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v3.20.2

Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Revenue from External Customers by Products and Services | Earned Premiums by product line for the six and three months ended June 30, 2020 and 2019 were:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2020 |  | Jun 30, 2019 |  | Jun 30, 2020 |  | Jun 30, 2019
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Specialty Automobile |  | $ | 1,443.0 |  |  | $ | 1,373.3 |  |  | $ | 689.8 |  |  | $ | 703.7 |
Commercial Automobile |  | 138.5 |  |  | 122.0 |  |  | 69.2 |  |  | 62.3 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | 214.0 |  |  | 233.3 |  |  | 99.1 |  |  | 117.9 |
Homeowners |  | 112.4 |  |  | 121.1 |  |  | 55.6 |  |  | 60.8 |
Other Personal Lines |  | 18.1 |  |  | 19.7 |  |  | 8.9 |  |  | 9.8 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Life |  | 192.9 |  |  | 192.8 |  |  | 95.7 |  |  | 97.0 |
Accident and Health |  | 100.2 |  |  | 94.8 |  |  | 50.8 |  |  | 47.9 |
Property |  | 32.6 |  |  | 34.4 |  |  | 16.2 |  |  | 17.2 |
Total Earned Premiums |  | $ | 2,251.7 |  |  | $ | 2,191.4 |  |  | $ | 1,085.3 |  |  | $ | 1,116.6 |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues, including a reconciliation to Total Revenues, for the six and three months ended June 30, 2020 and 2019 were:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2020 |  | Jun 30, 2019 |  | Jun 30, 2020 |  | Jun 30, 2019
Segment Revenues: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 1,581.5 |  |  | $ | 1,495.3 |  |  | $ | 759.0 |  |  | 766.0 |
Net Investment Income |  | 45.7 |  |  | 50.4 |  |  | 16.9 |  |  | 28.9 |
Other Income |  | 1.0 |  |  | 1.8 |  |  | 0.1 |  |  | 1.0 |
Total Specialty Property & Casualty Insurance |  | 1,628.2 |  |  | 1,547.5 |  |  | 776.0 |  |  | 795.9 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 344.5 |  |  | 374.1 |  |  | 163.6 |  |  | $ | 188.5 |
Net Investment Income |  | 14.0 |  |  | 20.6 |  |  | 4.3 |  |  | 12.3 |
Other Income |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Total Preferred Property & Casualty Insurance |  | 358.6 |  |  | 394.7 |  |  | 168.0 |  |  | 200.8 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 325.7 |  |  | 322.0 |  |  | 162.7 |  |  | 162.1 |
Net Investment Income |  | 95.3 |  |  | 104.7 |  |  | 44.3 |  |  | 53.0 |
Other Income |  | 0.6 |  |  | 2.7 |  |  | 0.5 |  |  | 1.6 |
Total Life & Health Insurance |  | 421.6 |  |  | 429.4 |  |  | 207.5 |  |  | 216.7 |
Total Segment Revenues |  | 2,408.4 |  |  | 2,371.6 |  |  | 1,151.5 |  |  | 1,213.4 |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | (46.2 | ) |  | 89.9 |  |  | 71.6 |  |  | 25.5 |
Net Realized Gains on Sales of Investments |  | 28.2 |  |  | 37.4 |  |  | 11.7 |  |  | 21.3 |
Impairment Losses |  | (19.0 | ) |  | (10.3 | ) |  | (7.0 | ) |  | (6.7 | )
Other |  | 88.5 |  |  | 23.1 |  |  | 3.1 |  |  | 21.9 |
Total Revenues |  | $ | 2,459.9 |  |  | $ | 2,511.7 |  |  | $ | 1,230.9 |  |  | $ | 1,275.4 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Segment Operating Profit, including a reconciliation to Income before Income Taxes, for the six and three months ended June 30, 2020 and 2019 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2020 |  | Jun 30, 2019 |  | Jun 30, 2020 |  | Jun 30, 2019
Segment Operating Profit: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | 159.5 |  |  | $ | 178.8 |  |  | $ | 84.5 |  |  | 79.4 |
Preferred Property & Casualty Insurance |  | 23.8 |  |  | 9.7 |  |  | 0.8 |  |  | $ | 6.4 |
Life & Health Insurance |  | 46.4 |  |  | 45.4 |  |  | 19.9 |  |  | 16.1 |
Total Segment Operating Profit |  | 229.7 |  |  | 233.9 |  |  | 105.2 |  |  | 101.9 |
Corporate and Other Operating Profit (Loss) From: |  |  |  |  |  |  |  |
Partial Satisfaction of Judgment |  | 89.4 |  |  | 20.1 |  |  | — |  |  | 20.1 |
Other |  | (15.8 | ) |  | (21.0 | ) |  | (4.7 | ) |  | (12.4 | )
Corporate and Other Operating Profit (Loss) |  | 73.6 |  |  | (0.9 | ) |  | (4.7 | ) |  | 7.7 |
Adjusted Consolidated Operating Profit |  | 303.3 |  |  | 233.0 |  |  | 100.5 |  |  | 109.6 |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | (46.2 | ) |  | 89.9 |  |  | 71.6 |  |  | 25.5 |
Net Realized Gains on Sales of Investments |  | 28.2 |  |  | 37.4 |  |  | 11.7 |  |  | 21.3 |
Impairment Losses |  | (19.0 | ) |  | (10.3 | ) |  | (7.0 | ) |  | (6.7 | )
Acquisition Related Transaction, Integration and Other Costs |  | (28.9 | ) |  | (6.8 | ) |  | (17.1 | ) |  | (1.2 | )
Income before Income Taxes |  | $ | 237.4 |  |  | $ | 343.2 |  |  | $ | 159.7 |  |  | $ | 148.5 |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated | Segment Net Operating Income, including a reconciliation to Net Income, for the six and three months ended June 30, 2020 and 2019 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions and Net of Income Taxes) |  | Jun 30, 2020 |  | Jun 30, 2019 |  | Jun 30, 2020 |  | Jun 30, 2019
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | 127.6 |  |  | $ | 142.3 |  |  | $ | 67.5 |  |  | $ | 62.7 |
Preferred Property & Casualty Insurance |  | 19.3 |  |  | 8.0 |  |  | 0.9 |  |  | 5.2 |
Life & Health Insurance |  | 38.4 |  |  | 36.4 |  |  | 16.1 |  |  | 13.3 |
Total Segment Net Operating Income |  | 185.3 |  |  | 186.7 |  |  | 84.5 |  |  | 81.2 |
Corporate and Other Net Operating Income (Loss) From: |  |  |  |  |  |  |  |
Partial Satisfaction of Judgment |  | 70.6 |  |  | 15.9 |  |  | — |  |  | 15.9 |
Other |  | (13.8 | ) |  | (12.2 | ) |  | (5.3 | ) |  | (5.6 | )
Total Corporate and Other Net Operating Income (Loss) |  | 56.8 |  |  | 3.7 |  |  | (5.3 | ) |  | 10.3 |
Adjusted Consolidated Net Operating Income |  | 242.1 |  |  | 190.4 |  |  | 79.2 |  |  | 91.5 |
Net Income (Loss) From: |  |  |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | (36.5 | ) |  | 71.0 |  |  | 56.6 |  |  | 20.1 |
Net Realized Gains on Sales of Investments |  | 22.3 |  |  | 29.5 |  |  | 9.3 |  |  | 16.8 |
Impairment Losses |  | (15.0 | ) |  | (8.1 | ) |  | (5.5 | ) |  | (5.3 | )
Acquisition Related Transaction, Integration and Other Costs |  | (22.8 | ) |  | (5.4 | ) |  | (13.5 | ) |  | (1.0 | )
Net Income |  | $ | 190.1 |  |  | $ | 277.4 |  |  | $ | 126.1 |  |  | $ | 122.1 |

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