Hallmark Financial Services (HALL) 10-K 14 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 14, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	HALLMARK FINANCIAL SERVICES INC
Entity Central Index Key	0000819913
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	hall
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		18,123,093
Entity Public Float			$ 129.5

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Debt securities, available-for-sale, at fair value (amortized cost; $550,268 in 2018 and $604,999 in 2017)	$ 545,870	$ 605,746
Equity securities (cost; $68,709 in 2018 and $30,253 in 2017)	80,896	51,763
Other investments (cost; $3,763 in 2018 and $3,763 in 2017)	1,148	3,824
Total investments	627,914	661,333
Cash and cash equivalents	35,594	64,982
Restricted cash	4,877	2,651
Ceded unearned premiums	133,031	112,323
Premiums receivable	119,778	104,373
Accounts receivable	1,619	1,513
Receivable for securities	3,369	5,235
Reinsurance recoverable	252,029	182,928
Deferred policy acquisition costs	14,291	16,002
Goodwill	44,695	44,695
Intangible assets, net	7,555	10,023
Deferred federal income taxes, net	4,983	1,937
Federal income tax recoverable		7,532
Prepaid expenses	2,588	1,743
Other assets	12,571	13,856
Total assets	1,264,894	1,231,126
LIABILITIES AND STOCKHOLDERS' EQUITY
Revolving credit facility payable	30,000	30,000
Subordinated debt securities (less unamortized debt issuance cost of $898 in 2018 and $949 in 2017)	55,804	55,753
Reserves for unpaid losses and loss adjustment expenses	527,247	527,100
Unearned premiums	298,061	276,642
Reinsurance balances payable	67,328	52,487
Pension liability	2,018	1,605
Payable for securities	698	7,488
Federal income tax payable	4
Accounts payable and other accrued expenses	28,202	28,933
Total liabilities	1,009,362	980,008
Commitments and contingencies (Note 17)
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2018 and 2017	3,757	3,757
Additional paid-in capital	123,168	123,180
Retained earnings	161,195	136,474
Accumulated other comprehensive (loss) income	(6,660)	12,234
Treasury stock (2,846,131 shares in 2018 and 2,703,803 in 2017), at cost	(25,928)	(24,527)
Total stockholders equity	255,532	251,118
Liabilities and equity, total	$ 1,264,894	$ 1,231,126

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt securities, available-for-sale, cost (in dollars)	$ 550,268	$ 604,999
Equity securities, cost (in dollars)	68,709	30,253
Investments, available-for-sale, cost (in dollars)	622,740	639,015
Unamortized debt issuance cost (in dollars)	$ 898	$ 949
Common stock, par value (in dollars per share)	$ 0.18	$ 0.18
Common stock, authorized shares	33,333,333	33,333,333
Common stock, issued shares	20,872,831	20,872,831
Treasury stock, shares	2,846,131	2,703,803
Other Investments [Member]
Investments, available-for-sale, cost (in dollars)	$ 3,763	$ 3,763

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Operations [Abstract]
Gross premiums written	$ 663,015	$ 604,156
Ceded premiums written	(299,217)	(238,573)
Net premiums written	363,798	365,583
Change in unearned premiums	(711)	(4,546)
Net premiums earned	363,087	361,037
Investment income, net of expenses	18,232	18,874
Investment losses, net	(10,195)	(205)
Finance charges	5,115	3,867
Commissions and fees	2,928	1,679
Other income	101	269
Total revenues	379,268	385,521
Losses and loss adjustment expenses	256,028	288,308
Operating expenses	103,424	106,805
Interest expense	4,545	4,512
Amortization of intangible assets	2,468	2,468
Total expenses	366,465	402,093
Income (loss) before tax	12,803	(16,572)
Income tax expense (benefit)	2,456	(5,019)
Net income (loss)	$ 10,347	$ (11,553)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.57	$ (0.63)
Diluted (in dollars per share)	$ 0.57	$ (0.63)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ 10,347	$ (11,553)
Other comprehensive income (loss):
Change in net actuarial (loss) gain	(576)	548
Tax effect on change in net actuarial (loss) gain	121	(192)
Unrealized holding (losses) gains arising during the period	(3,343)	9,117
Tax effect on unrealized holding (losses) gains arising during the period	702	(3,191)
Reclassification adjustment for gains included in net realized gains	(1,803)	(6,799)
Tax effect on reclassification adjustment for gains included in net income	379	2,380
Other comprehensive (loss) income, net of tax	(4,520)	1,863
Comprehensive income (loss)	$ 5,827	$ (9,690)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Beginning balance at Dec. 31, 2016	$ 3,757	$ 123,166	$ 148,027	$ 10,371	$ (19,585)	$ 265,736
Beginning balance (in shares) at Dec. 31, 2016	20,873				2,261
Acquisition of treasury shares					$ (5,308)	(5,308)
Acquisition of treasury shares (in shares)					484
Equity incentive plan activity		149				149
Shares issued under employee benefit plans		(135)			$ 366	231
Shares issued under employee benefit plans, shares					(41)
Net income (loss)			(11,553)			(11,553)
Other comprehensive (loss) income, net of tax				1,863		1,863
Ending balance at Dec. 31, 2017	$ 3,757	123,180	136,474	12,234	$ (24,527)	251,118
Ending balance (in shares) at Dec. 31, 2017	20,873				2,704
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018			(2,619)	2,619
Acquisition of treasury shares					$ (1,807)	(1,807)
Acquisition of treasury shares (in shares)					187
Equity incentive plan activity		152				152
Shares issued under employee benefit plans		(164)			$ 406	242
Shares issued under employee benefit plans, shares					(45)
Net income (loss)			10,347			10,347
Other comprehensive (loss) income, net of tax				(4,520)		(4,520)
Ending balance at Dec. 31, 2018	$ 3,757	$ 123,168	161,195	(6,660)	$ (25,928)	$ 255,532
Ending balance (in shares) at Dec. 31, 2018	20,873				2,846
Cumulative effect of adoption of updated accounting guindance for equity financial instruments at January 1, 2018			$ 16,993	$ (16,993)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 10,347	$ (11,553)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:
Depreciation and amortization expense	5,141	4,715
Deferred federal income taxes	(1,844)	(1,575)
Investment losses, net	10,195	205
Share-based payments expense	152	149
Change in ceded unearned premiums	(20,708)	(30,841)
Change in premiums receivable	(15,405)	(14,658)
Change in accounts receivable	(106)	756
Change in deferred policy acquisition costs	1,711	3,191
Change in unpaid losses and loss adjustment expenses	147	45,533
Change in unearned premiums	21,419	35,388
Change in reinsurance recoverable	(69,101)	(35,107)
Change in reinsurance balances payable	14,841	5,999
Change in current federal income tax (recoverable)/payable	7,536	(3,581)
Change in all other liabilities	(267)	3,091
Change in all other assets	3,007	5,487
Net cash (used in) provided by operating activities	(32,935)	7,199
Cash flows from investing activities:
Purchases of property and equipment	(2,101)	(2,705)
Purchases of investment securities	(222,642)	(305,930)
Maturities, sales and redemptions of investment securities	232,081	287,187
Net cash provided by (used in) investing activities	7,338	(21,448)
Cash flows from financing activities:
Proceeds from exercise of employee stock options	242	231
Purchase of treasury shares	(1,807)	(5,308)
Net cash used in financing activities	(1,565)	(5,077)
Decrease in cash and cash equivalents and restricted cash	(27,162)	(19,326)
Cash and cash equivalents and restricted cash at beginning of year	67,633	86,959
Cash and cash equivalents and restricted cash at end of year	$ 40,471	$ 67,633

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Accounting Policies	1. General Hallmark Financial Services, Inc. (“Hallmark” and, together with subsidiaries, the “Company”, “we,” “us” or “our”) is an insurance holding company engaged in the sale of property/casualty insurance products to businesses and individuals. Our business involves marketing, distributing, underwriting and servicing our insurance products, as well as providing other insurance related services. We market, distribute, underwrite and service our property/casualty insurance products primarily through subsidiaries whose operations are organized into product-specific operating units that are supported by our insurance company subsidiaries. Our Contract Binding operating unit handles primarily commercial insurance products and services and is comprised of Hallmark Specialty Underwriters, Inc. (“HSU”), Pan American Acceptance Corporation (“PAAC”) and TGA Special Risk, Inc. (“TGASRI”). Our Specialty Commercial operating unit offers (i) general aviation insurance products and services, (ii) low and middle market commercial umbrella and excess liability insurance, (iii) medical and financial professional liability insurance products and services, (iv) satellite launch insurance products, and (v) primary/excess commercial property coverages for both catastrophe and non-catastrophe exposures. Certain specialty programs are also managed by our Specialty Commercial operating unit. Our Specialty Commercial operating unit is comprised of Aerospace Insurance Managers, Inc. (“Aerospace Insurance Managers”), Aerospace Special Risk, Inc. (“ASRI”), Aerospace Claims Management Group, Inc. (“ACMG”), Heath XS, LLC (“HXS”) and Hardscrabble Data Solutions, LLC (“HDS”). Our Standard Commercial P&C operating unit handles commercial insurance products and services and is comprised of American Hallmark Insurance Services, Inc. (“American Hallmark Insurance Services”) and Effective Claims Management, Inc. (“ECM”). Our Workers Compensation operating unit specializes in small and middle market workers compensation business and is comprised of TBIC Holding Corporation, Inc. (“TBIC Holding”), Texas Builders Insurance Company (“TBIC”) and TBIC Risk Management (“TBICRM”). Effective July 1, 2015, this operating unit ceased marketing or retaining any risk on new or renewal policies. Our Specialty Personal Lines operating unit handles personal insurance products and services and is comprised of American Hallmark General Agency, Inc. (“AHGA”) and Hallmark Claims Services, Inc. (“HCS”). Our insurance company subsidiaries supporting these operating units are American Hallmark Insurance Company of Texas (“AHIC”), Hallmark Insurance Company (“HIC”), Hallmark Specialty Insurance Company (“HSIC”), Hallmark County Mutual Insurance Company (“HCM”), Hallmark National Insurance Company (“HNIC”) and TBIC. These operating units are segregated into three reportable industry segments for financial accounting purposes. The Specialty Commercial Segment includes our Contract Binding operating unit and our Specialty Commercial operating unit. The Standard Commercial Segment includes our Standard Commercial P&C operating unit and our Workers Compensation operating unit. The Personal Segment consists solely of our Specialty Personal Lines operating unit. Basis of Presentation The accompanying consolidated financial statements include the accounts and operations of Hallmark and its subsidiaries. Intercompany accounts and transactions have been eliminated. The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) which, as to our insurance company subsidiaries, differ from statutory accounting practices prescribed or permitted for insurance companies by insurance regulatory authorities. Use of Estimates in the Preparation of Financial Statements Our preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect our reported amounts of assets and liabilities at the dates of the financial statements and our reported amounts of revenues and expenses during the reporting periods. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. We adjust such estimates and assumptions when facts and circumstances dictate. Since future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment may be reflected in the financial statements in future periods. Fair Value of Financial Instruments Fair value estimates are made at a point in time, based on relevant market data as well as the best information available about the financial instruments. Fair value estimates for financial instruments for which no or limited observable market data is available are based on judgments regarding current economic conditions, credit and interest rate risk. These estimates involve significant uncertainties and judgments and cannot be determined with precision. As a result, such calculated fair value estimates may not be realizable in a current sale or immediate settlement of the instrument. In addition, changes in the underlying assumptions used in the fair value measurement technique, including discount rate and estimates of future cash flows, could significantly affect these fair value estimates. Cash and Cash Equivalents: The carrying amounts reported in the balance sheet for these instruments approximate their fair values. Restricted Cash: The carrying amount for restricted cash reported in the balance sheet approximates the fair value. Revolving Credit Facility Payable: Our revolving credit facility with Frost Bank had a carried value of $30.0 million and a fair value of $30.2 million as of December 31, 2018 and December 31, 2017. This revolving credit facility would be included in Level 3 of the fair value hierarchy if it was reported at fair value. Subordinated debt securities: Our trust preferred securities are reported at carry value of $55.8 million and $55.8 million, and had a fair value of $45.6 million and $43.7 million, as of December 31, 2018 and 2017, respectively, and would be included in Level 3 of the fair value hierarchy if they were reported at fair value. For reinsurance balances, premiums receivable, federal income tax payable, other assets and other liabilities, the carrying amounts approximate fair value because of the short maturity of such financial instruments. Investments Debt securities available for sale are reported at fair value. Unrealized gains and losses are recorded as a component of stockholders’ equity, net of related tax effects. Debt securities that are determined to have other-than-temporary impairment are recognized as a loss on investments in the consolidated statements of operations for the portion that is related to credit deterioration with the remaining portion recognized in other comprehensive income. Debt security premiums and discounts are amortized into earnings using the effective interest method. Maturities of debt securities and sales of equity securities are recorded in receivable for securities until the cash is settled. Purchases of debt and equity securities are recorded in payable for securities until the cash is settled. Equity securities are reported at fair value. On January 1, 2018, we adopted ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity securities to be measured at fair value with changes in fair value recognized in net income. As a result of the new standard, equity securities with readily determinable fair values are no longer required to be evaluated for other-than-temporary impairment. Prior to the adoption of ASU 2016-01, unrealized gains and losses on equity securities were recorded as a component of stockholders’ equity, net of related tax effects. Other investments consists of an equity warrant which is reported at fair value. Unrealized gains and losses are reported in the statement of operations as a component of net realized gains (losses). Realized investment gains and losses are recognized in operations on the first in-first out method. Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Restricted Cash Restricted cash represents amounts required to be set aside by a contractual agreement with a third-party insurer and amounts pledged for the benefit of various state insurance departments. Premiums Receivable Premiums receivable represent amounts due from policyholders or independent agents for premiums written and uncollected. These balances are carried at net realizable value. Reinsurance We are routinely involved in reinsurance transactions with other companies. Reinsurance premiums, losses and loss adjustment expenses (“LAE”) are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. (See Note 7.) Deferred Policy Acquisition Costs Policy acquisition costs (mainly commission, underwriting and marketing expenses) that are directly related to the successful acquisition of new and renewal insurance contracts are deferred and charged to operations over periods in which the related premiums are earned. The method followed in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value. In determining estimated realizable value, the computation gives effect to the premium to be earned, expected investment income, losses and LAE and certain other costs expected to be incurred as the premiums are earned. If the computation results in an estimated net realizable value less than zero, a liability will be accrued for the premium deficiency. During 2018 and 2017, we deferred $35.7 million and $31.1 million of policy acquisition costs and amortized $37.4 million and $34.3 million of deferred policy acquisition costs, respectively. Therefore, the net (amortization) deferrals of policy acquisition costs were ($1.7) million and ($3.2) million for 2018 and 2017, respectively. Business Combinations We account for business combinations using the acquisition method of accounting pursuant to Accounting Standards Codification (“ASC”) 805, “Business Combinations.” The base cash purchase price plus the estimated fair value of any non-cash or contingent consideration given for an acquired business is allocated to the assets acquired (including identified intangible assets) and liabilities assumed based on the estimated fair values of such assets and liabilities. The excess of the fair value of the total consideration given for an acquired business over the aggregate net fair values assigned to the assets acquired and liabilities assumed is recorded as goodwill. Contingent consideration is recognized as a liability at fair value as of the acquisition date with subsequent fair value adjustments recorded in the consolidated statements of operations. The valuation of contingent consideration requires assumptions regarding anticipated cash flows, probabilities of cash flows, discount rates and other factors. Significant judgment is employed in determining the propriety of these assumptions as of the acquisition date and for each subsequent period. Accordingly, future business and economic conditions, as well as changes in any of the assumptions, can materially impact the amount of contingent consideration expense we record in any given period. Indirect and general expenses related to business combinations are expensed as incurred. Goodwill and Intangible Assets, net We account for our goodwill and intangible assets according to ASC 350, “Intangibles – Goodwill and Other.” Under ASC 350, intangible assets with a finite life are amortized over the estimated useful life of the asset. Goodwill and intangible assets with an indefinite useful life are not amortized. Goodwill and intangible assets are tested for impairment on an annual basis or more frequently if events or changes in circumstances indicate that the carrying amount may not be recoverable. For goodwill, we may perform a qualitative test to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. The first step of the quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill (“Step 1”). If the fair value of a reporting unit exceeds its carrying value amount, goodwill of the reporting unit is not considered to have a potential impairment and the second step is not necessary. However, if the carrying amount of the reporting unit exceeds its fair value, the second step (“Step 2”) is performed to determine if goodwill is impaired and to measure the amount of impairment loss to recognize, if any. Step 2 compares the implied fair value of goodwill with the carrying amount of goodwill. If the implied value of goodwill is less than the carrying amount of goodwill, it is written down to its fair value with a corresponding expense reflected in the Consolidated Statements of Income. The implied goodwill is calculated based on a hypothetical purchase price allocation, similar to the requirements in the accounting guidance for business combinations, whereby the implied fair value of the reporting unit is allocated to the fair value of the assets and liabilities of the reporting unit. We have elected to perform our goodwill impairment test on the first day of the fourth quarter, October 1, of each year. Leases We have several leases, primarily for office facilities and computer equipment, which expire in various years through 2032. Some of these leases include rent escalation provisions throughout the term of the lease. We expense the average annual cost of the lease with the difference to the actual rent invoices recorded as deferred rent which is classified in accounts payable and other accrued expenses on our consolidated balance sheets. Property and Equipment Property and equipment (including leasehold improvements), aggregating $27.0 million and $24.9 million, at December 31, 2018 and 2017, respectively, which is included in other assets, is recorded at cost and is depreciated using the straight-line method over the estimated useful lives of the assets (three to ten years) or the life of the lease, whichever is shorter. Depreciation expense for 2018 and 2017 was $2.7 million and $2.2 million, respectively. Accumulated depreciation was $20.0 million and $17.3 million at December 31, 2018 and 2017, respectively. Variable Interest Entities On June 21, 2005, we formed Hallmark Statutory Trust I (“Trust I”), an unconsolidated trust subsidiary, for the sole purpose of issuing $30.0 million in trust preferred securities. Trust I used the proceeds from the sale of these securities and our initial capital contribution to purchase $30.9 million of subordinated debt securities from Hallmark. The debt securities are the sole assets of Trust I, and the payments under the debt securities are the sole revenues of Trust I. On August 23, 2007, we formed Hallmark Statutory Trust II (“Trust II”), an unconsolidated trust subsidiary, for the sole purpose of issuing $25.0 million in trust preferred securities. Trust II used the proceeds from the sale of these securities and our initial capital contribution to purchase $25.8 million of subordinated debt securities from Hallmark. The debt securities are the sole assets of Trust II, and the payments under the debt securities are the sole revenues of Trust II. We evaluate on an ongoing basis our investments in Trust I and Trust II (collectively, the “Trusts”) and we do not have variable interests in the Trusts. Therefore, the Trusts are not consolidated in our consolidated financial statements. We are also involved in the normal course of business with variable interest entities primarily as a passive investor in mortgage-backed securities and certain collateralized corporate bank loans issued by third party variable interest entities. The maximum exposure to loss with respect to these investments is limited to the investment carrying values included in the consolidated balance sheets. Losses and Loss Adjustment Expenses Losses and LAE represent the estimated ultimate net cost of all reported and unreported losses incurred through December 31, 2018 and 2017. The reserves for unpaid losses and LAE are estimated using individual case-basis valuations and statistical analyses. These estimates are subject to the effects of trends in loss severity and frequency. Although considerable variability is inherent in such estimates, we believe that the reserves for unpaid losses and LAE are adequate. The estimates are continually reviewed and adjusted as experience develops or new information becomes known. Such adjustments are included in current operations. Recognition of Premium Revenues Insurance premiums are earned pro rata over the terms of the policies. Insurance policy fees are earned as of the effective date of the policy. Upon cancellation, any unearned premium is refunded to the insured. Insurance premiums written include gross policy fees of $6.5 million and $7.6 million for the years ended December 31, 2018 and 2017, respectively. Insurance premiums on monthly reporting workers’ compensation policies are earned on the conclusion of the monthly coverage period. Deposit premiums for workers’ compensation policies are earned upon the expiration of the policy. Finance Charges We receive premium installment fees for each direct bill payment from policyholders. Installment fee income is classified as finance charges on the consolidated statement of operations and is recognized as the fee is invoiced. Agent Commissions We pay monthly commissions to agents based on written premium produced, but generally recognize the expense pro rata over the term of the policy. If the policy is cancelled prior to its expiration, the unearned portion of the agent commission is refundable to us. The unearned portion of commissions paid to agents is included in deferred policy acquisition costs. We annually pay a profit sharing commission to our independent agency force based upon the results of the business produced by each agent. We estimate and accrue this liability to commission expense in the year the business is produced. Commission expense is classified as operating expenses in the consolidated statements of operations. Income Taxes We file a consolidated federal income tax return. Deferred federal income taxes reflect the future tax consequences of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year end. Deferred taxes are recognized using the liability method, whereby tax rates are applied to cumulative temporary differences based on when and how they are expected to affect the tax return. Deferred tax assets and liabilities are adjusted for tax rate changes in effect for the year in which these temporary differences are expected to be recovered or settled. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was enacted. Among many changes resulting from TCJA, the new law (i) reduces the corporate tax rate to 21% effective January 1, 2018, (ii) eliminates the corporate alternative minimum tax for tax years beginning after December 31, 2017, (iii) allows businesses to immediately expense, for tax purposes, the cost of new investments in certain qualified depreciable assets, (iv) modifies the computation of loss reserve discounting for tax purposes, (v) modifies the recognition of income rules by requiring the recognition of income for certain items no later than the tax year in which an item is taken into account as income on an applicable financial statement and (vi) significantly modifies the United States international tax system. Net loss for the year ended December 31, 2017 included a charge of $1.3 million from the revaluation of deferred tax balances from a 35% statutory tax rate to the new 21% statutory tax rate as a result of TCJA. Earnings Per Share The computation of earnings per share is based upon the weighted average number of common shares outstanding during the period plus the effect of common shares potentially issuable (in periods in which they have a dilutive effect), primarily from stock options. (See Notes 11 and 13.) Adoption of New Accounting Pronouncements On February 14, 2018, the FASB issued ASU 2018‑02, “Income Statement- Reporting Comprehensive Income (Topic 220)” providing updated guidance that allows a reclassification of the stranded tax effects in accumulated other comprehensive income (AOCI) resulting from the TCJA. Prior guidance required the effect of a change in tax laws or rates on deferred tax balances to be reported in income from continuing operations in the accounting period that included the period of enactment, even if the related income tax effects were originally charged or credited directly to AOCI. The amount of the reclassification would have included the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of the enactment of TCJA related to items in AOCI. The updated guidance was effective for reporting periods beginning after December 15, 2018 and is applied retrospectively to each period in which the effect of the TCJA related to items remaining in AOCI is recognized or at the beginning of the period of adoption. The Company adopted the updated guidance effective January 1, 2018. The reclassification of the stranded tax effects out of AOCI and into retained earnings was $2.6 million. The adoption did not affect the Company’s results of operations, financial position, or liquidity. In January 2017, the FASB issued ASU 2017‑01, “Clarifying the Definition of a Business (Topic 715)”. ASU 2017‑01 is intended to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017‑01 is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The adoption of this standard did not have a material impact on our financial condition or results of operations. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10)”. ASU 2016-01 requires equity investments that are not consolidated or accounted for under the equity method of accounting to be measured at fair value with changes in fair value recognized in net income. ASU 2016-01 also requires us to assess the ability to realize our deferred tax assets (“DTAs”) related to an available-for-sale debt security in combination with our other DTAs. ASU 2016-01 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this guidance resulted in the recognition of $17.0 million of net after-tax unrealized gains on equity investments as a cumulative effect adjustment that increased retained earnings as of January 1, 2018 and decreased AOCI by the same amount. The Company reports changes in the fair value of equity investments in investment gains and (losses) in the Consolidated Statement of Operations. At December 31, 2017, equity investments were classified as available-for-sale on the Company's balance sheet. However, upon adoption, the updated guidance eliminated the available-for-sale balance sheet classification for equity investments. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments (Topic 230)”. ASU 2016-15 will reduce diversity in practice on how eight specific cash receipts and payments are classified on the statement of cash flows. The ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those years. Effective January 1, 2018, we adopted this new guidance, which did not have a material impact on our financial results or disclosures. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash.” The purpose of ASU 2016-18 is to eliminate the diversity in classifying and presenting changes in restricted cash in the statement of cash flows. The new guidance requires restricted cash to be combined with cash and cash equivalents when reconciling the beginning and ending balances of cash on the statement of cash flows, thereby no longer requiring transactions such as transfers between restricted and unrestricted cash to be treated as a cash flow activity. Further, the new guidance requires the nature of the restrictions to be disclosed, as well as a reconciliation between the balance sheet and the statement of cash flows on how restricted and unrestricted cash are segregated. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within that fiscal year, with early adoption permitted. Effective January 1, 2018, we retrospectively adopted this new guidance which did not have a material impact on our financial results or disclosures. In May 2014, the FASB issued ASU 2014-09, guidance which revises the criteria for revenue recognition. Under the guidance, the transaction price is attributed to underlying performance obligations in the contract and revenue is recognized as the entity satisfies the performance obligations and transfers control of a good or service to the customer. Incremental costs of obtaining a contract may be capitalized to the extent the entity expects to recover those costs. Revenue from insurance contracts is excluded from the scope of this new guidance. While insurance contracts are excluded from this guidance, policy fee income, billing and other fees and fee income related to business written as a cover-holder through a Lloyds Syndicate is subject to this updated guidance. Effective January 1, 2018, we adopted this new guidance which did not have a material impact on our financial results or disclosures. Recently Issued Accounting Pronouncements In March 2017, the FASB issued ASU 2017‑08, “Premium Amortization on Purchased Callable Securities (Subtopic 310‑20)”. ASU 2017‑08 is intended to enhance the accounting for amortization of premiums for purchased callable debt securities. The guidance amends the amortization period for certain purchased callable debt securities held at a premium. Securities that contain explicit, noncontingent call features that are callable at fixed prices and on preset dates should shorten the amortization period for the premium to the earliest call date (and if the call option is not exercised, the effective yield is reset using the payment terms of the debt security). The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and is to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings. We have evaluated the impact of adopting ASU 2017‑08 and have determined that it will be immaterial to our financial results and disclosures. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment (Topic 350)”. ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value (not to exceed the total goodwill allocated to that reporting unit). It eliminates Step 2 of the current two-step goodwill impairment test, under which a goodwill impairment loss is measured by comparing the implied fair value of a reporting unit’s goodwill. The ASU is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We are currently evaluating the impact that the adoption of ASU 2017-04 will have on our financial results and disclosures. In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326)”. ASU 2016-13 requires organizations to estimate credit losses on certain types of financial instruments, including receivables and available-for-sale debt securities, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. ASU 2016-13 requires a modified retrospective transition method and early adoption is permitted. We are currently evaluating the impact that the adoption of this standard will have on our financial results and disclosures, but do not anticipate that any potential impact would be material. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Additionally, ASU 2016-02 modifies current guidance for lessors' accounting. ASU 2016-02 is effective for interim and annual reporting periods beginning on or after January 1, 2019, with early adoption permitted. During 2018, the FASB issued several amendments and targeted improvements to ease with the application of the standard, including the addition of a transition approach that gives the Company the option of applying the standard at either the beginning of the earliest comparative period presented or the beginning of the period of adoption. We plan to adopt the standard on its effective date of January 1, 2019. We will also elect certain practical expedients that allow us not to reassess existing leases under the new guidance. Based on our analysis, the majority of the Company’s lease obligation pertain to office leases utilized in the operation of our businesses. We expect the primary impact of adoption to be the recognition of a right of use asset and a lease liability for operating leases representing approximately two percent of the Company’s total assets and total liabilities, respectively. We do not expect the standard to have a material effect on our reported consolidated results of operations, cash flows or required disclosures.

Investments

Investments	12 Months Ended
	Dec. 31, 2018
Investments [Abstract]
Investments	2. Investments : The amortized cost and estimated fair value of investments in debt and equity securities by category is as follows (in thousands): Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value As of December 31, 2018 U.S. Treasury securities and obligations of U.S. Government $ 48,609 $ 5 $ (508) $ 48,106 Corporate bonds 243,314 440 (1,602) 242,152 Collateralized corporate bank loans 131,779 19 (5,270) 126,528 Municipal bonds 112,574 3,791 (838) 115,527 Mortgage-backed 13,992 11 (446) 13,557 Total debt securities 550,268 4,266 (8,664) 545,870 Total equity securities 68,709 20,693 (8,506) 80,896 Total other investments 3,763 — (2,615) 1,148 Total investments $ 622,740 $ 24,959 $ (19,785) $ 627,914 As of December 31, 2017 U.S. Treasury securities and obligations of U.S. Government $ 50,088 $ 7 $ (148) $ 49,947 Corporate bonds 278,611 1,204 (742) 279,073 Collateralized corporate bank loans 125,536 702 (301) 125,937 Municipal bonds 134,052 709 (505) 134,256 Mortgage-backed 16,712 37 (216) 16,533 Total debt securities 604,999 2,659 (1,912) 605,746 Total equity securities 30,253 23,014 (1,504) 51,763 Total other investments 3,763 61 — 3,824 Total investments $ 639,015 $ 25,734 $ (3,416) $ 661,333 Major categories of net investment income are summarized as follows (in thousands): Twelve Months Ended December 31, 2018 2017 U.S. Treasury securities and obligations of U.S. Government $ 902 $ 566 Corporate bonds 6,696 7,839 Collateralized corporate bank loans 5,658 4,302 Municipal bonds 3,757 4,633 Mortgage-backed 521 1,049 Equity securities 1,151 871 Other investments — — Cash and cash equivalents 518 706 19,203 19,966 Investment expenses (971) (1,092) Investment income, net of expenses $ 18,232 $ 18,874 No investments in any entity or its affiliates exceeded 10% of stockholders’ equity at December 31, 2018 or 2017. Major categories of net investment gains (losses) on investments are summarized as follows (in thousands): Twelve Months Ended December 31, 2018 2017 U.S. Treasury securities and obligations of U.S. Government $ — $ — Corporate bonds (83) (468) Collateralized corporate bank loans 90 79 Municipal bonds 1,435 195 Mortgage-backed 2 (9) Equity securities 359 7,002 Gain on investments 1,803 6,799 Unrealized loss on other investments (2,676) (1,127) Other-than-temporary impairments — (5,877) Unrealized losses on equity investments (9,322) — Investment losses, net $ (10,195) $ (205) We realized gross gains on investments of $2.5 million and $8.0 million during the years ended December 31, 2018 and 2017, respectively, of which $1.5 million and $7.2 million were from the sales of securities during the years ended December 31, 2018 and 2017, respectively. We realized gross losses on investments of $0.7 million and $1.2 million during the years ended December 31, 2018 and 2017, respectively, of which none were from the sales of securities during the years ended December 31, 2018 and 2017, respectively. We recorded proceeds from the sale of investment securities of $17.7 million, and $29.1 million during the years ended December 31, 2018 and 2017, respectively. Realized investment gains and losses are recognized in operations on the first in-first out method. The following schedules summarize the gross unrealized losses showing the length of time that investments have been continuously in an unrealized loss position as of December 31, 2018 and December 31, 2017 (in thousands): As of December 31, 2018 12 months or less Longer than 12 months Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities and obligations of U.S. Government $ 18,902 $ (181) $ 28,201 $ (327) $ 47,103 $ (508) Corporate bonds 117,450 (907) 100,060 (695) 217,510 (1,602) Collateralized corporate bank loans 120,410 (4,938) 4,931 (332) 125,341 (5,270) Municipal bonds 14,281 (96) 25,891 (742) 40,172 (838) Mortgage-backed 6,592 (60) 5,986 (386) 12,578 (446) Total debt securities 277,635 (6,182) 165,069 (2,482) 442,704 (8,664) Total equity securities 30,981 (3,699) 4,475 (4,807) 35,456 (8,506) Total other investments 1,148 (2,615) — — 1,148 (2,615) Total investments $ 309,764 $ (12,496) $ 169,544 $ (7,289) $ 479,308 $ (19,785) As of December 31, 2017 12 months or less Longer than 12 months Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities and obligations of U.S. Government $ 28,825 $ (145) $ 1,997 $ (3) $ 30,822 $ (148) Corporate bonds 176,061 (736) 2,378 (6) 178,439 (742) Collateralized corporate bank loans 30,008 (280) 2,517 (21) 32,525 (301) Municipal bonds 35,200 (370) 8,917 (135) 44,117 (505) Mortgage-backed 6,419 (127) 1,415 (89) 7,834 (216) Total debt securities 276,513 (1,658) 17,224 (254) 293,737 (1,912) Total equity securities 8,375 (1,504) — — 8,375 (1,504) Total other investments — — — — — — Total investments $ 284,888 $ (3,162) $ 17,224 $ (254) $ 302,112 $ (3,416) We held a total of 328 debt securities with an unrealized loss, of which 221 were in an unrealized loss position for less than one year and 107 were in an unrealized loss position for a period of one year or greater, as of December 31, 2018. We held a total of 224 debt securities with an unrealized loss, of which 199 were in an unrealized loss position for less than one year and 25 were in an unrealized loss position for a period of one year or greater, as of December 31, 2017. We held a total of 20 equity securities with an unrealized loss, of which 17 were in an unrealized loss position for less than one year and 3 were in an unrealized loss position for a period of one year or greater, as of December 31, 2018. We held a total of 4 equity securities with an unrealized loss, of which all were in an unrealized loss position for less than one year as of December 31, 2017. We consider these losses as a temporary decline in value as they are predominately on securities that we do not intend to sell and do not believe we will be required to sell prior to recovery of our amortized cost basis. The gross unrealized losses on the debt security positions at December 31, 2018 were due predominately to normal market and interest rate fluctuations and we see no other indications that the decline in values of these securities is other-than-temporary. Based on evidence gathered through our normal credit evaluation process, we presently expect that all debt securities held in our investment portfolio will be paid in accordance with their contractual terms. Nonetheless, it is at least reasonably possible that the performance of certain issuers of these debt securities will be worse than currently expected resulting in future write-downs within our portfolio of debt securities. Also, as a result of the challenging market conditions, we expect the volatility in the valuation of our equity securities to continue in the foreseeable future. This volatility may lead to changes regarding retention strategies for certain equity securities. We complete a detailed analysis each quarter to assess whether any decline in the fair value of any debt security below cost is deemed other-than-temporary. All debt securities with an unrealized loss are reviewed. We recognize an impairment loss when a debt security’s value declines below cost, adjusted for accretion, amortization and previous other-than-temporary impairments and it is determined that the decline is other-than-temporary. Debt Investments: We assess whether we intend to sell, or it is more likely than not that we will be required to sell, a fixed maturity investment before recovery of its amortized cost basis less any current period credit losses. For fixed maturity investments that are considered other-than-temporarily impaired and that we do not intend to sell and will not be required to sell, we separate the amount of the impairment into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the investment’s amortized cost basis and the present value of its expected future cash flows. The remaining difference between the investment’s fair value and the present value of future expected cash flows is recognized in other comprehensive income. Equity Investments: On January 1, 2018, we adopted ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity investments that are not consolidated or accounted for under the equity method of accounting to be measured at fair value with changes in fair value recognized in net income each reporting period. As a result of the new standard, equity securities with readily determinable fair values are no longer required to be evaluated for other-than-temporary-impairment. Prior to the adoption of ASU 2016-01,some of the factors considered in evaluating whether a decline in fair value for an equity investment is other-than-temporary include: (1) our ability and intent to retain the investment for a period of time sufficient to allow for an anticipated recovery in value; (2) the recoverability of cost; (3) the length of time and extent to which the fair value has been less than cost; and (4) the financial condition and near-term and long-term prospects for the issuer, including the relevant industry conditions and trends, and implications of rating agency actions and offering prices. When it was determined that an equity investment was other-than-temporarily impaired, the security was written down to fair value, and the amount of the impairment was included in earnings as a realized investment loss. The fair value then became the new cost basis of the investment, and any subsequent recoveries in fair value were recognized at disposition. We recognized a realized loss when impairment was deemed to be other-than-temporary even if a decision to sell an equity investment had not been made. If we decided to sell a temporarily impaired available-for-sale equity investment and we did not expect the fair value of the equity investment to fully recover prior to the expected time of sale, the investment was deemed to be other-than-temporarily impaired in the period in which the decision to sell was made. Details regarding the carrying value of the other invested assets portfolio as of December 31, 2018 and 2017 were as follows: 2018 2017 Investment Type Equity warrant $ 1,148 $ 3,824 Total other investments $ 1,148 $ 3,824 We acquired this equity warrant in an active market and it entitles us to buy the underlying common stock of a publicly traded company at a fixed exercise price until the expiration date of January 19, 2021. The amortized cost and estimated fair value of debt securities at December 31, 2018 by contractual maturity are as follows. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. Amortized Cost Fair Value (in thousands) Due in one year or less $ 119,771 $ 120,127 Due after one year through five years 284,992 284,947 Due after five years through ten years 105,656 102,047 Due after ten years 25,857 25,192 Mortgage-backed 13,992 13,557 $ 550,268 $ 545,870 We have certain of our securities pledged for the benefit of various state insurance departments and reinsurers. These securities are included with our available-for-sale debt securities because we have the ability to trade these securities. We retain the interest earned on these securities. These securities had a carrying value of $29.5 million at December 31, 2018 and a carrying value of $26.2 million at December 31, 2017.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2018
Fair Value [Abstract]
Fair Value	3. Fair Value: ASC 820 defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements about fair value measurements. ASC 820, among other things, requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In addition, ASC 820 precludes the use of block discounts when measuring the fair value of instruments traded in an active market, which were previously applied to large holdings of publicly traded equity securities. We determine the fair value of our financial instruments based on the fair value hierarchy established in ASC 820. In accordance with ASC 820, we utilize the following fair value hierarchy: · Level 1: quoted prices in active markets for identical assets; · Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, inputs of identical assets for less active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument; and · Level 3: inputs to the valuation methodology that are unobservable for the asset or liability. This hierarchy requires the use of observable market data when available. Under ASC 820, we determine fair value based on the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy described above. Fair value measurements for assets and liabilities where there exists limited or no observable market data are calculated based upon our pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other factors as appropriate. These estimated fair values may not be realized upon actual sale or immediate settlement of the asset or liability. Where quoted prices are available on active exchanges for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include common and preferred stock and the equity warrant classified as Other Investments. Level 2 investment securities include corporate bonds, collateralized corporate bank loans, municipal bonds, U.S. Treasury securities, other obligations of the U.S. Government and mortgage-backed securities for which quoted prices are not available on active exchanges for identical instruments. We use third party pricing services to determine fair values for each Level 2 investment security in all asset classes. Since quoted prices in active markets for identical assets are not available, these prices are determined using observable market information such as quotes from less active markets and/or quoted prices of securities with similar characteristics, among other things. We have reviewed the processes used by the pricing services and have determined that they result in fair values consistent with the requirements of ASC 820 for Level 2 investment securities. We have not adjusted any prices received from third party pricing services. There were no transfers between Level 1 and Level 2 securities. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy. Level 3 investments are valued based on the best available data in order to approximate fair value. This data may be internally developed and consider risk premiums that a market participant would require. Investment securities classified within Level 3 include other less liquid investment securities. The following table presents for each of the fair value hierarchy levels, our assets that are measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017 (in thousands). As of December 31, 2018 Quoted Prices in Active Markets for Identical Assets Other Observable Unobservable (Level 1) Inputs (Level 2) Inputs (Level 3) Total U.S. Treasury securities and obligations of U.S. Government $ — $ 48,106 $ — $ 48,106 Corporate bonds — 241,861 291 242,152 Collateralized corporate bank loans — 126,528 — 126,528 Municipal bonds — 115,527 — 115,527 Mortgage-backed — 13,557 — 13,557 Total debt securities — 545,579 291 545,870 Total equity securities 80,896 — — 80,896 Total other investments 1,148 — — 1,148 Total investments $ 82,044 $ 545,579 $ 291 $ 627,914 As of December 31, 2017 Quoted Prices in Active Markets for Identical Assets Other Observable Unobservable (Level 1) Inputs (Level 2) Inputs (Level 3) Total U.S. Treasury securities and obligations of U.S. Government $ — $ 49,947 $ — $ 49,947 Corporate bonds — 278,760 313 279,073 Collateralized corporate bank loans — 125,937 — 125,937 Municipal bonds — 131,433 2,823 134,256 Mortgage-backed — 16,533 — 16,533 Total debt securities — 602,610 3,136 605,746 Total equity securities 51,142 — 621 51,763 Total other investments 3,824 — — 3,824 Total investments $ 54,966 $ 602,610 $ 3,757 $ 661,333 Due to significant unobservable inputs into the valuation model for one corporate bond as of December 31, 2018 and certain municipal bonds, one corporate bond and one equity security as of December 31, 2017, we classified these as level 3 in the fair value hierarchy. The corporate bond classified as level 3 in 2018 and 2017 is a convertible senior note and its fair value was estimated by the sum of the bond value using an income approach discounting the scheduled interest and principal payments and the conversion feature utilizing a binomial lattice model. We also estimated the fair value of the corporate bond utilizing an as-if converted basis into the underlying securities. In 2017, we used an income approach in order to derive an estimated fair value of the municipal bonds classified as Level 3, which included inputs such as expected holding period, benchmark swap rate, benchmark discount rate and a discount rate premium for illiquidity. The equity security classified as Level 3 in the fair value hierarchy in 2017 was an investment in a non-public entity. Given the size of this investment and since there was not an observable market for the security, we estimated its fair value as the fair value on the date we acquired the investment. Significant changes in the unobservable inputs in the fair value measurement of these securities could result in a significant change in the fair value measurement. The following table summarizes the changes in fair value for all financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2018 and 2017 (in thousands). 2018 2017 Beginning balance as of January 1 $ 3,757 $ 5,945 Sales — — Settlements (2,925) (579) Purchases — 775 Issuances — — Total realized/unrealized gains included in net income 80 616 Net gain included in other comprehensive income — — Transfers into Level 3 — — Transfers out of Level 3 (621) (3,000) Ending balance as of December 31 $ 291 $ 3,757 The transfer out of Level 3 into Level 1 during 2018 was due to the conversion of a private equity holding to a preferred stock traded on a public exchange. The transfer out of Level 3 into Level 2 during 2017 was due to the successful auction of one auction rate municipal bond that previously had not had a successful auction. We account for transfers as they occur.

Acquisitions, Goodwill and Inta

Acquisitions, Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2018
Acquisitions, Goodwill and Intangible Assets [Abstract]
Acquisitions, Goodwill and Intangible Assets	4. Acquisitions, Goodwill and Intangible Assets: Goodwill is tested for impairment at the reporting unit level (operating unit or one level below an operating unit) on an annual basis (October 1) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. For purposes of evaluating goodwill for impairment, we have determined that our reporting units are the same as our operating units except for the Specialty Commercial operating unit for which reporting units are at the component level (“one level below”). Our consolidated balance sheet as of December 31, 2018 includes goodwill of acquired businesses of $44.7 million that is assigned to our operating units as follows: Standard Commercial P&C operating unit - $2.1 million; Contract Binding operating unit - $19.9 million; Specialty Commercial operating unit- $17.4 million (comprised of $7.7 million for the primary/excess and umbrella component and $9.7 million for the general aviation and satellite component); and Specialty Personal Lines operating unit - $5.3 million. This amount has been recorded as a result of prior business acquisitions accounted for under the acquisition method of accounting. Under ASC 350, “Intangibles- Goodwill and Other,” goodwill is tested for impairment annually. We completed our last annual test for impairment on the first day of the fourth quarter of 2018 and determined that there was no impairment. The income approach to determining fair value computed the projections of the cash flows that the reporting unit was expected to generate converted into a present value equivalent through discounting. Significant assumptions in the income approach model included income projections, discount rates and terminal growth values. The income projections reflected an improved premium rate environment across most of our lines of business that continued throughout 2018. The income projections also included loss and LAE assumptions which reflected recent historical claim trends and the movement towards a more favorable pricing environment. The income projections also included assumptions for expense growth and investment yields which were based on business plans for each of our operating units. The discount rate was based on a risk free rate plus a beta adjusted equity risk premium and specific company risk premium. The assumptions were based on historical experience (including factors such as prior year loss reserve development), expectations of future performance (including premium growth rates, premium rate increases and loss costs), expected market conditions and other factors requiring judgment and estimates. While we believe the assumptions used in these models were reasonable, the inherent uncertainty in predicting future performance and market conditions may change over time and influence the outcome of future testing. During 2018 and 2017, we completed the first step prescribed by ASC 350 for testing for impairment and determined that there was no impairment. We have obtained various intangible assets from several acquisitions. The table below details the gross and net carrying amounts of these assets by major category (in thousands): December 31 2018 2017 Gross Carrying Amount: Customer/agent relationships $ 32,177 $ 32,177 Tradename 3,440 3,440 Management agreement 3,232 3,232 Non-compete & employment agreements 4,235 4,235 Insurance licenses 1,300 1,300 Total gross carrying amount 44,384 44,384 Accumulated Amortization: Customer/agent relationships (26,515) (24,276) Tradename (2,847) (2,618) Management agreement (3,232) (3,232) Non-compete & employment agreements (4,235) (4,235) Total accumulated amortization (36,829) (34,361) Total net carrying amount $ 7,555 $ 10,023 Insurance licenses are not amortized because they have an indefinite life. We amortize definite-lived intangible assets straight line over their respective lives. The estimated aggregate amortization expense for definite-lived intangible assets for the next five years is as follows (in thousands): 2019 $ 2,467 2020 $ 2,467 2021 $ 503 2022 $ 501 2023 $ 317 The weighted average amortization period for definite-lived intangible assets by major class is as follows: Years Tradename 15 Customer/ agent relationships 15 Management agreement 4 Non-compete agreements 5 The aggregate weighted average period to amortize these assets is approximately 13 years.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2018
Other Assets [Abstract]
Other Assets	5. Other Assets: The following table details our other assets as of December 31, 2018 and 2017 (in thousands): 2018 2017 Profit sharing commission receivable $ 246 $ 252 Credit Facility B issuance costs 106 122 Accrued investment income 4,175 4,859 Investment in unconsolidated trust subsidiaries 1,702 1,702 Fixed assets 6,154 6,726 Other assets 188 195 $ 12,571 $ 13,856

Reserves for Losses and Loss Ad

Reserves for Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2018
Reserves for Losses and Loss Adjustment Expenses
Reserves for Losses and Loss Adjustment Expenses	6. Reserves for Losses and Loss Adjustment Expenses: Activity in the consolidated reserves for unpaid losses and LAE is summarized as follows (in thousands): 2018 2017 Balance at January 1 $ 527,100 $ 481,567 Less reinsurance recoverable 154,612 123,237 Net balance at January 1 372,488 358,330 Incurred related to: Current year 250,075 248,203 Prior years 5,953 40,105 Total incurred 256,028 288,308 Paid related to: Current year 90,640 92,873 Prior years 232,345 181,277 Total paid 322,985 274,150 Net balance at December 31 305,531 372,488 Plus reinsurance recoverable 221,716 154,612 Balance at December 31 $ 527,247 $ 527,100 The $6.0 million unfavorable net development and $40.1 million unfavorable net development in prior accident years recognized in 2018 and 2017, respectively, represent changes in our loss reserve estimates. In 2018 and 2017, the aggregate loss reserve estimates for prior years were increased to reflect unfavorable loss development when the available information indicated a reasonable likelihood that the ultimate losses would be more than the previous estimates. The unfavorable prior year reserve development during the twelve months ended December 31, 2018 was primarily driven by the continued emergence of increased frequency and severity trends in our primary commercial auto lines of business within our Contract Binding operating unit, which was representative of industry trends, partially offset by net favorable development in our general liability lines within our Contract Binding and Standard Commercial P&C operating units. Generally, changes in reserves are caused by variations between actual experience and previous expectations and by reduced emphasis on the Bornhuetter-Ferguson method due to the aging of the accident years. The impact from the unfavorable (favorable) net prior years’ loss development on each reporting segment is presented below: December 31, 2018 2017 Specialty Commercial Segment $ 16,457 $ 40,477 Standard Commercial Segment (8,993) (970) Personal Segment (1,511) 598 Corporate — — Total unfavorable net prior year development $ 5,953 $ 40,105 The following describes the primary factors behind each segment’s prior accident year loss reserve development for the years ended December 31, 2018 and 2017: Year ended December 31, 2018 : · Specialty Commercial Segment. Our Contract Binding operating unit experienced net unfavorable development in the 2016 and prior accident years primarily in the commercial auto liability line of business, partially offset by favorable development primarily in the commercial auto and general liability lines of business in the 2017 accident year. Our Specialty Commercial operating unit experienced net unfavorable development in general aviation, commercial excess liability, satellite launch insurance products, primary/excess commercial property, professional liability and specialty risk programs lines of business. · Standard Commercial Segment. Our Standard Commercial P&C operating unit experienced net favorable development in the 2016 and prior accident years primarily in the general liability line of business, partially offset by net unfavorable development primarily in the commercial property line of business in the 2017 accident year and net unfavorable development in the 2017 and prior accident years in the occupational accident line of business. Our Workers Compensation operating unit experienced net favorable development in the 2016 and prior accident years. · Personal Segment. Net favorable development in our Specialty Personal Lines operating unit was mostly attributable to the 2013 through 2017 accident years, partially offset by unfavorable development in the 2012 and prior accident years. Year ended December 31, 2017 : · Specialty Commercial Segment. Our Contract Binding operating unit experienced net unfavorable development in the 2016 and prior accident years primarily driven by the continued emergence of increased frequency and severity trends in the commercial auto lines of business. Our Specialty Commercial operating unit experienced net unfavorable development in general aviation primarily in the 2016, 2013 and 2011 and prior accident years, commercial excess liability primarily in the 2013 accident year and specialty risk programs primarily in the 2015 and prior accident years, partially offset by net favorable development in the medical professional liability and primary/excess commercial property lines of business primarily in the 2016 accident years. · Standard Commercial Segment . Our Standard Commercial P&C operating unit experienced net favorable development primarily in the general liability line of business in the 2016 and prior accident years, partially offset by unfavorable development in the 2016 and prior accident years in the occupational accident line of business. · Personal Segment . Net unfavorable development in our Specialty Personal Lines operating unit was mostly attributable to the 2016, 2014, 2013 and 2010 and prior accident years, partially offset by favorable development in the 2015 and 2011 accident years. In the opinion of management, our reserves represent the best estimate of our ultimate liabilities, based on currently known facts, current law, current technology and assumptions considered reasonable where facts are not known. Due to the significant uncertainties and related management judgments, there can be no assurance that future favorable or unfavorable loss development, which may be material, will not occur. Short-Duration Contract Disclosures ASU 2015‑09, “Disclosures about Short-Duration Contracts (Topic 944)", requires insurers to make disclosures about their liability for unpaid claims and claim adjustment expenses for short-duration insurance contracts. These disclosures include tables showing incurred and paid claims development information (net of reinsurance and excluding unallocated loss adjustment expenses) which are disaggregated based on the characteristics of the insurance contracts that the insurer writes and other factors specific to the reporting entity. The information should be disclosed by accident year for the number of years claims typically remain outstanding, but need not be more than 10 years, including a reconciliation of the disaggregated information to the consolidated statement of financial position. We have evaluated the disaggregation criteria and concluded that the basis for our disaggregation of this information is by each of our three reportable segments. See Note 10, “Segment Information,” for additional information regarding our three reportable segments. Reserves for Incurred But Not Reported (“IBNR”) Claims Reserves for IBNR claims are based on the estimated ultimate cost of settling claims, including the effects of inflation and other social and economic factors, using past experience adjusted for current trends and any other factors that would modify past experience. We use a variety of statistical and actuarial techniques to analyze current claims costs, including frequency and severity data and prevailing economic, social and legal factors. Each such method has its own set of assumptions and outputs, and each has strengths and weaknesses in different areas. Since no single estimation method is superior to another method in all situations, the methods and assumptions used to project loss reserves will vary by coverage and product. We use what we believe to be the most appropriate set of actuarial methods and assumptions for each product line grouping and coverage. While the loss projection methods may vary by product line and coverage, the general approach for calculating IBNR remains the same: ultimate losses are forecasted first, and that amount is reduced by the amount of cumulative paid claims and case reserves. Reserves established in prior years are adjusted as loss experience develops and new information becomes available. Adjustments to previously estimated reserves are reflected in the results of operations in the year in which they are made. As described above, various actuarial methods are utilized to determine the reserves for losses and LAE recorded in our consolidated balance sheets. Weightings of methods at a detailed level may change from evaluation to evaluation based on a number of observations, measures, and time elements. Methodology for Determining Cumulative Number of Reported Claims A claim file is created when the Company is notified of an actual demand for payment, notified of an event that may lead to a demand for payment or when it is determined that a demand for payment could possibly lead to a future demand for payment on another coverage on the same policy or on another policy. The cumulative number of reported claims is predominately measured at a coverage level by occurrence, with the exception of our Specialty Commercial operating unit which is predominately measured at the claim level. Reported occurrences that do not result in a liability are included in reported claims. The Company does not generate claim counts for ceded business. Incurred & Paid Claims Development Disclosures The following tables provide information about incurred and cumulative paid losses and allocated loss adjustment expenses (“ALAE”), net of reinsurance for our three reportable segments, our Specialty Commercial Segment, our Standard Commercial Segment and our Personal Segment. The incurred and paid losses by accident year information presented for all segments in the below tables for calendar years prior to 2016 is required supplementary information and is unaudited. The following tables also include IBNR reserves plus expected development on reported claims and the cumulative number of reported claims as of December 31, 2018 ($ in thousands): Specialty Commercial Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 60,950 $ 62,679 $ 61,196 $ 59,471 $ 59,831 $ 59,635 $ 59,988 $ 61,361 $ 61,761 $ 62,509 $ — 5,389 2010 74,187 78,089 75,695 77,593 78,003 77,972 77,631 78,253 77,647 231 5,071 2011 88,679 87,558 91,059 90,713 89,737 87,793 87,833 89,815 98 5,852 2012 106,371 111,253 111,841 115,709 116,320 117,925 117,469 (172) 7,424 2013 140,546 135,114 137,230 143,983 150,177 151,471 336 9,294 2014 144,996 133,464 138,842 144,728 152,025 (800) 10,242 2015 147,304 146,610 162,616 171,315 854 11,057 2016 151,494 157,836 164,570 5,527 11,750 2017 170,622 162,193 17,247 11,806 2018 170,926 87,288 9,702 Total $ 1,319,942 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 21,259 $ 34,411 $ 45,757 $ 53,135 $ 56,791 $ 57,641 $ 59,149 $ 60,785 $ 61,202 $ 61,397 2010 24,818 45,234 58,139 68,625 73,398 74,513 75,787 76,906 77,075 2011 27,454 53,509 71,697 80,004 83,787 84,936 85,845 87,200 2012 37,655 60,923 82,066 97,680 109,060 113,909 116,607 2013 40,475 76,366 101,725 126,025 139,759 148,706 2014 42,097 73,631 99,521 123,649 146,290 2015 39,515 74,906 125,514 159,707 2016 41,397 84,616 143,685 2017 45,477 109,220 2018 42,359 Total $ 1,092,246 All outstanding liabilities before 2009, net of reinsurance 693 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 228,389 Standard Commercial Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 44,719 $ 45,674 $ 46,772 $ 46,778 $ 45,970 $ 44,159 $ 43,851 $ 43,107 $ 42,168 $ 41,513 $ 139 2,644 2010 45,263 45,235 44,847 43,164 43,459 42,426 42,175 42,880 42,427 146 2,920 2011 60,236 56,489 55,156 49,268 47,266 47,423 46,841 45,244 478 3,583 2012 51,998 52,554 48,222 45,990 44,272 42,986 41,421 736 3,228 2013 55,482 57,528 56,703 53,174 52,076 49,039 596 3,924 2014 55,488 55,808 53,568 53,882 54,125 1,990 3,571 2015 49,571 49,857 50,053 47,277 1,873 3,181 2016 46,880 48,182 46,348 1,900 2,822 2017 41,393 43,169 8,000 2,556 2018 42,898 16,384 2,165 Total $ 453,461 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 15,242 $ 28,313 $ 32,075 $ 35,818 $ 38,316 $ 40,389 $ 40,575 $ 40,629 $ 40,835 $ 40,991 2010 21,302 28,342 30,957 33,428 37,166 39,115 39,706 40,937 42,063 2011 24,899 35,119 38,909 40,301 41,140 42,441 43,680 43,794 2012 23,445 32,203 34,789 37,191 38,526 40,408 40,646 2013 23,123 36,411 41,809 44,575 46,756 47,853 2014 24,255 37,122 41,514 45,779 48,395 2015 19,085 34,245 38,302 43,287 2016 21,508 32,006 38,778 2017 16,755 28,984 2018 19,233 Total $ 394,024 All outstanding liabilities before 2009, net of reinsurance 2,499 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 61,936 Personal Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 40,436 $ 42,092 $ 46,244 $ 47,977 $ 48,930 $ 49,694 $ 49,772 $ 49,891 $ 49,971 $ 50,005 $ — 21,056 2010 63,862 78,294 80,765 84,724 83,903 84,252 84,591 84,808 84,867 — 30,180 2011 75,746 77,652 87,810 86,757 86,804 86,948 86,853 87,199 — 31,615 2012 58,604 73,795 70,552 71,513 72,042 72,037 72,076 — 23,939 2013 55,706 59,132 60,100 60,211 60,379 60,328 — 23,471 2014 5,452 5,340 6,243 6,699 6,504 — 19,293 2015 23,104 25,682 25,307 25,136 120 23,370 2016 32,260 32,893 32,728 129 23,745 2017 23,342 21,968 208 16,748 2018 18,334 2,613 14,248 Total $ 459,145 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 23,306 $ 37,621 $ 44,689 $ 47,967 $ 49,287 $ 49,539 $ 49,704 $ 49,853 $ 49,957 $ 49,992 2010 38,643 67,755 75,199 82,624 83,511 84,111 84,556 84,717 84,768 2011 46,416 67,939 83,497 85,533 86,217 86,593 86,660 86,989 2012 37,860 64,278 68,849 70,807 71,995 72,055 72,094 2013 45,901 54,514 58,047 59,775 60,277 60,297 2014 2,515 4,418 5,631 6,428 6,566 2015 11,570 22,281 24,262 25,243 2016 21,669 30,646 32,260 2017 15,776 21,061 2018 11,137 Total $ 450,406 All outstanding liabilities before 2009, net of reinsurance 5 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 8,743 The reconciliation of the net incurred and paid development tables to the liability for unpaid losses and LAE in our consolidated balance sheets is as follows (in thousands): 2018 2017 Net outstanding liabilities for losses and LAE Specialty Commercial Segment $ 228,389 $ 275,436 Standard Commercial Segment 61,936 78,119 Personal Segment 8,743 11,505 Liabilities for unpaid losses and allocated loss adjustment expenses, net of reinsurance 299,068 365,060 Reinsurance recoverable on unpaid losses and LAE Specialty Commercial Segment 198,802 137,975 Standard Commercial Segment 9,783 6,051 Personal Segment 13,131 10,586 Total reinsurance recoverable on unpaid losses and LAE 221,716 154,612 Unallocated loss adjustment expenses Specialty Commercial Segment 2,550 3,377 Standard Commercial Segment 2,958 3,153 Personal Segment 955 898 Total unallocated loss adjustment expenses 6,463 7,428 Total reserves for unpaid losses and loss adjustment expenses $ 527,247 $ 527,100 Claims Duration The following table provides supplementary unaudited information about the annual percentage payout of incurred losses and ALAE, net of reinsurance, as of December 31, 2018: Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (1) Unaudited Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Specialty Commercial Segment 27.1 % 24.0 % 20.5 % 13.6 % 7.9 % 2.7 % 1.7 % 1.8 % 0.4 % 0.3 % Standard Commercial Segment 45.3 % 25.2 % 9.2 % 6.9 % 4.8 % 3.7 % 1.3 % 1.0 % 1.4 % 1.2 % Personal Segment 53.7 % 28.0 % 10.2 % 5.4 % 1.5 % 0.3 % 0.3 % 0.3 % 0.1 % 0.2 % (1) The average annual percentage payout is calculated from a paid losses and ALAE development pattern based on an actuarial analysis of the paid losses and ALAE movements by accident year for each disaggregation category. The paid losses and ALAE development pattern provides the expected percentage of ultimate losses and ALAE to be paid in each year. The pattern considers all accident years included in the claims development tables.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2018
Reinsurance [Abstract]
Reinsurance	7. Reinsurance: We reinsure a portion of the risk we underwrite in order to control the exposure to losses and to protect capital resources. We cede to reinsurers a portion of these risks and pay premiums based upon the risk and exposure of the policies subject to such reinsurance. Ceded reinsurance involves credit risk and is generally subject to aggregate loss limits. Although the reinsurer is liable to us to the extent of the reinsurance ceded, we are ultimately liable as the direct insurer on all risks reinsured. Reinsurance recoverables are reported after allowances for uncollectible amounts. We monitor the financial condition of reinsurers on an ongoing basis and review our reinsurance arrangements periodically. Reinsurers are selected based on their financial condition, business practices and the price of their product offerings. In order to mitigate credit risk to reinsurance companies, most of our reinsurance recoverable balance as of December 31, 2018 was with reinsurers that had an A.M. Best rating of “A–” or better. We also mitigate our credit risk for the remaining reinsurance recoverable by obtaining letters of credit. The following table presents our gross and net premiums written and earned and reinsurance recoveries for the last two years (in thousands): 2018 2017 Premium Written : Direct $ 660,298 $ 601,780 Assumed 2,717 2,376 Ceded (299,217) (238,573) $ 363,798 $ 365,583 Premium Earned: Direct $ 639,437 $ 567,089 Assumed 2,159 1,680 Ceded (278,509) (207,732) $ 363,087 $ 361,037 Reinsurance recoveries $ 199,690 $ 144,948 Included in reinsurance recoverable on the consolidated balance sheets are paid loss recoverables of $29.7 million and $28.2 million as of December 31, 2018 and 2017, respectively.

Revolving Credit Facility and N

Revolving Credit Facility and Notes Payable	12 Months Ended
	Dec. 31, 2018
Revolving Credit Facility and Notes Payable [Abstract]
Revolving Credit Facility and Notes Payable	8. Revolving Credit Facility and Notes Payable: Our Second Restated Credit Agreement with Frost Bank (“Frost”) dated June 30, 2015, as amended to date, provides a $15.0 million revolving credit facility (“Facility A”), with a $5.0 million letter of credit sub-facility. The outstanding balance of the Facility A bears interest at a rate equal to the prime rate or LIBOR plus 2.5%, at our election. We pay an annual fee of 0.25% of the average daily unused balance of Facility A and letter of credit fees at the rate of 1.00% per annum. All principal and accrued interest on Facility A becomes due and payable on June 30, 2020. As of December 31, 2018, we had no outstanding borrowings under Facility A. The Second Restated Credit Agreement with Frost also provides a $30.0 million revolving credit facility (“Facility B”), in addition to Facility A. We may use Facility B loan proceeds solely for the purpose of making capital contributions to AHIC and HIC. We may borrow, repay and reborrow under Facility B until December 17, 2019, at which time all amounts outstanding under Facility B are converted to a term loan. Through December 17, 2019, we pay Frost a quarterly fee of 0.25% per annum of the average daily unused balance of Facility B. Facility B bears interest at a rate equal to the prime rate or LIBOR plus 3.00%, at our election. Until December 17, 2019, interest only on amounts from time to time outstanding under Facility B are payable quarterly. Any amounts outstanding on Facility B as of December 17, 2019 are converted to a term loan payable in quarterly installments over five years based on a seven year amortization of principal plus accrued interest. All remaining principal and accrued interest on Facility B become due and payable on December 17, 2024. As of December 31, 2018, we had $30.0 million outstanding under Facility B. The obligations under both Facility A and Facility B are secured by a security interest in the capital stock of AHIC and HIC. Both Facility A and Facility B contain covenants that, among other things, require us to maintain certain financial and operating ratios and restrict certain distributions, transactions and organizational changes. We are in compliance with all of these covenants.

Subordinated Debt Securities

Subordinated Debt Securities	12 Months Ended
	Dec. 31, 2018
Subordinated Debt Securities [Abstract]
Subordinated Debt Securities	9. Subordinated Debt Securities: On June 21, 2005, we entered into a trust preferred securities transaction pursuant to which we issued $30.9 million aggregate principal amount of subordinated debt securities due in 2035. To effect the transaction, we formed Hallmark Statutory Trust I (“Trust I”) as a Delaware statutory trust. Trust I issued $30.0 million of preferred securities to investors and $0.9 million of common securities to us. Trust I used the proceeds from these issuances to purchase the subordinated debt securities. The initial interest rate on our Trust I subordinated debt securities was 7.725% until June 15, 2015, after which interest adjusts quarterly to the three-month LIBOR rate plus 3.25 percentage points. Trust I pays dividends on its preferred securities at the same rate. Under the terms of our Trust I subordinated debt securities, we pay interest only each quarter and the principal of the note at maturity. The subordinated debt securities are uncollaterized and do not require maintenance of minimum financial covenants. As of December 31, 2018, the principal balance of our Trust I subordinated debt was $30.9 million and the interest rate was 6.04% per annum. On August 23, 2007, we entered into a trust preferred securities transaction pursuant to which we issued $25.8 million aggregate principal amount of subordinated debt securities due in 2037. To effect the transaction, we formed Hallmark Statutory Trust II (“Trust II”) as a Delaware statutory trust. Trust II issued $25.0 million of preferred securities to investors and $0.8 million of common securities to us. Trust II used the proceeds from these issuances to purchase the subordinated debt securities. Our Trust II subordinated debt securities bore an initial interest rate of 8.28% until September 15, 2017, after which interest adjusts quarterly to the three-month LIBOR rate plus 2.90 percentage points. Trust II pays dividends on its preferred securities at the same rate. Under the terms of our Trust II subordinated debt securities, we pay interest only each quarter and the principal of the note at maturity. The subordinated debt securities are uncollateralized and do not require maintenance of minimum financial covenants. As of December 31, 2018, the principal balance of our Trust II subordinated debt was $25.8 million and the interest rate was 5.69% per annum.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2018
Segment Information [Abstract]
Segment Information	10. Segment Information: We pursue our business activities primarily through subsidiaries whose operations are organized into producing units and are supported by our insurance carrier subsidiaries. Our non-carrier insurance activities are organized by operating units into the following reportable segments: · Specialty Commercial Segment. Our Specialty Commercial Segment includes the excess and surplus lines commercial property/casualty insurance products and services handled by our Contract Binding operating unit and the general aviation, satellite launch, commercial umbrella and primary/excess liability, medical and financial professional liability and primary/excess commercial property insurance products and services handled by our Specialty Commercial operating unit. Certain specialty programs are also managed by our Specialty Commercial operating unit. Our Contract Binding operating unit is comprised of our HSU, PAAC and TGASRI subsidiaries. Our Specialty Commercial operating unit is comprised of our Aerospace Insurance Managers, ASRI, ACMG, HXS and HDS subsidiaries. · Standard Commercial Segment. The Standard Commercial Segment includes the standard lines commercial property/casualty and occupational accident insurance products and services handled by our Standard Commercial P&C operating unit and the workers compensation insurance products handled by our Workers Compensation operating unit. Effective June 1, 2016, we ceased marketing new or renewal occupational accident policies. Effective July 1, 2015, the Workers Compensation operating unit ceased retaining any risk on new or renewal policies. Our Standard Commercial P&C operating unit is comprised of our American Hallmark Insurance Services and ECM subsidiaries. Our Workers Compensation operating unit is comprised of our TBIC Holdings, TBIC and TBICRM subsidiaries. · Personal Segment. Our Personal Segment includes the non-standard personal automobile and renters insurance products and services handled by our Specialty Personal Lines operating unit. Our Specialty Personal Lines operating unit is comprised of AHGA and HCS. The retained premium produced by these reportable segments is supported by our AHIC, HSIC, HIC, HNIC and TBIC insurance company subsidiaries. In addition, control and management of HCM is maintained through our wholly owned subsidiary, CYR Insurance Management Company (“CYR”). CYR has as its primary asset a management agreement with HCM which provides for CYR to have management and control of HCM. HCM is used to front certain lines of business in our Specialty Commercial and Personal Segments in Texas. HCM does not retain any business. AHIC, HIC, HSIC and HNIC have entered into a pooling arrangement, pursuant to which AHIC retains 34% of the net premiums written by any of them, HIC retains 32% of the net premiums written by any of them, HSIC retains 24% of the net premiums written by any of them and HNIC retains 10% of the net premiums written by any of them. Neither HCM nor TBIC is a party to the intercompany pooling arrangement. The following is additional business segment information for the twelve months ended December 31, 2018 and 2017 (in thousands): 2018 2017 Revenues Specialty Commercial Segment $ 280,283 $ 277,946 Standard Commercial Segment 76,548 70,302 Personal Segment 38,623 40,462 Corporate (16,186) (3,189) Consolidated $ 379,268 $ 385,521 Depreciation and Amortization Expense Specialty Commercial Segment $ 2,986 $ 2,796 Standard Commercial Segment 390 294 Personal Segment 1,312 1,258 Corporate 453 367 Consolidated $ 5,141 $ 4,715 Interest Expense Specialty Commercial Segment $ — $ — Standard Commercial Segment — — Personal Segment — — Corporate 4,545 4,512 Consolidated $ 4,545 $ 4,512 Tax Expense (Benefit) Specialty Commercial Segment $ 5,521 $ (4,382) Standard Commercial Segment 2,511 3,849 Personal Segment 587 (676) Corporate (6,163) (3,810) Consolidated $ 2,456 $ (5,019) Pre-tax income (loss) Specialty Commercial Segment $ 28,780 $ 2,012 Standard Commercial Segment 13,090 2,440 Personal Segment 3,061 (3,058) Corporate (32,128) (17,966) Consolidated $ 12,803 $ (16,572) The following is additional business segment information as of the following dates (in thousands): December 31 2018 2017 Assets: Specialty Commercial Segment $ 858,262 $ 810,133 Standard Commercial Segment 158,881 162,152 Personal Segment 226,431 232,441 Corporate 21,320 26,400 Consolidated $ 1,264,894 $ 1,231,126

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	11. Earnings Per Share: We have adopted the provisions of ASC 260, “Earnings Per Share,” requiring presentation of both basic and diluted earnings per share. A reconciliation of the numerators and denominators of the basic and diluted per share calculations is presented below (in thousands, except per share amounts): 2018 2017 Numerator for both basic and diluted earnings per share: Net income (loss) $ 10,347 $ (11,553) Denominator, basic shares 18,086 18,343 Effect of dilutive securities: Stock-based compensation awards 115 — Denominator, diluted shares 18,201 18,343 Basic earnings per share: $ 0.57 $ (0.63) Diluted earnings per share: $ 0.57 $ (0.63) We had 32,164 and 406,731 shares of common stock potentially issuable upon exercise of employee stock options for years ended December 31, 2018 and 2017, respectively, that were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive. These instruments expire at varying times from 2019 to 2021.

Regulatory Capital Restrictions

Regulatory Capital Restrictions	12 Months Ended
	Dec. 31, 2018
Regulatory Capital Restrictions [Abstract]
Regulatory Capital Restrictions	12. Regulatory Capital Restrictions: Hallmark, as a holding company, is dependent on dividend payments and management fees from its subsidiaries to fund its operating expenses, debt obligations and capital needs, including the ability to pay dividends to its stockholders. Hallmark has never paid dividends on its common stock. Hallmark intends to continue this policy for the foreseeable future in order to retain earnings for development of its business. There are no regulatory or contractual restrictions on the ability of Hallmark to pay dividends other than customary default provisions and the impact of any dividend payment on financial ratio covenants in certain credit agreements. However, there are restrictions on the ability of Hallmark’s insurance carrier subsidiaries to transfer funds to the holding company. The amount of retained earnings that is unrestricted for the payment of dividends by Hallmark to its shareholders was $59.7 million as of December 31, 2018. AHIC and TBIC, domiciled in Texas, are limited in the payment of dividends to their stockholders in any 12‑month period, without the prior written consent of the Texas Department of Insurance, to the greater of statutory net income for the prior calendar year or 10% of statutory policyholders’ surplus as of the prior year end. HIC and HNIC, both domiciled in Arizona, are limited in the payment of dividends to the lesser of 10% of prior year policyholders’ surplus or prior year’s net income, without prior written approval from the Arizona Department of Insurance. HSIC, domiciled in Oklahoma, is limited in the payment of dividends to the greater of 10% of prior year policyholders’ surplus or prior year’s statutory net income, not including realized capital gains, without prior written approval from the Oklahoma Insurance Department. For all our insurance companies, dividends may only be paid from unassigned surplus funds. During 2019, the aggregate ordinary dividend capacity of these subsidiaries is $33.9 million, of which $22.9 million is available to Hallmark. As a county mutual, dividends from HCM are payable to policyholders. During the years ended December 31, 2018 and 2017 our insurance company subsidiaries paid $5.5 million and $11.4 million, respectively, in dividends to Hallmark. The total restricted net assets of our insurance company subsidiaries as of December 31, 2018, was $195.9 million. The state insurance departments also regulate financial transactions between our insurance subsidiaries and their affiliated companies. Applicable regulations require approval of management fees, expense sharing contracts and similar transactions. Our insurance subsidiaries did not pay management fees to Hallmark and our non-insurance company subsidiaries during 2018 and 2017. Statutory capital and surplus is calculated as statutory assets less statutory liabilities. The various state insurance departments that regulate our insurance company subsidiaries require us to maintain a minimum statutory capital and surplus. As of December 31, 2018 and 2017, our insurance company subsidiaries reported statutory capital and surplus of $247.0 million and $233.3 million, respectively, substantially greater than the minimum requirements for each state. For the years ended December 31, 2018, and 2017, respectively, our insurance company subsidiaries reported statutory net income of $35.9 million and $1.9 million, respectively. The National Association of Insurance Commissioners requires property/casualty insurers to file a risk-based capital calculation according to a specified formula. The purpose of the formula is twofold: (1) to assess the adequacy of an insurer’s statutory capital and surplus based upon a variety of factors such as potential risks related to investment portfolio, ceded reinsurance and product mix; and (2) to assist state regulators under the RBC for Insurers Model Act by providing thresholds at which a state commissioner is authorized and expected to take regulatory action. As of December 31, 2018, the adjusted capital under the risk-based capital calculation of each of our insurance company subsidiaries substantially exceeded the minimum requirements.

Share-based Payment Arrangement

Share-based Payment Arrangements	12 Months Ended
	Dec. 31, 2018
Share-based Payment Arrangements [Abstract]
Share-based Payment Arrangements	13. Share-based Payment Arrangements: Our 2005 Long Term Incentive Plan (“2005 LTIP”) is a stock compensation plan for key employees and non-employee directors that was initially approved by the shareholders on May 26, 2005 and expired by its terms on May 27, 2015. As of December 31, 2018, there were no outstanding incentive stock options and outstanding non-qualified stock options to purchase 244,157 shares of our common stock. The exercise price of all such outstanding stock options is equal to the fair market value of our common stock on the date of grant. Our 2015 Long Term Incentive Plan (“2015 LTIP”) was approved by shareholders on May 29, 2015. There are 2,000,000 shares authorized for issuance under the 2015 LTIP. As of December 31, 2018, restricted stock units representing the right to receive up to 508,345 shares of our common stock were outstanding under the 2015 LTIP. There were no stock option awards granted under the 2015 LTIP as of December 31, 2018. Stock Options: Incentive stock options granted under the 2005 LTIP prior to 2009 vested 10%, 20%, 30% and 40% on the first, second, third and fourth anniversary dates of the grant, respectively, and terminated five to ten years from the date of grant. Incentive stock options granted in 2009 vest in equal annual increments on each of the first seven anniversary dates and terminate ten years from the date of grant. Non-qualified stock options granted under the 2005 LTIP generally vest 100% six months after the date of grant and terminate ten years from the date of grant. One grant of 200,000 non-qualified stock options in 2009 vests in equal annual increments on each of the first seven anniversary dates and terminates ten years from the date of grant. A summary of the status of our stock options as of December 31, 2018 and changes during the year then ended is presented below: Average Remaining Aggregate Number of Weighted Average Contractual Intrinsic Value Shares Exercise Price Term (Years) ($000) Outstanding at January 1, 2018 406,731 $ 7.85 Granted — — Exercised (36,500) $ 6.61 Forfeited or expired (126,074) $ 10.57 Outstanding at December 31, 2018 244,157 $ 6.63 0.4 $ 991 Exercisable at December 31, 2018 244,157 $ 6.63 0.4 $ 991 The following table details the intrinsic value of options exercised, total cost of share-based payments charged against income before income tax benefit and the amount of related income tax benefit recognized in income for the periods indicated (in thousands): 2018 2017 Intrinsic value of options exercised $ 122 $ 163 Cost of share-based payments (non-cash) $ — $ — Income tax benefit of share-based payments recognized in income $ — $ — As of December 31, 2018, there was no unrecognized compensation cost related to non-vested stock options granted under our plans which is expected to be recognized in the future. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes option pricing model. Expected volatilities are based on the historical volatility of Hallmark’s and similar companies’ common stock for a period equal to the expected term. The risk-free interest rates for periods within the contractual term of the options are based on rates for U.S. Treasury Notes with maturity dates corresponding to the options expected lives on the dates of grant. Expected term is determined based on the simplified method as we do not have sufficient historical exercise data to provide a basis for estimating the expected term. There were no stock options granted during 2018 or 2017. Restricted Stock Units: Restricted stock units awarded under the 2015 LTIP represent the right to receive shares of common stock upon the satisfaction of vesting requirements, performance criteria and other terms and conditions. Restricted stock units vest and, if performance criteria have been satisfied, shares of common stock become issuable on March 31 of the third calendar year following the year of grant. The performance criteria for all restricted stock units require that we achieve certain compound average annual growth rates in book value per share as well as certain average combined ratio percentages over the vesting period in order to receive shares of common stock in amounts ranging from 50% to 150% of the number of restricted stock units granted. Grantees of restricted stock units do not have any rights of a stockholder, and do not participate in any distributions to our common stockholders, until the award fully vests upon satisfaction of the vesting schedule, performance criteria and other conditions set forth in their award agreement. Therefore, unvested restricted stock units are not considered participating securities under ASC 260, “Earnings Per Share”. Compensation cost is measured as an amount equal to the fair value of the restricted stock units on the date of grant and is expensed over the vesting period if achievement of the performance criteria is deemed probable, with the amount of the expense recognized based on our best estimate of the ultimate achievement level. The grant date fair value of restricted stock units granted in 2015, 2016, 2017 and 2018 was $11.10, $11.41, $10.20 and $10.87 per unit, respectively. We incurred compensation expense of $152 thousand and $149 thousand related to restricted stock units during the years ended December 31, 2018 and 2017. We recorded income tax benefit of $32 thousand and $52 thousand related to restricted stock units during the years ended December 31, 2018 and 2017. The following table details the status of our restricted stock units as of and for the years ended December 31, 2018 and 2017: Number of Restricted Stock Units 2018 2017 Nonvested at January 1 385,779 296,574 Granted 144,059 138,712 Vested (8,198) (5,998) Forfeited (182,743) (43,509) Nonvested at December 31 338,897 385,779 As of December 31, 2018, there was $2.0 million of unrecognized grant date compensation cost related to unvested restricted stock units. Based on the current performance estimate, we expect to recognize $1.6 million of compensation cost related to unvested restricted stock units, of which $0.7 million is expected to be recognized in 2019, $0.7 million is expected to be recognized in 2020 and $0.2 million is expected to be recognized in 2021.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2018
Retirement Plans [Abstract]
Retirement Plans	14. Retirement Plans: Certain employees of the Standard Commercial Segment were participants in a defined cash balance plan covering all full-time employees who had completed at least 1,000 hours of service. This plan was frozen in March 2001 in anticipation of distribution of plan assets to members upon plan termination. All participants were vested when the plan was frozen. The following tables provide detail of the changes in benefit obligations, components of benefit costs, weighted-average assumptions, and plan assets for the retirement plan as of and for the twelve months ending December 31, 2018 and 2017 (in thousands) using a measurement date of December 31. 2018 2017 Assumptions (end of period): Discount rate used in determining benefit obligation 4.05 % 3.45 % Rate of compensation increase N/A N/A Reconciliation of funded status (end of period): Accumulated benefit obligation $ (11,687) $ (12,758) Projected benefit obligation $ (11,687) $ (12,758) Fair value of plan assets 9,669 11,153 Funded status $ (2,018) $ (1,605) Net actuarial loss (4,130) (3,554) Accumulated other comprehensive loss (4,130) (3,554) Prepaid pension cost 2,112 1,949 Net amount recognized as of December 31 $ (2,018) $ (1,605) Changes in projected benefit obligation: Benefit obligation as of beginning of period $ 12,758 $ 12,618 Interest cost 424 471 Actuarial liability (gain)/loss (628) 554 Benefits paid (867) (885) Benefit obligation as of end of period $ 11,687 $ 12,758 Change in plan assets: Fair value of plan assets as of beginning of period $ 11,153 $ 10,415 Actual return on plan assets (net of expenses) (617) 1,623 Employer contributions — — Benefits paid (867) (885) Fair value of plan assets as of end of period $ 9,669 $ 11,153 Net periodic pension cost: Service cost - benefits earned during the period $ — $ — Interest cost on projected benefit obligation 424 471 Expected return on plan assets (694) (646) Recognized actuarial loss 106 126 Net periodic pension cost $ (164) $ (49) Discount rate 3.45 % 3.88 % Expected return on plan assets 6.50 % 6.50 % Rate of compensation increase N/A N/A Estimated future benefit payments by fiscal year (in thousands): 2019 $ 881 2020 $ 870 2021 $ 875 2022 $ 861 2023 $ 843 2024-2028 $ 3,941 As of December 31, 2018, the fair value of the plan assets was composed of cash and cash equivalents of $0.3 million, debt securities of $3.5 million and equity securities of $5.9 million. Our investment objectives are to preserve capital and to achieve long-term growth through a favorable rate of return equal to or greater than 5% over the long-term (60 year) average inflation rate as measured by the consumer price index. The objective of the equity portion of the portfolio is to achieve a return in excess of the Standard & Poor’s 500 index. The objective of the fixed income portion of the portfolio is to add stability, consistency, safety and total return to the total fund portfolio. We prohibit investments in options, futures, precious metals, short sales and purchase on margin. We also restrict the investment in fixed income securities to “A” rated or better by Moody’s or Standard & Poor’s rating services and restrict investments in common stocks to only those that are listed and actively traded on one or more of the major United States stock exchanges, including NASDAQ. We manage to an asset allocation of 45% to 75% in equity securities. An investment in any single stock issue is restricted to 5% of the total portfolio value and 90% of the securities held in mutual or commingled funds must meet the criteria for common stocks. To develop the expected long-term rate of return on assets assumption, we consider the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension portfolio. This resulted in the selection of the 6.5% long-term rate of return on assets assumption. The expected return on plan assets uses the fair market value as of December 31, 2018. To develop the discount rate used in determining the benefit obligation we used the Findley AA Pension Discount Curve at the measurement date to match the timing and amounts of projected future benefits. A corridor approach is used to amortize actuarial gains and losses. We are applying the 10% threshold set forth in ASC 715. In addition, since all accrued benefits under the plan are frozen, we are amortizing the unrecognized gains and losses outside of the corridor by the average life expectancy of the plan participants. We expect that we will not be required to make a contribution to the defined benefit cash balance plan during 2019. We expect our 2019 net periodic pension cost to be zero, the components of which are interest cost of $454 thousand, expected return on plan assets of ($597) thousand and amortization of actuarial loss of $143 thousand. The following table shows the weighted-average asset allocation for the defined benefit cash balance plan held as of December 31, 2018 and 2017. December 31 2018 2017 Asset Category: Debt securities 36 % 32 % Equity securities 61 % 64 % Other 3 % 4 % Total 100 % 100 % We determine the fair value of our financial instruments based on the fair value hierarchy established in ASC 820. (See Note 3.) The following table presents, for each of the fair value hierarchy levels, our plan assets that are measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017 (in thousands). As of December 31, 2018 Quoted Prices in Active Other Observable Markets for Identical Inputs Unobservable Inputs Assets (Level 1) (Level 2) (Level 3) Total Debt securities $ — $ 3,468 $ — $ 3,468 Equity securities 5,913 — — 5,913 Total $ 5,913 $ 3,468 $ — $ 9,381 As of December 31, 2017 Quoted Prices in Active Markets for Identical Other Observable Unobservable Inputs Assets (Level 1) Inputs (Level 2) (Level 3) Total Debt securities $ — $ 3,586 $ — $ 3,586 Equity securities 7,156 — — 7,156 Total $ 7,156 $ 3,586 $ — $ 10,742 Our plan assets also include cash and cash equivalents of $0.3 million and $0.4 million at December 31, 2018 and 2017, respectively, that are carried at cost which approximates fair value. We sponsor a defined contribution plan. Under this plan, employees may contribute a portion of their compensation on a tax-deferred basis, and we may contribute a discretionary amount each year. We contributed $0.2 million for each of the years ended December 31, 2018 and 2017.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Taxes [Abstract]
Income Taxes	15. Income Taxes: The composition of deferred tax assets and liabilities and the related tax effects as of December 31, 2018 and 2017, are as follows (in thousands): 2018 2017 Deferred tax liabilities: Deferred policy acquisition costs $ (3,001) $ (3,361) Net unrealized holding gain on investments (1,087) (4,688) Agency relationship (22) (28) Intangible assets (2,179) (2,476) Goodwill (357) (357) Bond amortization (72) (111) Fixed assets (992) (860) Other (279) (303) Total deferred tax liabilities (7,989) (12,184) Deferred tax assets: Unearned premiums 6,931 6,901 Amortization of non-compete agreements 71 107 Pension liability 867 746 Net operating loss carry-forward 93 200 Unpaid loss and loss adjustment expense 2,505 3,422 Rent reserve 54 158 Bonus accrual 632 302 Investment impairments 1,446 1,956 Other 373 329 Total deferred tax assets 12,972 14,121 Deferred federal income taxes, net $ 4,983 $ 1,937 We concluded that no valuation allowance was necessary to provide against our deferred tax assets as of December 31, 2018. A reconciliation of the income tax provisions based on the applicable statutory tax rates of 21% and 35% to the provisions reflected in the consolidated financial statements for the years ended December 31, 2018 and 2017, respectively, is as follows (in thousands): 2018 2017 Computed expected income tax expense (benefit) at statutory tax rate $ 2,689 $ (5,800) Meals and entertainment 75 81 Tax exempt interest (435) (987) Dividends received deduction (94) (196) State taxes (net of federal benefit) 266 165 Tax law change — 1,276 True up bond amortization — 464 Other (45) (22) Income tax expense (benefit) $ 2,456 $ (5,019) Current income tax expense (benefit) $ 4,300 $ (3,444) Deferred tax benefit (1,844) (1,575) Income tax expense (benefit) $ 2,456 $ (5,019) We have available, for federal income tax purposes, unused net operating loss of $0.4 million at December 31, 2018. The losses were acquired as part of the HIC and HCM acquisitions and may be used to offset future taxable income. Utilization of the losses is limited under Internal Revenue Code Section 382. The Internal Revenue Code provides that effective with tax years beginning September 1997, the carry-back and carry-forward periods are 2 years and 20 years, respectively, with respect to newly generated operating losses. The net operating losses will expire if unused, as follows (in thousands): Year 2022 $ — 2028 2 2029 25 2031 45 2032 77 2033 73 2034 59 2035 33 2036 50 2037 29 2038 49 $ 442 We are no longer subject to U.S. federal, state, local or non-U.S. income tax examinations by tax authorities for years prior to 2015. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. There were no uncertain tax positions at December 31, 2018.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2018
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	16. Supplemental Cash Flow Information The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet to the total of the same such amounts shown in the statement of cash flows: As of December 31, 2018 2017 Cash and cash equivalents $ 35,594 $ 64,982 Restricted cash 4,877 2,651 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 40,471 $ 67,633 Restricted cash represents amounts required to be set aside by a contractual agreement with a third-party insurer and amounts pledged for the benefit of various state insurance departments. The following table provides supplemental cash flow information for the years ended December 31, 2018 and 2017: December 31, 2018 2017 Interest paid $ 4,842 $ 4,506 Income taxes (recovered) paid $ (3,236) $ 137 Supplemental schedule of non-cash investing activities: Receivable for securities related to investment disposals $ 3,369 $ 5,235 Payable for securities related to investment purchases $ 698 $ 7,488

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies: We have several leases, primarily for office facilities and computer equipment, which expire in various years through 2032. Certain of these leases contain renewal options. Rental expense amounted to $3.1 million and $2.8 million for the years ended December 31, 2018 and 2017. Future minimum lease payments under non-cancelable operating leases as of December 31, 2018 are as follows (in thousands): Year 2019 $ 2,269 2020 2,491 2021 2,172 2022 2,171 2023 1,885 2024 and thereafter 15,266 Total minimum lease payments $ 26,254 From time to time, assessments are levied on us by the guaranty association of the states where we offer our insurance products. Such assessments are made primarily to cover the losses of policyholders of insolvent or rehabilitated insurers. Since these assessments can generally be recovered through a reduction in future premium taxes paid, we capitalize the assessments that can be recovered as they are paid and amortize the capitalized balance against our premium tax expense. We did not pay an assessment during 2018. During 2017 we paid $36 thousand in assessments. We are engaged in various legal proceedings in the ordinary course of business, none of which, either individually or in the aggregate, are believed likely to have a material adverse effect on our consolidated financial position or results of operations, in the opinion of management. The various legal proceedings to which we are a party are routine in nature and incidental to our business.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income Balances	12 Months Ended
	Dec. 31, 2018
Changes in Accumulated Other Comprehensive Income Balances [Abstract]
Changes in Accumulated Other Comprehensive Income Balances	18. Changes in Accumulated Other Comprehensive Income Balances: The changes in accumulated other comprehensive income balances as of December 31, 2018 and 2017 were as follows (in thousands): Accumulated Other Pension Unrealized Comprehensive Liability Gains (Loss) Income (Loss) Balance at January 1, 2017 $ (2,666) $ 13,037 $ 10,371 Other comprehensive income: Change in net actuarial gain 548 — 548 Tax effect on change in net actuarial gain (192) — (192) Unrealized holding gains arising during the period — 9,117 9,117 Tax effect on unrealized gains arising during the period — (3,191) (3,191) Reclassification adjustment for gains included in net realized gains — (6,799) (6,799) Tax effect on reclassification adjustment for gains included in income tax expense — 2,380 2,380 Other comprehensive income, net of tax 356 1,507 1,863 Balance at December 31, 2017 $ (2,310) $ 14,544 $ 12,234 Other comprehensive income: Change in net actuarial gain (576) — (576) Tax effect on change in net actuarial gain 121 — 121 Unrealized holding losses arising during the period — (3,343) (3,343) Tax effect on unrealized losses arising during the period — 702 702 Reclassification adjustment for gains included in net realized gains — (1,803) (1,803) Tax effect on reclassification adjustment for gains included in income tax expense — 379 379 Other comprehensive loss, net of tax (455) (4,065) (4,520) Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018 (569) 3,188 2,619 Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018 — (16,993) (16,993) Balance at December 31, 2018 $ (3,334) $ (3,326) $ (6,660)

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2018
Concentrations of Credit Risk [Abstract]
Concentrations of Credit Risk	19. Concentrations of Credit Risk: We maintain cash and cash equivalents in accounts with four financial institutions in excess of the amount insured by the Federal Deposit Insurance Corporation. We monitor the financial stability of the depository institutions regularly and do not believe excessive risk of depository institution failure existed at December 31, 2018. We are also subject to credit risk with respect to reinsurers to whom we have ceded underwriting risk. Although a reinsurer is liable for losses to the extent of the coverage it assumes, we remain obligated to our policyholders in the event that the reinsurers do not meet their obligations under the reinsurance agreements. In order to mitigate credit risk to reinsurance companies, we monitor the financial condition of reinsurers on an ongoing basis and review our reinsurance arrangements periodically. Most of our reinsurance recoverable balances as of December 31, 2018 were with reinsurers that had an A.M. Best rating of “A-” or better. We also mitigate our credit risk for the remaining reinsurance recoverable by obtaining letters of credit.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant (Parent Company Only)	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure	Schedule II – Condensed Financial Information of Registrant (Parent Company Only) HALLMARK FINANCIAL SERVICES, INC. BALANCE SHEETS December 31, 2018 and 2017 (In thousands) 2018 2017 ASSETS Debt securities, available-for-sale, at fair value (amortized cost; $150 in 2018 and $150 in 2017) $ 786 $ 150 Cash and cash equivalents 10,159 12,194 Investment in subsidiaries 344,904 344,496 Deferred federal income taxes 442 493 Federal income tax recoverable 6,133 3,914 Other assets 3,784 3,571 Total assets $ 366,208 $ 364,818 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Revolving credit facility payable $ 30,000 $ 30,000 Subordinated debt securities (less unamortized debt issuance cost of $898 in 2018 and $949 in 2017) 55,804 55,753 Accounts payable and other accrued expenses 24,872 27,947 Total liabilities 110,676 113,700 Stockholders’ equity: Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2018 and in 2017 3,757 3,757 Additional paid-in capital 123,168 123,180 Retained earnings 161,195 136,474 Accumulated other comprehensive income (6,660) 12,234 Treasury stock (2,846,131 shares in 2018 and 2,703,803 in 2017), at cost (25,928) (24,527) Total stockholders’ equity 255,532 251,118 Total liabilities and stockholders’ equity $ 366,208 $ 364,818 See accompanying report of independent registered public accounting firm. Schedule II (Continued) – Condensed Financial Information of Registrant (Parent Company Only) HALLMARK FINANCIAL SERVICES, INC. STATEMENTS OF OPERATIONS For the years ended December 31, 2018 and 2017 (In thousands) 2018 2017 Investment income, net of expenses $ 290 $ 210 Dividend income from subsidiaries 5,525 11,375 Net realized losses — (759) Management fee income 14,736 11,896 Total revenues 20,551 22,722 Operating expenses 11,395 10,265 Interest expense 4,545 4,512 Total expenses 15,940 14,777 Income before equity in undistributed earnings (loss) of subsidiaries and income tax benefit 4,611 7,945 Income tax benefit (306) (947) Income before equity in undistributed earnings (loss) of subsidiaries 4,917 8,892 Equity in undistributed share of earnings (loss) in subsidiaries 5,430 (20,445) Net income (loss) $ 10,347 $ (11,553) Comprehensive income (loss) $ 5,827 $ (9,690) See accompanying report of independent registered public accounting firm. Schedule II (Continued) – Condensed Financial Information of Registrant (Parent Company Only) HALLMARK FINANCIAL SERVICES, INC. STATEMENTS OF CASH FLOWS For the years ended December 31, 2018 and 2017 (In thousands) 2018 2017 Cash flows from operating activities: Net income (loss) $ 10,347 $ (11,553) Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities: Depreciation and amortization expense 377 367 Deferred income tax expense (benefit) 51 (160) Net realized losses — 759 Undistributed share of (earnings) loss of subsidiaries (5,430) 20,445 Change in current federal income tax recoverable (2,219) (1,158) Change in all other liabilities (3,075) 306 Change in all other assets (466) 632 Net cash (used in) provided by operating activities (415) 9,638 Cash flows from investing activities: Purchases of property and equipment (55) (97) Purchase of investment securities — (1,304) Net cash used in investing activities (55) (1,401) Cash flows from financing activities: Proceeds from exercise of employee stock options 242 231 Purchase of treasury shares (1,807) (5,308) Net cash used in financing activities (1,565) (5,077) (Decrease) increase in cash and cash equivalents (2,035) 3,160 Cash and cash equivalents at beginning of year 12,194 9,034 Cash and cash equivalents at end of year $ 10,159 $ 12,194 Supplemental cash flow information: Interest paid $ 4,842 $ 4,506 Income taxes paid $ 1,996 $ 372 See accompanying report of independent registered public accounting firm.

Schedule III -Supplementary Ins

Schedule III -Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2018
Schedule III - Supplementary Insurance Information [Abstract]
Supplementary Insurance Information	FINANCIAL STATEMENT SCHEDULES Schedule III - Supplementary Insurance Information (In thousands) Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K Future Policy Benefits, Losses, Other Benefits, Amortization Deferred Claims, and Policy Claims, of Deferred Policy Loss Claims and Net Losses and Policy Other Net Acquisition Adjustment Unearned Benefits Premium Investment Settlement Acquisition Operating Premiums Segment Costs Expenses Premiums Payable Revenue Income Expenses Costs Expenses Written 2018 Specialty Commercial Segment $ 5,637 $ 429,741 $ 234,563 $ — $ 258,186 $ 19,302 $ 194,268 $ 21,133 $ 52,071 $ 251,731 Standard Commercial Segment 5,212 74,677 40,813 — 72,321 3,736 39,396 13,415 22,825 69,222 Personal Segment 3,442 22,829 22,685 — 32,580 1,185 22,364 2,888 15,420 42,845 Corporate — — — — — (5,991) — — 11,396 — Consolidated $ 14,291 $ 527,247 $ 298,061 $ — $ 363,087 $ 18,232 $ 256,028 $ 37,436 $ 101,712 $ 363,798 2017 Specialty Commercial Segment $ 8,668 $ 416,788 $ 224,903 $ — $ 259,086 $ 16,809 $ 213,050 $ 21,600 $ 57,458 $ 265,022 Standard Commercial Segment 6,421 87,323 37,574 — 66,218 3,855 45,227 10,890 23,180 69,288 Personal Segment 913 22,989 14,165 — 35,733 1,194 30,031 1,775 12,712 31,273 Corporate — — — — — (2,984) — — 10,265 — Consolidated $ 16,002 $ 527,100 $ 276,642 $ — $ 361,037 $ 18,874 $ 288,308 $ 34,265 $ 103,615 $ 365,583 See accompanying report of independent registered public accounting firm.

Schedule IV -Reinsurance

Schedule IV -Reinsurance	12 Months Ended
	Dec. 31, 2018
Supplemental Schedule of Reinsurance Premiums For Insurance Companies [Abstract]
Reinsurance	FINANCIAL STATEMENT SCHEDULES Schedule IV – Reinsurance (In thousands) Column B Column C Column D Column E Column F Gross Amount Ceded to Assumed from Net Amount Percentage of Amount Other Companies Other Companies Assumed to Net Year Ended December 31, 2018 Life insurance in force $ — $ — $ — $ — Premiums Life insurance $ — $ — $ — $ — Accident and health insurance — — — — Property and liability insurance 639,437 (278,509) 2,159 363,087 0.59 % Title Insurance — — — — Total premiums $ 639,437 $ (278,509) $ 2,159 $ 363,087 0.59 % Year Ended December 31, 2017 Life insurance in force $ — $ — $ — $ — Premiums Life insurance $ — $ — $ — $ — Accident and health insurance — — — — Property and liability insurance 567,089 (207,732) 1,680 361,037 0.47 % Title Insurance — — — — Total premiums $ 567,089 $ (207,732) $ 1,680 $ 361,037 0.47 % See accompanying report of independent registered public accounting firm.

Schedule VI -Supplemental Infor

Schedule VI -Supplemental Information Concerning Property-Casualty Insurance Operations	12 Months Ended
	Dec. 31, 2018
Supplemental Information For Property, Casualty Insurance Underwriters [Abstract]
Supplemental Information Concerning Property-Casualty Insurance Operations	FINANCIAL STATEMENT SCHEDULES Schedule VI - Supplemental Information Concerning Property-Casualty Insurance Operations (In thousands) Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K Reserves for Unpaid Claims and Claim Deferred Claims and Discount if Adjustment Expenses Amortization of Paid Claims Policy Claim any, Net Incurred Related to Deferred Policy and Claims Net Affiliation With Acquisition Adjustment Deducted In Unearned Earned Investment (1) Current (2) Prior Acquisitions Adjustment Premiums Registrant Costs Expenses Column C Premiums Premiums Income Year Years Costs Expenses Written (a) Consolidated property-casualty Entities 2018 $ 14,291 $ 527,247 $ — $ 298,061 $ 363,087 $ 18,232 $ 250,075 $ 5,953 $ 37,436 $ 322,985 $ 363,798 2017 $ 16,002 $ 527,100 $ — $ 276,642 $ 361,037 $ 18,874 $ 248,203 $ 40,105 $ 34,265 $ 274,150 $ 365,583 See accompanying report of independent registered public accounting firm.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
General	General Hallmark Financial Services, Inc. (“Hallmark” and, together with subsidiaries, the “Company”, “we,” “us” or “our”) is an insurance holding company engaged in the sale of property/casualty insurance products to businesses and individuals. Our business involves marketing, distributing, underwriting and servicing our insurance products, as well as providing other insurance related services. We market, distribute, underwrite and service our property/casualty insurance products primarily through subsidiaries whose operations are organized into product-specific operating units that are supported by our insurance company subsidiaries. Our Contract Binding operating unit handles primarily commercial insurance products and services and is comprised of Hallmark Specialty Underwriters, Inc. (“HSU”), Pan American Acceptance Corporation (“PAAC”) and TGA Special Risk, Inc. (“TGASRI”). Our Specialty Commercial operating unit offers (i) general aviation insurance products and services, (ii) low and middle market commercial umbrella and excess liability insurance, (iii) medical and financial professional liability insurance products and services, (iv) satellite launch insurance products, and (v) primary/excess commercial property coverages for both catastrophe and non-catastrophe exposures. Certain specialty programs are also managed by our Specialty Commercial operating unit. Our Specialty Commercial operating unit is comprised of Aerospace Insurance Managers, Inc. (“Aerospace Insurance Managers”), Aerospace Special Risk, Inc. (“ASRI”), Aerospace Claims Management Group, Inc. (“ACMG”), Heath XS, LLC (“HXS”) and Hardscrabble Data Solutions, LLC (“HDS”). Our Standard Commercial P&C operating unit handles commercial insurance products and services and is comprised of American Hallmark Insurance Services, Inc. (“American Hallmark Insurance Services”) and Effective Claims Management, Inc. (“ECM”). Our Workers Compensation operating unit specializes in small and middle market workers compensation business and is comprised of TBIC Holding Corporation, Inc. (“TBIC Holding”), Texas Builders Insurance Company (“TBIC”) and TBIC Risk Management (“TBICRM”). Effective July 1, 2015, this operating unit ceased marketing or retaining any risk on new or renewal policies. Our Specialty Personal Lines operating unit handles personal insurance products and services and is comprised of American Hallmark General Agency, Inc. (“AHGA”) and Hallmark Claims Services, Inc. (“HCS”). Our insurance company subsidiaries supporting these operating units are American Hallmark Insurance Company of Texas (“AHIC”), Hallmark Insurance Company (“HIC”), Hallmark Specialty Insurance Company (“HSIC”), Hallmark County Mutual Insurance Company (“HCM”), Hallmark National Insurance Company (“HNIC”) and TBIC. These operating units are segregated into three reportable industry segments for financial accounting purposes. The Specialty Commercial Segment includes our Contract Binding operating unit and our Specialty Commercial operating unit. The Standard Commercial Segment includes our Standard Commercial P&C operating unit and our Workers Compensation operating unit. The Personal Segment consists solely of our Specialty Personal Lines operating unit.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts and operations of Hallmark and its subsidiaries. Intercompany accounts and transactions have been eliminated. The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) which, as to our insurance company subsidiaries, differ from statutory accounting practices prescribed or permitted for insurance companies by insurance regulatory authorities.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements Our preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect our reported amounts of assets and liabilities at the dates of the financial statements and our reported amounts of revenues and expenses during the reporting periods. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. We adjust such estimates and assumptions when facts and circumstances dictate. Since future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment may be reflected in the financial statements in future periods.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value estimates are made at a point in time, based on relevant market data as well as the best information available about the financial instruments. Fair value estimates for financial instruments for which no or limited observable market data is available are based on judgments regarding current economic conditions, credit and interest rate risk. These estimates involve significant uncertainties and judgments and cannot be determined with precision. As a result, such calculated fair value estimates may not be realizable in a current sale or immediate settlement of the instrument. In addition, changes in the underlying assumptions used in the fair value measurement technique, including discount rate and estimates of future cash flows, could significantly affect these fair value estimates. Cash and Cash Equivalents: The carrying amounts reported in the balance sheet for these instruments approximate their fair values. Restricted Cash: The carrying amount for restricted cash reported in the balance sheet approximates the fair value. Revolving Credit Facility Payable: Our revolving credit facility with Frost Bank had a carried value of $30.0 million and a fair value of $30.2 million as of December 31, 2018 and December 31, 2017. This revolving credit facility would be included in Level 3 of the fair value hierarchy if it was reported at fair value. Subordinated debt securities: Our trust preferred securities are reported at carry value of $55.8 million and $55.8 million, and had a fair value of $45.6 million and $43.7 million, as of December 31, 2018 and 2017, respectively, and would be included in Level 3 of the fair value hierarchy if they were reported at fair value. For reinsurance balances, premiums receivable, federal income tax payable, other assets and other liabilities, the carrying amounts approximate fair value because of the short maturity of such financial instruments.
Investments	Investments Debt securities available for sale are reported at fair value. Unrealized gains and losses are recorded as a component of stockholders’ equity, net of related tax effects. Debt securities that are determined to have other-than-temporary impairment are recognized as a loss on investments in the consolidated statements of operations for the portion that is related to credit deterioration with the remaining portion recognized in other comprehensive income. Debt security premiums and discounts are amortized into earnings using the effective interest method. Maturities of debt securities and sales of equity securities are recorded in receivable for securities until the cash is settled. Purchases of debt and equity securities are recorded in payable for securities until the cash is settled. Equity securities are reported at fair value. On January 1, 2018, we adopted ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 requires equity securities to be measured at fair value with changes in fair value recognized in net income. As a result of the new standard, equity securities with readily determinable fair values are no longer required to be evaluated for other-than-temporary impairment. Prior to the adoption of ASU 2016-01, unrealized gains and losses on equity securities were recorded as a component of stockholders’ equity, net of related tax effects. Other investments consists of an equity warrant which is reported at fair value. Unrealized gains and losses are reported in the statement of operations as a component of net realized gains (losses). Realized investment gains and losses are recognized in operations on the first in-first out method.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Restricted Cash	Restricted Cash Restricted cash represents amounts required to be set aside by a contractual agreement with a third-party insurer and amounts pledged for the benefit of various state insurance departments.
Premiums Receivable	Premiums Receivable Premiums receivable represent amounts due from policyholders or independent agents for premiums written and uncollected. These balances are carried at net realizable value.
Reinsurance	Reinsurance We are routinely involved in reinsurance transactions with other companies. Reinsurance premiums, losses and loss adjustment expenses (“LAE”) are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. (See Note 7.)
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Policy acquisition costs (mainly commission, underwriting and marketing expenses) that are directly related to the successful acquisition of new and renewal insurance contracts are deferred and charged to operations over periods in which the related premiums are earned. The method followed in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value. In determining estimated realizable value, the computation gives effect to the premium to be earned, expected investment income, losses and LAE and certain other costs expected to be incurred as the premiums are earned. If the computation results in an estimated net realizable value less than zero, a liability will be accrued for the premium deficiency. During 2018 and 2017, we deferred $35.7 million and $31.1 million of policy acquisition costs and amortized $37.4 million and $34.3 million of deferred policy acquisition costs, respectively. Therefore, the net (amortization) deferrals of policy acquisition costs were ($1.7) million and ($3.2) million for 2018 and 2017, respectively.
Business Combinations	Business Combinations We account for business combinations using the acquisition method of accounting pursuant to Accounting Standards Codification (“ASC”) 805, “Business Combinations.” The base cash purchase price plus the estimated fair value of any non-cash or contingent consideration given for an acquired business is allocated to the assets acquired (including identified intangible assets) and liabilities assumed based on the estimated fair values of such assets and liabilities. The excess of the fair value of the total consideration given for an acquired business over the aggregate net fair values assigned to the assets acquired and liabilities assumed is recorded as goodwill. Contingent consideration is recognized as a liability at fair value as of the acquisition date with subsequent fair value adjustments recorded in the consolidated statements of operations. The valuation of contingent consideration requires assumptions regarding anticipated cash flows, probabilities of cash flows, discount rates and other factors. Significant judgment is employed in determining the propriety of these assumptions as of the acquisition date and for each subsequent period. Accordingly, future business and economic conditions, as well as changes in any of the assumptions, can materially impact the amount of contingent consideration expense we record in any given period. Indirect and general expenses related to business combinations are expensed as incurred.
Goodwill and Intangible Assets, net	Goodwill and Intangible Assets, net We account for our goodwill and intangible assets according to ASC 350, “Intangibles – Goodwill and Other.” Under ASC 350, intangible assets with a finite life are amortized over the estimated useful life of the asset. Goodwill and intangible assets with an indefinite useful life are not amortized. Goodwill and intangible assets are tested for impairment on an annual basis or more frequently if events or changes in circumstances indicate that the carrying amount may not be recoverable. For goodwill, we may perform a qualitative test to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. The first step of the quantitative test is to identify if a potential impairment exists by comparing the fair value of a reporting unit with its carrying amount, including goodwill (“Step 1”). If the fair value of a reporting unit exceeds its carrying value amount, goodwill of the reporting unit is not considered to have a potential impairment and the second step is not necessary. However, if the carrying amount of the reporting unit exceeds its fair value, the second step (“Step 2”) is performed to determine if goodwill is impaired and to measure the amount of impairment loss to recognize, if any. Step 2 compares the implied fair value of goodwill with the carrying amount of goodwill. If the implied value of goodwill is less than the carrying amount of goodwill, it is written down to its fair value with a corresponding expense reflected in the Consolidated Statements of Income. The implied goodwill is calculated based on a hypothetical purchase price allocation, similar to the requirements in the accounting guidance for business combinations, whereby the implied fair value of the reporting unit is allocated to the fair value of the assets and liabilities of the reporting unit. We have elected to perform our goodwill impairment test on the first day of the fourth quarter, October 1, of each year.
Leases	Leases We have several leases, primarily for office facilities and computer equipment, which expire in various years through 2032. Some of these leases include rent escalation provisions throughout the term of the lease. We expense the average annual cost of the lease with the difference to the actual rent invoices recorded as deferred rent which is classified in accounts payable and other accrued expenses on our consolidated balance sheets.
Property and Equipment	Property and Equipment Property and equipment (including leasehold improvements), aggregating $27.0 million and $24.9 million, at December 31, 2018 and 2017, respectively, which is included in other assets, is recorded at cost and is depreciated using the straight-line method over the estimated useful lives of the assets (three to ten years) or the life of the lease, whichever is shorter. Depreciation expense for 2018 and 2017 was $2.7 million and $2.2 million, respectively. Accumulated depreciation was $20.0 million and $17.3 million at December 31, 2018 and 2017, respectively.
Variable Interest Entities	Variable Interest Entities On June 21, 2005, we formed Hallmark Statutory Trust I (“Trust I”), an unconsolidated trust subsidiary, for the sole purpose of issuing $30.0 million in trust preferred securities. Trust I used the proceeds from the sale of these securities and our initial capital contribution to purchase $30.9 million of subordinated debt securities from Hallmark. The debt securities are the sole assets of Trust I, and the payments under the debt securities are the sole revenues of Trust I. On August 23, 2007, we formed Hallmark Statutory Trust II (“Trust II”), an unconsolidated trust subsidiary, for the sole purpose of issuing $25.0 million in trust preferred securities. Trust II used the proceeds from the sale of these securities and our initial capital contribution to purchase $25.8 million of subordinated debt securities from Hallmark. The debt securities are the sole assets of Trust II, and the payments under the debt securities are the sole revenues of Trust II. We evaluate on an ongoing basis our investments in Trust I and Trust II (collectively, the “Trusts”) and we do not have variable interests in the Trusts. Therefore, the Trusts are not consolidated in our consolidated financial statements. We are also involved in the normal course of business with variable interest entities primarily as a passive investor in mortgage-backed securities and certain collateralized corporate bank loans issued by third party variable interest entities. The maximum exposure to loss with respect to these investments is limited to the investment carrying values included in the consolidated balance sheets.
Losses and Loss Adjustment Expenses	Losses and Loss Adjustment Expenses Losses and LAE represent the estimated ultimate net cost of all reported and unreported losses incurred through December 31, 2018 and 2017. The reserves for unpaid losses and LAE are estimated using individual case-basis valuations and statistical analyses. These estimates are subject to the effects of trends in loss severity and frequency. Although considerable variability is inherent in such estimates, we believe that the reserves for unpaid losses and LAE are adequate. The estimates are continually reviewed and adjusted as experience develops or new information becomes known. Such adjustments are included in current operations.
Recognition of Premium Revenues	Recognition of Premium Revenues Insurance premiums are earned pro rata over the terms of the policies. Insurance policy fees are earned as of the effective date of the policy. Upon cancellation, any unearned premium is refunded to the insured. Insurance premiums written include gross policy fees of $6.5 million and $7.6 million for the years ended December 31, 2018 and 2017, respectively. Insurance premiums on monthly reporting workers’ compensation policies are earned on the conclusion of the monthly coverage period. Deposit premiums for workers’ compensation policies are earned upon the expiration of the policy.
Finance Charges	Finance Charges We receive premium installment fees for each direct bill payment from policyholders. Installment fee income is classified as finance charges on the consolidated statement of operations and is recognized as the fee is invoiced.
Agent Commissions	Agent Commissions We pay monthly commissions to agents based on written premium produced, but generally recognize the expense pro rata over the term of the policy. If the policy is cancelled prior to its expiration, the unearned portion of the agent commission is refundable to us. The unearned portion of commissions paid to agents is included in deferred policy acquisition costs. We annually pay a profit sharing commission to our independent agency force based upon the results of the business produced by each agent. We estimate and accrue this liability to commission expense in the year the business is produced. Commission expense is classified as operating expenses in the consolidated statements of operations.
Income Taxes	Income Taxes We file a consolidated federal income tax return. Deferred federal income taxes reflect the future tax consequences of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year end. Deferred taxes are recognized using the liability method, whereby tax rates are applied to cumulative temporary differences based on when and how they are expected to affect the tax return. Deferred tax assets and liabilities are adjusted for tax rate changes in effect for the year in which these temporary differences are expected to be recovered or settled. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was enacted. Among many changes resulting from TCJA, the new law (i) reduces the corporate tax rate to 21% effective January 1, 2018, (ii) eliminates the corporate alternative minimum tax for tax years beginning after December 31, 2017, (iii) allows businesses to immediately expense, for tax purposes, the cost of new investments in certain qualified depreciable assets, (iv) modifies the computation of loss reserve discounting for tax purposes, (v) modifies the recognition of income rules by requiring the recognition of income for certain items no later than the tax year in which an item is taken into account as income on an applicable financial statement and (vi) significantly modifies the United States international tax system. Net loss for the year ended December 31, 2017 included a charge of $1.3 million from the revaluation of deferred tax balances from a 35% statutory tax rate to the new 21% statutory tax rate as a result of TCJA.
Earnings Per Share	Earnings Per Share The computation of earnings per share is based upon the weighted average number of common shares outstanding during the period plus the effect of common shares potentially issuable (in periods in which they have a dilutive effect), primarily from stock options. (See Notes 11 and 13.)
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements On February 14, 2018, the FASB issued ASU 2018‑02, “Income Statement- Reporting Comprehensive Income (Topic 220)” providing updated guidance that allows a reclassification of the stranded tax effects in accumulated other comprehensive income (AOCI) resulting from the TCJA. Prior guidance required the effect of a change in tax laws or rates on deferred tax balances to be reported in income from continuing operations in the accounting period that included the period of enactment, even if the related income tax effects were originally charged or credited directly to AOCI. The amount of the reclassification would have included the effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of the enactment of TCJA related to items in AOCI. The updated guidance was effective for reporting periods beginning after December 15, 2018 and is applied retrospectively to each period in which the effect of the TCJA related to items remaining in AOCI is recognized or at the beginning of the period of adoption. The Company adopted the updated guidance effective January 1, 2018. The reclassification of the stranded tax effects out of AOCI and into retained earnings was $2.6 million. The adoption did not affect the Company’s results of operations, financial position, or liquidity. In January 2017, the FASB issued ASU 2017‑01, “Clarifying the Definition of a Business (Topic 715)”. ASU 2017‑01 is intended to assist entities in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017‑01 is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The adoption of this standard did not have a material impact on our financial condition or results of operations. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10)”. ASU 2016-01 requires equity investments that are not consolidated or accounted for under the equity method of accounting to be measured at fair value with changes in fair value recognized in net income. ASU 2016-01 also requires us to assess the ability to realize our deferred tax assets (“DTAs”) related to an available-for-sale debt security in combination with our other DTAs. ASU 2016-01 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this guidance resulted in the recognition of $17.0 million of net after-tax unrealized gains on equity investments as a cumulative effect adjustment that increased retained earnings as of January 1, 2018 and decreased AOCI by the same amount. The Company reports changes in the fair value of equity investments in investment gains and (losses) in the Consolidated Statement of Operations. At December 31, 2017, equity investments were classified as available-for-sale on the Company's balance sheet. However, upon adoption, the updated guidance eliminated the available-for-sale balance sheet classification for equity investments. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments (Topic 230)”. ASU 2016-15 will reduce diversity in practice on how eight specific cash receipts and payments are classified on the statement of cash flows. The ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those years. Effective January 1, 2018, we adopted this new guidance, which did not have a material impact on our financial results or disclosures. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash.” The purpose of ASU 2016-18 is to eliminate the diversity in classifying and presenting changes in restricted cash in the statement of cash flows. The new guidance requires restricted cash to be combined with cash and cash equivalents when reconciling the beginning and ending balances of cash on the statement of cash flows, thereby no longer requiring transactions such as transfers between restricted and unrestricted cash to be treated as a cash flow activity. Further, the new guidance requires the nature of the restrictions to be disclosed, as well as a reconciliation between the balance sheet and the statement of cash flows on how restricted and unrestricted cash are segregated. The new guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within that fiscal year, with early adoption permitted. Effective January 1, 2018, we retrospectively adopted this new guidance which did not have a material impact on our financial results or disclosures. In May 2014, the FASB issued ASU 2014-09, guidance which revises the criteria for revenue recognition. Under the guidance, the transaction price is attributed to underlying performance obligations in the contract and revenue is recognized as the entity satisfies the performance obligations and transfers control of a good or service to the customer. Incremental costs of obtaining a contract may be capitalized to the extent the entity expects to recover those costs. Revenue from insurance contracts is excluded from the scope of this new guidance. While insurance contracts are excluded from this guidance, policy fee income, billing and other fees and fee income related to business written as a cover-holder through a Lloyds Syndicate is subject to this updated guidance. Effective January 1, 2018, we adopted this new guidance which did not have a material impact on our financial results or disclosures. Recently Issued Accounting Pronouncements In March 2017, the FASB issued ASU 2017‑08, “Premium Amortization on Purchased Callable Securities (Subtopic 310‑20)”. ASU 2017‑08 is intended to enhance the accounting for amortization of premiums for purchased callable debt securities. The guidance amends the amortization period for certain purchased callable debt securities held at a premium. Securities that contain explicit, noncontingent call features that are callable at fixed prices and on preset dates should shorten the amortization period for the premium to the earliest call date (and if the call option is not exercised, the effective yield is reset using the payment terms of the debt security). The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and is to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings. We have evaluated the impact of adopting ASU 2017‑08 and have determined that it will be immaterial to our financial results and disclosures. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment (Topic 350)”. ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value (not to exceed the total goodwill allocated to that reporting unit). It eliminates Step 2 of the current two-step goodwill impairment test, under which a goodwill impairment loss is measured by comparing the implied fair value of a reporting unit’s goodwill. The ASU is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We are currently evaluating the impact that the adoption of ASU 2017-04 will have on our financial results and disclosures. In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326)”. ASU 2016-13 requires organizations to estimate credit losses on certain types of financial instruments, including receivables and available-for-sale debt securities, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. ASU 2016-13 requires a modified retrospective transition method and early adoption is permitted. We are currently evaluating the impact that the adoption of this standard will have on our financial results and disclosures, but do not anticipate that any potential impact would be material. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Additionally, ASU 2016-02 modifies current guidance for lessors' accounting. ASU 2016-02 is effective for interim and annual reporting periods beginning on or after January 1, 2019, with early adoption permitted. During 2018, the FASB issued several amendments and targeted improvements to ease with the application of the standard, including the addition of a transition approach that gives the Company the option of applying the standard at either the beginning of the earliest comparative period presented or the beginning of the period of adoption. We plan to adopt the standard on its effective date of January 1, 2019. We will also elect certain practical expedients that allow us not to reassess existing leases under the new guidance. Based on our analysis, the majority of the Company’s lease obligation pertain to office leases utilized in the operation of our businesses. We expect the primary impact of adoption to be the recognition of a right of use asset and a lease liability for operating leases representing approximately two percent of the Company’s total assets and total liabilities, respectively. We do not expect the standard to have a material effect on our reported consolidated results of operations, cash flows or required disclosures.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2018
Investments [Abstract]
Amortized Cost and Estimated Fair Value of Investments in Debt and Equity Securities	The amortized cost and estimated fair value of investments in debt and equity securities by category is as follows (in thousands): Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value As of December 31, 2018 U.S. Treasury securities and obligations of U.S. Government $ 48,609 $ 5 $ (508) $ 48,106 Corporate bonds 243,314 440 (1,602) 242,152 Collateralized corporate bank loans 131,779 19 (5,270) 126,528 Municipal bonds 112,574 3,791 (838) 115,527 Mortgage-backed 13,992 11 (446) 13,557 Total debt securities 550,268 4,266 (8,664) 545,870 Total equity securities 68,709 20,693 (8,506) 80,896 Total other investments 3,763 — (2,615) 1,148 Total investments $ 622,740 $ 24,959 $ (19,785) $ 627,914 As of December 31, 2017 U.S. Treasury securities and obligations of U.S. Government $ 50,088 $ 7 $ (148) $ 49,947 Corporate bonds 278,611 1,204 (742) 279,073 Collateralized corporate bank loans 125,536 702 (301) 125,937 Municipal bonds 134,052 709 (505) 134,256 Mortgage-backed 16,712 37 (216) 16,533 Total debt securities 604,999 2,659 (1,912) 605,746 Total equity securities 30,253 23,014 (1,504) 51,763 Total other investments 3,763 61 — 3,824 Total investments $ 639,015 $ 25,734 $ (3,416) $ 661,333
Major Categories of Investment Income	Major categories of net investment income are summarized as follows (in thousands): Twelve Months Ended December 31, 2018 2017 U.S. Treasury securities and obligations of U.S. Government $ 902 $ 566 Corporate bonds 6,696 7,839 Collateralized corporate bank loans 5,658 4,302 Municipal bonds 3,757 4,633 Mortgage-backed 521 1,049 Equity securities 1,151 871 Other investments — — Cash and cash equivalents 518 706 19,203 19,966 Investment expenses (971) (1,092) Investment income, net of expenses $ 18,232 $ 18,874
Major Categories of Net Realized Gains on Investments	Major categories of net investment gains (losses) on investments are summarized as follows (in thousands): Twelve Months Ended December 31, 2018 2017 U.S. Treasury securities and obligations of U.S. Government $ — $ — Corporate bonds (83) (468) Collateralized corporate bank loans 90 79 Municipal bonds 1,435 195 Mortgage-backed 2 (9) Equity securities 359 7,002 Gain on investments 1,803 6,799 Unrealized loss on other investments (2,676) (1,127) Other-than-temporary impairments — (5,877) Unrealized losses on equity investments (9,322) — Investment losses, net $ (10,195) $ (205)
Summary of Gross Unrealized Loss Position	The following schedules summarize the gross unrealized losses showing the length of time that investments have been continuously in an unrealized loss position as of December 31, 2018 and December 31, 2017 (in thousands): As of December 31, 2018 12 months or less Longer than 12 months Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities and obligations of U.S. Government $ 18,902 $ (181) $ 28,201 $ (327) $ 47,103 $ (508) Corporate bonds 117,450 (907) 100,060 (695) 217,510 (1,602) Collateralized corporate bank loans 120,410 (4,938) 4,931 (332) 125,341 (5,270) Municipal bonds 14,281 (96) 25,891 (742) 40,172 (838) Mortgage-backed 6,592 (60) 5,986 (386) 12,578 (446) Total debt securities 277,635 (6,182) 165,069 (2,482) 442,704 (8,664) Total equity securities 30,981 (3,699) 4,475 (4,807) 35,456 (8,506) Total other investments 1,148 (2,615) — — 1,148 (2,615) Total investments $ 309,764 $ (12,496) $ 169,544 $ (7,289) $ 479,308 $ (19,785) As of December 31, 2017 12 months or less Longer than 12 months Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury securities and obligations of U.S. Government $ 28,825 $ (145) $ 1,997 $ (3) $ 30,822 $ (148) Corporate bonds 176,061 (736) 2,378 (6) 178,439 (742) Collateralized corporate bank loans 30,008 (280) 2,517 (21) 32,525 (301) Municipal bonds 35,200 (370) 8,917 (135) 44,117 (505) Mortgage-backed 6,419 (127) 1,415 (89) 7,834 (216) Total debt securities 276,513 (1,658) 17,224 (254) 293,737 (1,912) Total equity securities 8,375 (1,504) — — 8,375 (1,504) Total other investments — — — — — — Total investments $ 284,888 $ (3,162) $ 17,224 $ (254) $ 302,112 $ (3,416)
Carrying Value of Other Invested Assets Portfolio	Details regarding the carrying value of the other invested assets portfolio as of December 31, 2018 and 2017 were as follows: 2018 2017 Investment Type Equity warrant $ 1,148 $ 3,824 Total other investments $ 1,148 $ 3,824
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities	The amortized cost and estimated fair value of debt securities at December 31, 2018 by contractual maturity are as follows. Expected maturities may differ from contractual maturities because certain borrowers may have the right to call or prepay obligations with or without penalties. Amortized Cost Fair Value (in thousands) Due in one year or less $ 119,771 $ 120,127 Due after one year through five years 284,992 284,947 Due after five years through ten years 105,656 102,047 Due after ten years 25,857 25,192 Mortgage-backed 13,992 13,557 $ 550,268 $ 545,870

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value [Abstract]
Fair Value of Assets Measured on a Recurring Basis	The following table presents for each of the fair value hierarchy levels, our assets that are measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017 (in thousands). As of December 31, 2018 Quoted Prices in Active Markets for Identical Assets Other Observable Unobservable (Level 1) Inputs (Level 2) Inputs (Level 3) Total U.S. Treasury securities and obligations of U.S. Government $ — $ 48,106 $ — $ 48,106 Corporate bonds — 241,861 291 242,152 Collateralized corporate bank loans — 126,528 — 126,528 Municipal bonds — 115,527 — 115,527 Mortgage-backed — 13,557 — 13,557 Total debt securities — 545,579 291 545,870 Total equity securities 80,896 — — 80,896 Total other investments 1,148 — — 1,148 Total investments $ 82,044 $ 545,579 $ 291 $ 627,914 As of December 31, 2017 Quoted Prices in Active Markets for Identical Assets Other Observable Unobservable (Level 1) Inputs (Level 2) Inputs (Level 3) Total U.S. Treasury securities and obligations of U.S. Government $ — $ 49,947 $ — $ 49,947 Corporate bonds — 278,760 313 279,073 Collateralized corporate bank loans — 125,937 — 125,937 Municipal bonds — 131,433 2,823 134,256 Mortgage-backed — 16,533 — 16,533 Total debt securities — 602,610 3,136 605,746 Total equity securities 51,142 — 621 51,763 Total other investments 3,824 — — 3,824 Total investments $ 54,966 $ 602,610 $ 3,757 $ 661,333
Fair Value, Assets Measured on Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table summarizes the changes in fair value for all financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2018 and 2017 (in thousands). 2018 2017 Beginning balance as of January 1 $ 3,757 $ 5,945 Sales — — Settlements (2,925) (579) Purchases — 775 Issuances — — Total realized/unrealized gains included in net income 80 616 Net gain included in other comprehensive income — — Transfers into Level 3 — — Transfers out of Level 3 (621) (3,000) Ending balance as of December 31 $ 291 $ 3,757

Acquisitions, Goodwill and In_2

Acquisitions, Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Acquisitions, Goodwill and Intangible Assets [Abstract]
Schedule of Acquired Intangible Assets by Major Category	We have obtained various intangible assets from several acquisitions. The table below details the gross and net carrying amounts of these assets by major category (in thousands): December 31 2018 2017 Gross Carrying Amount: Customer/agent relationships $ 32,177 $ 32,177 Tradename 3,440 3,440 Management agreement 3,232 3,232 Non-compete & employment agreements 4,235 4,235 Insurance licenses 1,300 1,300 Total gross carrying amount 44,384 44,384 Accumulated Amortization: Customer/agent relationships (26,515) (24,276) Tradename (2,847) (2,618) Management agreement (3,232) (3,232) Non-compete & employment agreements (4,235) (4,235) Total accumulated amortization (36,829) (34,361) Total net carrying amount $ 7,555 $ 10,023
Schedule of Estimated Aggregate Amortization Expense for Definite-Lived Intangible Assets	Insurance licenses are not amortized because they have an indefinite life. We amortize definite-lived intangible assets straight line over their respective lives. The estimated aggregate amortization expense for definite-lived intangible assets for the next five years is as follows (in thousands): 2019 $ 2,467 2020 $ 2,467 2021 $ 503 2022 $ 501 2023 $ 317
Schedule of Weighted Average Amortization Period for Definite Lived Intangible Assets by Major Cass	The weighted average amortization period for definite-lived intangible assets by major class is as follows: Years Tradename 15 Customer/ agent relationships 15 Management agreement 4 Non-compete agreements 5

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Other Assets [Abstract]
Schedule of Other Assets	The following table details our other assets as of December 31, 2018 and 2017 (in thousands): 2018 2017 Profit sharing commission receivable $ 246 $ 252 Credit Facility B issuance costs 106 122 Accrued investment income 4,175 4,859 Investment in unconsolidated trust subsidiaries 1,702 1,702 Fixed assets 6,154 6,726 Other assets 188 195 $ 12,571 $ 13,856

Reserves for Unpaid Losses and

Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2018
Reserves for Losses and Loss Adjustment Expenses
Activity in the Reserves for Unpaid Losses and Loss Adjustment Expense	Activity in the consolidated reserves for unpaid losses and LAE is summarized as follows (in thousands): 2018 2017 Balance at January 1 $ 527,100 $ 481,567 Less reinsurance recoverable 154,612 123,237 Net balance at January 1 372,488 358,330 Incurred related to: Current year 250,075 248,203 Prior years 5,953 40,105 Total incurred 256,028 288,308 Paid related to: Current year 90,640 92,873 Prior years 232,345 181,277 Total paid 322,985 274,150 Net balance at December 31 305,531 372,488 Plus reinsurance recoverable 221,716 154,612 Balance at December 31 $ 527,247 $ 527,100
Schedule Of Net Prior Years’ Loss Development On Each Reporting Segment	December 31, 2018 2017 Specialty Commercial Segment $ 16,457 $ 40,477 Standard Commercial Segment (8,993) (970) Personal Segment (1,511) 598 Corporate — — Total unfavorable net prior year development $ 5,953 $ 40,105
Schedule of Incurred and Paid Claims Development	The following tables also include IBNR reserves plus expected development on reported claims and the cumulative number of reported claims as of December 31, 2018 ($ in thousands): Specialty Commercial Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 60,950 $ 62,679 $ 61,196 $ 59,471 $ 59,831 $ 59,635 $ 59,988 $ 61,361 $ 61,761 $ 62,509 $ — 5,389 2010 74,187 78,089 75,695 77,593 78,003 77,972 77,631 78,253 77,647 231 5,071 2011 88,679 87,558 91,059 90,713 89,737 87,793 87,833 89,815 98 5,852 2012 106,371 111,253 111,841 115,709 116,320 117,925 117,469 (172) 7,424 2013 140,546 135,114 137,230 143,983 150,177 151,471 336 9,294 2014 144,996 133,464 138,842 144,728 152,025 (800) 10,242 2015 147,304 146,610 162,616 171,315 854 11,057 2016 151,494 157,836 164,570 5,527 11,750 2017 170,622 162,193 17,247 11,806 2018 170,926 87,288 9,702 Total $ 1,319,942 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 21,259 $ 34,411 $ 45,757 $ 53,135 $ 56,791 $ 57,641 $ 59,149 $ 60,785 $ 61,202 $ 61,397 2010 24,818 45,234 58,139 68,625 73,398 74,513 75,787 76,906 77,075 2011 27,454 53,509 71,697 80,004 83,787 84,936 85,845 87,200 2012 37,655 60,923 82,066 97,680 109,060 113,909 116,607 2013 40,475 76,366 101,725 126,025 139,759 148,706 2014 42,097 73,631 99,521 123,649 146,290 2015 39,515 74,906 125,514 159,707 2016 41,397 84,616 143,685 2017 45,477 109,220 2018 42,359 Total $ 1,092,246 All outstanding liabilities before 2009, net of reinsurance 693 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 228,389 Standard Commercial Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 44,719 $ 45,674 $ 46,772 $ 46,778 $ 45,970 $ 44,159 $ 43,851 $ 43,107 $ 42,168 $ 41,513 $ 139 2,644 2010 45,263 45,235 44,847 43,164 43,459 42,426 42,175 42,880 42,427 146 2,920 2011 60,236 56,489 55,156 49,268 47,266 47,423 46,841 45,244 478 3,583 2012 51,998 52,554 48,222 45,990 44,272 42,986 41,421 736 3,228 2013 55,482 57,528 56,703 53,174 52,076 49,039 596 3,924 2014 55,488 55,808 53,568 53,882 54,125 1,990 3,571 2015 49,571 49,857 50,053 47,277 1,873 3,181 2016 46,880 48,182 46,348 1,900 2,822 2017 41,393 43,169 8,000 2,556 2018 42,898 16,384 2,165 Total $ 453,461 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 15,242 $ 28,313 $ 32,075 $ 35,818 $ 38,316 $ 40,389 $ 40,575 $ 40,629 $ 40,835 $ 40,991 2010 21,302 28,342 30,957 33,428 37,166 39,115 39,706 40,937 42,063 2011 24,899 35,119 38,909 40,301 41,140 42,441 43,680 43,794 2012 23,445 32,203 34,789 37,191 38,526 40,408 40,646 2013 23,123 36,411 41,809 44,575 46,756 47,853 2014 24,255 37,122 41,514 45,779 48,395 2015 19,085 34,245 38,302 43,287 2016 21,508 32,006 38,778 2017 16,755 28,984 2018 19,233 Total $ 394,024 All outstanding liabilities before 2009, net of reinsurance 2,499 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 61,936 Personal Segment Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance As of December 31, Cumulative Number of For the Years Ended December 31, Reported Accident Unaudited IBNR Claims Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2018 2018 2009 $ 40,436 $ 42,092 $ 46,244 $ 47,977 $ 48,930 $ 49,694 $ 49,772 $ 49,891 $ 49,971 $ 50,005 $ — 21,056 2010 63,862 78,294 80,765 84,724 83,903 84,252 84,591 84,808 84,867 — 30,180 2011 75,746 77,652 87,810 86,757 86,804 86,948 86,853 87,199 — 31,615 2012 58,604 73,795 70,552 71,513 72,042 72,037 72,076 — 23,939 2013 55,706 59,132 60,100 60,211 60,379 60,328 — 23,471 2014 5,452 5,340 6,243 6,699 6,504 — 19,293 2015 23,104 25,682 25,307 25,136 120 23,370 2016 32,260 32,893 32,728 129 23,745 2017 23,342 21,968 208 16,748 2018 18,334 2,613 14,248 Total $ 459,145 Cumulative Paid Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance For the Years Ended December 31, Accident Unaudited Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 $ 23,306 $ 37,621 $ 44,689 $ 47,967 $ 49,287 $ 49,539 $ 49,704 $ 49,853 $ 49,957 $ 49,992 2010 38,643 67,755 75,199 82,624 83,511 84,111 84,556 84,717 84,768 2011 46,416 67,939 83,497 85,533 86,217 86,593 86,660 86,989 2012 37,860 64,278 68,849 70,807 71,995 72,055 72,094 2013 45,901 54,514 58,047 59,775 60,277 60,297 2014 2,515 4,418 5,631 6,428 6,566 2015 11,570 22,281 24,262 25,243 2016 21,669 30,646 32,260 2017 15,776 21,061 2018 11,137 Total $ 450,406 All outstanding liabilities before 2009, net of reinsurance 5 Liabilities for claims and claim adjustment expenses, net of reinsurance $ 8,743
Reconciliation of Claims Development to Liability for Unpaid Losses	The reconciliation of the net incurred and paid development tables to the liability for unpaid losses and LAE in our consolidated balance sheets is as follows (in thousands): 2018 2017 Net outstanding liabilities for losses and LAE Specialty Commercial Segment $ 228,389 $ 275,436 Standard Commercial Segment 61,936 78,119 Personal Segment 8,743 11,505 Liabilities for unpaid losses and allocated loss adjustment expenses, net of reinsurance 299,068 365,060 Reinsurance recoverable on unpaid losses and LAE Specialty Commercial Segment 198,802 137,975 Standard Commercial Segment 9,783 6,051 Personal Segment 13,131 10,586 Total reinsurance recoverable on unpaid losses and LAE 221,716 154,612 Unallocated loss adjustment expenses Specialty Commercial Segment 2,550 3,377 Standard Commercial Segment 2,958 3,153 Personal Segment 955 898 Total unallocated loss adjustment expenses 6,463 7,428 Total reserves for unpaid losses and loss adjustment expenses $ 527,247 $ 527,100
Annual percentage payout of incurred losses and ALAE	The following table provides supplementary unaudited information about the annual percentage payout of incurred losses and ALAE, net of reinsurance, as of December 31, 2018: Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (1) Unaudited Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Specialty Commercial Segment 27.1 % 24.0 % 20.5 % 13.6 % 7.9 % 2.7 % 1.7 % 1.8 % 0.4 % 0.3 % Standard Commercial Segment 45.3 % 25.2 % 9.2 % 6.9 % 4.8 % 3.7 % 1.3 % 1.0 % 1.4 % 1.2 % Personal Segment 53.7 % 28.0 % 10.2 % 5.4 % 1.5 % 0.3 % 0.3 % 0.3 % 0.1 % 0.2 % The average annual percentage payout is calculated from a paid losses and ALAE development pattern based on an actuarial analysis of the paid losses and ALAE movements by accident year for each disaggregation category. The paid losses and ALAE development pattern provides the expected percentage of ultimate losses and ALAE to be paid in each year. The pattern considers all accident years included in the claims development tables.

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2018
Reinsurance [Abstract]
Schedule of Reinsurance Ceded and Recoveries	The following table presents our gross and net premiums written and earned and reinsurance recoveries for the last two years (in thousands): 2018 2017 Premium Written : Direct $ 660,298 $ 601,780 Assumed 2,717 2,376 Ceded (299,217) (238,573) $ 363,798 $ 365,583 Premium Earned: Direct $ 639,437 $ 567,089 Assumed 2,159 1,680 Ceded (278,509) (207,732) $ 363,087 $ 361,037 Reinsurance recoveries $ 199,690 $ 144,948

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Information [Abstract]
Schedule of Segment Reporting, by Segment	The following is additional business segment information for the twelve months ended December 31, 2018 and 2017 (in thousands): 2018 2017 Revenues Specialty Commercial Segment $ 280,283 $ 277,946 Standard Commercial Segment 76,548 70,302 Personal Segment 38,623 40,462 Corporate (16,186) (3,189) Consolidated $ 379,268 $ 385,521 Depreciation and Amortization Expense Specialty Commercial Segment $ 2,986 $ 2,796 Standard Commercial Segment 390 294 Personal Segment 1,312 1,258 Corporate 453 367 Consolidated $ 5,141 $ 4,715 Interest Expense Specialty Commercial Segment $ — $ — Standard Commercial Segment — — Personal Segment — — Corporate 4,545 4,512 Consolidated $ 4,545 $ 4,512 Tax Expense (Benefit) Specialty Commercial Segment $ 5,521 $ (4,382) Standard Commercial Segment 2,511 3,849 Personal Segment 587 (676) Corporate (6,163) (3,810) Consolidated $ 2,456 $ (5,019) Pre-tax income (loss) Specialty Commercial Segment $ 28,780 $ 2,012 Standard Commercial Segment 13,090 2,440 Personal Segment 3,061 (3,058) Corporate (32,128) (17,966) Consolidated $ 12,803 $ (16,572)
Schedule of Segment Reporting Additional Information by Segment	The following is additional business segment information as of the following dates (in thousands): December 31 2018 2017 Assets: Specialty Commercial Segment $ 858,262 $ 810,133 Standard Commercial Segment 158,881 162,152 Personal Segment 226,431 232,441 Corporate 21,320 26,400 Consolidated $ 1,264,894 $ 1,231,126

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	A reconciliation of the numerators and denominators of the basic and diluted per share calculations is presented below (in thousands, except per share amounts): 2018 2017 Numerator for both basic and diluted earnings per share: Net income (loss) $ 10,347 $ (11,553) Denominator, basic shares 18,086 18,343 Effect of dilutive securities: Stock-based compensation awards 115 — Denominator, diluted shares 18,201 18,343 Basic earnings per share: $ 0.57 $ (0.63) Diluted earnings per share: $ 0.57 $ (0.63)

Share-based Payment Arrangeme_2

Share-based Payment Arrangements (Tables)	12 Months Ended
	Dec. 31, 2018
Share-based Payment Arrangements [Abstract]
Summary of the Status of Stock Options	Average Remaining Aggregate Number of Weighted Average Contractual Intrinsic Value Shares Exercise Price Term (Years) ($000) Outstanding at January 1, 2018 406,731 $ 7.85 Granted — — Exercised (36,500) $ 6.61 Forfeited or expired (126,074) $ 10.57 Outstanding at December 31, 2018 244,157 $ 6.63 0.4 $ 991 Exercisable at December 31, 2018 244,157 $ 6.63 0.4 $ 991
Schedule of Options, Grants in Period, Grant Date Intrinsic Value	The following table details the intrinsic value of options exercised, total cost of share-based payments charged against income before income tax benefit and the amount of related income tax benefit recognized in income for the periods indicated (in thousands): 2018 2017 Intrinsic value of options exercised $ 122 $ 163 Cost of share-based payments (non-cash) $ — $ — Income tax benefit of share-based payments recognized in income $ — $ —
Schedule of Nonvested Restricted Stock Units Activity	Number of Restricted Stock Units 2018 2017 Nonvested at January 1 385,779 296,574 Granted 144,059 138,712 Vested (8,198) (5,998) Forfeited (182,743) (43,509) Nonvested at December 31 338,897 385,779

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2018
Retirement Plans [Abstract]
Changes in Benefit Obligations, Components of Benefit Costs, Weighted-Average Assumptions, and Plan Assets	The following tables provide detail of the changes in benefit obligations, components of benefit costs, weighted-average assumptions, and plan assets for the retirement plan as of and for the twelve months ending December 31, 2018 and 2017 (in thousands) using a measurement date of December 31. 2018 2017 Assumptions (end of period): Discount rate used in determining benefit obligation 4.05 % 3.45 % Rate of compensation increase N/A N/A Reconciliation of funded status (end of period): Accumulated benefit obligation $ (11,687) $ (12,758) Projected benefit obligation $ (11,687) $ (12,758) Fair value of plan assets 9,669 11,153 Funded status $ (2,018) $ (1,605) Net actuarial loss (4,130) (3,554) Accumulated other comprehensive loss (4,130) (3,554) Prepaid pension cost 2,112 1,949 Net amount recognized as of December 31 $ (2,018) $ (1,605) Changes in projected benefit obligation: Benefit obligation as of beginning of period $ 12,758 $ 12,618 Interest cost 424 471 Actuarial liability (gain)/loss (628) 554 Benefits paid (867) (885) Benefit obligation as of end of period $ 11,687 $ 12,758 Change in plan assets: Fair value of plan assets as of beginning of period $ 11,153 $ 10,415 Actual return on plan assets (net of expenses) (617) 1,623 Employer contributions — — Benefits paid (867) (885) Fair value of plan assets as of end of period $ 9,669 $ 11,153 Net periodic pension cost: Service cost - benefits earned during the period $ — $ — Interest cost on projected benefit obligation 424 471 Expected return on plan assets (694) (646) Recognized actuarial loss 106 126 Net periodic pension cost $ (164) $ (49) Discount rate 3.45 % 3.88 % Expected return on plan assets 6.50 % 6.50 % Rate of compensation increase N/A N/A
Estimated Future Benefit Payments	Estimated future benefit payments by fiscal year (in thousands): 2019 $ 881 2020 $ 870 2021 $ 875 2022 $ 861 2023 $ 843 2024-2028 $ 3,941
Weighted-Average Asset Allocation for the Defined Benefit Cash Balance Plan	The following table shows the weighted-average asset allocation for the defined benefit cash balance plan held as of December 31, 2018 and 2017. December 31 2018 2017 Asset Category: Debt securities 36 % 32 % Equity securities 61 % 64 % Other 3 % 4 % Total 100 % 100 %
Schedule of Fair Value, Assets Measured on Recurring Basis	The following table presents, for each of the fair value hierarchy levels, our plan assets that are measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017 (in thousands). As of December 31, 2018 Quoted Prices in Active Other Observable Markets for Identical Inputs Unobservable Inputs Assets (Level 1) (Level 2) (Level 3) Total Debt securities $ — $ 3,468 $ — $ 3,468 Equity securities 5,913 — — 5,913 Total $ 5,913 $ 3,468 $ — $ 9,381 As of December 31, 2017 Quoted Prices in Active Markets for Identical Other Observable Unobservable Inputs Assets (Level 1) Inputs (Level 2) (Level 3) Total Debt securities $ — $ 3,586 $ — $ 3,586 Equity securities 7,156 — — 7,156 Total $ 7,156 $ 3,586 $ — $ 10,742

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Taxes [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The composition of deferred tax assets and liabilities and the related tax effects as of December 31, 2018 and 2017, are as follows (in thousands): 2018 2017 Deferred tax liabilities: Deferred policy acquisition costs $ (3,001) $ (3,361) Net unrealized holding gain on investments (1,087) (4,688) Agency relationship (22) (28) Intangible assets (2,179) (2,476) Goodwill (357) (357) Bond amortization (72) (111) Fixed assets (992) (860) Other (279) (303) Total deferred tax liabilities (7,989) (12,184) Deferred tax assets: Unearned premiums 6,931 6,901 Amortization of non-compete agreements 71 107 Pension liability 867 746 Net operating loss carry-forward 93 200 Unpaid loss and loss adjustment expense 2,505 3,422 Rent reserve 54 158 Bonus accrual 632 302 Investment impairments 1,446 1,956 Other 373 329 Total deferred tax assets 12,972 14,121 Deferred federal income taxes, net $ 4,983 $ 1,937
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the income tax provisions based on the applicable statutory tax rates of 21% and 35% to the provisions reflected in the consolidated financial statements for the years ended December 31, 2018 and 2017, respectively, is as follows (in thousands): 2018 2017 Computed expected income tax expense (benefit) at statutory tax rate $ 2,689 $ (5,800) Meals and entertainment 75 81 Tax exempt interest (435) (987) Dividends received deduction (94) (196) State taxes (net of federal benefit) 266 165 Tax law change — 1,276 True up bond amortization — 464 Other (45) (22) Income tax expense (benefit) $ 2,456 $ (5,019) Current income tax expense (benefit) $ 4,300 $ (3,444) Deferred tax benefit (1,844) (1,575) Income tax expense (benefit) $ 2,456 $ (5,019)
Summary of Operating Loss Carryforwards	The net operating losses will expire if unused, as follows (in thousands): Year 2022 $ — 2028 2 2029 25 2031 45 2032 77 2033 73 2034 59 2035 33 2036 50 2037 29 2038 49 $ 442

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2018
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Schedule of Cash, Cash Equivalents, Restricted Cash And Cash Equivalents [Table Text Block]	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet to the total of the same such amounts shown in the statement of cash flows: As of December 31, 2018 2017 Cash and cash equivalents $ 35,594 $ 64,982 Restricted cash 4,877 2,651 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 40,471 $ 67,633
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	The following table provides supplemental cash flow information for the years ended December 31, 2018 and 2017: December 31, 2018 2017 Interest paid $ 4,842 $ 4,506 Income taxes (recovered) paid $ (3,236) $ 137 Supplemental schedule of non-cash investing activities: Receivable for securities related to investment disposals $ 3,369 $ 5,235 Payable for securities related to investment purchases $ 698 $ 7,488

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments under non-cancelable operating leases as of December 31, 2018 are as follows (in thousands): Year 2019 $ 2,269 2020 2,491 2021 2,172 2022 2,171 2023 1,885 2024 and thereafter 15,266 Total minimum lease payments $ 26,254

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income Balances (Tables)	12 Months Ended
	Dec. 31, 2018
Changes in Accumulated Other Comprehensive Income Balances [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive income balances as of December 31, 2018 and 2017 were as follows (in thousands): Accumulated Other Pension Unrealized Comprehensive Liability Gains (Loss) Income (Loss) Balance at January 1, 2017 $ (2,666) $ 13,037 $ 10,371 Other comprehensive income: Change in net actuarial gain 548 — 548 Tax effect on change in net actuarial gain (192) — (192) Unrealized holding gains arising during the period — 9,117 9,117 Tax effect on unrealized gains arising during the period — (3,191) (3,191) Reclassification adjustment for gains included in net realized gains — (6,799) (6,799) Tax effect on reclassification adjustment for gains included in income tax expense — 2,380 2,380 Other comprehensive income, net of tax 356 1,507 1,863 Balance at December 31, 2017 $ (2,310) $ 14,544 $ 12,234 Other comprehensive income: Change in net actuarial gain (576) — (576) Tax effect on change in net actuarial gain 121 — 121 Unrealized holding losses arising during the period — (3,343) (3,343) Tax effect on unrealized losses arising during the period — 702 702 Reclassification adjustment for gains included in net realized gains — (1,803) (1,803) Tax effect on reclassification adjustment for gains included in income tax expense — 379 379 Other comprehensive loss, net of tax (455) (4,065) (4,520) Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018 (569) 3,188 2,619 Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018 — (16,993) (16,993) Balance at December 31, 2018 $ (3,334) $ (3,326) $ (6,660)

Accounting Policies (Narrative)

Accounting Policies (Narrative) (Details) $ in Millions	Jan. 01, 2018USD ($)	Aug. 23, 2007USD ($)	Jun. 21, 2005USD ($)	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)
Number of reportable segments | segment				3
Deferred policy acquisition costs, additions				$ 35.7	$ 31.1
Deferred policy acquisition costs, amortized				37.4	34.3
Deferred policy acquisition cost, (amortization) deferrals				(1.7)	(3.2)
Property and equipment, gross				$ 27	24.9
Property and equipment, depreciation method				straight-line method
Depreciation				$ 2.7	2.2
Property and equipment, accumulated depreciation				20	17.3
Policy fees				$ 6.5	$ 7.6
Corporate tax rate				21.00%	35.00%
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018	$ 2.6
Charge from revaluation of deferred tax balances as a result of Tax Cuts and Jobs Act					$ 1.3
Hallmark Statutory Trust I [Member]
Long-term debt, gross			$ 30.9
Proceeds from issuance of trust preferred securities			$ 30
Hallmark Statutory Trust I I [Member]
Long-term debt, gross		$ 25.8
Proceeds from issuance of trust preferred securities		$ 25
Facility B Revolving Credit Facility [Member]
Credit facility, carried value				$ 30
Credit facility, fair value					$ 30.2
Minimum [Member]
Property and equipment, estimated useful lives				3 years	3 years
Maximum [Member]
Property and equipment, estimated useful lives				10 years	10 years
Accounting Standards Update 2016-01 [Member]
Net after-tax unrealized gains on equity investments				$ 17
Subordinated Debt [Member]
Long-term debt, gross				55.8	$ 55.8
Trust Preferred Securities, fair value				$ 45.6	$ 43.7

Investments (Narrative) (Detail

Investments (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Investments exceeding 10% of stockholder's equity	0	0
Gross realized gains on investments	$ 2,500	$ 8,000
Gross realized gains on sale of investments	1,500	7,200
Gross realized losses on investments	700	1,200
Gross realized losses on sale of investments	0	0
Proceeds from sale of available-for-sale securities	17,700	29,100
Other-than-temporary impairments	0	5,877
Gain (Loss) On Investments, Excluding Other Than Temporary Impairments	1,803	6,799
Securities pledged for the benefit of various state insurance departments and reinsurers	29,500	26,200
Fair value of impaired debt securities	$ 6,100	$ 4,400
Equity Securities [Member]
Number of securities with unrealized loss	20
Number of securities with unrealized loss, less than 12 months	17	4
Number of securities with unrealized loss, greater than 12 months	3
Debt Securities [Member]
Gross realized losses on investments	$ 100
Number of securities with unrealized loss	328	224
Number of securities with unrealized loss, less than 12 months	221	199
Number of securities with unrealized loss, greater than 12 months	107	25

Investments (Amortized Cost and

Investments (Amortized Cost and Estimated Fair Value of Investments in Debt and Equity Securities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	$ 622,740	$ 639,015
Investments, Gross Unrealized Gains	24,959	25,734
Investments, Gross Unrealized Losses	(19,785)	(3,416)
Total investments	627,914	661,333
Other Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	3,763	3,763
Investments, Gross Unrealized Gains		61
Investments, Gross Unrealized Losses	(2,615)
Total investments	1,148	3,824
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	68,709	30,253
Investments, Gross Unrealized Gains	20,693	23,014
Investments, Gross Unrealized Losses	(8,506)	(1,504)
Total investments	80,896	51,763
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	550,268	604,999
Investments, Gross Unrealized Gains	4,266	2,659
Investments, Gross Unrealized Losses	(8,664)	(1,912)
Total investments	545,870	605,746
U.S. Treasury securities and obligations of U.S. Government [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	48,609	50,088
Investments, Gross Unrealized Gains	5	7
Investments, Gross Unrealized Losses	(508)	(148)
Total investments	48,106	49,947
Corporate Bonds [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	243,314	278,611
Investments, Gross Unrealized Gains	440	1,204
Investments, Gross Unrealized Losses	(1,602)	(742)
Total investments	242,152	279,073
Collateralized Corporate Bank Loans [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	131,779	125,536
Investments, Gross Unrealized Gains	19	702
Investments, Gross Unrealized Losses	(5,270)	(301)
Total investments	126,528	125,937
Municipal Bonds [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	112,574	134,052
Investments, Gross Unrealized Gains	3,791	709
Investments, Gross Unrealized Losses	(838)	(505)
Total investments	115,527	134,256
Collateralized Mortgage Backed Securities [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Amortized Cost	13,992	16,712
Investments, Gross Unrealized Gains	11	37
Investments, Gross Unrealized Losses	(446)	(216)
Total investments	13,557	16,533
Equity Securities All Others [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments, Gross Unrealized Losses	$ (2,676)	$ (1,127)

Investments (Major Categories o

Investments (Major Categories of Investment Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Investment income	$ 19,203	$ 19,966
Investment expenses	(971)	(1,092)
Investment income, net of expenses	18,232	18,874
U.S. Treasury securities and obligations of U.S. Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	902	566
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	6,696	7,839
Collateralized Corporate Bank Loans [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	5,658	4,302
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	3,757	4,633
Collateralized Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	521	1,049
Cash and Cash Equivalents [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income		706
Investment loss	518
Parent Company [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income, net of expenses	290	210
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment income	$ 1,151	$ 871

Investments (Major Categories_2

Investments (Major Categories of Net Investment Gains (Losses) on Investments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	$ 1,803	$ 6,799
Unrealized gain on investment	24,959	25,734
Unrealized loss on investment	19,785	3,416
Other-than-temporary impairments	0	(5,877)
Gain (Loss) on Investments, Total	(10,195)	(205)
Other Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized gain on investment		61
Unrealized loss on investment	2,615
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	(83)	(468)
Collateralized Corporate Bank Loans [Member]
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	90	79
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	1,435	195
Collateralized Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	2	(9)
Equity Securities All Others [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss on investment	2,676	1,127
Equity Securities [Member] | Other Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss on investment	9,322
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gain on investments	359	7,002
Unrealized gain on investment	20,693	23,014
Unrealized loss on investment	$ 8,506	$ 1,504

Investments (Summary of Gross U

Investments (Summary of Gross Unrealized Loss Position) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	$ 309,764	$ 284,888
Unrealized Losses 12 months or less	(12,496)	(3,162)
Fair Value Longer than 12 months	169,544	17,224
Unrealized Losses Longer than 12 months	(7,289)	(254)
Fair Value Total	479,308	302,112
Unrealized Losses Total	(19,785)	(3,416)
Other Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	1,148
Unrealized Losses 12 months or less	(2,615)
Fair Value Longer than 12 months
Unrealized Losses Longer than 12 months
Fair Value Total	1,148
Unrealized Losses Total	(2,615)
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	277,635	276,513
Unrealized Losses 12 months or less	(6,182)	(1,658)
Fair Value Longer than 12 months	165,069	17,224
Unrealized Losses Longer than 12 months	(2,482)	(254)
Fair Value Total	442,704	293,737
Unrealized Losses Total	(8,664)	(1,912)
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	30,981	8,375
Unrealized Losses 12 months or less	(3,699)	(1,504)
Fair Value Longer than 12 months	4,475
Unrealized Losses Longer than 12 months	(4,807)
Fair Value Total	35,456	8,375
Unrealized Losses Total	(8,506)	(1,504)
U.S. Treasury securities and obligations of U.S. Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	18,902	28,825
Unrealized Losses 12 months or less	(181)	(145)
Fair Value Longer than 12 months	28,201	1,997
Unrealized Losses Longer than 12 months	(327)	(3)
Fair Value Total	47,103	30,822
Unrealized Losses Total	(508)	(148)
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	117,450	176,061
Unrealized Losses 12 months or less	(907)	(736)
Fair Value Longer than 12 months	100,060	2,378
Unrealized Losses Longer than 12 months	(695)	(6)
Fair Value Total	217,510	178,439
Unrealized Losses Total	(1,602)	(742)
Collateralized Corporate Bank Loans [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	120,410	30,008
Unrealized Losses 12 months or less	(4,938)	(280)
Fair Value Longer than 12 months	4,931	2,517
Unrealized Losses Longer than 12 months	(332)	(21)
Fair Value Total	125,341	32,525
Unrealized Losses Total	(5,270)	(301)
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	14,281	35,200
Unrealized Losses 12 months or less	(96)	(370)
Fair Value Longer than 12 months	25,891	8,917
Unrealized Losses Longer than 12 months	(742)	(135)
Fair Value Total	40,172	44,117
Unrealized Losses Total	(838)	(505)
Collateralized Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value 12 months or less	6,592	6,419
Unrealized Losses 12 months or less	(60)	(127)
Fair Value Longer than 12 months	5,986	1,415
Unrealized Losses Longer than 12 months	(386)	(89)
Fair Value Total	12,578	7,834
Unrealized Losses Total	$ (446)	$ (216)

Investments (Carrying Value of

Investments (Carrying Value of Other Invested Assets Portfolio) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Investments [Abstract]
Equity warrant	$ 1,148	$ 3,824
Other investments	$ 1,148	$ 3,824

Investments (Schedule of Amorti

Investments (Schedule of Amortized Cost and Estimated Fair Value of Debt Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost, Due in one year or less	$ 119,771
Amortized Cost, Due after one year through five years	284,992
Amortized Cost, Due after five years through ten years	105,656
Amortized Cost, Amortized Cost Due after ten years	25,857
Debt Maturities, Amortized Cost	550,268	$ 604,999
Fair Value, Due in one year or less	120,127
Fair Value, Due after one year through five years	284,947
Fair Value, Due after five years through ten years	102,047
Fair Value, Due after ten years	25,192
Debt securities	545,870	605,746
Collateralized Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Maturities, Amortized Cost	13,992
Debt securities	13,557	16,533
Parent Company [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt Maturities, Amortized Cost	150	150
Debt securities	$ 786	$ 150

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017
Fair Value [Abstract]
Available-For-Sale Securities, Number Of Debt Securities With Unobservable Inputs	1	1
Available-For-Sale Securities, Number Of Equity Securities With Unobservable Inputs		1
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	$ 0
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Instruments Classified In Shareholders' Equity, Number Of Transfers Out Of Level 3	0
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Number Of Transfers Out Of Level 3		1

Fair Value (Fair Value of Asset

Fair Value (Fair Value of Assets Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 545,870	$ 605,746
Equity securities	80,896	51,763
Other investments	1,148	3,824
Debt and equity securities	627,914	661,333
U.S. Treasury securities and obligations of U.S. Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	48,106	49,947
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	242,152	279,073
Collateralized Corporate Bank Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	126,528	125,937
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	115,527	134,256
Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	13,557	16,533
Parent Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	786	150
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	80,896	51,142
Other investments	1,148	3,824
Debt and equity securities	82,044	54,966
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	545,579	602,610
Debt and equity securities	545,579	602,610
Fair Value, Inputs, Level 2 [Member] | U.S. Treasury securities and obligations of U.S. Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	48,106	49,947
Fair Value, Inputs, Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	241,861	278,760
Fair Value, Inputs, Level 2 [Member] | Collateralized Corporate Bank Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	126,528	125,937
Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	115,527	131,433
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	13,557	16,533
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	291	3,136
Equity securities		621
Debt and equity securities	291	3,757
Fair Value, Inputs, Level 3 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 291	313
Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities		$ 2,823

Fair Value (Fair Value, Assets

Fair Value (Fair Value, Assets Measured on Recurring Basis Using Significant Unobservable Inputs (Level 3)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value [Abstract]
Beginning balance as of January 1	$ 3,757	$ 5,945
Settlements	(2,925)	(579)
Purchases		775
Issuances
Total realized/unrealized gains included in net income	80	616
Transfers into Level 3
Transfers out of Level 3	(621)	(3,000)
Ending balance as of December 31	$ 291	$ 3,757

Acquisitions, Goodwill and In_3

Acquisitions, Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 44,695	$ 44,695
Impairment of goodwill	$ 0	$ 0
Weighted average period to amortize acquired intangible assets	13 years
Standard Commercial P & C Business Unit [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 2,100
Specialty Commercial Segment Member
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	17,400
MGA Commercial Products [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	19,900
Excess and Umbrella Business Unit [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	7,700
General Aviation and Satellite Component [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	9,700
Personal Lines Business Unit [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 5,300

Acquisitions, Goodwill and In_4

Acquisitions, Goodwill and Intangible Assets (Schedule of Acquired Intangible Assets by Major Category) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	$ 44,384	$ 44,384
Total accumulated amortization	(36,829)	(34,361)
Total net carrying amount	7,555	10,023
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	32,177	32,177
Total accumulated amortization	(26,515)	(24,276)
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	3,440	3,440
Total accumulated amortization	(2,847)	(2,618)
Management Agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	3,232	3,232
Total accumulated amortization	(3,232)	(3,232)
Non-compete & Employment Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	4,235	4,235
Total accumulated amortization	(4,235)	(4,235)
Insurance Licenses [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Total gross carrying amount	$ 1,300	$ 1,300

Acquisitions, Goodwill and In_5

Acquisitions, Goodwill and Intangible Assets (Schedule of Estimated Aggregate Amortization Expense for Finite-Lived Intangible Assets) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Acquisitions, Goodwill and Intangible Assets [Abstract]
2019	$ 2,467
2020	2,467
2021	503
2022	501
2023	$ 317

Acquisitions, Goodwill and In_6

Acquisitions, Goodwill and Intangible Assets (Schedule of Weighted Average Amortization Period for Definite Lived Intangible Assets by Major Class) (Details)	12 Months Ended
	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Weighted average period to amortize acquired intangible assets	13 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average period to amortize acquired intangible assets	15 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average period to amortize acquired intangible assets	15 years
Management Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average period to amortize acquired intangible assets	4 years
Non-compete & Employment Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average period to amortize acquired intangible assets	5 years

Other Assets (Schedule of Other

Other Assets (Schedule of Other Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Other Assets [Abstract]
Profit sharing commission receivable	$ 246	$ 252
Credit Facility B issuance costs	106	122
Accrued investment income	4,175	4,859
Investment in unconsolidated trust subsidiaries	1,702	1,702
Fixed assets	6,154	6,726
Other assets	188	195
Other Assets, Total	$ 12,571	$ 13,856

Reserves for Unpaid Losses an_2

Reserves for Unpaid Losses and Loss Adjustment Expenses (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	$ 5,953	$ 40,105
Prior years	$ 5,953	40,105
Number of Reportable Segments | segment	3
Specialty Commercial Segment Member
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	$ 16,457	40,477
Standard Commercial Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	(8,993)	(970)
Personal Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	$ (1,511)	$ 598

Reserves for Unpaid Losses an_3

Reserves for Unpaid Losses and Loss Adjustment Expenses (Activity in the Reserves for Unpaid Losses and Loss Adjustment Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reserves for Losses and Loss Adjustment Expenses
Balance at January 1	$ 527,100	$ 481,567
Less reinsurance recoverable	154,612	123,237
Net Balance at January 1	372,488	358,330
Incurred related to:
Current year	250,075	248,203
Prior years	5,953	40,105
Total incurred	256,028	288,308
Paid related to:
Current year	90,640	92,873
Prior years	232,345	181,277
Total paid	322,985	274,150
Net Balance at December 31	305,531	372,488
Plus reinsurance recoverable	221,716	154,612
Balance at December 31	$ 527,247	$ 527,100

Reserves for Unpaid Losses an_4

Reserves for Unpaid Losses and Loss Adjustment Expenses (Impact from Unfavorable Prior Years' Loss Development by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	$ 5,953	$ 40,105
Specialty Commercial Segment Member
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	16,457	40,477
Standard Commercial Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	(8,993)	(970)
Personal Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unfavorable (Favorable) Adjustment To Prior Years Liability For Unpaid Claims And Claims Adjustment Expense	$ (1,511)	$ 598

Reserves for Unpaid Losses an_5

Reserves for Unpaid Losses and Loss Adjustment Expenses (Incurred and Paid Claims Development - Specialty Commercial Segment) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)claim	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 5,953	$ 40,105
Incurred claims and claim adjustment expenses related to current year	250,075	248,203
Total incurred	256,028	288,308
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	232,345	181,277
Paid claims and allocated claim adjustment expenses related to current year	90,640	92,873
Total paid	322,985	274,150
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	305,531	372,488	$ 358,330
Specialty Commercial Segment Member
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Total incurred	1,319,942
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Total paid	1,092,246
All outstanding liabilities before 2009, net of reinsurance	693
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	228,389
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2009 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 62,509	61,761	61,361	$ 59,988	$ 59,635	$ 59,831	$ 59,471	$ 61,196	$ 62,679	$ 60,950
Cumulative number of reported claims | claim	5,389
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 61,397	61,202	60,785	59,149	57,641	56,791	53,135	45,757	34,411	$ 21,259
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2010 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	77,647	78,253	77,631	77,972	78,003	77,593	75,695	78,089	74,187
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 231
Cumulative number of reported claims | claim	5,071
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 77,075	76,906	75,787	74,513	73,398	68,625	58,139	45,234	$ 24,818
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2011 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	89,815	87,833	87,793	89,737	90,713	91,059	87,558	88,679
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 98
Cumulative number of reported claims | claim	5,852
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 87,200	85,845	84,936	83,787	80,004	71,697	53,509	$ 27,454
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2012 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	117,469	117,925	116,320	115,709	111,841	111,253	106,371
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ (172)
Cumulative number of reported claims | claim	7,424
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 116,607	113,909	109,060	97,680	82,066	60,923	$ 37,655
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2013 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	151,471	150,177	143,983	137,230	135,114	140,546
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 336
Cumulative number of reported claims | claim	9,294
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 148,706	139,759	126,025	101,725	76,366	$ 40,475
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2014 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	152,025	144,728	138,842	133,464	144,996
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ (800)
Cumulative number of reported claims | claim	10,242
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 146,290	123,649	99,521	73,631	$ 42,097
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized in 2015 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	171,315	162,616	146,610	147,304
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 854
Cumulative number of reported claims | claim	11,057
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 159,707	125,514	74,906	$ 39,515
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized in 2016 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	164,570	157,836	151,494
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 5,527
Cumulative number of reported claims | claim	11,750
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 143,685	84,616	$ 41,397
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized in 2017 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	162,193	170,622
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 17,247
Cumulative number of reported claims | claim	11,806
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 109,220	$ 45,477
Paid claims and allocated claim adjustment expenses related to current year	42,359
Specialty Commercial Segment Member | Loss Adjustment Expenses Recognized In 2018 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to current year	170,926
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 87,288
Cumulative number of reported claims | claim	9,702

Reserves for Unpaid Losses an_6

Reserves for Unpaid Losses and Loss Adjustment Expenses (Incurred and Paid Claims Development - Standard Commercial Segment) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)claim	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 5,953	$ 40,105
Incurred claims and claim adjustment expenses related to current year	250,075	248,203
Total incurred	256,028	288,308
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	232,345	181,277
Paid claims and allocated claim adjustment expenses related to current year	90,640	92,873
Total paid	322,985	274,150
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	305,531	372,488	$ 358,330
Standard Commercial Segment [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Total incurred	453,461
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Total paid	394,024
All outstanding liabilities before 2009, net of reinsurance	2,499
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	61,936
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2009 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	41,513	42,168	43,107	$ 43,851	$ 44,159	$ 45,970	$ 46,778	$ 46,772	$ 45,674	$ 44,719
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 139
Cumulative number of reported claims | claim	2,644
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 40,991	40,835	40,629	40,575	40,389	38,316	35,818	32,075	28,313	$ 15,242
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2010 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	42,427	42,880	42,175	42,426	43,459	43,164	44,847	45,235	45,263
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 146
Cumulative number of reported claims | claim	2,920
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 42,063	40,937	39,706	39,115	37,166	33,428	30,957	28,342	$ 21,302
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2011 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	45,244	46,841	47,423	47,266	49,268	55,156	56,489	60,236
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 478
Cumulative number of reported claims | claim	3,583
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 43,794	43,680	42,441	41,140	40,301	38,909	35,119	$ 24,899
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2012 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	41,421	42,986	44,272	45,990	48,222	52,554	51,998
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 736
Cumulative number of reported claims | claim	3,228
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 40,646	40,408	38,526	37,191	34,789	32,203	$ 23,445
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2013 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	49,039	52,076	53,174	56,703	57,528	55,482
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 596
Cumulative number of reported claims | claim	3,924
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 47,853	46,756	44,575	41,809	36,411	$ 23,123
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2014 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	54,125	53,882	53,568	55,808	55,488
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 1,990
Cumulative number of reported claims | claim	3,571
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 48,395	45,779	41,514	37,122	$ 24,255
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized in 2015 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	47,277	50,053	49,857	49,571
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 1,873
Cumulative number of reported claims | claim	3,181
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 43,287	38,302	34,245	$ 19,085
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized in 2016 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	46,348	48,182	46,880
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 1,900
Cumulative number of reported claims | claim	2,822
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 38,778	32,006	$ 21,508
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized in 2017 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	43,169	41,393
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 8,000
Cumulative number of reported claims | claim	2,556
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 28,984	$ 16,755
Standard Commercial Segment [Member] | Loss Adjustment Expenses Recognized In 2018 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to current year	42,898
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 16,384
Cumulative number of reported claims | claim	2,165
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to current year	$ 19,233

Reserves for Unpaid Losses an_7

Reserves for Unpaid Losses and Loss Adjustment Expenses (Incurred and Paid Claims Development - Personal Segment) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)claim	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 5,953	$ 40,105
Incurred claims and claim adjustment expenses related to current year	250,075	248,203
Total incurred	256,028	288,308
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	232,345	181,277
Paid claims and allocated claim adjustment expenses related to current year	90,640	92,873
Total paid	322,985	274,150
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	305,531	372,488	$ 358,330
Personal Segment [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Total incurred	459,145
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Total paid	450,406
All outstanding liabilities before 2009, net of reinsurance	5
Liabilities for unpaid claims and claim adjustment expenses, net of reinsurance	8,743
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2009 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 50,005	49,971	49,891	$ 49,772	$ 49,694	$ 48,930	$ 47,977	$ 46,244	$ 42,092	$ 40,436
Cumulative number of reported claims | claim	21,056
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 49,992	49,957	49,853	49,704	49,539	49,287	47,967	44,689	37,621	$ 23,306
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2010 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 84,867	84,808	84,591	84,252	83,903	84,724	80,765	78,294	63,862
Cumulative number of reported claims | claim	30,180
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 84,768	84,717	84,556	84,111	83,511	82,624	75,199	67,755	$ 38,643
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2011 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 87,199	86,853	86,948	86,804	86,757	87,810	77,652	75,746
Cumulative number of reported claims | claim	31,615
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 86,989	86,660	86,593	86,217	85,533	83,497	67,939	$ 46,416
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2012 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 72,076	72,037	72,042	71,513	70,552	73,795	58,604
Cumulative number of reported claims | claim	23,939
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 72,094	72,055	71,995	70,807	68,849	64,278	$ 37,860
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2013 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 60,328	60,379	60,211	60,100	59,132	55,706
Cumulative number of reported claims | claim	23,471
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 60,297	60,277	59,775	58,047	54,514	$ 45,901
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2014 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	$ 6,504	6,699	6,243	5,340	5,452
Cumulative number of reported claims | claim	19,293
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 6,566	6,428	5,631	4,418	$ 2,515
Personal Segment [Member] | Loss Adjustment Expenses Recognized in 2015 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	25,136	25,307	25,682	23,104
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 120
Cumulative number of reported claims | claim	23,370
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 25,243	24,262	22,281	$ 11,570
Personal Segment [Member] | Loss Adjustment Expenses Recognized in 2016 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	32,728	32,893	32,260
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 129
Cumulative number of reported claims | claim	23,745
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 32,260	30,646	$ 21,669
Personal Segment [Member] | Loss Adjustment Expenses Recognized in 2017 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	21,968	23,342
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 208
Cumulative number of reported claims | claim	16,748
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to prior years	$ 21,061	$ 15,776
Personal Segment [Member] | Loss Adjustment Expenses Recognized In 2018 [Member]
Liability For Unpaid Claims and Claims Adjustment Expense, Incurred Claims [Abstract]
Incurred claims and claim adjustment expenses related to prior years	18,334
Total of incurred-but-not-reported liabilities plus expected development on reported claims	$ 2,613
Cumulative number of reported claims | claim	14,248
Liability For Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Paid claims and allocated claim adjustment expenses related to current year	$ 11,137

Reserves for Unpaid Losses an_8

Reserves for Unpaid Losses and Loss Adjustment Expenses (Reconciliation of Incurred and Paid Claims to Liability for Unpaid Losses and LAE) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Liabilities for unpaid losses and allocated loss adjustment expense, net of reinsurance	$ 299,068	$ 365,060
Reinsurance recoverable on unpaid claims	221,716	154,612
Unallocated claims adjustment expenses	6,463	7,428
Total gross liability for unpaid claims and claim adjustment expenses	527,247	527,100	$ 481,567
Specialty Commercial Segment Member
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Liabilities for unpaid losses and allocated loss adjustment expense, net of reinsurance	228,389	275,436
Reinsurance recoverable on unpaid claims	198,802	137,975
Unallocated claims adjustment expenses	2,550	3,377
Standard Commercial Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Liabilities for unpaid losses and allocated loss adjustment expense, net of reinsurance	61,936	78,119
Reinsurance recoverable on unpaid claims	9,783	6,051
Unallocated claims adjustment expenses	2,958	3,153
Personal Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Liabilities for unpaid losses and allocated loss adjustment expense, net of reinsurance	8,743	11,505
Reinsurance recoverable on unpaid claims	13,131	10,586
Unallocated claims adjustment expenses	$ 955	$ 898

Reserves for Unpaid Losses an_9

Reserves for Unpaid Losses and Loss Adjustment Expenses (Average Annual Percentage Payout of Incurred Claims) (Details)	Dec. 31, 2018
Specialty Commercial Segment Member
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Average annual percentage payout of incurred claims, year one	27.10%
Average annual percentage payout of incurred claims, year two	24.00%
Average annual percentage payout of incurred claims, year three	20.50%
Average annual percentage payout of incurred claims, year four	13.60%
Average annual percentage payout of incurred claims, year five	7.90%
Average annual percentage payout of incurred claims, year six	2.70%
Average annual percentage payout of incurred claims, year seven	1.70%
Average annual percentage payout of incurred claims, year eight	1.80%
Average annual percentage payout of incurred claims, year nine	0.40%
Average annual percentage payout of incurred claims, year ten	0.30%
Standard Commercial Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Average annual percentage payout of incurred claims, year one	45.30%
Average annual percentage payout of incurred claims, year two	25.20%
Average annual percentage payout of incurred claims, year three	9.20%
Average annual percentage payout of incurred claims, year four	6.90%
Average annual percentage payout of incurred claims, year five	4.80%
Average annual percentage payout of incurred claims, year six	3.70%
Average annual percentage payout of incurred claims, year seven	1.30%
Average annual percentage payout of incurred claims, year eight	1.00%
Average annual percentage payout of incurred claims, year nine	1.40%
Average annual percentage payout of incurred claims, year ten	1.20%
Personal Segment [Member]
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Average annual percentage payout of incurred claims, year one	53.70%
Average annual percentage payout of incurred claims, year two	28.00%
Average annual percentage payout of incurred claims, year three	10.20%
Average annual percentage payout of incurred claims, year four	5.40%
Average annual percentage payout of incurred claims, year five	1.50%
Average annual percentage payout of incurred claims, year six	0.30%
Average annual percentage payout of incurred claims, year seven	0.30%
Average annual percentage payout of incurred claims, year eight	0.30%
Average annual percentage payout of incurred claims, year nine	0.10%
Average annual percentage payout of incurred claims, year ten	0.20%

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Reinsurance [Abstract]
Paid loss recoverable	$ 29.7	$ 28.2

Reinsurance (Schedule of Reinsu

Reinsurance (Schedule of Reinsurance Ceded and Recoveries) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Premium Written :
Direct	$ 660,298	$ 601,780
Assumed	2,717	2,376
Ceded premiums written	(299,217)	(238,573)
Net premiums written	363,798	365,583
Premium Earned:
Direct	639,437	567,089
Assumed	2,159	1,680
Ceded	(278,509)	(207,732)
Premiums Earned, Net, Property and Casualty	363,087	361,037
Reinsurance recoveries	$ 199,690	$ 144,948

Revolving Credit Facility and_2

Revolving Credit Facility and Notes Payable (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)
Facility A Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 15,000,000
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Line of credit facility, amount outstanding	$ 0
Facility A Revolving Credit Sub-Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,000,000
Line of credit facility, unused capacity, commitment fee percentage	1.00%
Facility B Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 30,000,000
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Line of credit facility, amount outstanding	$ 30,000,000
London Interbank Offered Rate (LIBOR) [Member] | Facility A Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate During Period	2.50%
London Interbank Offered Rate (LIBOR) [Member] | Facility B Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	3.00%

Subordinated Debt Securities (N

Subordinated Debt Securities (Narrative) (Details) - USD ($) $ in Millions	Jun. 16, 2015	Aug. 23, 2007	Jul. 21, 2005	Jun. 21, 2005	Jun. 21, 2005	Dec. 31, 2018
Hallmark Statutory Trust I [Member]
Subordinated Borrowing [Line Items]
Long-term debt, gross				$ 30.9	$ 30.9
Proceeds from issuance of trust preferred securities					30
Hallmark Statutory Trust I [Member] | Subordinated Debt Due In 2035 Member
Subordinated Borrowing [Line Items]
Long-term debt, gross				30.9	30.9	$ 30.9
Proceeds from issuance of trust preferred securities				$ 30
Proceeds from issuance of common stock					$ 0.9
Subordinated borrowing, interest rate			7.725%			6.04%
Debt instrument interest rate fixed to floating date					Jun. 15, 2015
Debt Instrument, Maturity Date					Jun. 15, 2015
Debt instrument, description of variable rate basis						interest adjusts quarterly to the three-month LIBOR rate plus 3.25 percentage points
Hallmark Statutory Trust I I [Member]
Subordinated Borrowing [Line Items]
Long-term debt, gross		$ 25.8
Proceeds from issuance of trust preferred securities		25
Hallmark Statutory Trust I I [Member] | Subordinated Debt Due In 2037 Member
Subordinated Borrowing [Line Items]
Long-term debt, gross		25.8				$ 25.8
Proceeds from issuance of trust preferred securities		25
Proceeds from issuance of common stock		$ 0.8
Subordinated borrowing, interest rate		8.28%				5.69%
Debt instrument interest rate fixed to floating date		Sep. 15, 2017
Debt Instrument, Maturity Date		Sep. 15, 2037
Debt instrument, description of variable rate basis						three-month LIBOR rate plus 2.90 percentage points
London Interbank Offered Rate (LIBOR) [Member] | Hallmark Statutory Trust I [Member] | Subordinated Debt Due In 2035 Member
Subordinated Borrowing [Line Items]
Debt instrument, basis spread on variable rate	3.25%
London Interbank Offered Rate (LIBOR) [Member] | Hallmark Statutory Trust I I [Member] | Subordinated Debt Due In 2037 Member
Subordinated Borrowing [Line Items]
Subordinated borrowing, interest rate						2.90%

Segment Information (Narrative)

Segment Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018
American Hallmark Insurance Company [Member]
Net premiums written, percentage	34.00%
Hallmark Insurance Company (Payer) [Member]
Net premiums written, percentage	32.00%
Hallmark Specialty Insurance Company [Member]
Net premiums written, percentage	24.00%
Hallmark National Insurance Company [Member]
Net premiums written, percentage	10.00%

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting, by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues [Abstract]
Revenues	$ 379,268	$ 385,521
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	5,141	4,715
Interest Expense [Abstract]
Interest Expense	4,545	4,512
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	2,456	(5,019)
Pre-tax income (loss) [Abstract]
Consolidated pre-tax income (loss), net of non-controlling interest	12,803	(16,572)
Specialty Commercial Segment Member
Revenues [Abstract]
Revenues	280,283	277,946
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	2,986	2,796
Interest Expense [Abstract]
Interest Expense
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	5,521	(4,382)
Pre-tax income (loss) [Abstract]
Consolidated pre-tax income (loss), net of non-controlling interest	28,780	2,012
Standard Commercial Segment [Member]
Revenues [Abstract]
Revenues	76,548	70,302
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	390	294
Interest Expense [Abstract]
Interest Expense
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	2,511	3,849
Pre-tax income (loss) [Abstract]
Consolidated pre-tax income (loss), net of non-controlling interest	13,090	2,440
Personal Segment [Member]
Revenues [Abstract]
Revenues	38,623	40,462
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	1,312	1,258
Interest Expense [Abstract]
Interest Expense
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	587	(676)
Pre-tax income (loss) [Abstract]
Consolidated pre-tax income (loss), net of non-controlling interest	3,061	(3,058)
Corporate [Member]
Revenues [Abstract]
Revenues	(16,186)	(3,189)
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	453	367
Interest Expense [Abstract]
Interest Expense	4,545	4,512
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	(6,163)	(3,810)
Pre-tax income (loss) [Abstract]
Consolidated pre-tax income (loss), net of non-controlling interest	(32,128)	(17,966)
Parent Company [Member]
Revenues [Abstract]
Revenues	20,551	22,722
Depreciation and Amortization Expense [Abstract]
Depreciation and Amortization Expense	377	367
Interest Expense [Abstract]
Interest Expense	4,545	4,512
Tax Expense (Benefit) [Abstract]
Income tax expense (benefit)	$ (306)	$ (947)

Segment Information (Schedule_2

Segment Information (Schedule of Segment Reporting Additional Information by Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets	$ 1,264,894	$ 1,231,126
Specialty Commercial Segment Member
Assets	858,262	810,133
Standard Commercial Segment [Member]
Assets	158,881	162,152
Personal Segment [Member]
Assets	226,431	232,441
Corporate [Member]
Assets	21,320	26,400
Parent Company [Member]
Assets	$ 366,208	$ 364,818

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	32,164	406,731

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Numerator for both basic and diluted earnings per share:
Net income (loss)	$ 10,347	$ (11,553)
Denominator, basic shares	18,086	18,343
Effect of dilutive securities:
Stock-based compensation awards	115
Denominator, diluted shares	18,201	18,343
Basic earnings per share: (in dollars per share)	$ 0.57	$ (0.63)
Diluted earnings per share: (in dollars per share)	$ 0.57	$ (0.63)

Regulatory Capital Restrictio_2

Regulatory Capital Restrictions (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Regulatory Capital Restrictions [Line Items]
Retained earnings, unappropriated	$ 59.7
Aggregate amount of shareholder dividends, maximum available next current fiscal year			$ 22.9
Hallmark (Payee) [Member]
Regulatory Capital Restrictions [Line Items]
Dividends paid by subsidiaries	$ 5.5	$ 11.4
Subsidiaries [Member]
Regulatory Capital Restrictions [Line Items]
Statutory Accounting Practices, Future Dividend Payments Restrictions	lesser of 10% of prior year policyholders' surplus or prior year's net income
Aggregate amount of shareholder dividends, maximum available next current fiscal year			$ 33.9
American Hallmark Insurance Company and Texas Builders Insurance Company [Member]
Regulatory Capital Restrictions [Line Items]
Statutory Accounting Practices, Future Dividend Payments Restrictions	greater of statutory net income for the prior calendar year or 10% of statutory policyholders' surplus as of the prior year end
Hallmark Specialty Insurance Company [Member]
Regulatory Capital Restrictions [Line Items]
Statutory Accounting Practices, Future Dividend Payments Restrictions	greater of 10% of prior year policyholders' surplus or prior year's statutory net income, not including realized capital gains
Hallmark Insurance Company Subsidiaries [Member]
Regulatory Capital Restrictions [Line Items]
Amount of restricted net assets for consolidated and unconsolidated subsidiaries	$ 195.9
Statutory accounting practices, statutory capital and surplus, balance	247	233.3
Statutory accounting practices, statutory net income amount	$ 35.9	$ 1.9

Share-based Payment Arrangeme_3

Share-based Payment Arrangements (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, Granted	0	0
Options contractual term	4 months 24 days
Long Term Incentive Plan 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of incentive stock options outstanding	0
Share-based compensation arrangement by share-based payment award, non-qualified stock options to purchase number of shares	244,157
Long Term Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized	2,000,000
Share-based compensation arrangement by share-based payment award, restricted stock options to purchase number of shares	508,345
Stock options, Granted	0
Long Term Incentive Plan 2005 and 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested awards	$ 0
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | First Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Percentage	10.00%
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | Second Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Percentage	20.00%
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | Third Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Percentage	30.00%
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | Fourth Anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Percentage	40.00%
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation incentive stock options grant under incentive plan termination period	5 years
Prior to 2009 Incentive Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation incentive stock options grant under incentive plan termination period	10 years
Incentive Stock Options 2010 [Member] | Long Term Incentive Plan 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation incentive stock options grant under incentive plan termination period	10 years
Non Qualified Stock Options [Member] | Long Term Incentive Plan 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage	100.00%
Stock-based compensation incentive stock options grant under incentive plan termination period	10 years
Share-based compensation arrangement by share-based payment award, award vesting period	6 months
Non Qualified Stock Options [Member] | Long Term Incentive Plan 2005 [Member] | 200,000 Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation incentive stock options grant under incentive plan termination period	10 years
Share-based compensation arrangement by share based payment award options vested and expected to vest number	200,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested awards	$ 2,000,000
Employee Service Share-based Compensation Nonvested Awards, Total Compensation Cost Not Yet Recognized Next Twelve Months	700,000
Employee Service Share-based Compensation Nonvested Awards, Total Compensation Cost Expected to Recognize During Remainder of Year Two	700,000
Employee Service Share-based Compensation Nonvested Awards, Total Compensation Cost Expected to Recognize During Remainder of Year Three	200,000
Employee Service Share-based Compensation Nonvested Awards, Total Compensation Cost Expected to Recognized	1,600,000
Allocated share-based compensation expense	152,000	$ 149,000
Income tax benefit of share-based payments recognized in income	$ 32,000	$ 52,000
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of restricted stock units granted as result of meeting growth rates	50.00%
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of restricted stock units granted as result of meeting growth rates	150.00%
Restricted Stock Units (RSUs) [Member] | Long Term Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options granted, weighted average grant date fair value	$ 10.87	$ 10.20	$ 11.41	$ 11.10

Share-based Payment Arrangeme_4

Share-based Payment Arrangements (Summary of the Status of Stock Options) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangements [Abstract]
Stock options, Outstanding at January 1, 2018	406,731
Stock options, Granted	0	0
Stock options, exercised (in shares)	(36,500)
Stock options, forfeited or expired	(126,074)
Stock options, Outstanding at December 31, 2018	244,157	406,731
Stock options, Exercisable at December 31, 2018	244,157
Weighted Average Exercise Price, Outstanding at January 1, 2018	$ 7.85
Weighted Average Exercise Price, Exercised	6.61
Weighted Average Exercise Price, Forfeited or expired	10.57
Weighted Average Exercise Price, Outstanding at December 31, 2018	6.63	$ 7.85
Weighted Average Exercise Price, Exercisable at December 31, 2018	$ 6.63
Average Remaining Contractual Term, Outstanding at December 31, 2018 (in years)	4 months 24 days
Average Remaining Contractual Term, Exercisable at December 31, 2018 (in years)	4 months 24 days
Aggregate Intrinsic Value, Outstanding at December 31, 2018	$ 991
Aggregate Intrinsic Value, Exercisable at December 31, 2018	$ 991

Share-based Payment Arrangeme_5

Share-based Payment Arrangements (Schedule of Options, Grants in Period, Grant Date Intrinsic Value) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost of share-based payments (non-cash)	$ 152	$ 149
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	122	163
Cost of share-based payments (non-cash)
Income tax benefit of share-based payments recognized in income

Share-Based Payment Arrangeme_6

Share-Based Payment Arrangements (Summary of the Status of Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) [Member] - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested at January 1	385,779	296,574
Granted	144,059	138,712
Vested	(8,198)	(5,998)
Forfeited	(182,743)	(43,509)
Nonvested at December 31	338,897	385,779

Retirement Plans (Narrative) (D

Retirement Plans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets		$ 9,669	$ 11,153	$ 10,415
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents		$ 9,381	$ 10,742
Favorable rate of return equal to or greater than average inflation rate		5.00%
Investment objective achievement period		60 years
Single stock issue restricted among total portfolio value		5.00%
Securities held in mutual or commingled funds		90.00%
Expected return on plan assets		6.50%	6.50%	6.50%
Net periodic pension cost		$ (164)	$ (49)
Interest cost on projected benefit obligation		424	471
Defined benefit plan, expected return on plan assets		(694)	(646)
Defined contribution plan, employer discretionary contribution amount		200
Scenario, Forecast for 2017 [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	$ 0
Interest cost on projected benefit obligation	454
Defined benefit plan, expected return on plan assets	(597)
Defined benefit plan, amortization of losses (gains)	$ 143
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets		300	400
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets		5,900
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents		$ 5,913	7,156
Equity Securities [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range		45.00%
Equity Securities [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, target plan asset allocations range		75.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets		$ 3,500
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents		$ 3,468	$ 3,586
Standard Commercial P & C Business Unit [Member]
Defined Benefit Plan Disclosure [Line Items]
Minimum hours of service to participate within defined benefit plan		1000 hours

Retirement Plans (Changes in Be

Retirement Plans (Changes in Benefit Obligations, Components of Benefit Costs, Weighted-Average Assumptions, and Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assumptions (end of period):
Discount rate used in determining benefit obligation	4.05%	3.45%
Reconciliation of funded status (end of period):
Accumulated benefit obligation	$ (11,687)	$ (12,758)
Projected benefit obligation	(11,687)	(12,758)
Fair value of plan assets	9,669	11,153
Defined benefit plan, funded status of plan, total	(2,018)	(1,605)
Net actuarial loss	(4,130)	(3,554)
Accumulated other comprehensive loss	(4,130)	(3,554)
Prepaid pension cost	2,112	1,949
Net amount recognized as of December 31	(2,018)	(1,605)
Changes in projected benefit obligation:
Benefit obligation as of beginning of period	12,758	12,618
Interest cost	424	471
Actuarial liability (gain)/loss	(628)	554
Benefits paid	(867)	(885)
Benefit obligation as of end of period	11,687	12,758	$ 12,618
Change in plan assets:
Fair value of plan assets as of beginning of period	11,153	10,415
Actual return on plan assets (net of expenses)	(617)	1,623
Benefits Paid	(867)	(885)
Fair value of plan assets as of end of period	9,669	11,153	10,415
Net periodic pension cost:
Service cost - benefits earned during the period
Interest cost on projected benefit obligation	424	471
Expected return on plan assets	(694)	(646)
Recognized actuarial loss	106	126
Net periodic pension cost	$ (164)	$ (49)
Discount rate	3.45%	3.88%
Expected return on plan assets	6.50%	6.50%	6.50%

Retirement Plans (Estimated Fut

Retirement Plans (Estimated Future Benefit Payments) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Retirement Plans [Abstract]
2019	$ 881
2020	870
2021	875
2022	861
2023	843
2024-2028	$ 3,941

Retirement Plans (Weighted-Aver

Retirement Plans (Weighted-Average Asset Allocation for the Defined Benefit Cash Balance Plan) (Details)	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, actual plan asset allocations	100.00%	100.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, actual plan asset allocations	36.00%	32.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, actual plan asset allocations	61.00%	64.00%
Other Liabilities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, actual plan asset allocations	3.00%	4.00%

Retirement Plans (Schedule of F

Retirement Plans (Schedule of Fair Value, Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	$ 9,381	$ 10,742
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	3,468	3,586
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	5,913	7,156
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	5,913	7,156
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	5,913	7,156
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	3,468	3,586
Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets, excluding cash and cash equivalents	$ 3,468	$ 3,586

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Statutory tax rates	21.00%	35.00%
Operating loss carryforwards	$ 442
Income tax carryback period	2 years
Income tax carryforward period	20 years
Uncertain tax positions	$ 0
Valuation allowance	$ 0

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax liabilities:
Deferred policy acquisition costs	$ (3,001)	$ (3,361)
Net unrealized holding gain on investments	(1,087)	(4,688)
Agency relationship	(22)	(28)
Intangible assets	(2,179)	(2,476)
Goodwill	(357)	(357)
Bond amortization	(72)	(111)
Fixed assets	(992)	(860)
Other	(279)	(303)
Total deferred tax liabilities	(7,989)	(12,184)
Deferred tax assets:
Unearned premiums	6,931	6,901
Amortization of non-compete agreements	71	107
Pension liability	867	746
Net operating loss carry-forward	93	200
Unpaid loss and loss adjustment expense	2,505	3,422
Rent reserve	54	158
Bonus accrual	632	302
Investment impairments	1,446	1,956
Other	373	329
Total deferred tax assets	12,972	14,121
Deferred federal income taxes, net	$ 4,983	$ 1,937

Income Taxes (Schedule of Effec

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Computed expected income tax expense (benefit) at statutory regulatory tax rate	$ 2,689	$ (5,800)
Meals and entertainment	75	81
Tax exempt interest	(435)	(987)
Dividends received deduction	(94)	(196)
State taxes (net of federal benefit)	266	165
Tax law change		1,276
True up bond amortization		464
Other	(45)	(22)
Income tax expense (benefit)	2,456	(5,019)
Current income tax expense (benefit)	4,300	(3,444)
Deferred income tax expense (benefit)	$ (1,844)	$ (1,575)

Income Taxes (Summary of Operat

Income Taxes (Summary of Operating Loss Carryforwards) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Net Operating Loss	$ 442
Operating Loss Expires In 2028 [Member]
Net Operating Loss	2
Operating Loss Expires in 2029 [Member]
Net Operating Loss	25
Operating Loss Expires In 2031 [Member]
Net Operating Loss	45
Operating Loss Expires In 2032 [Member]
Net Operating Loss	77
Operating Loss Expires In 2033 [Member]
Net Operating Loss	73
Operating Loss Expires In 2034 [Member]
Net Operating Loss	59
Operating Loss Expires in 2035 [Member]
Net Operating Loss	33
Operating Loss Expires in 2036 [Member]
Net Operating Loss	50
Operating Loss Expires in 2037 [Member]
Net Operating Loss	29
Operating Loss Expires in 2038 [Member]
Net Operating Loss	$ 49

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Reconciliation of Cash, Cash Equivalents and Restricted Cash to Statement of Cash Flows) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 35,594	$ 64,982
Restricted cash	4,877	2,651
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 40,471	$ 67,633	$ 86,959

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Interest paid	$ 4,842	$ 4,506
Income taxes (recovered) paid	(3,236)	137
Receivable for securities related to investment disposals	3,369	5,235
Payable for securities related to investment purchases	$ 698	$ 7,488

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Operating leases, rent expense, net	$ 3,100	$ 2,800
Guaranty association assessments	$ 0	$ 36,000

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) $ in Thousands	Dec. 31, 2018USD ($)
Commitments and Contingencies [Abstract]
2019	$ 2,269
2020	2,491
2021	2,172
2022	2,171
2023	1,885
2024 and thereafter	15,266
Total minimum lease payments	$ 26,254

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income Balances (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 12,234	$ 12,234
Other comprehensive income (loss):
Change in net actuarial gain		(576)	$ 548
Tax effect on change in net actuarial gain		121	(192)
Unrealized holding gains arising during the period		(3,343)	9,117
Tax effect on unrealized gains arising during the period		702	(3,191)
Reclassification adjustment for gains included in net realized gains		(1,803)	(6,799)
Tax effect on reclassification adjustment for gains included in income tax expense		379	2,380
Other comprehensive (loss) income, net of tax		(4,520)	1,863
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018	2,600
Ending Balance		(6,660)	12,234
Pension Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(2,310)	(2,310)	(2,666)
Other comprehensive income (loss):
Change in net actuarial gain		(576)	548
Tax effect on change in net actuarial gain		121	(192)
Other comprehensive (loss) income, net of tax		(455)	356
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018		(569)
Ending Balance		(3,334)	(2,310)
Unrealized Gains (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	14,544	14,544	13,037
Other comprehensive income (loss):
Unrealized holding gains arising during the period		(3,343)	9,117
Tax effect on unrealized gains arising during the period		702	(3,191)
Reclassification adjustment for gains included in net realized gains		(1,803)	(6,799)
Tax effect on reclassification adjustment for gains included in income tax expense		379	2,380
Other comprehensive (loss) income, net of tax		(4,065)	1,507
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018		3,188
Cumulative effect of adoption of updated accounting guindance for equity financial instruments at January 1, 2018		(16,993)
Ending Balance		(3,326)	14,544
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	12,234	12,234	10,371
Other comprehensive income (loss):
Change in net actuarial gain		(576)	548
Tax effect on change in net actuarial gain		121	(192)
Unrealized holding gains arising during the period		(3,343)	9,117
Tax effect on unrealized gains arising during the period		702	(3,191)
Reclassification adjustment for gains included in net realized gains		(1,803)	(6,799)
Tax effect on reclassification adjustment for gains included in income tax expense		379	2,380
Other comprehensive (loss) income, net of tax		(4,520)	1,863
Reclassification of certain tax effects from accumulated other comprehensive income at January 1,2018		2,619
Cumulative effect of adoption of updated accounting guindance for equity financial instruments at January 1, 2018		(16,993)
Ending Balance		(6,660)	12,234
Parent Company [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 12,234	12,234
Other comprehensive income (loss):
Ending Balance		$ (6,660)	$ 12,234

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Debt securities	$ 545,870	$ 605,746
Cash and cash equivalents	35,594	64,982
Investment in subsidiaries	1,702	1,702
Deferred federal income taxes	4,983	1,937
Federal income tax recoverable		7,532
Other assets	12,571	13,856
Total assets	1,264,894	1,231,126
LIABILITIES AND STOCKHOLDERS' EQUITY
Revolving credit facility payable	30,000	30,000
Subordinated debt securities	55,804	55,753
Accounts payable and other accrued expenses	28,202	28,933
Total liabilities	1,009,362	980,008
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2018 and 2017	3,757	3,757
Additional paid-in capital	123,168	123,180
Retained earnings	161,195	136,474
Accumulated other comprehensive income	(6,660)	12,234
Treasury stock (2,846,131 shares in 2018 and 2,703,803 in 2017), at cost	(25,928)	(24,527)
Total stockholders equity	255,532	251,118	$ 265,736
Total liabilities and stockholders' equity	1,264,894	1,231,126
Parent Company [Member]
ASSETS
Debt securities	786	150
Cash and cash equivalents	10,159	12,194	$ 9,034
Investment in subsidiaries	344,904	344,496
Deferred federal income taxes	442	493
Federal income tax recoverable	6,133	3,914
Other assets	3,784	3,571
Total assets	366,208	364,818
LIABILITIES AND STOCKHOLDERS' EQUITY
Revolving credit facility payable	30,000	30,000
Subordinated debt securities	55,804	55,753
Accounts payable and other accrued expenses	24,872	27,947
Total liabilities	110,676	113,700
Stockholders' equity:
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2018 and 2017	3,757	3,757
Additional paid-in capital	123,168	123,180
Retained earnings	161,195	136,474
Accumulated other comprehensive income	(6,660)	12,234
Treasury stock (2,846,131 shares in 2018 and 2,703,803 in 2017), at cost	(25,928)	(24,527)
Total stockholders equity	255,532	251,118
Total liabilities and stockholders' equity	$ 366,208	$ 364,818

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Balance Sheet Extra) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt securities, available-for-sale, cost (in dollars)	$ 550,268	$ 604,999
Unamortized debt issuance cost (in dollars)	$ 898	$ 949
Common stock, par value (in dollars per share)	$ 0.18	$ 0.18
Common stock, authorized shares	33,333,333	33,333,333
Common stock, issued shares	20,872,831	20,872,831
Treasury stock, shares	2,846,131	2,703,803
Parent Company [Member]
Debt securities, available-for-sale, cost (in dollars)	$ 150	$ 150
Unamortized debt issuance cost (in dollars)	$ 898	$ 949
Common stock, par value (in dollars per share)	$ 0.18	$ 0.18
Common stock, authorized shares	33,333,333	33,333,333
Common stock, issued shares	20,872,831	20,872,831

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Statements of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Investment income, net of expenses	$ 18,232	$ 18,874
Management fee income	5,115	3,867
Total revenues	379,268	385,521
Interest expense	4,545	4,512
Amortization of intangible assets	2,468	2,468
Total expenses	366,465	402,093
Income before equity in undistributed earnings (loss) of subsidiaries and income tax benefit	12,803	(16,572)
Income tax benefit	2,456	(5,019)
Net income (loss)	10,347	(11,553)
Parent Company [Member]
Investment income, net of expenses	290	210
Dividend income from subsidiaries	5,525	11,375
Net realized losses		(759)
Management fee income	14,736	11,896
Total revenues	20,551	22,722
Operating expenses	11,395	10,265
Interest expense	4,545	4,512
Total expenses	15,940	14,777
Income before equity in undistributed earnings (loss) of subsidiaries and income tax benefit	4,611	7,945
Income tax benefit	(306)	(947)
Income before equity in undistributed earnings (loss) of subsidiaries	4,917	8,892
Equity in undistributed share of earnings (loss) in subsidiaries	5,430	(20,445)
Net income (loss)	10,347	(11,553)
Comprehensive income (loss)	$ 5,827	$ (9,690)

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Registrant (Parent Company Only) (Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 10,347	$ (11,553)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:
Depreciation and amortization expense	5,141	4,715
Deferred income tax expense (benefit)	(1,844)	(1,575)
Change in current federal income tax recoverable	7,536	(3,581)
Change in all other liabilities	(267)	3,091
Change in all other assets	3,007	5,487
Net cash (used in) provided by operating activities	(32,935)	7,199
Cash flows from investing activities:
Purchases of property and equipment	(2,101)	(2,705)
Purchase of investment securities	(222,642)	(305,930)
Maturities and redemptions of investment securities	232,081	287,187
Net cash provided by (used in) investing activities	7,338	(21,448)
Cash flows from financing activities:
Proceeds from exercise of employee stock options	242	231
Purchase of treasury shares	(1,807)	(5,308)
Net cash used in financing activities	(1,565)	(5,077)
Cash and cash equivalents at beginning of year	64,982
Cash and cash equivalents at end of year	35,594	64,982
Supplemental cash flow information:
Interest paid	4,842	4,506
Income taxes paid	(3,236)	137
Parent Company [Member]
Cash flows from operating activities:
Net income (loss)	10,347	(11,553)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:
Depreciation and amortization expense	377	367
Deferred income tax expense (benefit)	51	(160)
Net realized losses		(759)
Undistributed share of (earnings) loss of subsidiaries	(5,430)	20,445
Change in current federal income tax recoverable	(2,219)	(1,158)
Change in all other liabilities	(3,075)	306
Change in all other assets	(466)	632
Net cash (used in) provided by operating activities	(415)	9,638
Cash flows from investing activities:
Purchases of property and equipment	(55)	(97)
Purchase of investment securities		(1,304)
Net cash provided by (used in) investing activities	(55)	(1,401)
Cash flows from financing activities:
Proceeds from exercise of employee stock options	242	231
Purchase of treasury shares	(1,807)	(5,308)
Net cash used in financing activities	(1,565)	(5,077)
Decrease in cash and cash equivalents and restricted cash	(2,035)	3,160
Cash and cash equivalents at beginning of year	12,194	9,034
Cash and cash equivalents at end of year	10,159	12,194
Supplemental cash flow information:
Interest paid	4,842	4,506
Income taxes paid	$ 1,996	$ 372

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	$ 14,291	$ 16,002
Future Policy Benefits, Losses, Claims and Loss Adjustment Expenses	527,247	527,100
Unearned Premiums	298,061	276,642
Premium Revenue	363,087	361,037
Net Investment Income	18,232	18,874
Benefits Claims, Losses and Settlement Expenses	256,028	288,308
Amortization of Deferred Policy Acquisition Costs	37,436	34,265
Other Operating Expenses	101,712	103,615
Net Premiums Written	363,798	365,583
Specialty Commercial Segment Member
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	5,637	8,668
Future Policy Benefits, Losses, Claims and Loss Adjustment Expenses	429,741	416,788
Unearned Premiums	234,563	224,903
Premium Revenue	258,186	259,086
Net Investment Income	19,302	16,809
Benefits Claims, Losses and Settlement Expenses	194,268	213,050
Amortization of Deferred Policy Acquisition Costs	21,133	21,600
Other Operating Expenses	52,071	57,458
Net Premiums Written	251,731	265,022
Standard Commercial Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	5,212	6,421
Future Policy Benefits, Losses, Claims and Loss Adjustment Expenses	74,677	87,323
Unearned Premiums	40,813	37,574
Premium Revenue	72,321	66,218
Net Investment Income	3,736	3,855
Benefits Claims, Losses and Settlement Expenses	39,396	45,227
Amortization of Deferred Policy Acquisition Costs	13,415	10,890
Other Operating Expenses	22,825	23,180
Net Premiums Written	69,222	69,288
Personal Segment [Member]
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	3,442	913
Future Policy Benefits, Losses, Claims and Loss Adjustment Expenses	22,829	22,989
Unearned Premiums	22,685	14,165
Premium Revenue	32,580	35,733
Net Investment Income	1,185	1,194
Benefits Claims, Losses and Settlement Expenses	22,364	30,031
Amortization of Deferred Policy Acquisition Costs	2,888	1,775
Other Operating Expenses	15,420	12,712
Net Premiums Written	42,845	31,273
Corporate [Member]
Supplementary Insurance Information, by Segment [Line Items]
Net Investment Income, Corporate	(5,991)	(2,984)
Other Operating Expenses	$ 11,396	$ 10,265

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Premium Earned:
Gross amount	$ 639,437	$ 567,089
Ceded to other companies	(278,509)	(207,732)
Assumed from other companies	2,159	1,680
Net premiums earned	$ 363,087	$ 361,037
Percentage of amount assumed to net	0.59%	0.47%
Property, Liability and Casualty Insurance Segment [Member]
Premium Earned:
Gross amount	$ 639,437	$ 567,089
Ceded to other companies	(278,509)	(207,732)
Assumed from other companies	2,159	1,680
Net premiums earned	$ 363,087	$ 361,037
Percentage of amount assumed to net	0.59%	0.47%

Schedule VI - Supplemental Info

Schedule VI - Supplemental Information Concerning Property-Casualty Insurance Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Supplemental Information For Property, Casualty Insurance Underwriters [Abstract]
Deferred Policy Acquisition Costs	$ 14,291	$ 16,002
Reserves for Unpaid Claims and Claim Adjustment Expenses	527,247	527,100
Unearned Premiums	298,061	276,642
Earned Premiums	363,087	361,037
Net Investment Income	18,232	18,874
Current year	250,075	248,203
Prior years	5,953	40,105
Amortization of Deferred Policy Acquisition Costs	37,436	34,265
Paid Claims and Claims Adjustment Expenses	322,985	274,150
Premiums Written	$ 363,798	$ 365,583