Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [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 United States generally accepted accounting principles (“GAAP”). Financial data by segment is as follows:

	Three Months Ended June 30,
	2014			2013
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	56,696		$	49,612
Personal lines		79,893			77,351
GAAP premiums earned		136,589			126,963
Net investment income		4,614			4,671
Realized investment gains		2,034			1,254
Equity in earnings of DFSC		349			676
Other		1,896			1,944
Total revenues	$	145,482		$	135,508
Income before income taxes:
Underwriting loss:
Commercial lines	$	(5,827	)	$	(3,079	)
Personal lines		(3,125	)		(3,448	)
SAP underwriting loss		(8,952	)		(6,527	)
GAAP adjustments		3,475			2,591
GAAP underwriting loss		(5,477	)		(3,936	)
Net investment income		4,614			4,671
Realized investment gains		2,034			1,254
Equity in earnings of DFSC		349			676
Other		800			197
Income before income taxes	$	2,320		$	2,862

	Six Months Ended June 30,
	2014			2013
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	111,042		$	97,243
Personal lines		159,095			154,422
GAAP premiums earned		270,137			251,665
Net investment income		9,230			9,486
Realized investment gains		1,946			2,595
Equity in earnings of DFSC		758			1,764
Other		3,750			3,870
Total revenues	$	285,821		$	269,380
Income before income taxes:
Underwriting loss:
Commercial lines	$	(11,175	)	$	(4,670	)
Personal lines		(6,959	)		(3,224	)
SAP underwriting loss		(18,134	)		(7,894	)
GAAP adjustments		6,400			4,340
GAAP underwriting loss		(11,734	)		(3,554	)
Net investment income		9,230			9,486
Realized investment gains		1,946			2,595
Equity in earnings of DFSC		758			1,764
Other		1,327			654
Income before income taxes	$	1,527		$	10,945