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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial results by segment were as follows:
 
Three Months Ended June 30, 2018
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicates
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
143,847

 
$
62,254

 
$
17,490

 
$
—

 
$
—

 
$
223,591

Net investment income
—

 
—

 
836

 
21,548

 
—

 
22,384

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
5,380

 
—

 
5,380

Net realized gains (losses)
—

 
—

 
(252
)
 
3,047

 
—

 
2,795

Other income (expense)
1,262

 
212

 
(436
)
 
1,095

 
(89
)
 
2,044

Net losses and loss adjustment expenses
(111,838
)
 
(37,385
)
 
(12,505
)
 
—

 
—

 
(161,728
)
Underwriting, policy acquisition and operating expenses
(28,050
)
 
(17,969
)
 
(8,060
)
 
(5,621
)
 
89

 
(59,611
)
Segregated portfolio cells dividend (expense) income
(118
)
 
(2,751
)
 
—

 
84

 
—

 
(2,785
)
Interest expense
—

 
—

 
—

 
(3,958
)
 
—

 
(3,958
)
Income tax benefit (expense)
—

 
—

 
—

 
311

 
—

 
311

Segment operating results
$
5,103


$
4,361


$
(2,927
)

$
21,886


$
—


$
28,423

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
1,761

 
$
958

 
$
(2
)
 
$
2,240

 
$
—

 
$
4,957

 
Six Months Ended June 30, 2018
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicates
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
260,125

 
$
120,660

 
$
29,965

 
$
—

 
$
—

 
$
410,750

Net investment income
—

 
—

 
1,587

 
42,824

 
—

 
44,411

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
7,019

 
—

 
7,019

Net realized gains (losses)
—

 
—

 
(306
)
 
(9,416
)
 
—

 
(9,722
)
Other income (expense)
2,519

 
578

 
(105
)
 
2,037

 
(262
)
 
4,767

Net losses and loss adjustment expenses
(196,425
)
 
(74,099
)
 
(20,991
)
 
—

 
—

 
(291,515
)
Underwriting, policy acquisition and operating expenses
(56,327
)
 
(35,301
)
 
(15,306
)
 
(10,297
)
 
262

 
(116,969
)
Segregated portfolio cells dividend (expense) income
(88
)
 
(4,645
)
 
—

 
201

 
—

 
(4,532
)
Interest expense
—

 
—

 
—

 
(7,663
)
 
—

 
(7,663
)
Income tax benefit (expense)
—

 
—

 
(6
)
 
3,739

 
—

 
3,733

Segment operating results
$
9,804

 
$
7,193

 
$
(5,162
)
 
$
28,444

 
$
—

 
$
40,279

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
3,628

 
$
1,914

 
$
(3
)
 
$
5,497

 
$
—

 
$
11,036


 
Three Months Ended June 30, 2017
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicates
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
109,005

 
$
56,854

 
$
14,494

 
$
—

 
$
—

 
$
180,353

Net investment income
—

 
—

 
410

 
22,267

 
—

 
22,677

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
2,516

 
—

 
2,516

Net realized gains (losses)
—

 
—

 
47

 
(2,266
)
 
—

 
(2,219
)
Other income (expense)
1,469

 
209

 
(151
)
 
778

 
(55
)
 
2,250

Net losses and loss adjustment expenses
(71,296
)
 
(33,486
)
 
(10,768
)
 
—

 
—

 
(115,550
)
Underwriting, policy acquisition and operating expenses
(26,239
)
 
(17,093
)
 
(6,851
)
 
(7,757
)
 
55

 
(57,885
)
Segregated portfolio cells dividend (expense) income (1)
(5,119
)
 
(2,698
)
 
—

 
(994
)
 
—

 
(8,811
)
Interest expense
—

 
—

 
—

 
(4,145
)
 
—

 
(4,145
)
Income tax benefit (expense)(1)
—

 
—

 
548

 
(216
)
 
—

 
332

Segment operating results
$
7,820


$
3,786


$
(2,271
)

$
10,183


$
—


$
19,518

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
1,506

 
$
831

 
$
(5
)
 
$
3,814

 
$
—

 
$
6,146


 
Six Months Ended June 30, 2017
(In thousands)
Specialty P&C
 
Workers' Compensation
 
Lloyd's Syndicates
 
Corporate
 
Inter-segment Eliminations
 
Consolidated
Net premiums earned
$
222,063

 
$
112,137

 
$
29,056

 
$
—

 
$
—

 
$
363,256

Net investment income
—

 
—

 
782

 
45,081

 
—

 
45,863

Equity in earnings (loss) of unconsolidated subsidiaries
—

 
—

 
—

 
4,324

 
—

 
4,324

Net realized gains (losses)
—

 
—

 
74

 
10,987

 
—

 
11,061

Other income (expense)
2,668

 
354

 
240

 
951

 
(142
)
 
4,071

Net losses and loss adjustment expenses
(146,291
)
 
(68,136
)
 
(20,274
)
 
—

 
—

 
(234,701
)
Underwriting, policy acquisition and operating expenses
(52,217
)
 
(33,784
)
 
(13,062
)
 
(16,073
)
 
142

 
(114,994
)
Segregated portfolio cells dividend (expense) income (1)
(5,091
)
 
(3,872
)
 
—

 
(2,223
)
 
—

 
(11,186
)
Interest expense
—

 
—

 
—

 
(8,278
)
 
—

 
(8,278
)
Income tax benefit (expense)(1)
—

 
—

 
555

 
1,002

 
—

 
1,557

Segment operating results
$
21,132

 
$
6,699

 
$
(2,629
)
 
$
35,771

 
$
—

 
$
60,973

Significant non-cash items:
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization, net of accretion
$
3,417

 
$
1,668

 
$
(8
)
 
$
8,872

 
$
—

 
$
13,949

(1) During the second quarter of 2017, ProAssurance recognized a $5.2 million pre-tax expense related to previously unrecognized SPC dividend expense for the cumulative earnings of unrelated parties that have owned segregated portfolio cells at various periods since 2003 in a Bermuda captive insurance operation managed by the Company's HCPL line of business within the Specialty P&C segment. The expense recorded in the second quarter of 2017 related to periods prior to the then current period and was unrelated to the captive operations of the Company's Eastern Re subsidiary. The $1.8 million tax impact of the expense recognized in the second quarter of 2017 was included in the Corporate segment's income tax benefit (expense).
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 June 30
 
Six Months Ended June 30
(In thousands)
2018
 
2017
 
2018
 
2017
Specialty P&C Segment
 
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
 
Healthcare professional liability
$
146,208

 
$
115,781

 
$
264,892

 
$
232,832

Legal professional liability
6,489

 
6,417

 
12,880

 
12,734

Medical technology liability
8,780

 
8,389

 
17,292

 
16,701

Other
119

 
101

 
230

 
203

Ceded premiums earned
(17,749
)
 
(21,683
)
 
(35,169
)
 
(40,407
)
Segment net premiums earned
143,847

 
109,005

 
260,125

 
222,063

 
 
 
 
 
 
 
 
Workers' Compensation Segment
 
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
 
Traditional business
48,632

 
42,501

 
94,662

 
84,269

Alternative market business
20,648

 
20,209

 
40,029

 
39,655

Ceded premiums earned
(7,026
)
 
(5,856
)
 
(14,031
)
 
(11,787
)
Segment net premiums earned
62,254

 
56,854

 
120,660

 
112,137

 
 
 
 
 
 
 
 
Lloyd's Syndicates Segment
 
 
 
 
 
 
 
Gross premiums earned:
 
 
 
 
 
 
 
Property and casualty*
19,273

 
16,960

 
37,240

 
34,145

Ceded premiums earned
(1,783
)
 
(2,466
)
 
(7,275
)
 
(5,089
)
Segment net premiums earned
17,490

 
14,494

 
29,965

 
29,056

 

 

 

 

Consolidated net premiums earned
$
223,591

 
$
180,353

 
$
410,750

 
$
363,256

*Includes premium assumed from the Specialty P&C segment of $1.4 million and $3.3 million for the three and six months ended June 30, 2018, respectively, and $3.1 million and $6.6 million for the same respective periods of 2017.