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Retirement Plans (Table)

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Cost

The following tables provide information about the Pension Plan:

						Pension Plan
						Quarter ended March 31,
($ in thousands)						2024						2023
Net Periodic Pension Cost (Benefit):
Interest cost						$	3,888					3,866
Expected return on plan assets						(5,382)						(5,773)
Amortization of unrecognized net actuarial loss						955						751
Total net periodic pension cost (benefit)1						$	(539)					(1,156)

1The components of net periodic pension cost (benefit) are included within "Loss and loss expense incurred" and "Other insurance expenses" on the Consolidated Statements of Income.

Schedule of Weighted-Average Expense Assumptions

						Pension Plan
						Quarter ended March 31,
						2024						2023
Weighted-Average Expense Assumptions:
Discount rate						5.02		%				5.21		%
Effective interest rate for calculation of interest cost						4.91						5.09
Expected return on plan assets						6.40						6.90

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- References

No definition available.

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- Definition

Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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