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Concentration of Operations
12 Months Ended
Dec. 31, 2016
Text Block [Abstract]  
Concentration of Operations

17.

Concentration of Operations

The Company derives its revenues almost entirely from its operations in the workers’ compensation insurance line of business. Total net premiums earned for the different lines of business are shown below:

 

  

 

2016

 

 

2015

 

 

2014

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

 

(Dollars in thousands)

 

Workers’ compensation

 

$

368,704

 

 

 

100.0

%

 

$

375,894

 

 

 

100.0

%

 

$

375,746

 

 

 

100.0

%

General liability

 

 

 

 

 

0.0

%

 

 

 

 

 

0.0

%

 

 

1

 

 

 

0.0

%

Total net premiums earned

 

$

368,704

 

 

 

100.0

%

 

$

375,894

 

 

 

100.0

%

 

$

375,747

 

 

 

100.0

%

 

Net premiums earned during 2016, 2015 and 2014 for the top ten states in 2016 and all others are shown below:

 

  

 

2016

 

 

2015

 

 

2014

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

 

(Dollars in thousands)

 

Pennsylvania

 

$

39,460

 

 

 

10.7

%

 

$

36,294

 

 

 

9.7

%

 

$

35,488

 

 

 

9.4

%

Georgia

 

 

38,168

 

 

 

10.4

%

 

 

40,497

 

 

 

10.8

%

 

 

36,761

 

 

 

9.8

%

Louisiana

 

 

30,426

 

 

 

8.3

%

 

 

38,874

 

 

 

10.3

%

 

 

47,643

 

 

 

12.7

%

Florida

 

 

29,051

 

 

 

7.9

%

 

 

24,792

 

 

 

6.6

%

 

 

20,691

 

 

 

5.5

%

Illinois

 

 

25,796

 

 

 

7.0

%

 

 

23,285

 

 

 

6.2

%

 

 

20,606

 

 

 

5.5

%

North Carolina

 

 

20,784

 

 

 

5.6

%

 

 

20,062

 

 

 

5.3

%

 

 

20,872

 

 

 

5.6

%

Virginia

 

 

16,599

 

 

 

4.5

%

 

 

15,656

 

 

 

4.2

%

 

 

16,764

 

 

 

4.5

%

Minnesota

 

 

15,130

 

 

 

4.1

%

 

 

14,618

 

 

 

3.9

%

 

 

13,159

 

 

 

3.5

%

South Carolina

 

 

13,897

 

 

 

3.8

%

 

 

12,955

 

 

 

3.4

%

 

 

12,414

 

 

 

3.3

%

Wisconsin

 

 

13,544

 

 

 

3.7

%

 

 

11,203

 

 

 

3.0

%

 

 

9,408

 

 

 

2.5

%

All others

 

 

125,849

 

 

 

34.0

%

 

 

137,658

 

 

 

36.6

%

 

 

141,941

 

 

 

37.7

%

Total net premiums earned

 

$

368,704

 

 

 

100.0

%

 

$

375,894

 

 

 

100.0

%

 

$

375,747

 

 

 

100.0

%