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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Reconciliation of operating results by reportable segment | The following tables present the Company's operating results by reportable segment:
| Three Months Ended September 30,
| 2018 |  | 2017
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Net premiums earned | $ | 850.5 |  |  | $ | 7.6 |  |  | $ | 858.1 |  |  | $ | 792.7 |  |  | $ | 8.5 |  |  | $ | 801.2 |
Less: |  |  |  |  |  |  |  |  |  |  |
Losses and loss adjustment expenses | 610.2 |  |  | 3.9 |  |  | 614.1 |  |  | 591.1 |  |  | 4.2 |  |  | 595.3 |
Underwriting expenses | 202.8 |  |  | 3.3 |  |  | 206.1 |  |  | 196.7 |  |  | 3.9 |  |  | 200.6 |
Underwriting gain | 37.5 |  |  | 0.4 |  |  | 37.9 |  |  | 4.9 |  |  | 0.4 |  |  | 5.3 |
Investment income |  |  |  |  | 38.2 |  |  |  |  |  |  | 31.0 |
Net realized investment (losses) gains |  |  |  |  | (3.9 | ) |  |  |  |  |  | 20.7 |
Other income |  |  |  |  | 2.4 |  |  |  |  |  |  | 5.4 |
Interest expense |  |  |  |  | (4.3 | ) |  |  |  |  |  | (4.2 | )
Pre-tax income |  |  |  |  | $ | 70.3 |  |  |  |  |  |  | $ | 58.2 |
Net income |  |  |  |  | $ | 58.6 |  |  |  |  |  |  | $ | 46.5 |
| Nine Months Ended September 30,
| 2018 |  | 2017
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Net premiums earned | $ | 2,476.9 |  |  | $ | 23.3 |  |  | $ | 2,500.2 |  |  | $ | 2,362.4 |  |  | $ | 26.2 |  |  | $ | 2,388.6 |
Less: |  |  |  |  |  |  |  |  |  |  |
Losses and loss adjustment expenses | 1,840.1 |  |  | 11.8 |  |  | 1,851.9 |  |  | 1,777.1 |  |  | 13.5 |  |  | 1,790.6 |
Underwriting expenses | 604.0 |  |  | 10.9 |  |  | 614.9 |  |  | 587.7 |  |  | 11.9 |  |  | 599.6 |
Underwriting gain (loss) | 32.8 |  |  | 0.6 |  |  | 33.4 |  |  | (2.4 | ) |  | 0.8 |  |  | (1.6 | )
Investment income |  |  |  |  | 104.5 |  |  |  |  |  |  | 94.1 |
Net realized investment (losses) gains |  |  |  |  | (48.4 | ) |  |  |  |  |  | 66.3 |
Other income |  |  |  |  | 7.1 |  |  |  |  |  |  | 9.7 |
Interest expense |  |  |  |  | (12.8 | ) |  |  |  |  |  | (10.9 | )
Pre-tax income |  |  |  |  | $ | 83.8 |  |  |  |  |  |  | $ | 157.6 |
Net income |  |  |  |  | $ | 76.2 |  |  |  |  |  |  | $ | 125.1 |
Schedule direct premiums attributable to segment | The following tables present the Company’s net premiums earned and direct premiums written by line of insurance business:
| Three Months Ended September 30,
| 2018 |  | 2017
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Private passenger automobile | $ | 659.6 |  |  | $ | — |  |  | $ | 659.6 |  |  | $ | 619.8 |  |  | $ | — |  |  | $ | 619.8 |
Homeowners | 120.0 |  |  | — |  |  | 120.0 |  |  | 108.3 |  |  | — |  |  | 108.3 |
Commercial automobile | 48.7 |  |  | — |  |  | 48.7 |  |  | 43.6 |  |  | — |  |  | 43.6 |
Other | 22.2 |  |  | 7.6 |  |  | 29.8 |  |  | 21.0 |  |  | 8.5 |  |  | 29.5 |
Net premiums earned | $ | 850.5 |  |  | $ | 7.6 |  |  | $ | 858.1 |  |  | $ | 792.7 |  |  | $ | 8.5 |  |  | $ | 801.2 |
Private passenger automobile | $ | 695.1 |  |  | $ | — |  |  | $ | 695.1 |  |  | $ | 633.7 |  |  | $ | — |  |  | $ | 633.7 |
Homeowners | 140.7 |  |  | — |  |  | 140.7 |  |  | 125.8 |  |  | — |  |  | 125.8 |
Commercial automobile | 50.3 |  |  | — |  |  | 50.3 |  |  | 45.6 |  |  | — |  |  | 45.6 |
Other | 24.5 |  |  | 6.9 |  |  | 31.4 |  |  | 22.9 |  |  | 7.1 |  |  | 30.0 |
Direct premiums written | $ | 910.6 |  |  | $ | 6.9 |  |  | $ | 917.5 |  |  | $ | 828.0 |  |  | $ | 7.1 |  |  | $ | 835.1 |
| Nine Months Ended September 30,
| 2018 |  | 2017
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Private passenger automobile | $ | 1,932.1 |  |  | $ | — |  |  | $ | 1,932.1 |  |  | $ | 1,850.3 |  |  | $ | — |  |  | $ | 1,850.3 |
Homeowners | 340.5 |  |  | — |  |  | 340.5 |  |  | 322.3 |  |  | — |  |  | 322.3 |
Commercial automobile | 140.3 |  |  | — |  |  | 140.3 |  |  | 127.3 |  |  | — |  |  | 127.3 |
Other | 64.0 |  |  | 23.3 |  |  | 87.3 |  |  | 62.5 |  |  | 26.2 |  |  | 88.7 |
Net premiums earned | $ | 2,476.9 |  |  | $ | 23.3 |  |  | $ | 2,500.2 |  |  | $ | 2,362.4 |  |  | $ | 26.2 |  |  | $ | 2,388.6 |
Private passenger automobile | $ | 2,035.1 |  |  | $ | — |  |  | $ | 2,035.1 |  |  | $ | 1,872.8 |  |  | $ | — |  |  | $ | 1,872.8 |
Homeowners | 394.0 |  |  | — |  |  | 394.0 |  |  | 352.3 |  |  | — |  |  | 352.3 |
Commercial automobile | 149.9 |  |  | — |  |  | 149.9 |  |  | 133.7 |  |  | — |  |  | 133.7 |
Other | 73.6 |  |  | 20.5 |  |  | 94.1 |  |  | 69.9 |  |  | 21.3 |  |  | 91.2 |
Direct premiums written | $ | 2,652.6 |  |  | $ | 20.5 |  |  | $ | 2,673.1 |  |  | $ | 2,428.7 |  |  | $ | 21.3 |  |  | $ | 2,450.0 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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