XML 97 R86.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Business Segment Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Revenues:          
Gross written premiums $ 143,749 $ 157,177 $ 464,022 $ 478,699  
Net written premiums 130,611 138,836 416,987 421,321  
Net earned premiums 140,302 133,312 426,617 383,602  
Other income (loss) 597 264 1,509 1,274  
Total revenues 140,899 133,576 428,126 384,876  
Losses and Expenses:          
Net losses and loss adjustment expenses 97,148 73,583 242,092 201,979  
Acquisition costs and other underwriting expenses 53,268 53,366 163,258 153,643  
Income (loss) from segments (9,517) 6,627 22,776 29,254  
Unallocated Items:          
Net investment income 11,746 11,348 19,516 32,393  
Net realized investment gains (losses) 7,323 (2,690) (22,332) 11,290  
Other loss (55)   (36)    
Corporate and other operating expenses (21,196) (3,858) (34,037) (11,702)  
Interest expense (3,620) (5,023) (13,197) (15,088)  
Loss on extinguishment of debt (3,060) 0 (3,060) 0  
Income (loss) before income taxes (18,379) 6,404 (30,370) 46,147  
Income tax (expense) benefit 3,209 317 8,173 (5,163)  
Net income (loss) (15,170) 6,721 (22,197) 40,984  
Total assets 1,939,757 2,084,156 1,939,757 2,084,156 $ 2,075,885
Segment Assets          
Unallocated Items:          
Total assets 1,367,301 1,433,897 1,367,301 1,433,897  
Corporate Assets          
Unallocated Items:          
Total assets 572,456 650,259 572,456 650,259  
Commercial Specialty          
Revenues:          
Gross written premiums [1] 74,971 73,175 243,099 214,467  
Net written premiums [1] 69,074 62,925 219,437 185,202  
Net earned premiums [1] 73,887 60,869 211,329 173,215  
Other income (loss) [1] 0 0 0 0  
Total revenues [1] 73,887 60,869 211,329 173,215  
Losses and Expenses:          
Net losses and loss adjustment expenses [1] 42,879 27,389 109,191 81,731  
Acquisition costs and other underwriting expenses [1] 26,943 24,820 79,452 70,522  
Income (loss) from segments [1] 4,065 8,660 22,686 20,962  
Commercial Specialty | Segment Assets          
Unallocated Items:          
Total assets [1] 752,002 705,260 752,002 705,260  
Specialty Property          
Revenues:          
Gross written premiums [1] 34,730 42,611 107,951 128,771  
Net written premiums [1] 29,971 37,628 93,053 110,668  
Net earned premiums [1] 31,388 34,554 99,147 104,740  
Other income (loss) [1] 450 465 1,306 1,406  
Total revenues [1] 31,838 35,019 100,453 106,146  
Losses and Expenses:          
Net losses and loss adjustment expenses [1] 34,430 25,997 65,619 57,611  
Acquisition costs and other underwriting expenses [1] 13,364 14,571 41,357 44,163  
Income (loss) from segments [1] (15,956) (5,549) (6,523) 4,372  
Specialty Property | Segment Assets          
Unallocated Items:          
Total assets [1] 207,831 246,080 207,831 246,080  
Farm, Ranch & Stable          
Revenues:          
Gross written premiums [1] 19,443 21,410 64,798 65,872  
Net written premiums [1] 16,961 18,294 56,323 55,861  
Net earned premiums [1] 19,978 18,377 57,691 52,849  
Other income (loss) [1] 35 34 107 96  
Total revenues [1] 20,013 18,411 57,798 52,945  
Losses and Expenses:          
Net losses and loss adjustment expenses [1] 14,649 10,939 37,698 32,203  
Acquisition costs and other underwriting expenses [1] 7,443 7,776 22,687 22,403  
Income (loss) from segments [1] (2,079) (304) (2,587) (1,661)  
Farm, Ranch & Stable | Segment Assets          
Unallocated Items:          
Total assets [1] 137,697 136,420 137,697 136,420  
Reinsurance Operations          
Revenues:          
Gross written premiums [2] 14,605 19,981 48,174 69,589  
Net written premiums [2] 14,605 19,989 48,174 69,590  
Net earned premiums [2] 15,049 19,512 58,450 52,798  
Other income (loss) [2] 112 (235) 96 (228)  
Total revenues [2] 15,161 19,277 58,546 52,570  
Losses and Expenses:          
Net losses and loss adjustment expenses [2] 5,190 9,258 29,584 30,434  
Acquisition costs and other underwriting expenses [2] 5,518 6,199 19,762 16,555  
Income (loss) from segments [2] 4,453 3,820 9,200 5,581  
Reinsurance Operations | Segment Assets          
Unallocated Items:          
Total assets [2] $ 269,771 $ 346,137 $ 269,771 $ 346,137  
[1] Includes business ceded to the Company’s Reinsurance Operations.  This quota share agreement was cancelled effective January 1, 2018.
[2] External business only, excluding business assumed from affiliates.