XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill balances by business segment at December 31, 2020 and 2019 were:
DOLLARS IN MILLIONS |  | 2020 |  | 2019
Specialty Property & Casualty Insurance |  | $ | 845.0 |  |  | $ | 845.0 |
Preferred Property & Casualty Insurance |  | 49.6 |  |  | 49.6 |
Life & Health Insurance |  | 219.4 |  |  | 219.4 |
Total |  | $ | 1,114.0 |  |  | $ | 1,114.0 |
Schedule of Definite-Life Intangible Assets | The Gross carrying amount and accumulated amortization of Definite and Indefinite life intangible assets at December 31, 2020 and 2019 were:
|  | 2020 |  | 2019
(Dollars in Millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Definite Life Intangibles |  |  |  |  |  |  |  |  |  |  |  |
Value of Business Acquired |  | $ | 194.5 |  |  | $ | 174.2 |  |  | $ | 20.3 |  |  | $ | 194.5 |  |  | $ | 170.4 |  |  | $ | 24.1 |
Customer Relationships |  | 39.0 |  |  | 35.6 |  |  | 3.4 |  | 39.0 |  |  | 34.7 |  |  | 4.3 |
Agent Relationships |  | 74.4 |  |  | 16.8 |  |  | 57.6 |  | 74.4 |  |  | 11.9 |  |  | 62.5 |
Internal-Use Software |  | 299.6 |  |  | 108.6 |  |  | 191.0 |  | 261.6 |  |  | 71.9 |  |  | 189.7 |
Total Definite Life Intangible Assets |  | 607.5 |  |  | 335.2 |  |  | 272.3 |  | 569.5 |  |  | 288.9 |  |  | 280.6 |
Indefinite Life Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade Names |  | 5.2 |  |  | — |  |  | 5.2 |  | 5.2 |  |  | — |  |  | 5.2 |
Insurance Licenses |  | 42.6 |  |  | — |  |  | 42.6 |  | 42.6 |  |  | — |  |  | 42.6 |
Total Indefinite Life Intangible Assets |  | 47.8 |  |  | — |  |  | 47.8 |  | 47.8 |  |  | — |  |  | 47.8 |
Total Intangible Assets |  | $ | 655.3 |  |  | $ | 335.2 |  |  | $ | 320.1 |  |  | $ | 617.3 |  |  | $ | 288.9 |  |  | $ | 328.4 |
Schedule of Indefinite-Life Intangible Assets | The Gross carrying amount and accumulated amortization of Definite and Indefinite life intangible assets at December 31, 2020 and 2019 were:
|  | 2020 |  | 2019
(Dollars in Millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Definite Life Intangibles |  |  |  |  |  |  |  |  |  |  |  |
Value of Business Acquired |  | $ | 194.5 |  |  | $ | 174.2 |  |  | $ | 20.3 |  |  | $ | 194.5 |  |  | $ | 170.4 |  |  | $ | 24.1 |
Customer Relationships |  | 39.0 |  |  | 35.6 |  |  | 3.4 |  | 39.0 |  |  | 34.7 |  |  | 4.3 |
Agent Relationships |  | 74.4 |  |  | 16.8 |  |  | 57.6 |  | 74.4 |  |  | 11.9 |  |  | 62.5 |
Internal-Use Software |  | 299.6 |  |  | 108.6 |  |  | 191.0 |  | 261.6 |  |  | 71.9 |  |  | 189.7 |
Total Definite Life Intangible Assets |  | 607.5 |  |  | 335.2 |  |  | 272.3 |  | 569.5 |  |  | 288.9 |  |  | 280.6 |
Indefinite Life Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade Names |  | 5.2 |  |  | — |  |  | 5.2 |  | 5.2 |  |  | — |  |  | 5.2 |
Insurance Licenses |  | 42.6 |  |  | — |  |  | 42.6 |  | 42.6 |  |  | — |  |  | 42.6 |
Total Indefinite Life Intangible Assets |  | 47.8 |  |  | — |  |  | 47.8 |  | 47.8 |  |  | — |  |  | 47.8 |
Total Intangible Assets |  | $ | 655.3 |  |  | $ | 335.2 |  |  | $ | 320.1 |  |  | $ | 617.3 |  |  | $ | 288.9 |  |  | $ | 328.4 |
Schedule of Definite-Life Intangible Assets, Future Amortization Expense | The amount of amortization expense expected to be recorded in the next five years for definite life intangible assets is as follows:
DOLLARS IN MILLIONS |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  |
Definite Life Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
Value of Business Acquired |  | $ | 3.4 |  |  | $ | 1.9 |  |  | $ | 1.9 |  |  | $ | 1.8 |  |  | $ | 1.8 |  |  |
Customer Relationships |  | 0.7 |  |  | 0.6 |  |  | 0.5 |  |  | 0.4 |  |  | 0.4 |  |  |
Agent Relationships |  | 5.0 |  |  | 5.0 |  |  | 5.0 |  |  | 5.0 |  |  | 5.0 |  |  |
Internal-Use Software |  | 24.8 |  |  | 25.6 |  |  | 22.8 |  |  | 19.4 |  |  | 15.4 |  |  |
Total |  | $ | 33.9 |  |  | $ | 33.1 |  |  | $ | 30.2 |  |  | $ | 26.6 |  |  | $ | 22.6 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration