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Concentration of Operations
12 Months Ended
Dec. 31, 2019
Concentration Of Operations [Abstract]  
Concentration of Operations

17.

Concentration of Operations

The Company derives its premium revenues from its operations in the workers’ compensation insurance line of business.  

 

Net premiums earned during 2019, 2018 and 2017 for the top ten states in 2019 and all others are shown below:

 

  

 

2019

 

 

2018

 

 

2017

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

 

(Dollars in thousands)

 

Florida

 

$

39,936

 

 

 

12.0

%

 

$

39,672

 

 

 

11.3

%

 

$

34,615

 

 

 

10.0

%

Georgia

 

 

38,090

 

 

 

11.4

%

 

 

40,351

 

 

 

11.5

%

 

 

40,801

 

 

 

11.8

%

Pennsylvania

 

 

27,519

 

 

 

8.3

%

 

 

31,708

 

 

 

9.1

%

 

 

32,931

 

 

 

9.5

%

Louisiana

 

 

24,782

 

 

 

7.4

%

 

 

25,810

 

 

 

7.4

%

 

 

25,422

 

 

 

7.3

%

North Carolina

 

 

18,800

 

 

 

5.7

%

 

 

19,537

 

 

 

5.6

%

 

 

18,388

 

 

 

5.3

%

Illinois

 

 

16,929

 

 

 

5.1

%

 

 

19,710

 

 

 

5.6

%

 

 

22,169

 

 

 

6.4

%

Virginia

 

 

15,249

 

 

 

4.6

%

 

 

15,228

 

 

 

4.3

%

 

 

16,298

 

 

 

4.7

%

Minnesota

 

 

13,399

 

 

 

4.0

%

 

 

12,900

 

 

 

3.7

%

 

 

13,968

 

 

 

4.0

%

Wisconsin

 

 

13,388

 

 

 

4.0

%

 

 

14,101

 

 

 

4.0

%

 

 

13,790

 

 

 

4.0

%

South Carolina

 

 

13,020

 

 

 

3.9

%

 

 

13,924

 

 

 

4.0

%

 

 

13,327

 

 

 

3.9

%

All others

 

 

111,776

 

 

 

33.6

%

 

 

117,385

 

 

 

33.5

%

 

 

114,447

 

 

 

33.1

%

Total net premiums earned

 

$

332,888

 

 

 

100.0

%

 

$

350,326

 

 

 

100.0

%

 

$

346,156

 

 

 

100.0

%