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Concentration of Operations
12 Months Ended
Dec. 31, 2021
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 2021, 2020 and 2019 for the top ten states in 2021 and all others are shown below:

 

  

 

2021

 

 

2020

 

 

2019

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

 

(Dollars in thousands)

 

Georgia

 

$

34,772

 

 

 

12.6

%

 

$

37,926

 

 

 

12.5

%

 

$

38,090

 

 

 

11.4

%

Florida

 

 

31,514

 

 

 

11.4

%

 

 

34,617

 

 

 

11.4

%

 

 

39,936

 

 

 

12.0

%

Louisiana

 

 

20,476

 

 

 

7.4

%

 

 

22,668

 

 

 

7.4

%

 

 

24,782

 

 

 

7.4

%

Pennsylvania

 

 

19,574

 

 

 

7.1

%

 

 

24,340

 

 

 

8.0

%

 

 

27,519

 

 

 

8.3

%

North Carolina

 

 

15,964

 

 

 

5.8

%

 

 

17,338

 

 

 

5.7

%

 

 

18,800

 

 

 

5.7

%

Illinois

 

 

13,680

 

 

 

5.0

%

 

 

14,802

 

 

 

4.9

%

 

 

16,929

 

 

 

5.1

%

Wisconsin

 

 

13,108

 

 

 

4.7

%

 

 

12,263

 

 

 

4.0

%

 

 

13,388

 

 

 

4.0

%

Virginia

 

 

12,579

 

 

 

4.6

%

 

 

14,041

 

 

 

4.6

%

 

 

15,249

 

 

 

4.6

%

Minnesota

 

 

10,612

 

 

 

3.8

%

 

 

11,057

 

 

 

3.6

%

 

 

13,399

 

 

 

4.0

%

South Carolina

 

 

9,186

 

 

 

3.3

%

 

 

11,270

 

 

 

3.7

%

 

 

13,020

 

 

 

3.9

%

All others

 

 

94,528

 

 

 

34.3

%

 

 

104,105

 

 

 

34.2

%

 

 

111,776

 

 

 

33.6

%

Total net premiums earned

 

$

275,993

 

 

 

100.0

%

 

$

304,427

 

 

 

100.0

%

 

$

332,888

 

 

 

100.0

%