XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2

Business Segments (Tables)

6 Months Ended

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

X

- 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=120311839&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=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ 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=120311839&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 (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ 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=120311839&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 (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=120311839&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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