XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Revenue By Segment

Revenue by Segment						Quarter ended March 31,
($ in thousands)						2022						2021
Standard Commercial Lines:
Net premiums earned:
General liability						$	216,325					193,520
Commercial automobile						193,830						171,881
Commercial property						120,062						102,810
Workers compensation						84,680						78,190
Businessowners' policies						30,044						28,627
Bonds						10,360						8,593
Other						6,168						5,520
Miscellaneous income						1,101						3,707
Total Standard Commercial Lines revenue						662,570						592,848
Standard Personal Lines:
Net premiums earned:
Personal automobile						39,716						41,393
Homeowners						31,187						30,598
Other						1,739						1,830
Miscellaneous income						428						405
Total Standard Personal Lines revenue						73,070						74,226
E&S Lines:
Net premiums earned:
Casualty lines						54,624						43,833
Property lines						23,548						18,165
Total E&S Lines revenue						78,172						61,998
Investments:
Net investment income						72,602						69,716
Net realized and unrealized investment (losses) gains						(40,352)						5,119
Total Investments revenue						32,250						74,835
Total revenues						$	846,062					803,907

Schedule of Income Before and After Federal Income Tax

Income Before and After Federal Income Tax						Quarter ended March 31,
($ in thousands)						2022						2021
Standard Commercial Lines:
Underwriting income, before federal income tax						$	42,384					69,499
Underwriting income, after federal income tax						33,483						54,904
Combined ratio						93.6		%				88.2
ROE contribution						5.0						8.6
Standard Personal Lines:
Underwriting income, before federal income tax						$	6,520					7,695
Underwriting income, after federal income tax						5,151						6,079
Combined ratio						91.0		%				89.6
ROE contribution						0.8						1.0
E&S Lines:
Underwriting income, before federal income tax						$	6,925					516
Underwriting income, after federal income tax						5,471						408
Combined ratio						91.1		%				99.2
ROE contribution						0.8						0.1
Investments:
Net investment income						$	72,602					69,716
Net realized and unrealized investment (losses) gains						(40,352)						5,119
Total investments segment income, before federal income tax						32,250						74,835
Tax on investments segment income						5,613						14,448
Total investments segment income, after federal income tax						$	26,637					60,387
ROE contribution of after-tax net investment income earned						8.7						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)						2022						2021
Underwriting income
Standard Commercial Lines						$	42,384					69,499
Standard Personal Lines						6,520						7,695
E&S Lines						6,925						516
Investment income						32,250						74,835
Total all segments						88,079						152,545
Interest expense						(7,168)						(7,359)
Corporate expenses						(11,021)						(9,554)
Income, before federal income tax						$	69,890					135,632
Preferred stock dividends						(2,300)						(2,453)
Income available to common stockholders, before federal income tax						$	67,590					133,179

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