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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Reconciliation of operating results by reportable segment | The following table presents the Company's operating results by reportable segment:
| Three Months Ended March 31,
| 2023 |  | 2022
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Net premiums earned | $ | 997.6 |  |  | $ | 7.1 |  |  | $ | 1,004.7 |  |  | $ | 955.4 |  |  | $ | 7.2 |  |  | $ | 962.6 |
Less: |  |  |  |  |  |  |  |  |  |  |
Losses and loss adjustment expenses | 925.8 |  |  | 3.7 |  |  | 929.5 |  |  | 818.3 |  |  | 3.6 |  |  | 821.9 |
Underwriting expenses | 230.8 |  |  | 3.5 |  |  | 234.3 |  |  | 229.1 |  |  | 3.3 |  |  | 232.4 |
Underwriting loss | (159.0) |  |  | (0.1) |  |  | (159.1) |  |  | (92.0) |  |  | 0.3 |  |  | (91.7) |
Investment income |  |  |  |  | 52.0 |  |  |  |  |  |  | 35.4 |
Net realized investment gains (losses) |  |  |  |  | 49.0 |  |  |  |  |  |  | (195.1) |
Other income |  |  |  |  | 0.9 |  |  |  |  |  |  | 2.6 |
Interest expense |  |  |  |  | (4.9) |  |  |  |  |  |  | (4.3) |
Pre-tax loss |  |  |  |  | $ | (62.1) |  |  |  |  |  |  | $ | (253.1) |
Net loss |  |  |  |  | $ | (45.3) |  |  |  |  |  |  | $ | (196.9) |
Schedule direct premiums attributable to segment | The following table presents the Company’s net premiums earned and direct premiums written by reportable segment and line of insurance business:
| Three Months Ended March 31,
| 2023 |  | 2022
| Property & Casualty |  | Other |  | Total |  | Property & Casualty |  | Other |  | Total
| (Amounts in millions)
Private passenger automobile | $ | 660.6 |  |  | $ | — |  |  | $ | 660.6 |  |  | $ | 659.3 |  |  | $ | — |  |  | $ | 659.3 |
Homeowners | 222.5 |  |  | — |  |  | 222.5 |  |  | 192.0 |  |  | — |  |  | 192.0 |
Commercial automobile | 69.1 |  |  | — |  |  | 69.1 |  |  | 64.5 |  |  | — |  |  | 64.5 |
Other | 45.4 |  |  | 7.1 |  |  | 52.5 |  |  | 39.6 |  |  | 7.2 |  |  | 46.8 |
Net premiums earned | $ | 997.6 |  |  | $ | 7.1 |  |  | $ | 1,004.7 |  |  | $ | 955.4 |  |  | $ | 7.2 |  |  | $ | 962.6 |
Private passenger automobile | $ | 634.3 |  |  | $ | — |  |  | $ | 634.3 |  |  | $ | 681.3 |  |  | $ | — |  |  | $ | 681.3 |
Homeowners | 241.6 |  |  | — |  |  | 241.6 |  |  | 210.2 |  |  | — |  |  | 210.2 |
Commercial automobile | 80.0 |  |  | — |  |  | 80.0 |  |  | 71.6 |  |  | — |  |  | 71.6 |
Other | 56.3 |  |  | 6.4 |  |  | 62.7 |  |  | 48.3 |  |  | 6.8 |  |  | 55.1 |
Direct premiums written | $ | 1,012.2 |  |  | $ | 6.4 |  |  | $ | 1,018.6 |  |  | $ | 1,011.4 |  |  | $ | 6.8 |  |  | $ | 1,018.2 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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