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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

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