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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company conducts and manages its business through four reporting segments. The three reporting segments representing the major lines of business, are: (1) Property & Casualty (primarily personal lines of auto and property insurance products), (2) Life & Retirement (primarily tax-qualified fixed and variable annuities as well as life insurance products), and (3) Supplemental & Group Benefits (primarily cancer, heart, hospital, supplemental disability, accident, short-term and long-term group disability, and group term life coverages). The Company does not allocate the impact of corporate-level transactions to these reporting segments, consistent with the basis for management's evaluation of the results of those reporting segments, but classifies those items in the fourth reporting segment, Corporate & Other. In addition to ongoing transactions such as corporate debt service, net investment gains (losses) and certain public company expenses, such items also have included corporate debt retirement costs, when applicable. In 2021 and prior, the Company conducted and managed its business through five reporting segments. The four reporting segments representing the major lines of business, were: (1) Property & Casualty, (2) Supplemental, (3) Retirement, and (4) Life. The Company did not allocate the impact of corporate-level transactions to these reporting segments, consistent with the basis for management's evaluation of the results of those reporting segments, but classifies those items in the fifth reporting segment, Corporate & Other. The change in reporting segments in 2022 aligns with leadership assignments and how the Company makes operating decisions and assesses performance as well as maintaining discrete financial information to evaluate performance and allocate resources. Accordingly, the presentation of prior period reporting segment information has been reclassified to conform to the current year's presentation. The accounting policies of the reporting segments are the same as those described in Note 1. The Company accounts for intersegment transactions, primarily the allocation of operating and agency costs from Corporate & Other to Property & Casualty, Life & Retirement, and Supplemental & Group Benefits on a direct cost basis. Summarized financial information for these segments is as follows:
($ in millions) |  | December 31,
|  | 2022 |  | 2021 |  | 2020
Net premiums and contract charges earned |  |  |  |  |  |
Property & Casualty |  | $ | 608.2 |  |  | $ | 617.4 |  |  | $ | 650.1 |
Life & Retirement |  | 145.3 |  |  | 144.2 |  |  | 147.0 |
Supplemental & Group Benefits(1) |  | 275.5 |  |  | 128.0 |  |  | 133.6 |
Total |  | $ | 1,029.0 |  |  | $ | 889.6 |  |  | $ | 930.7 |
Net investment income |  |  |  |  |  |
Property & Casualty |  | $ | 31.4 |  |  | $ | 61.1 |  |  | $ | 42.6 |
Life & Retirement |  | 338.3 |  |  | 338.6 |  |  | 299.3 |
Supplemental & Group Benefits(1) |  | 33.3 |  |  | 25.2 |  |  | 18.1 |
Corporate & Other |  | — |  |  | (0.1) |  |  | (0.2) |
Intersegment eliminations |  | (2.1) |  |  | (2.3) |  |  | (2.2) |
Total |  | $ | 400.9 |  |  | $ | 422.5 |  |  | $ | 357.6 |
Net income (loss) |  |  |  |  |  |
Property & Casualty |  | $ | (44.4) |  |  | $ | 57.0 |  |  | $ | 76.5 |
Life & Retirement |  | 48.8 |  |  | 68.4 |  |  | 30.7 |
Supplemental & Group Benefits(1) |  | 58.5 |  |  | 46.0 |  |  | 42.9 |
Corporate & Other |  | (65.5) |  |  | (28.6) |  |  | (16.8) |
Total |  | $ | (2.6) |  |  | $ | 142.8 |  |  | $ | 133.3 |
($ in millions) |  | December 31,
|  | 2022 |  | 2021 |  | 2020
Assets |  |  |  |  |  |
Property & Casualty |  | $ | 1,083.8 |  |  | $ | 1,243.4 |  |  | $ | 1,324.9 |
Life & Retirement |  | 10,858.3 |  |  | 12,068.6 |  |  | 11,243.2 |
Supplemental & Group Benefits(1) |  | 1,396.1 |  |  | 854.9 |  |  | 811.5 |
Corporate & Other |  | 173.4 |  |  | 281.8 |  |  | 182.3 |
Intersegment eliminations |  | (64.8) |  |  | (64.8) |  |  | (90.1) |
Total |  | $ | 13,446.8 |  |  | $ | 14,383.9 |  |  | $ | 13,471.8 |
Additional significant financial information for these segments is as follows:
($ in millions) |  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
DAC amortization expense |  |  |  |  |  |
Property & Casualty |  | $ | 64.3 |  |  | $ | 67.7 |  |  | $ | 74.4 |
Life & Retirement |  | 32.8 |  |  | 25.5 |  |  | 23.8 |
Supplemental & Group Benefits(1) |  | 1.6 |  |  | 1.5 |  |  | 1.7 |
Total |  | $ | 98.7 |  |  | $ | 94.7 |  |  | $ | 99.9 |
Income tax expense (benefit) |  |  |  |  |  |
Property & Casualty |  | $ | (13.8) |  |  | $ | 13.2 |  |  | $ | 15.4 |
Life & Retirement |  | 6.6 |  |  | 13.6 |  |  | 4.6 |
Supplemental & Group Benefits(1) |  | 16.1 |  |  | 12.6 |  |  | 12.0 |
Corporate & Other |  | (18.2) |  |  | (7.3) |  |  | (5.7) |
Total |  | $ | (9.3) |  |  | $ | 32.1 |  |  | $ | 26.3 |
(1) Group Benefits was acquired effective January 1, 2022 and thus, comparison to amounts for the years ended December 31, 2021 and 2020 is not meaningful.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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