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v3.19.3

Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Revenue from External Customers by Products and Services | Earned Premiums by product line for the nine and three months ended September 30, 2019 and 2018 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2019 |  | Sep 30, 2018 |  | Sep 30, 2019 |  | Sep 30, 2018
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | $ | 353.0 |  |  | $ | 325.0 |  |  | $ | 119.7 |  |  | $ | 111.4 |
Homeowners |  | 182.6 |  |  | 186.5 |  |  | 61.5 |  |  | 62.5 |
Other Personal Lines |  | 29.5 |  |  | 30.4 |  |  | 9.8 |  |  | 10.1 |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Specialty Automobile |  | 2,092.5 |  |  | 1,229.0 |  |  | 719.2 |  |  | 655.3 |
Commercial Automobile |  | 186.2 |  |  | 80.6 |  |  | 64.2 |  |  | 55.9 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Life |  | 289.0 |  |  | 284.3 |  |  | 96.2 |  |  | 95.2 |
Accident and Health |  | 142.4 |  |  | 132.0 |  |  | 47.6 |  |  | 44.9 |
Property |  | 51.4 |  |  | 53.0 |  |  | 17.0 |  |  | 17.6 |
Total Earned Premiums |  | $ | 3,326.6 |  |  | $ | 2,320.8 |  |  | $ | 1,135.2 |  |  | $ | 1,052.9 |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2019 and 2018 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2019 |  | Sep 30, 2018 |  | Sep 30, 2019 |  | Sep 30, 2018
Segment Revenues: |  |  |  |  |  |  |  |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 565.1 |  |  | $ | 541.9 |  |  | $ | 191.0 |  |  | $ | 184.0 |
Net Investment Income |  | 32.6 |  |  | 47.8 |  |  | 12.0 |  |  | 20.1 |
Total Preferred Property & Casualty Insurance |  | 597.7 |  |  | 589.7 |  |  | 203.0 |  |  | 204.1 |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 2,278.7 |  |  | 1,309.6 |  |  | 783.4 |  |  | 711.2 |
Net Investment Income |  | 79.2 |  |  | 40.8 |  |  | 28.8 |  |  | 20.7 |
Other Income |  | 6.2 |  |  | 1.6 |  |  | 4.4 |  |  | 0.9 |
Total Specialty Property & Casualty Insurance |  | 2,364.1 |  |  | 1,352.0 |  |  | 816.6 |  |  | 732.8 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 482.8 |  |  | 469.3 |  |  | 160.8 |  |  | 157.7 |
Net Investment Income |  | 154.4 |  |  | 159.2 |  |  | 49.7 |  |  | 51.0 |
Other Income |  | 5.6 |  |  | 2.9 |  |  | 2.9 |  |  | 1.2 |
Total Life & Health Insurance |  | 642.8 |  |  | 631.4 |  |  | 213.4 |  |  | 209.9 |
Total Segment Revenues |  | 3,604.6 |  |  | 2,573.1 |  |  | 1,233.0 |  |  | 1,146.8 |
Income from Change in Fair Value of Equity and Convertible Securities |  | 99.7 |  |  | 12.1 |  |  | 9.8 |  |  | 11.0 |
Net Realized Gains on Sales of Investments |  | 39.1 |  |  | 10.0 |  |  | 1.7 |  |  | 3.6 |
Net Impairment Losses Recognized in Earnings |  | (12.1 | ) |  | (2.3 | ) |  | (1.8 | ) |  | (1.8 | )
Other |  | 24.2 |  |  | 37.5 |  |  | 1.1 |  |  | 35.9 |
Total Revenues |  | $ | 3,755.5 |  |  | $ | 2,630.4 |  |  | $ | 1,243.8 |  |  | $ | 1,195.5 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the nine and three months ended September 30, 2019 and 2018 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2019 |  | Sep 30, 2018 |  | Sep 30, 2019 |  | Sep 30, 2018
Segment Operating Profit: |  |  |  |  |  |  |  |
Preferred Property & Casualty Insurance |  | $ | 36.2 |  |  | $ | 22.0 |  |  | $ | 26.5 |  |  | $ | 14.1 |
Specialty Property & Casualty Insurance |  | 277.4 |  |  | 84.1 |  |  | 98.6 |  |  | 26.9 |
Life & Health Insurance |  | 86.4 |  |  | 97.6 |  |  | 41.0 |  |  | 33.5 |
Total Segment Operating Profit |  | 400.0 |  |  | 203.7 |  |  | 166.1 |  |  | 74.5 |
Corporate and Other Operating Profit (Loss) From: |  |  |  |  |  |  |  |
Partial Satisfaction of Judgment |  | 20.1 |  |  | 35.7 |  |  | — |  |  | 35.7 |
Other |  | (24.1 | ) |  | (28.2 | ) |  | (3.1 | ) |  | (14.3 | )
Corporate and Other Operating Profit (Loss) |  | (4.0 | ) |  | 7.5 |  |  | (3.1 | ) |  | 21.4 |
Adjusted Consolidated Operating Profit |  | 396.0 |  |  | 211.2 |  |  | 163.0 |  |  | 95.9 |
Income from Change in Fair Value of Equity and Convertible Securities |  | 99.7 |  |  | 12.1 |  |  | 9.8 |  |  | 11.0 |
Net Realized Gains on Sales of Investments |  | 39.1 |  |  | 10.0 |  |  | 1.7 |  |  | 3.6 |
Net Impairment Losses Recognized in Earnings |  | (12.1 | ) |  | (2.3 | ) |  | (1.8 | ) |  | (1.8 | )
Acquisition Related Transaction, Integration and Other Costs |  | (12.2 | ) |  | (38.0 | ) |  | (5.4 | ) |  | (28.2 | )
Loss from Early Extinguishment of Debt |  | (5.8 | ) |  | — |  |  | (5.8 | ) |  | — |
Income from Continuing Operations before Income Taxes |  | $ | 504.7 |  |  | $ | 193.0 |  |  | $ | 161.5 |  |  | $ | 80.5 |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated | Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the nine and three months ended September 30, 2019 and 2018 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions and Net of Income Taxes) |  | Sep 30, 2019 |  | Sep 30, 2018 |  | Sep 30, 2019 |  | Sep 30, 2018
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Preferred Property & Casualty Insurance |  | $ | 29.1 |  |  | $ | 19.7 |  |  | $ | 21.1 |  |  | $ | 12.2 |
Specialty Property & Casualty Insurance |  | 220.8 |  |  | 67.3 |  |  | 78.5 |  |  | 21.5 |
Life & Health Insurance |  | 69.8 |  |  | 77.9 |  |  | 33.4 |  |  | 27.1 |
Total Segment Net Operating Income |  | 319.7 |  |  | 164.9 |  |  | 133.0 |  |  | 60.8 |
Corporate and Other Net Operating Income (Loss) From: |  |  |  |  |  |  |  |
Total Corporate and Other Net Operating Income (Loss) |  | 0.7 |  |  | 33.6 |  |  | (3.0 | ) |  | 43.7 |
Adjusted Consolidated Net Operating Income |  | 320.4 |  |  | 198.5 |  |  | 130.0 |  |  | 104.5 |
Net Income (Loss) From: |  |  |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | 78.8 |  |  | 9.6 |  |  | 7.8 |  |  | 8.7 |
Net Realized Gains on Sales of Investments |  | 30.9 |  |  | 7.9 |  |  | 1.4 |  |  | 2.8 |
Net Impairment Losses Recognized in Earnings |  | (9.6 | ) |  | (1.8 | ) |  | (1.5 | ) |  | (1.4 | )
Acquisition Related Transaction, Integration and Other Costs |  | (9.5 | ) |  | (30.8 | ) |  | (4.1 | ) |  | (22.3 | )
Loss from Early Extinguishment of Debt |  | (4.6 | ) |  | — |  |  | (4.6 | ) |  | — |
Income from Continuing Operations |  | $ | 406.4 |  |  | $ | 183.4 |  |  | $ | 129.0 |  |  | $ | 92.3 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
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