,971
Standard Personal Lines:
Net premiums earned:
Personal automobile						41,393						42,487
Homeowners						30,598						31,490
Other						1,830						2,151
Miscellaneous income						405						434
Total Standard Personal Lines revenue						74,226						76,562
E&S Lines:
Net premiums earned:
Casualty lines						43,833						44,072
Property lines						18,165						14,923
Total E&S Lines revenue						61,998						58,995
Investments:
Net investment income						69,716						55,967
Net realized and unrealized investment gains (losses)						5,119						(44,666)
Total Investments revenue						74,835						11,301
Total revenues						$	803,907					664,829

Schedule of Income Before and After Federal Income Tax

Income Before and After Federal Income Tax						Quarter ended March 31,
($ in thousands)						2021						2020
Standard Commercial Lines:
Underwriting gain, before federal income tax						$	69,499					17,126
Underwriting gain, after federal income tax						54,904						13,529
Combined ratio						88.2		%				96.7
ROE contribution						8.6						2.4
Standard Personal Lines:
Underwriting gain, before federal income tax						$	7,695					387
Underwriting gain, after federal income tax						6,079						306
Combined ratio						89.6		%				99.5
ROE contribution						1.0						0.1
E&S Lines:
Underwriting gain, before federal income tax						$	516					3,844
Underwriting gain, after federal income tax						408						3,037
Combined ratio						99.2		%				93.5
ROE contribution						0.1						0.6
Investments:
Net investment income						$	69,716					55,967
Net realized and unrealized investment gains (losses)						5,119						(44,666)
Total investment segment income, before federal income tax						74,835						11,301
Tax on investment segment income						14,448						1,104
Total investment segment income, after federal income tax						$	60,387					10,197
ROE contribution of after-tax net investment income						8.9						8.5

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)						2021						2020
Underwriting gain
Standard Commercial Lines						$	69,499					17,126
Standard Personal Lines						7,695						387
E&S Lines						516						3,844
Investment income						74,835						11,301
Total all segments						152,545						32,658
Interest expense						(7,359)						(7,601)
Corporate expenses						(9,554)						(9,060)
Income, before federal income tax						$	135,632					15,997
Preferred stock dividends						(2,453)						—
Income available to common stockholders, before federal income tax						$	133,179					15,997

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.

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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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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.

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