XML 155 R142.htm IDEA: XBRL DOCUMENT v3.25.0.1
Summary of Business Segment Information (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Gross written premiums $ 389,758 $ 416,397 $ 727,603
Net written premiums 379,190 399,319 591,331
Net earned premiums 376,992 473,357 602,471
Net losses and loss adjustment expenses 213,190 289,153 359,228
Net investment income 62,375 55,444 27,627
Net realized investment gains (losses) 455 (2,107) (32,929)
Total revenues 441,187 528,129 628,534
Other income     29,903
Corporate and other operating expenses (25,696) (23,383) (24,421)
Interest expense 0 0 (3,004)
Loss on extinguishment of debt 0 0 (3,529)
Income before income taxes 54,956 32,976 1,971
Income tax expense (benefit) (11,715) (7,547) (2,821)
Net income (loss) 43,241 25,429 (850)
Total assets 1,731,253 1,729,576 1,800,775
Property & Liability Insurance      
Revenues:      
Net earned premiums 376,992 473,357 602,471
Segment assets      
Revenues:      
Gross written premiums 389,758 416,397 727,603
Net written premiums 379,190 399,319 591,331
Net earned premiums 376,992 473,357 602,471
Other income 1,365 1,435 1,462
Total segment revenues 378,357 474,792 603,933
Net losses and loss adjustment expenses 213,190 [1] 289,153 [2] 359,228 [3]
Net commission expenses 89,575 [1] 118,271 [2] 148,724 [3]
Other underwriting expenses 57,770 [1],[4] 64,346 [2],[5] 87,657 [3],[6]
Income (loss) from segments 17,822 [1] 3,022 [2] 8,324 [3]
Total assets 1,467,537 1,585,516 1,762,175
Corporate assets      
Revenues:      
Net investment income 62,375 55,444 27,627
Net realized investment gains (losses) 455 (2,107) (32,929)
Other income     29,903
Total assets 263,716 144,060 38,600
Penn-America | Segment assets      
Revenues:      
Gross written premiums 399,976 369,660 387,967
Net written premiums 389,582 356,796 370,306
Net earned premiums 369,806 354,518 359,597
Other income 1,336 1,257 1,029
Total segment revenues 371,142 355,775 360,626
Net losses and loss adjustment expenses 210,293 [1] 233,239 [2] 214,854 [3]
Net commission expenses 86,863 [1] 81,691 [2] 84,081 [3]
Other underwriting expenses 54,270 [1],[4] 52,464 [2],[5] 51,064 [3],[6]
Income (loss) from segments 19,716 [1] (11,619) [2] 10,627 [3]
Total assets 986,492 982,083 937,919
Non-Core Operations | Segment assets      
Revenues:      
Gross written premiums (10,218) 46,737 339,636
Net written premiums (10,392) 42,523 221,025
Net earned premiums 7,186 118,839 242,874
Other income 29 178 433
Total segment revenues 7,215 119,017 243,307
Net losses and loss adjustment expenses 2,897 [1] 55,914 [2] 144,374 [3]
Net commission expenses 2,712 [1] 36,580 [2] 64,643 [3]
Other underwriting expenses 3,500 [1],[4] 11,882 [2],[5] 36,593 [3],[6]
Income (loss) from segments (1,894) [1] 14,641 [2] (2,303) [3]
Total assets $ 481,045 $ 603,433 $ 824,256
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[3] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[4] Other underwriting expenses consist primarily of personnel expenses and general operating expenses related to underwriting activities.
[5] Other underwriting expenses consist primarily of personnel expenses and general operating expenses related to underwriting activities.
[6] Other underwriting expenses consist primarily of personnel expenses and general operating expenses related to underwriting activities.