Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

6 - Segment Information

We evaluate the performance of our personal lines and commercial lines segments based upon the underwriting results of our insurance subsidiaries using statutory accounting principles (“SAP”) that various state insurance departments prescribe or permit. Our management uses SAP to measure the performance of our insurance subsidiaries instead of GAAP. Financial data by segment is as follows:

	Three Months Ended September 30,
	2011			2010
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	37,948		$	29,436
Personal lines		70,976			65,513
Net premiums earned		108,924			94,949
GAAP adjustments		(417	)		—
GAAP premiums earned		108,507			94,949
Net investment income		5,042			4,709
Realized investment gains		2,459			2,460
Other		3,157			1,632
Total revenues	$	119,165		$	103,750
(Loss) income before income taxes:
Underwriting income (loss):
Commercial lines	($	1,617	)	$	1,819
Personal lines		(13,788	)		(5,906	)
SAP underwriting loss		(15,405	)		(4,087	)
GAAP adjustments		1,708			1,006
GAAP underwriting loss		(13,697	)		(3,081	)
Net investment income		5,042			4,709
Realized investment gains		2,459			2,460
Other		2,137			947
(Loss) income before income taxes	($	4,059	)	$	5,035

	Nine Months Ended September 30,
	2011			2010
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	109,891		$	86,027
Personal lines		210,608			193,324
Net premiums earned		320,499			279,351
GAAP adjustments		(3,206	)		(28	)
GAAP premiums earned		317,293			279,323
Net investment income		15,693			14,608
Realized investment gains		7,148			4,447
Other		7,668			4,749
Total revenues	$	347,802		$	303,127
(Loss) income before income taxes:
Underwriting income (loss):
Commercial lines	($	1,189	)	$	1,058
Personal lines		(31,600	)		(18,173	)
SAP underwriting loss		(32,789	)		(17,115	)
GAAP adjustments		2,138			2,696
GAAP underwriting loss		(30,651	)		(14,419	)
Net investment income		15,693			14,608
Realized investment gains		7,148			4,447
Other		4,276			2,545
(Loss) income before income taxes	($	3,534	)	$	7,181