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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Assets | Segment Assets at December 31, 2021 and 2020 were:
DOLLARS IN MILLIONS |  | 2021 |  | 2020
Specialty Property & Casualty Insurance |  | $ | 5,936.5 |  |  | $ | 4,897.1 |
Preferred Property & Casualty Insurance |  | 1,230.1 |  |  | 1,711.2 |
Life & Health Insurance |  | 6,062.6 |  |  | 6,457.0 |
Corporate and Other, Net |  | 1,687.3 |  |  | 1,276.6 |
Total Assets |  | $ | 14,916.5 |  |  | $ | 14,341.9 |
Earned Premiums by Product Line | Earned Premiums by product line for the years ended December 31, 2021, 2020 and 2019 were:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Specialty Property & Casualty Insurance: |  |  |  |  |  |
Specialty Automobile |  | $ | 3,533.7 |  |  | $ | 3,031.3 |  |  | $ | 2,825.6 |
Commercial Automobile |  | 414.8 |  |  | 304.0 |  |  | 252.8 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |
Preferred Automobile |  | 410.5 |  |  | 431.7 |  |  | 470.2 |
Homeowners |  | 207.3 |  |  | 220.7 |  |  | 241.3 |
Other Personal Lines |  | 33.9 |  |  | 35.8 |  |  | 38.8 |
Life & Health Insurance: |  |  |  |  |  |
Life |  | 401.7 |  |  | 385.7 |  |  | 384.6 |
Accident & Health |  | 189.9 |  |  | 199.3 |  |  | 190.9 |
Property |  | 61.9 |  |  | 63.7 |  |  | 68.2 |
Total Earned Premiums |  | $ | 5,253.7 |  |  | $ | 4,672.2 |  |  | $ | 4,472.4 |
Segment Revenues | Segment Revenues, including a reconciliation to Total Revenues, for the years ended December 31, 2021, 2020 and 2019 were:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Segment Revenues: |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |
Earned Premiums |  | $ | 3,948.5 |  |  | $ | 3,335.3 |  |  | $ | 3,078.4 |
Net Investment Income |  | 152.5 |  |  | 114.1 |  |  | 107.5 |
Change in Value of Alternative Energy Partnership Investments |  | (29.0) |  |  | — |  |  | — |
Other Income |  | 4.1 |  |  | 1.8 |  |  | 7.0 |
Total Specialty Property & Casualty Insurance |  | 4,076.1 |  |  | 3,451.2 |  |  | 3,192.9 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |
Earned Premiums |  | 651.7 |  |  | 688.2 |  |  | 750.3 |
Net Investment Income |  | 68.6 |  |  | 37.7 |  |  | 44.1 |
Change in Value of Alternative Energy Partnership Investments |  | (16.3) |  |  | — |  |  | — |
Other Income |  | — |  |  | 0.1 |  |  | — |
Total Preferred Property & Casualty Insurance |  | 704.0 |  |  | 726.0 |  |  | 794.4 |
Life & Health Insurance: |  |  |  |  |  |
Earned Premiums |  | 653.5 |  |  | 648.7 |  |  | 643.7 |
Net Investment Income |  | 202.7 |  |  | 198.8 |  |  | 206.4 |
Change in Value of Alternative Energy Partnership Investments |  | (15.8) |  |  | — |  |  | — |
Other Income |  | (1.3) |  |  | 0.6 |  |  | 8.5 |
Total Life & Health Insurance |  | 839.1 |  |  | 848.1 |  |  | 858.6 |
Total Segment Revenues |  | 5,619.2 |  |  | 5,025.3 |  |  | 4,845.9 |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | 114.6 |  |  | 72.1 |  |  | 138.9 |
Net Realized Gains on the Sales of Investments |  | 64.8 |  |  | 38.1 |  |  | 41.9 |
Net Impairment Losses Recognized in Earnings |  | (11.0) |  |  | (19.5) |  |  | (13.8) |
Other |  | 5.4 |  |  | 89.7 |  |  | 26.3 |
Total Revenues |  | $ | 5,793.0 |  |  | $ | 5,205.7 |  |  | $ | 5,039.2 |
Segment Operating Profit | Segment Operating Income (Loss), including a reconciliation to Income (Loss) before Income Taxes, for the years ended December 31, 2021, 2020 and 2019 was:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Segment Operating Income (Loss): |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | (292.1) |  |  | $ | 420.9 |  |  | $ | 355.9 |
Preferred Property & Casualty Insurance |  | (39.8) |  |  | 1.8 |  |  | 52.3 |
Life & Health Insurance |  | 10.5 |  |  | 71.2 |  |  | 121.9 |
Total Segment Operating Income (Loss) |  | (321.4) |  |  | 493.9 |  |  | 530.1 |
Corporate and Other Operating Income (Loss) From: |  |  |  |  |  |
Partial Satisfaction of Judgment |  | — |  |  | 89.4 |  |  | 20.1 |
Other |  | (48.4) |  |  | (36.5) |  |  | (31.4) |
Corporate and Other Operating Income (Loss) |  | (48.4) |  |  | 52.9 |  |  | (11.3) |
Adjusted Consolidated Operating Income (Loss) |  | (369.8) |  |  | 546.8 |  |  | 518.8 |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | 114.6 |  |  | 72.1 |  |  | 138.9 |
Net Realized Gains on Sales of Investments |  | 64.8 |  |  | 38.1 |  |  | 41.9 |
Impairment Losses |  | (11.0) |  |  | (19.5) |  |  | (13.8) |
Acquisition Related Transaction, Integration and Other Costs |  | (43.9) |  |  | (63.3) |  |  | (18.4) |
Pension Obligation Settlement Costs |  | — |  |  | (64.1) |  |  | — |
Loss from Early Extinguishment of Debt |  | — |  |  | — |  |  | (5.8) |
Income (loss) before Income Taxes |  | $ | (245.3) |  |  | $ | 510.1 |  |  | $ | 661.6 |
Segment Net Income (Loss) | Segment Net Operating Income (Loss), including a reconciliation to Net Income (Loss), for the years ended December 31, 2021, 2020 and 2019 was:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Segment Net Operating Income (Loss): |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | (196.1) |  |  | $ | 337.9 |  |  | $ | 283.1 |
Preferred Property & Casualty Insurance |  | (12.5) |  |  | 3.5 |  |  | 41.9 |
Life & Health Insurance |  | 28.2 |  |  | 60.0 |  |  | 98.7 |
Total Segment Net Operating Income (Loss) |  | (180.4) |  |  | 401.4 |  |  | 423.7 |
Corporate and Other Net Operating Income (Loss) From: |  |  |  |  |  |
Partial Satisfaction of Judgment |  | — |  |  | 70.6 |  |  | 15.9 |
Other |  | (38.4) |  |  | (33.2) |  |  | (21.3) |
Total Corporate and Other Net Operating Income (Loss) |  | (38.4) |  |  | 37.4 |  |  | (5.4) |
Adjusted Consolidated Net Operating Income (Loss) |  | (218.8) |  |  | 438.8 |  |  | 418.3 |
Net Income (Loss) From: |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | 90.5 |  |  | 57.0 |  |  | 109.7 |
Net Realized Gains on Sales of Investments |  | 51.2 |  |  | 30.1 |  |  | 33.1 |
Impairment Losses |  | (8.7) |  |  | (15.4) |  |  | (10.9) |
Acquisition Related Transaction, Integration and Other Costs |  | (34.7) |  |  | (50.0) |  |  | (14.5) |
Pension Obligation Settlement Costs |  | — |  |  | (50.6) |  |  | — |
Loss from Early Extinguishment of Debt |  | — |  |  | — |  |  | (4.6) |
Net Income (Loss) |  | $ | (120.5) |  |  | $ | 409.9 |  |  | $ | 531.1 |

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