Segment Information

6 Months Ended

Jun. 30, 2012

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 June 30,
	2012			2011
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	42,946		$	37,039
Personal lines		74,626			68,956
Net premiums earned		117,572			105,995
GAAP adjustments		(3	)		(1,003	)
GAAP premiums earned		117,569			104,992
Net investment income		4,919			5,421
Realized investment gains		1,528			4,316
Other		3,283			2,325
Total revenues	$	127,299		$	117,054
Income (loss) before income taxes:
Underwriting (loss) income:
Commercial lines	$	(157	)	$	302
Personal lines		(9,815	)		(14,821	)
SAP underwriting loss		(9,972	)		(14,519	)
GAAP adjustments		3,572			1,495
GAAP underwriting loss		(6,400	)		(13,024	)
Net investment income		4,919			5,421
Realized investment gains		1,528			4,316
Other		2,068			1,215
Income (loss) before income taxes	$	2,115		$	(2,072	)

	Six Months Ended June 30,
	2012			2011
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	83,783		$	71,943
Personal lines		148,484			139,632
Net premiums earned		232,267			211,575
GAAP adjustments		(6	)		(2,788	)
GAAP premiums earned		232,261			208,787
Net investment income		10,009			10,651
Realized investment gains		3,838			4,689
Other		6,539			4,511
Total revenues	$	252,647		$	228,638
Income before income taxes:
Underwriting income (loss):
Commercial lines	$	2,320		$	428
Personal lines		(12,574	)		(17,812	)
SAP underwriting loss		(10,254	)		(17,384	)
GAAP adjustments		4,519			430
GAAP underwriting loss		(5,735	)		(16,954	)
Net investment income		10,009			10,651
Realized investment gains		3,838			4,689
Other		3,851			2,139
Income before income taxes	$	11,963		$	525