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Business Segments (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Revenue from External Customers by Products and Services

Earned Premiums by product line for the nine and three months ended September 30, 2021 and 2020 were:

						Nine Months Ended												Three Months Ended
(Dollars in Millions)						Sep 30, 2021						Sep 30, 2020						Sep 30, 2021						Sep 30, 2020
Specialty Property & Casualty Insurance:
Specialty Automobile						$	2,615.6					$	2,235.2					$	920.6					$	792.2
Commercial Automobile						300.6						217.7						107.7						79.2
Preferred Property & Casualty Insurance:
Personal Automobile						309.1						324.6						102.6						110.6
Homeowners						154.6						167.4						52.5						55.0
Other Personal Lines						25.4						27.0						8.6						8.9
Life & Health Insurance:
Life						300.2						289.2						101.5						96.3
Accident and Health						142.3						149.1						47.0						48.9
Property						46.8						48.0						15.6						15.4
Total Earned Premiums						$	3,894.6					$	3,458.2					$	1,356.1					$	1,206.5

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2021 and 2020 were:

						Nine Months Ended												Three Months Ended
(Dollars in Millions)						Sep 30, 2021						Sep 30, 2020						Sep 30, 2021						Sep 30, 2020
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums						$	2,916.2					$	2,452.9					$	1,028.3					$	871.4
Net Investment Income						114.7						76.2						37.0						30.5
Change in Value of Alternative Energy Partnership Investments						(22.3)						—						(11.3)						—
Other Income						3.1						1.4						1.2						0.4
Total Specialty Property & Casualty Insurance						3,011.7						2,530.5						1,055.2						902.3
Preferred Property & Casualty Insurance:
Earned Premiums						489.1						519.0						163.7						174.5
Net Investment Income						51.5						24.3						16.1						10.3
Change in Value of Alternative Energy Partnership Investments						(12.5)						—						(6.4)						—
Other Income						—						0.1						—						—
Total Preferred Property & Casualty Insurance						528.1						543.4						173.4						184.8
Life & Health Insurance:
Earned Premiums						489.3						486.3						164.1						160.6
Net Investment Income						151.9						146.0						48.4						50.7
Change in Value of Alternative Energy Partnership Investments						(12.1)						—						(6.1)						—
Other Income						0.3						0.6						0.1						—
Total Life & Health Insurance						629.4						632.9						206.5						211.3
Total Segment Revenues						4,169.2						3,706.8						1,435.1						1,298.4
Income (Loss) from Change in Fair Value of Equity and Convertible    Securities						92.4						(1.0)						(0.6)						45.2
Net Realized Gains on Sales of Investments						43.1						38.2						10.1						10.0
Impairment Losses						(7.8)						(20.0)						(0.6)						(1.0)
Other						18.2						89.6						11.4						1.1
Total Revenues						$	4,315.1					$	3,813.6					$	1,455.4					$	1,353.7

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Segment Operating Income (Loss), including a reconciliation to Income (Loss) before Income Taxes, for the nine and three months ended September 30, 2021 and 2020 was:

						Nine Months Ended												Three Months Ended
(Dollars in Millions)						Sep 30, 2021						Sep 30, 2020						Sep 30, 2021						Sep 30, 2020
Segment Operating Income (Loss):
Specialty Property & Casualty Insurance						$	(128.7)					$	309.4					$	(91.8)					$	149.9
Preferred Property & Casualty Insurance						(27.8)						(18.0)						(17.4)						(41.8)
Life & Health Insurance						6.5						61.6						(5.9)						15.2
Total Segment Operating Income (Loss)						(150.0)						353.0						(115.1)						123.3
Corporate and Other Operating Income (Loss) From:
Partial Satisfaction of Judgment						—						89.4						—						—
Other						(40.8)						(26.8)						(15.5)						(11.0)
Corporate and Other Operating Income (Loss)						(40.8)						62.6						(15.5)						(11.0)
Adjusted Consolidated Operating Income (Loss)						(190.8)						415.6						(130.6)						112.3
Income (Loss) from Change in Fair Value of Equity and Convertible Securities						92.4						(1.0)						(0.6)						45.2
Net Realized Gains on Sales of Investments						43.1						38.2						10.1						10.0
Impairment Losses						(7.8)						(20.0)						(0.6)						(1.0)
Acquisition Related Transaction, Integration and Other Costs						(34.8)						(43.3)						(8.1)						(14.4)
Income (Loss) before Income Taxes						$	(97.9)					$	389.5					$	(129.8)					$	152.1

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Segment Net Operating Income (Loss), including a reconciliation to Net Income (Loss), for the nine and three months ended September 30, 2021 and 2020 was:

						Nine Months Ended												Three Months Ended
(Dollars in Millions and Net of Income Taxes)						Sep 30, 2021						Sep 30, 2020						Sep 30, 2021						Sep 30, 2020
Segment Net Operating Income (Loss):
Specialty Property & Casualty Insurance						$	(70.9)					$	246.8					$	(59.3)					$	119.2
Preferred Property & Casualty Insurance						(5.1)						(13.4)						(6.4)						(32.7)
Life & Health Insurance						23.1						50.6						2.8						12.2
Total Segment Net Operating Income (Loss)						(52.9)						284.0						(62.9)						98.7
Corporate and Other Net Operating Income (Loss) From:
Partial Satisfaction of Judgment						—						70.6						—						—
Other						(35.1)						(21.6)						(12.9)						(7.8)
Total Corporate and Other Net Operating Income (Loss)						(35.1)						49.0						(12.9)						(7.8)
Adjusted Consolidated Net Operating Income (Loss)						(88.0)						333.0						(75.8)						90.9
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities						73.0						(0.8)						(0.5)						35.7
Net Realized Gains on Sales of Investments						34.0						30.2						7.9						7.9
Impairment Losses						(6.2)						(15.8)						(0.5)						(0.8)
Acquisition Related Transaction, Integration and Other Costs						(27.5)						(34.2)						(6.4)						(11.4)
Net Income (Loss)						$	(14.7)					$	312.4					$	(75.3)					$	122.3

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