The following are tabulations of business segment information for the quarters and nine months ended September 30, 2014 and 2013.


Quarter Ended September 30, 2014: (Dollars in thousands)	Insurance Operations (1)			Reinsurance Operations (2)			Total
Revenues:
Gross premiums written	$	56,489		$	10,609		$	67,098

Net premiums written	$	52,674		$	10,588		$	63,262

Net premiums earned	$	52,462		$	15,566		$	68,028
Other income (loss)		164			(38	)		126

Total revenues		52,626			15,528			68,154
Losses and Expenses:
Net losses and loss adjustment expenses		29,575			7,079			36,654
Acquisition costs and other underwriting expenses		21,790	(3)		5,668			27,458

Income from segments	$	1,261		$	2,781			4,042

Unallocated Items:
Net investment income								6,527
Net realized investment gains								1,158
Corporate and other operating expenses								(3,481	)
Interest expense								(118	)

Income before income taxes								8,128
Income tax benefit								1,633

Net income							$	9,761

Total assets	$	1,229,463		$	650,352	(4)	$	1,879,815

(1)

Includes business ceded to the Company’s Reinsurance Operations.

(2)

External business only, excluding business assumed from affiliates.

(3)

Includes federal excise tax of $277 relating to cessions from Insurance Operations to Reinsurance Operations.

(4)

Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.


Quarter Ended September 30, 2013: (Dollars in thousands)	Insurance Operations (1)			Reinsurance Operations (2)			Total
Revenues:
Gross premiums written	$	59,747		$	9,038			68,785

Net premiums written	$	54,995		$	9,035		$	64,030

Net premiums earned	$	50,655		$	13,814		$	64,469
Other income		165			18			183

Total revenues		50,820			13,832			64,652
Losses and Expenses:
Net losses and loss adjustment expenses		30,230			5,253			35,483
Acquisition costs and other underwriting expenses		23,124	(3)		4,904			28,028

Income (loss) from segments	$	(2,534	)	$	3,675			1,141

Unallocated Items:
Net investment income								8,486
Net realized investment gains								1,641
Corporate and other operating expenses								(2,627	)
Interest expense								(3,585	)

Income before income taxes								5,056
Income tax benefit								1,892

Net income							$	6,948

Total assets	$	1,262,325		$	656,105	(4)	$	1,918,430

(1)

Includes business ceded to the Company’s Reinsurance Operations.

(2)

External business only, excluding business assumed from affiliates.

(3)

Includes federal excise tax of $264 relating to cessions from Insurance Operations to Reinsurance Operations.

(4)

Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.


Nine Months Ended September 30, 2014: (Dollars in thousands)	Insurance Operations (1)			Reinsurance Operations (2)			Total
Revenues:
Gross premiums written	$	170,037		$	57,163		$	227,200

Net premiums written	$	156,369			56,126		$	212,495

Net premiums earned	$	158,809		$	42,780		$	201,589
Other income (loss)		490			(41	)		449

Total revenues		159,299			42,739			202,038
Losses and Expenses:
Net losses and loss adjustment expenses		97,047			16,449			113,496
Acquisition costs and other underwriting expenses		66,068	(3)		15,046			81,114

Income (loss) from segments	$	(3,816	)	$	11,244			7,428

Unallocated Items:
Net investment income								22,488
Net realized investment gains								40,226
Corporate and other operating expenses								(9,614	)
Interest expense								(628	)

Income before income taxes								59,900
Income tax expense								(8,108	)

Net income							$	51,792

Total assets	$	1,229,463		$	650,352	(4)	$	1,879,815

(1)

Includes business ceded to the Company’s Reinsurance Operations.

(2)

External business only, excluding business assumed from affiliates.

(3)

Includes federal excise tax of $838 relating to cessions from Insurance Operations to Reinsurance Operations.

(4)

Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.


Nine Months Ended September 30, 2013: (Dollars in thousands)	Insurance Operations (1)			Reinsurance Operations (2)			Total
Revenues:
Gross premiums written	$	172,714		$	55,255			227,969

Net premiums written	$	159,010		$	54,844		$	213,854

Net premiums earned	$	142,812		$	36,324		$	179,136
Other income (loss)		494			(10	)		484

Total revenues		143,306			36,314			179,620
Losses and Expenses:
Net losses and loss adjustment expenses		89,580			12,615			102,195
Acquisition costs and other underwriting expenses		64,205	(3)		12,772			76,977

Income (loss) from segments	$	(10,479	)	$	10,927			448

Unallocated Items:
Net investment income								28,285
Net realized investment gains								10,204
Corporate and other operating expenses								(7,444	)
Interest expense								(5,939	)

Income before income taxes								25,554
Income tax benefit								2,423

Net income							$	27,977

Total assets	$	1,262,325		$	656,105	(4)	$	1,918,430

(1)

Includes business ceded to the Company’s Reinsurance Operations.

(2)

External business only, excluding business assumed from affiliates.

(3)

Includes federal excise tax of $482 relating to cessions from Insurance Operations to Reinsurance Operations.

(4)

Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.