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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial results by segment were as follows:
 
Three Months Ended March 31, 2017
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
113,058

 
$
55,283


$
14,562


$
—


$
—

 
$
182,903

Net investment income
—

 
—


372


22,814


—

 
23,186

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—


—


1,808


—

 
1,808

Net realized gains (losses)
—

 
—


27


13,253


—

 
13,280

Other income
1,198

 
145


391


173


(86
)
 
1,821

Net losses and loss adjustment expenses
(74,994
)
 
(34,650
)

(9,507
)

—


—

 
(119,151
)
Underwriting, policy acquisition and operating expenses
(25,977
)
 
(16,691
)

(6,211
)

(8,315
)

86

 
(57,108
)
Segregated portfolio cells dividend (expense) income (1)
28

 
(1,174
)
 
—

 
(1,229
)
 
—

 
(2,375
)
Interest expense
—

 
—

 
—

 
(4,133
)
 
—

 
(4,133
)
Income tax benefit (expense)
—

 
—

 
7

 
1,217

 
—

 
1,224

Segment operating results
$
13,313

 
$
2,913

 
$
(359
)
 
$
25,588

 
$
—

 
$
41,455

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
1,911

 
$
837

 
$
(3
)
 
$
5,058

 
$
—

 
$
7,803

 
Three Months Ended March 31, 2016
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicate
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
110,755

 
$
54,383

 
$
12,441

 
$
—

 
$
—

 
$
177,579

Net investment income
—

 
—

 
315

 
25,125

 
—

 
25,440

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
(3,634
)
 
—

 
(3,634
)
Net realized gains (losses)
—

 
—

 
(5
)
 
(8,347
)
 
—

 
(8,352
)
Other income
1,276

 
471

 
252

 
458

 
(103
)
 
2,354

Net losses and loss adjustment expenses (2)
(71,174
)
 
(35,027
)
 
(6,189
)
 
—

 
1,435

 
(110,955
)
Underwriting, policy acquisition and operating expenses (2)
(25,054
)
 
(17,829
)
 
(5,167
)
 
(7,507
)
 
(1,332
)
 
(56,889
)
Segregated portfolio cells dividend (expense) income (1)
—

 
(713
)
 
—

 
(463
)
 
—

 
(1,176
)
Interest expense
—

 
—

 
—

 
(3,686
)
 
—

 
(3,686
)
Income tax benefit (expense)
—

 
—

 
(84
)
 
(1,280
)
 
—

 
(1,364
)
Segment operating results
$
15,803

 
$
1,285

 
$
1,563

 
$
666

 
$
—

 
$
19,317

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
2,011

 
$
1,404

 
$
66

 
$
5,149

 
$
—

 
$
8,630

(1) During the first quarter of 2017, ProAssurance began reporting in the Corporate segment the portion of the SPC dividend (expense) income that is attributable to the investment results of the SPCs, all of which are reported in the Corporate segment, to better align the expense with the related investment results of the SPCs. For comparative purposes, ProAssurance has reflected the SPC dividend expense for 2016 in the same manner.
(2) In the first quarter of 2016, the portion of the management fee that was allocated to ULAE was eliminated in consolidation. During the second quarter of 2016, ProAssurance discontinued the practice of eliminating in consolidation the portion of the management fee that was allocated to ULAE, thus there was no similar elimination in the first quarter of 2017.
Schedule of Gross Premiums by Product
The following table provides detailed information regarding ProAssurance's gross premiums earned by product as well as a reconciliation to net premiums earned. All gross premiums earned are from external customers except as noted. ProAssurance's insured risks are primarily within the U.S.
 
Three Months Ended March 31
(In thousands)
2017
 
2016
Specialty P&C Segment
 
 
 
Gross premiums earned:
 
 
 
Healthcare professional liability
$
117,051

 
$
113,749

Legal professional liability
6,317

 
6,614

Medical technology liability
8,312

 
8,550

Other
102

 
268

Ceded premiums earned
(18,724
)
 
(18,426
)
Segment net premiums earned
113,058

 
110,755

 
 
 
 
Workers' Compensation Segment
 
 
 
Gross premiums earned:
 
 
 
Traditional business
41,768

 
42,650

Alternative market business
19,446

 
18,294

Ceded premiums earned
(5,931
)
 
(6,561
)
Segment net premiums earned
55,283

 
54,383

 
 
 
 
Lloyd's Syndicate Segment
 
 
 
Gross premiums earned:
 
 
 
Property and casualty*
17,185

 
13,373

Ceded premiums earned
(2,623
)
 
(932
)
Segment net premiums earned
14,562

 
12,441

 

 

Consolidated Net premiums earned
$
182,903

 
$
177,579

*Includes premium assumed from the Specialty P&C segment of $3.5 million for the three months ended March 31, 2017 and $3.6 million for the three months ended March 31, 2016.