XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of Business Segment Information

The following are tabulations of business segment information for the quarters ended March 31, 2023 and 2022. Corporate information is included to reconcile segment data to the consolidated financial statements.

Quarter Ended March 31, 2023 (Dollars in thousands)		Commercial Specialty				Reinsurance Operations			(1)	Exited Lines				Total
Revenues:
Gross written premiums		$	95,508			$	23,416			$	4,061			$	122,985
Net written premiums		$	91,234			$	23,416			$	1,211			$	115,861
Net earned premiums		$	93,182			$	34,847			$	12,043			$	140,072
Other income (loss)			267				(9	)			77				335
Total revenues			93,449				34,838				12,120				140,407
Losses and Expenses:
Net losses and loss adjustment expenses			60,119				21,263				6,619				88,001
Acquisition costs and other underwriting expenses			35,526				12,816				5,136				53,478
Income (loss) from segments		$	(2,196	)		$	759			$	365			$	(1,072	)
Unallocated Items:
Net investment income															12,008
Net realized investment losses															(1,520	)
Other income															19
Corporate and other operating expenses															(6,368	)
Income before income taxes															3,067
Income tax expense															(573	)
Net income														$	2,494
Segment assets		$	985,557			$	368,751			$	249,302			$	1,603,610
Corporate assets															173,668
Total assets														$	1,777,278

(1)External business only, excluding business assumed from affiliates.

Quarter Ended March 31, 2022 (Dollars in thousands)		Commercial Specialty				Reinsurance Operations			(1)	Exited Lines				Total
Revenues:
Gross written premiums		$	102,848			$	40,996			$	47,139			$	190,983
Net written premiums		$	98,163			$	40,996			$	20,323			$	159,482
Net earned premiums		$	91,197			$	34,298			$	23,328			$	148,823
Other income (loss)			259				(20	)			200				439
Total revenues			91,456				34,278				23,528				149,262
Losses and Expenses:
Net losses and loss adjustment expenses			53,659				21,059				9,977				84,695
Acquisition costs and other underwriting expenses			33,526				11,961				11,205				56,692
Income from segments		$	4,271			$	1,258			$	2,346			$	7,875
Unallocated Items:
Net investment income															6,592
Net realized investment losses															(25,385	)
Other loss															(13	)
Corporate and other operating expenses															(4,660	)
Interest expense															(2,595	)
Loss before income taxes															(18,186	)
Income tax benefit															3,413
Net loss															(14,773	)
Segment assets		$	964,718			$	267,466			$	396,227			$	1,628,411
Corporate assets															331,085
Total assets														$	1,959,496

(1)External business only, excluding business assumed from affiliates.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration