Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

The following are tabulations of business segment information for the years ended December 31, 2018, 2017, and 2016. Corporate information is included to reconcile segment data to the consolidated financial statements.

2018: (Dollars in thousands)	Commercial Lines		(1)	Personal Lines			(1)	Reinsurance Operations			(2)	Total
Revenues:
Gross premiums written	$	249,948		$	249,906		(6)	$	48,043			$	547,897
Net premiums written	$	226,827		$	197,687			$	48,033			$	472,547
Net premiums earned	$	218,357		$	198,016			$	51,402			$	467,775
Other income (loss)		—			1,938				(210	)			1,728
Total revenues		218,357			199,954				51,192				469,503
Losses and Expenses:
Net losses and loss adjustment expenses		114,476			163,889				56,260				334,625
Acquisition costs and other underwriting expenses		87,371	(3)		85,561		(4)		17,846				190,778
Income (loss) from segments	$	16,510		$	(49,496	)		$	(22,914	)			(55,900	)
Unallocated Items:
Net investment income													46,342
Net realized investment losses													(16,907	)
Corporate and other operating expenses													(29,766	)
Interest expense													(19,694	)
Loss before income taxes													(75,925	)
Income tax benefit													19,229
Net loss												$	(56,696	)
Total assets	$	807,110		$	534,160			$	618,996		(5)	$	1,960,266

(1)	Includes business ceded to the Company’s Reinsurance Operations.

(2)	External business only, excluding business assumed from affiliates.

(3) Includes federal excise tax of $386 relating to cessions from Commercial Lines to Reinsurance Operations.

(4)	Includes federal excise tax of $458 relating to cessions from Personal Lines to Reinsurance Operations.

(5)	Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries

(6)	Includes ($2,062) of business written by American Reliable that is ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.

2017: (Dollars in thousands)	Commercial Lines		(1)	Personal Lines			(1)	Reinsurance Operations			(2)	Total
Revenues:
Gross premiums written	$	212,670		$	249,777		(6)	$	53,887			$	516,334
Net premiums written	$	186,448		$	209,799			$	53,933			$	450,180
Net premiums earned	$	178,798		$	215,983			$	43,253			$	438,034
Other income		78			6,288				216				6,582
Total revenues		178,876			222,271				43,469				444,616
Losses and Expenses:
Net losses and loss adjustment expenses		62,834			165,798				40,580				269,212
Acquisition costs and other underwriting expenses		75,990	(3)		93,113		(4)		14,630				183,733
Income (loss) from segments	$	40,052		$	(36,640	)		$	(11,741	)			(8,329	)
Unallocated Items:
Net investment income													39,323
Net realized investment gains													1,576
Corporate and other operating expenses													(25,714	)
Interest expense													(16,906	)
Loss before income taxes													(10,050	)
Income tax benefit													499
Net loss												$	(9,551	)
Total assets	$	905,184		$	467,525			$	628,960		(5)	$	2,001,669

(1)	Includes business ceded to the Company’s Reinsurance Operations.

(2)	External business only, excluding business assumed from affiliates.

(3)	Includes federal excise tax of $714 relating to cessions from Commercial Lines to Reinsurance Operations.

(4)	Includes federal excise tax of $862 relating to cessions from Personal Lines to Reinsurance Operations.

(5)	Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries

(6)	Includes ($1,338) of business written by American Reliable that is ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.

2016: (Dollars in thousands)	Commercial Lines		(1)	Personal Lines			(1)	Reinsurance Operations			(2)	Total
Revenues:
Gross premiums written	$	203,061		$	302,947		(6)	$	59,837			$	565,845
Net premiums written	$	182,956		$	228,183			$	59,801			$	470,940
Net premiums earned	$	189,342		$	237,555			$	41,568			$	468,465
Other income (loss)		6,857			3,712				(224	)			10,345
Total revenues		196,199			241,267				41,344				478,810
Losses and Expenses:
Net losses and loss adjustment expenses		75,401			174,528				14,074				264,003
Acquisition costs and other underwriting expenses		81,477	(3)		99,109		(4)		16,064				196,650
Income (loss) from segments	$	39,321		$	(32,370	)		$	11,206				18,157
Unallocated Items:
Net investment income													33,983
Net realized investment gains													21,721
Corporate and other operating expenses													(17,338	)
Interest expense													(8,905	)
Income before income taxes													47,618
Income tax benefit													2,250
Net income												$	49,868
Total assets	$	790,564		$	470,508			$	711,874		(5)	$	1,972,946

(1)	Includes business ceded to the Company’s Reinsurance Operations.

(2)	External business only, excluding business assumed from affiliates.

(3)	Includes federal excise tax of $756 relating to cessions from Commercial Lines to Reinsurance Operations.

(4)	Includes federal excise tax of $948 relating to cessions from Personal Lines to Reinsurance Operations.

(5)	Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries

(6)	Includes $35,334 of business written by American Reliable that is ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.