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v3.22.2.2

Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
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, 2022 and 2021 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2022 |  | Sep 30, 2021 |  | Sep 30, 2022 |  | Sep 30, 2021
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | $ | 2,666.3 |  |  | $ | 2,615.6 |  |  | $ | 858.8 |  |  | $ | 920.6 |
Commercial Automobile |  | 398.5 |  |  | 300.6 |  |  | 140.7 |  |  | 107.7 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | 279.5 |  |  | 309.1 |  |  | 89.5 |  |  | 102.6 |
Homeowners |  | 150.9 |  |  | 154.6 |  |  | 51.9 |  |  | 52.5 |
Other Personal Lines |  | 24.4 |  |  | 25.4 |  |  | 7.9 |  |  | 8.6 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Life |  | 304.6 |  |  | 300.2 |  |  | 100.4 |  |  | 101.5 |
Accident and Health |  | 136.8 |  |  | 142.3 |  |  | 45.9 |  |  | 47.0 |
Property |  | 38.3 |  |  | 46.8 |  |  | 11.9 |  |  | 15.6 |
Total Earned Premiums |  | $ | 3,999.3 |  |  | $ | 3,894.6 |  |  | $ | 1,307.0 |  |  | $ | 1,356.1 |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2022 and 2021 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2022 |  | Sep 30, 2021 |  | Sep 30, 2022 |  | Sep 30, 2021
Segment Revenues: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 3,064.8 |  |  | $ | 2,916.2 |  |  | $ | 999.5 |  |  | $ | 1,028.3 |
Net Investment Income |  | 102.8 |  |  | 114.7 |  |  | 33.9 |  |  | 37.0 |
Change in Value of Alternative Energy Partnership Investments |  | (10.6) |  |  | (22.3) |  |  | 0.3 |  |  | (11.3) |
Other Income |  | 5.0 |  |  | 3.1 |  |  | 2.3 |  |  | 1.2 |
Total Specialty Property & Casualty Insurance |  | 3,162.0 |  |  | 3,011.7 |  |  | 1,036.0 |  |  | 1,055.2 |
Preferred Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 454.8 |  |  | 489.1 |  |  | 149.3 |  |  | 163.7 |
Net Investment Income |  | 36.2 |  |  | 51.5 |  |  | 11.8 |  |  | 16.1 |
Change in Value of Alternative Energy Partnership Investments |  | (5.0) |  |  | (12.5) |  |  | — |  |  | (6.4) |
Total Preferred Property & Casualty Insurance |  | 486.0 |  |  | 528.1 |  |  | 161.1 |  |  | 173.4 |
Life & Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 479.7 |  |  | 489.3 |  |  | 158.2 |  |  | 164.1 |
Net Investment Income |  | 163.9 |  |  | 151.9 |  |  | 52.6 |  |  | 48.4 |
Change in Value of Alternative Energy Partnership Investments |  | (5.6) |  |  | (12.1) |  |  | 0.1 |  |  | (6.1) |
Other Income |  | (0.8) |  |  | 0.3 |  |  | — |  |  | 0.1 |
Total Life & Health Insurance |  | 637.2 |  |  | 629.4 |  |  | 210.9 |  |  | 206.5 |
Total Segment Revenues |  | 4,285.2 |  |  | 4,169.2 |  |  | 1,408.0 |  |  | 1,435.1 |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | (79.9) |  |  | 92.4 |  |  | (11.2) |  |  | (0.6) |
Net Realized Investment Gains (Losses) |  | 0.4 |  |  | 43.1 |  |  | (12.1) |  |  | 10.1 |
Net Impairment Losses Recognized in Earnings |  | (22.1) |  |  | (7.8) |  |  | (8.3) |  |  | (0.6) |
Other |  | 16.5 |  |  | 18.2 |  |  | 1.2 |  |  | 11.4 |
Total Revenues |  | $ | 4,200.1 |  |  | $ | 4,315.1 |  |  | $ | 1,377.6 |  |  | $ | 1,455.4 |
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, 2022 and 2021 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2022 |  | Sep 30, 2021 |  | Sep 30, 2022 |  | Sep 30, 2021
Segment Operating Income (Loss): |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | (150.4) |  |  | $ | (128.7) |  |  | $ | (39.2) |  |  | $ | (91.8) |
Preferred Property & Casualty Insurance |  | (34.4) |  |  | (27.8) |  |  | (3.3) |  |  | (17.4) |
Life & Health Insurance |  | 35.8 |  |  | 6.5 |  |  | 13.8 |  |  | (5.9) |
Total Segment Operating Income (Loss) |  | (149.0) |  |  | (150.0) |  |  | (28.7) |  |  | (115.1) |
Corporate and Other Operating Income (Loss) From: |  |  |  |  |  |  |  |
Other |  | (32.2) |  |  | (40.8) |  |  | (16.6) |  |  | (15.5) |
Corporate and Other Operating Income (Loss) |  | (32.2) |  |  | (40.8) |  |  | (16.6) |  |  | (15.5) |
Adjusted Consolidated Operating Income (Loss) |  | (181.2) |  |  | (190.8) |  |  | (45.3) |  |  | (130.6) |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | (79.9) |  |  | 92.4 |  |  | (11.2) |  |  | (0.6) |
Net Realized Investment Gains (Losses) |  | 0.4 |  |  | 43.1 |  |  | (12.1) |  |  | 10.1 |
Impairment Losses |  | (22.1) |  |  | (7.8) |  |  | (8.3) |  |  | (0.6) |
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs |  | (27.3) |  |  | (34.8) |  |  | (12.7) |  |  | (8.1) |
Loss from Early Extinguishment of Debt |  | (3.7) |  |  | — |  |  | — |  |  | — |
Income (Loss) before Income Taxes |  | $ | (313.8) |  |  | $ | (97.9) |  |  | $ | (89.6) |  |  | $ | (129.8) |
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, 2022 and 2021 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions and Net of Income Taxes) |  | Sep 30, 2022 |  | Sep 30, 2021 |  | Sep 30, 2022 |  | Sep 30, 2021
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  | $ | (112.3) |  |  | $ | (70.9) |  |  | $ | (28.7) |  |  | $ | (59.3) |
Preferred Property & Casualty Insurance |  | (25.0) |  |  | (5.1) |  |  | (2.1) |  |  | (6.4) |
Life & Health Insurance |  | 33.4 |  |  | 23.1 |  |  | 12.6 |  |  | 2.8 |
Total Segment Net Operating Income (Loss) |  | (103.9) |  |  | (52.9) |  |  | (18.2) |  |  | (62.9) |
Corporate and Other Net Operating Income (Loss) From: |  |  |  |  |  |  |  |
Other |  | (26.4) |  |  | (35.1) |  |  | (12.3) |  |  | (12.9) |
Total Corporate and Other Net Operating Income (Loss) |  | (26.4) |  |  | (35.1) |  |  | (12.3) |  |  | (12.9) |
Adjusted Consolidated Net Operating Income (Loss) |  | (130.3) |  |  | (88.0) |  |  | (30.5) |  |  | (75.8) |
Net Income (Loss) From: |  |  |  |  |  |  |  |
Income (Loss) from Change in Fair Value of Equity and Convertible Securities |  | (63.1) |  |  | 73.0 |  |  | (8.8) |  |  | (0.5) |
Net Realized Investment Gains (Losses) |  | 0.3 |  |  | 34.0 |  |  | (9.6) |  |  | 7.9 |
Impairment Losses |  | (17.5) |  |  | (6.2) |  |  | (6.6) |  |  | (0.5) |
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs |  | (32.2) |  |  | (27.5) |  |  | (20.7) |  |  | (6.4) |
Loss from Early Extinguishment of Debt |  | (2.9) |  |  | — |  |  | — |  |  | — |
Net Income (Loss) |  | $ | (245.7) |  |  | $ | (14.7) |  |  | $ | (76.2) |  |  | $ | (75.3) |

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- 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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 + Details
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