Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Information [Abstract]

Financial Data by Segment

Financial data by segment for the three and six months ended June 30, 2023 and 2022 is as follows:

	Three Months Ended June 30,
	2023			2022
	(in thousands)
Revenues:
Premiums earned:
Commercial lines	$	128,092		$	126,854
Personal lines		88,168			77,274
GAAP premiums earned		216,260			204,128
Net investment income		10,157			8,204
Investment gains (losses)		2,504			(8,377	)
Other		275			356
Total revenues	$	229,196		$	204,311
Income (loss) before income tax expense (benefit):
Underwriting loss:
Commercial lines	$	(5,429	)	$	(4,848	)
Personal lines		(6,424	)		(8,170	)
SAP underwriting loss		(11,853	)		(13,018	)
GAAP adjustments		1,649			2,842
GAAP underwriting loss		(10,204	)		(10,176	)
Net investment income		10,157			8,204
Investment gains (losses)		2,504			(8,377	)
Other		(204	)		(230	)
Income (loss) before income tax expense (benefit)	$	2,253		$	(10,579	)

	Six Months Ended June 30,
	2023			2022
	(in thousands)
Revenues:
Premiums earned:
Commercial lines	$	258,558		$	251,183
Personal lines		172,935			152,194
GAAP premiums earned		431,493			403,377
Net investment income		19,607			16,063
Investment gains (losses)		2,173			(8,453	)
Other		669			951
Total revenues	$	453,942		$	411,938
Income before income tax expense:
Underwriting loss:
Commercial lines	$	(13,353	)	$	(4,773	)
Personal lines		(5,562	)		(3,528	)
SAP underwriting loss		(18,915	)		(8,301	)
GAAP adjustments		6,086			6,554
GAAP underwriting loss		(12,829	)		(1,747	)
Net investment income		19,607			16,063
Investment gains (losses)		2,173			(8,453	)
Other		(401	)		(216	)
Income before income tax expense	$	8,550		$	5,647