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Concentration of Operations
12 Months Ended
Dec. 31, 2020
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 2020, 2019 and 2018 for the top ten states in 2020 and all others are shown below:

 

  

 

2020

 

 

2019

 

 

2018

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

 

(Dollars in thousands)

 

Georgia

 

$

37,926

 

 

 

12.5

%

 

$

38,090

 

 

 

11.4

%

 

$

40,351

 

 

 

11.5

%

Florida

 

 

34,617

 

 

 

11.4

%

 

 

39,936

 

 

 

12.0

%

 

 

39,672

 

 

 

11.3

%

Pennsylvania

 

 

24,340

 

 

 

8.0

%

 

 

27,519

 

 

 

8.3

%

 

 

31,708

 

 

 

9.1

%

Louisiana

 

 

22,668

 

 

 

7.4

%

 

 

24,782

 

 

 

7.4

%

 

 

25,810

 

 

 

7.4

%

North Carolina

 

 

17,338

 

 

 

5.7

%

 

 

18,800

 

 

 

5.7

%

 

 

19,537

 

 

 

5.6

%

Illinois

 

 

14,802

 

 

 

4.9

%

 

 

16,929

 

 

 

5.1

%

 

 

19,710

 

 

 

5.6

%

Virginia

 

 

14,041

 

 

 

4.6

%

 

 

15,249

 

 

 

4.6

%

 

 

15,228

 

 

 

4.3

%

Wisconsin

 

 

12,263

 

 

 

4.0

%

 

 

13,388

 

 

 

4.0

%

 

 

14,101

 

 

 

4.0

%

South Carolina

 

 

11,270

 

 

 

3.7

%

 

 

13,020

 

 

 

3.9

%

 

 

13,924

 

 

 

4.0

%

Minnesota

 

 

11,057

 

 

 

3.6

%

 

 

13,399

 

 

 

4.0

%

 

 

12,900

 

 

 

3.7

%

All others

 

 

104,105

 

 

 

34.2

%

 

 

111,776

 

 

 

33.6

%

 

 

117,385

 

 

 

33.5

%

Total net premiums earned

 

$

304,427

 

 

 

100.0

%

 

$

332,888

 

 

 

100.0

%

 

$

350,326

 

 

 

100.0

%