v3.19.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Financial Data by Segment
Financial data by segment for the three and nine months ended September 30, 2019 and 2018 is as follows:
 
  
Three Months Ended September 30,
 
  
2019
  
2018
 
  (in thousands) 
Revenues:
        
Premiums earned:
        
Commercial lines
 $98,324  $84,251 
Personal lines
  91,497   103,410 
  
 
 
  
 
 
 
Premiums earned
  189,821   187,661 
Net investment income
  7,390   6,620 
Investment
(losses)
 
gains
  (369)  3,464 
Equity in earnings of DFSC
  —
 
 
   733 
Other
  1,168   1,426 
  
 
 
  
 
 
 
Total revenues
 $198,010  $199,904 
  
 
 
  
 
 
 
Income before income tax expense:
        
Underwriting income (loss):
        
Commercial lines
 $2,521  $2,125 
Personal lines
  (3,312)  (12,210) 
  
 
 
  
 
 
 
SAP underwriting loss
  (791)  (10,085) 
GAAP adjustments
  (399)  332 
  
 
 
  
 
 
 
GAAP underwriting loss
  (1,190)  (9,753) 
Net investment income
  7,390   6,620 
Investment
(losses)
 
gains
  (369)  3,464 
Equity in earnings of DFSC
  —
 
 
   733 
Other
  474   213 
  
 
 
  
 
 
 
Income before income tax expense
 $6,305  $1,277 
  
 
 
  
 
 
 
 
  
Nine Months Ended September 30,
 
  
2019
  
2018
 
  (in thousands) 
Revenues:
        
Premiums earned:
        
Commercial lines
 $284,593  $251,029 
Personal lines
  282,065   304,111 
  
 
 
  
 
 
 
Premiums earned
  566,658   555,140 
Net investment income
  21,728   19,341 
Investment gains
  19,294   4,062 
Equity in earnings of DFSC
  295   2,153 
Other
  3,538   4,326 
  
 
 
  
 
 
 
Total revenues
 $611,513  $585,022 
  
 
 
  
 
 
 
Income (loss) before income tax expense (benefit):
        
Underwriting income (loss):
        
Commercial lines
 $4,946  $(17,935) 
Personal lines
  (10,077)  (42,358) 
  
 
 
  
 
 
 
SAP underwriting loss
  (5,131)  (60,293) 
GAAP adjustments
  1,431   5,106 
  
 
 
  
 
 
 
GAAP underwriting loss
  (3,700)  (55,187) 
Net investment income
  21,728   19,341 
Investment gains
  19,294   4,062 
Equity in earnings of DFSC
  295   2,153 
Other
  1,070   1,040 
  
 
 
  
 
 
 
Income (loss) before income tax expense (benefit)
 $38,687  $(28,591)