Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary of Business Segment Information

The following are tabulations of business segment information for the quarters ended March 31, 2021 and 2020:

Quarter Ended March 31, 2021 (Dollars in thousands)	Commercial Specialty			Specialty Property		Farm, Ranch & Stable			Reinsurance Operations			(1)	Total
Revenues:
Gross written premiums	$	87,332		$	33,358	$	21,002		$	21,866			$	163,558
Net written premiums	$	78,515		$	29,699	$	17,603		$	21,866			$	147,683
Net earned premiums	$	76,150		$	30,591	$	18,141		$	18,818			$	143,700
Other income (loss)		—			430		34			(56	)			408
Total revenues		76,150			31,021		18,175			18,762				144,108
Losses and Expenses:
Net losses and loss adjustment expenses		53,235			14,478		11,801			11,269				90,783
Acquisition costs and other underwriting expenses		28,177			13,039		6,986			6,562				54,764
Income (loss) from segments	$	(5,262	)	$	3,504	$	(612	)	$	931			$	(1,439	)
Unallocated Items:
Net investment income														9,836
Net realized investment gains														3,819
Other loss														(31	)
Corporate and other operating expenses														(4,276	)
Interest expense														(2,595	)
Income before income taxes														5,314
Income tax benefit														203
Net income														5,517
Segment assets	$	856,180		$	217,190	$	147,697		$	281,543			$	1,502,610
Corporate assets														395,036
Total assets													$	1,897,646

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

Quarter Ended March 31, 2020 (Dollars in thousands)	Commercial Specialty		Specialty Property		Farm, Ranch & Stable		Reinsurance Operations			(1)	Total
Revenues:
Gross written premiums	$	80,831	$	35,243	$	22,133	$	17,517			$	155,724
Net written premiums	$	72,483	$	30,007	$	19,105	$	17,517			$	139,112
Net earned premiums	$	67,714	$	34,216	$	18,683	$	23,855			$	144,468
Other income (loss)		—		427		36		(295	)			168
Total revenues		67,714		34,643		18,719		23,560				144,636
Losses and Expenses:
Net losses and loss adjustment expenses		37,435		17,498		9,610		13,104				77,647
Acquisition costs and other underwriting expenses		25,993		14,232		7,638		8,549				56,412
Income (loss) from segments	$	4,286	$	2,913	$	1,471	$	1,907			$	10,577
Unallocated Items:
Net investment income												10,129
Net realized investment loss												(68,162	)
Other loss												(3	)
Corporate and other operating expenses												(4,223	)
Interest expense												(4,865	)
Loss before income taxes												(56,547	)
Income tax benefit												11,969
Net loss												(44,578	)
Segment assets	$	730,202	$	209,758	$	135,731	$	276,640			$	1,352,331
Corporate assets												676,173
Total assets											$	2,028,504

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