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Income from Investments (Tables) | 12 Months Ended
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Dec. 31, 2020
Investment Income, Net [Abstract] |
Net Investment Income | Net Investment Income for the years ended December 31, 2020, 2019 and 2018 was:
DOLLARS IN MILLIONS |  | 2020 |  | 2019 |  | 2018
Investment Income: |  |  |  |  |  |
Interest on Fixed Income Securities |  | $ | 289.8 |  |  | $ | 299.4 |  |  | $ | 268.9 |
Dividends on Equity Securities Excluding Alternative Investments |  | 15.4 |  |  | 22.9 |  |  | 13.6 |
Alternative Investments: |  |  |  |  |  |
Equity Method Limited Liability Investments |  | 4.9 |  |  | 1.0 |  |  | 11.0 |
Limited Liability Investments Included in Equity Securities |  | 22.1 |  |  | 18.0 |  |  | 26.4 |
Total Alternative Investments |  | 27.0 |  |  | 19.0 |  |  | 37.4 |
Short-term Investments |  | 5.5 |  |  | 8.2 |  |  | 7.0 |
Loans to Policyholders |  | 22.1 |  |  | 22.6 |  |  | 22.5 |
Real Estate |  | 9.6 |  |  | 9.8 |  |  | 9.6 |
Other |  | 13.2 |  |  | 1.5 |  |  | 0.9 |
Total Investment Income |  | 382.6 |  |  | 383.4 |  |  | 359.9 |
Investment Expenses: |  |  |  |  |  |
Real Estate |  | 8.8 |  |  | 9.6 |  |  | 9.7 |
Other Investment Expenses |  | 25.6 |  |  | 9.5 |  |  | 9.3 |
Total Investment Expenses |  | 34.4 |  |  | 19.1 |  |  | 19.0 |
Net Investment Income |  | $ | 348.2 |  |  | $ | 364.3 |  |  | $ | 340.9 |
Realized Gain (Loss) on Investments | The components of Net Realized Gains on Sales of Investments for the years ended December 31, 2020, 2019 and 2018 were:
DOLLARS IN MILLIONS |  | 2020 |  | 2019 |  | 2018
Fixed Maturities: |  |  |  |  |  |
Gains on Sales |  | $ | 40.6 |  |  | $ | 41.1 |  |  | $ | 25.3 |
Losses on Sales |  | (7.9) |  |  | (4.8) |  |  | (11.1) |
Equity Securities: |  |  |  |  |  |
Gains on Sales |  | 5.9 |  |  | 5.8 |  |  | 12.3 |
Losses on Sales |  | (1.9) |  |  | (0.2) |  |  | — |
Equity Method Limited Liability Investments: |  |  |  |  |  |
Losses on Sales |  | (0.4) |  |  | — |  |  | — |
Real Estate: |  |  |  |  |  |
Gains on Sales |  | 1.8 |  |  | — |  |  | — |
Other Investments: |  |  |  |  |  |
Losses on Sales |  | — |  |  | — |  |  | (0.1) |
Net Realized Gains on Sales of Investments |  | $ | 38.1 |  |  | $ | 41.9 |  |  | $ | 26.4 |
Gross Gains on Sales |  | $ | 48.3 |  |  | $ | 46.9 |  |  | $ | 37.6 |
Gross Losses on Sales |  | (10.2) |  |  | (5.0) |  |  | (11.2) |
Net Realized Gains on Sales of Investments |  | $ | 38.1 |  |  | $ | 41.9 |  |  | $ | 26.4 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings | The components of Impairment Losses reported in the Consolidated Statements of Income for the years ended December 31, 2020, 2019 and 2018 were:
DOLLARS IN MILLIONS |  | 2020 |  | 2019 |  | 2018
Fixed Maturities |  | $ | (16.7) |  |  | $ | (13.3) |  |  | $ | (2.0) |
Equity Securities |  | (2.8) |  |  | (0.5) |  |  | (2.5) |
Impairment Losses |  | $ | (19.5) |  |  | $ | (13.8) |  |  | $ | (4.5) |

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- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27340-111563 + Details
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