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Segment Information | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Information |
6 - | Segment Information
We evaluate the performance of our personal lines and commercial lines segments based upon the underwriting results of our insurance subsidiaries using statutory accounting principles (“SAP”) that various state insurance departments prescribe or permit. Our management uses SAP to measure the performance of our insurance subsidiaries instead of United States generally accepted accounting principles (“GAAP”). SAP financial measures are considered non-GAAP financial measures under applicable SEC rules because they include or exclude certain items that the most comparable GAAP financial measures do not ordinarily include or exclude. Financial data by segment for the three and six months ended June 30, 2021 and 2020 is as follows:​​​​​​​​​​​​​​
|  | Three Months Ended June 30,
|  | 2021 |  | 2020
|  | (in thousands)
Revenues: |  |  |  |  |  |  |  |
Premiums earned: |  |  |  |  |  |  |  |
Commercial lines |  | $ | 115,300 |  |  | $ | 101,870 |
Personal lines |  |  | 77,189 |  |  |  | 82,504 |
GAAP premiums earned |  |  | 192,489 |  |  |  | 184,374 |
Net investment income |  |  | 7,652 |  |  |  | 7,172 |
Investment gains |  |  | 4,241 |  |  |  | 6,486 |
Other |  |  | 764 |  |  |  | 868 |
Total revenues |  | $ | 205,146 |  |  | $ | 198,900 |
Income before income tax expense: |  |  |  |  |  |  |  |
Underwriting income: |  |  |  |  |  |  |  |
Commercial lines |  | $ | 1,767 |  |  | $ | 4,472 |
Personal lines |  |  | 547 |  |  |  | 8,290 |
SAP underwriting income |  |  | 2,314 |  |  |  | 12,762 |
GAAP adjustments |  |  | 5,256 |  |  |  | 1,378 |
GAAP underwriting income |  |  | 7,570 |  |  |  | 14,140 |
Net investment income |  |  | 7,652 |  |  |  | 7,172 |
Investment gains |  |  | 4,241 |  |  |  | 6,486 |
Other |  |  | 234 |  |  |  | 190 |
Income before income tax expense |  | $ | 19,697 |  |  | $ | 27,988 |
|  | Six Months Ended June 30,
|  | 2021 |  | 2020
|  | (in thousands)
Revenues: |  |  |  |  |  |  |  |
Premiums earned: |  |  |  |  |  |  |  |
Commercial lines |  | $ | 224,525 |  |  | $ | 203,645 |
Personal lines |  |  | 155,215 |  |  |  | 167,982 |
GAAP premiums earned |  |  | 379,740 |  |  |  | 371,627 |
Net investment income |  |  | 15,163 |  |  |  | 14,548 |
Investment gains (losses) |  |  | 6,710 |  |  |  | (4,209 | )
Other |  |  | 1,503 |  |  |  | 1,845 |
Total revenues |  | $ | 403,116 |  |  | $ | 383,811 |
Income before income tax expense: |  |  |  |  |  |  |  |
Underwriting (loss) income: |  |  |  |  |  |  |  |
Commercial lines |  | $ | (6,475 | ) |  | $ | 3,906 |
Personal lines |  |  | 5,584 |  |  |  | 13,101 |
SAP underwriting (loss) income |  |  | (891 | ) |  |  | 17,007 |
GAAP adjustments |  |  | 11,238 |  |  |  | 2,762 |
GAAP underwriting income |  |  | 10,347 |  |  |  | 19,769 |
Net investment income |  |  | 15,163 |  |  |  | 14,548 |
Investment gains (losses) |  |  | 6,710 |  |  |  | (4,209 | )
Other |  |  | 228 |  |  |  | 383 |
Income before income tax expense |  | $ | 32,448 |  |  | $ | 30,491 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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