Segment Information

6 Months Ended

Jun. 30, 2015

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,
	2015			2014
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	64,253		$	56,696
Personal lines		86,205			79,893
GAAP premiums earned		150,458			136,589
Net investment income		5,157			4,614
Realized investment gains		390			2,034
Equity in earnings of DFSC		342			349
Other		1,670			1,896
Total revenues	$	158,017		$	145,482
Income before income taxes:
Underwriting income (loss):
Commercial lines	$	2,171		$	(5,827	)
Personal lines		(2,898	)		(3,125	)
SAP underwriting loss		(727	)		(8,952	)
GAAP adjustments		2,628			3,475
GAAP underwriting income (loss)		1,901			(5,477	)
Net investment income		5,157			4,614
Realized investment gains		390			2,034
Equity in earnings of DFSC		342			349
Other		603			800
Income before income taxes	$	8,393		$	2,320

	Six Months Ended June 30,
	2015			2014
	(in thousands)
Revenues:
Premiums earned
Commercial lines	$	126,580		$	111,042
Personal lines		170,408			159,095
GAAP premiums earned		296,988			270,137
Net investment income		10,106			9,230
Realized investment gains		1,437			1,946
Equity in earnings of DFSC		868			758
Other		3,390			3,750
Total revenues	$	312,789		$	285,821
Income before income taxes:
Underwriting income (loss):
Commercial lines	$	2,002		$	(11,175	)
Personal lines		(2,772	)		(6,959	)
SAP underwriting loss		(770	)		(18,134	)
GAAP adjustments		4,501			6,400
GAAP underwriting income (loss)		3,731			(11,734	)
Net investment income		10,106			9,230
Realized investment gains		1,437			1,946
Equity in earnings of DFSC		868			758
Other		1,267			1,327
Income before income taxes	$	17,409		$	1,527