XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.21.1

Business Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Segment Reporting [Abstract] |
Revenue from External Customers by Products and Services | Earned Premiums by product line for the three months ended March 31, 2021 and 2020 were:
|  | Three Months Ended |  |
(Dollars in Millions) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Specialty Automobile |  | $ | 785.4 |  |  | $ | 753.2 |  |  |  |  |
Commercial Automobile |  | 92.2 |  |  | 69.3 |  |  |  |  |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | 103.0 |  |  | 114.9 |  |  |  |  |
Homeowners |  | 50.8 |  |  | 56.8 |  |  |  |  |
Other Personal Lines |  | 8.4 |  |  | 9.2 |  |  |  |  |
Life & Health Insurance: |  |  |  |  |  |  |  |
Life |  | 98.1 |  |  | 97.2 |  |  |  |  |
Accident and Health |  | 47.4 |  |  | 49.4 |  |  |  |  |
Property |  | 15.5 |  |  | 16.4 |  |  |  |  |
Total Earned Premiums |  | $ | 1,200.8 |  |  | $ | 1,166.4 |  |  |  |  |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues, including a reconciliation to Total Revenues, for the three months ended March 31, 2021 and 2020 were:
|  | Three Months Ended |  |
(Dollars in Millions) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Segment Revenues: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 877.6 |  |  | $ | 822.5 |  |  |  |  |
Net Investment Income |  | 35.0 |  |  | 28.8 |  |  |  |  |
Change in Value of Alternative Energy Partnership Investments |  | (7.3) |  |  | — |  |  |  |  |
Other Income |  | 0.9 |  |  | 0.9 |  |  |  |  |
Total Specialty Property & Casualty Insurance |  | 906.2 |  |  | 852.2 |  |  |  |  |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 162.2 |  |  | 180.9 |  |  |  |  |
Net Investment Income |  | 15.9 |  |  | 9.7 |  |  |  |  |
Change in Value of Alternative Energy Partnership Investments |  | (4.1) |  |  | — |  |  |  |  |
Total Preferred Property & Casualty Insurance |  | 174.0 |  |  | 190.6 |  |  |  |  |
Life & Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 161.0 |  |  | 163.0 |  |  |  |  |
Net Investment Income |  | 51.1 |  |  | 51.0 |  |  |  |  |
Change in Value of Alternative Energy Partnership Investments |  | (4.0) |  |  | — |  |  |  |  |
Other Income |  | 0.1 |  |  | 0.1 |  |  |  |  |
Total Life & Health Insurance |  | 208.2 |  |  | 214.1 |  |  |  |  |
Total Segment Revenues |  | 1,288.4 |  |  | 1,256.9 |  |  |  |  |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | 52.2 |  |  | (117.8) |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 13.8 |  |  | 16.5 |  |  |  |  |
Impairment Losses |  | (4.0) |  |  | (12.0) |  |  |  |  |
Other |  | 1.6 |  |  | 85.4 |  |  |  |  |
Total Revenues |  | $ | 1,352.0 |  |  | $ | 1,229.0 |  |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Segment Operating Income, including a reconciliation to Income before Income Taxes, for the three months ended March 31, 2021 and 2020 was:
|  | Three Months Ended |  |
(Dollars in Millions) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Segment Operating Income (Loss): |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | 85.2 |  |  | $ | 75.0 |  |  |  |  |
Preferred Property & Casualty Insurance |  | 3.0 |  |  | 23.0 |  |  |  |  |
Life & Health Insurance |  | (0.8) |  |  | 26.5 |  |  |  |  |
Total Segment Operating Income (Loss) |  | 87.4 |  |  | 124.5 |  |  |  |  |
Corporate and Other Operating Income (Loss) From: |  |  |  |  |  |  |  |
Partial Satisfaction of Judgment |  | — |  |  | 89.4 |  |  |  |  |
Other |  | (11.5) |  |  | (11.1) |  |  |  |  |
Corporate and Other Operating Income (Loss) |  | (11.5) |  |  | 78.3 |  |  |  |  |
Adjusted Consolidated Operating Income (Loss) |  | 75.9 |  |  | 202.8 |  |  |  |  |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | 52.2 |  |  | (117.8) |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 13.8 |  |  | 16.5 |  |  |  |  |
Impairment Losses |  | (4.0) |  |  | (12.0) |  |  |  |  |
Acquisition Related Transaction, Integration and Other Costs |  | (16.3) |  |  | (11.8) |  |  |  |  |
Income before Income Taxes |  | $ | 121.6 |  |  | $ | 77.7 |  |  |  |  |
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated | Segment Net Operating Income, including a reconciliation to Net Income, for the three months ended March 31, 2021 and 2020 was:
|  | Three Months Ended |  |
(Dollars in Millions and Net of Income Taxes) |  | Mar 31, 2021 |  | Mar 31, 2020 |  |  |  |
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | 80.1 |  |  | $ | 60.1 |  |  |  |  |
Preferred Property & Casualty Insurance |  | 9.6 |  |  | 18.4 |  |  |  |  |
Life & Health Insurance |  | 7.3 |  |  | 22.3 |  |  |  |  |
Total Segment Net Operating Income (Loss) |  | 97.0 |  |  | 100.8 |  |  |  |  |
Corporate and Other Net Operating Income (Loss) From: |  |  |  |  |  |  |  |
Partial Satisfaction of Judgment |  | — |  |  | 70.6 |  |  |  |  |
Other |  | (9.8) |  |  | (8.5) |  |  |  |  |
Total Corporate and Other Net Operating Income (Loss) |  | (9.8) |  |  | 62.1 |  |  |  |  |
Adjusted Consolidated Net Operating Income (Loss) |  | 87.2 |  |  | 162.9 |  |  |  |  |
Net Income (Loss) From: |  |  |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | 41.2 |  |  | (93.1) |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 10.9 |  |  | 13.0 |  |  |  |  |
Impairment Losses |  | (3.2) |  |  | (9.5) |  |  |  |  |
Acquisition Related Transaction, Integration and Other Costs |  | (12.9) |  |  | (9.3) |  |  |  |  |
Net Income |  | $ | 123.2 |  |  | $ | 64.0 |  |  |  |  |

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