Segment Information

9 Months Ended

Sep. 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 September 30,
	2014		2013
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	59,221	$	52,040
Personal lines		82,929		78,605
GAAP premiums earned		142,150		130,645
Net investment income		4,299		4,624
Realized investment gains		351		349
Equity in earnings of DFSC		477		735
Other		1,858		1,982
Total revenues	$	149,135	$	138,335
Income before income taxes:
Underwriting income (loss):
Commercial lines	$	2,383	$	2,537
Personal lines		1,415		(961	)
SAP underwriting income		3,798		1,576
GAAP adjustments		730		1,509
GAAP underwriting income		4,528		3,085
Net investment income		4,299		4,624
Realized investment gains		351		349
Equity in earnings of DFSC		477		735
Other		959		721
Income before income taxes	$	10,614	$	9,514

	Nine Months Ended September 30,
	2014			2013
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	170,263		$	149,283
Personal lines		242,024			233,027
GAAP premiums earned		412,287			382,310
Net investment income		13,529			14,110
Realized investment gains		2,297			2,944
Equity in earnings of DFSC		1,235			2,500
Other		5,608			5,851
Total revenues	$	434,956		$	407,715
Income before income taxes:
Underwriting loss:
Commercial lines	$	(8,792	)	$	(2,133	)
Personal lines		(5,544	)		(4,185	)
SAP underwriting loss		(14,336	)		(6,318	)
GAAP adjustments		7,130			5,849
GAAP underwriting loss		(7,206	)		(469	)
Net investment income		13,529			14,110
Realized investment gains		2,297			2,944
Equity in earnings of DFSC		1,235			2,500
Other		2,286			1,375
Income before income taxes	$	12,141		$	20,460