XML 59 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Segments | 6 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting [Abstract] |
Business Segments | Note 10 - Business Segments The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through two operating segments: Property & Casualty Insurance and Life & Health Insurance. The Property & Casualty Insurance segment’s principal products are personal automobile insurance, both standard and non-standard risk, homeowners insurance, other personal insurance and commercial automobile insurance. These products are primarily distributed through independent agents, employer-sponsored voluntary benefit programs and other affinity relationships. The Life & Health Insurance segment’s principal products are individual life, accident, health and property insurance. These products are distributed by career agents employed by the Company as well as exclusive and non-exclusive independent agents. Earned Premiums by product line for the six and three months ended June 30, 2014 and 2013 were:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2014 |  | Jun 30, 2013 |  | Jun 30, 2014 |  | Jun 30, 2013
Property and Casualty: |  |  |  |  |  |  |  |
Personal Lines: |  |  |  |  |  |  |  |
Automobile |  | $ | 428.3 |  |  | $ | 490.3 |  |  | $ | 212.0 |  |  | $ | 244.6 |
Homeowners |  | 158.7 |  |  | 162.5 |  |  | 79.0 |  |  | 82.1 |
Other Personal |  | 64.4 |  |  | 67.7 |  |  | 32.3 |  |  | 34.1 |
Total Personal Lines |  | 651.4 |  |  | 720.5 |  |  | 323.3 |  |  | 360.8 |
Commercial Automobile |  | 26.7 |  |  | 25.2 |  |  | 13.6 |  |  | 13.1 |
Life |  | 194.8 |  |  | 196.5 |  |  | 97.2 |  |  | 98.6 |
Accident and Health |  | 75.0 |  |  | 80.5 |  |  | 36.2 |  |  | 40.3 |
Total Earned Premiums |  | $ | 947.9 |  |  | $ | 1,022.7 |  |  | $ | 470.3 |  |  | $ | 512.8 |
Note 10 - Business Segments (continued) Segment Revenues for the six and three months ended June 30, 2014 and 2013 were:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2014 |  | Jun 30, 2013 |  | Jun 30, 2014 |  | Jun 30, 2013
Revenues: |  |  |  |  |  |  |  |
Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 639.8 |  |  | $ | 706.0 |  |  | $ | 317.5 |  |  | $ | 353.9 |
Net Investment Income |  | 37.1 |  |  | 46.6 |  |  | 19.5 |  |  | 21.5 |
Other Income |  | 0.3 |  |  | 0.3 |  |  | 0.2 |  |  | 0.1 |
Total Property & Casualty Insurance |  | 677.2 |  |  | 752.9 |  |  | 337.2 |  |  | 375.5 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 308.1 |  |  | 316.7 |  |  | 152.8 |  |  | 158.9 |
Net Investment Income |  | 98.2 |  |  | 102.8 |  |  | 48.0 |  |  | 49.8 |
Other Income |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Total Life & Health Insurance |  | 406.3 |  |  | 419.6 |  |  | 200.8 |  |  | 208.8 |
Total Segment Revenues |  | 1,083.5 |  |  | 1,172.5 |  |  | 538.0 |  |  | 584.3 |
Net Realized Gains on Sales of Investments |  | 10.1 |  |  | 29.2 |  |  | 3.5 |  |  | 2.3 |
Net Impairment Losses Recognized in Earnings |  | (4.9 | ) |  | (2.9 | ) |  | (4.1 | ) |  | (1.0 | )
Other |  | 8.4 |  |  | 6.0 |  |  | 5.1 |  |  | 3.3 |
Total Revenues |  | $ | 1,097.1 |  |  | $ | 1,204.8 |  |  | $ | 542.5 |  |  | $ | 588.9 |
Segment Operating Profit for the six and three months ended June 30, 2014 and 2013 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2014 |  | Jun 30, 2013 |  | Jun 30, 2014 |  | Jun 30, 2013
Segment Operating Profit (Loss): |  |  |  |  |  |  |  |
Property & Casualty Insurance |  | $ | 15.0 |  |  | $ | 65.8 |  |  | $ | (4.3 | ) |  | $ | 25.6 |
Life & Health Insurance |  | 59.3 |  |  | 63.1 |  |  | 24.7 |  |  | 31.2 |
Total Segment Operating Profit |  | 74.3 |  |  | 128.9 |  |  | 20.4 |  |  | 56.8 |
Corporate and Other Operating Loss |  | (16.4 | ) |  | (24.2 | ) |  | (8.6 | ) |  | (11.7 | )
Total Operating Profit |  | 57.9 |  |  | 104.7 |  |  | 11.8 |  |  | 45.1 |
Net Realized Gains on Sales of Investments |  | 10.1 |  |  | 29.2 |  |  | 3.5 |  |  | 2.3 |
Net Impairment Losses Recognized in Earnings |  | (4.9 | ) |  | (2.9 | ) |  | (4.1 | ) |  | (1.0 | )
Income from Continuing Operations before Income Taxes |  | $ | 63.1 |  |  | $ | 131.0 |  |  | $ | 11.2 |  |  | $ | 46.4 |
Note 10 - Business Segments (continued) Segment Net Operating Income for the six and three months ended June 30, 2014 and 2013 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2014 |  | Jun 30, 2013 |  | Jun 30, 2014 |  | Jun 30, 2013
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Property & Casualty Insurance |  | $ | 13.2 |  |  | $ | 48.1 |  |  | $ | (1.2 | ) |  | $ | 19.1 |
Life & Health Insurance |  | 38.0 |  |  | 41.5 |  |  | 15.9 |  |  | 20.3 |
Total Segment Net Operating Income |  | 51.2 |  |  | 89.6 |  |  | 14.7 |  |  | 39.4 |
Corporate and Other Net Operating Loss |  | (10.1 | ) |  | (15.6 | ) |  | (5.1 | ) |  | (7.7 | )
Consolidated Net Operating Income |  | 41.1 |  |  | 74.0 |  |  | 9.6 |  |  | 31.7 |
Unallocated Net Income (Loss) From: |  |  |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 6.6 |  |  | 19.0 |  |  | 2.4 |  |  | 1.5 |
Net Impairment Losses Recognized in Earnings |  | (3.2 | ) |  | (1.9 | ) |  | (2.7 | ) |  | (0.7 | )
Income from Continuing Operations |  | $ | 44.5 |  |  | $ | 91.1 |  |  | $ | 9.3 |  |  | $ | 32.5 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration