XML 76 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1

Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Revenue from Continuing Operations By Segment

Revenue by Segment						Years ended December 31,
($ in thousands)						2021						2020						2019
Standard Commercial Lines:
Net premiums earned:
Commercial property						$	436,412					388,120						353,834
Workers compensation						306,428						278,062						311,370
General liability						807,158						694,019						669,895
Commercial automobile						724,398						615,181						554,256
Businessowners’ policies						110,622						110,210						105,252
Bonds						35,762						36,742						35,726
Other						23,105						20,850						19,281
Miscellaneous income						16,056						15,512						10,889
Total Standard Commercial Lines revenue						2,459,941						2,158,696						2,060,503
Standard Personal Lines:
Net premiums earned:
Personal automobile						163,007						165,020						172,606
Homeowners						122,526						125,405						127,543
Other						8,026						8,715						7,590
Miscellaneous income						1,667						2,058						1,466
Total Standard Personal Lines revenue						295,226						301,198						309,205
E&S Lines:
Net premiums earned:
Casualty lines						197,779						174,408						182,864
Property lines						82,030						65,082						56,954
Total E&S Lines revenue						279,809						239,490						239,818
Investments:
Net investment income						326,589						227,107						222,543
Net realized and unrealized investment gains (losses)						17,599						(4,217)						14,422
Total Investments revenues						344,188						222,890						236,965
Total revenues						$	3,379,164					2,922,274						2,846,491

Schedule of Income from Continuing Operations before and after Federal Income Tax

Income Before and After Federal Income Tax						Years ended December 31,
($ in thousands)						2021						2020						2019
Standard Commercial Lines:
Underwriting income, before federal income tax						$	198,596					151,731						145,990
Underwriting income, after federal income tax						156,891						119,867						115,332
Combined ratio						91.9		%				92.9		%				92.9		%
ROE contribution						5.9		%				5.1						5.8
Standard Personal Lines:
Underwriting income (loss), before federal income tax						3,966						(15,508)						8,260
Underwriting income (loss), after federal income tax						3,133						(12,251)						6,525
Combined ratio						98.6		%				105.2		%				97.3		%
ROE contribution						0.1		%				(0.5)						0.3
E&S Lines:
Underwriting income (loss), before federal income tax						16,030						126						9,743
Underwriting income (loss), after federal income tax						12,664						100						7,697
Combined ratio						94.3		%				99.9		%				95.9		%
ROE contribution						0.5		%				—						0.4
Investments:
Net investment income earned						$	326,589					227,107						222,543
Net realized and unrealized investment gains (losses)						17,599						(4,217)						14,422
Total investment segment income, before federal income tax						344,188						222,890						236,965
Tax on investment segment income						67,284						41,609						45,301
Total investment segment income, after federal income tax						$	276,904					181,281						191,664
ROE contribution of after-tax net investment income earned						9.9		%				7.8						9.6

Schedule of Reconciliation of Segment Results to Income From Continuing Operations, Before Federal Income Tax

Reconciliation of Segment Results to Income Before Federal Income Tax						Years ended December 31,
($ in thousands)						2021						2020						2019
Underwriting income (loss)
Standard Commercial Lines						$	198,596					151,731						145,990
Standard Personal Lines						3,966						(15,508)						8,260
E&S Lines						16,030						126						9,743
Investment income						344,188						222,890						236,965
Total all segments						562,780						359,239						400,958
Interest expense						(29,165)						(30,839)						(33,668)
Corporate expenses						(28,305)						(25,412)						(30,900)
Income, before federal income tax						$	505,310					302,988						336,390
Preferred stock dividends						(9,353)						—						—
Income available to common stockholders, before federal income tax						$	495,957					$	302,988					$	336,390

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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