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Business Segments (Tables)

12 Months Ended

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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