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Segment Information
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company conducts and manages its business in four reporting segments. The three operating 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 operating segments, consistent with the basis for management's evaluation of the results of those 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 in Corporate & Other have also included corporate debt retirement costs, when applicable.
Summarized financial information for these segments is as follows:
($ in millions)Three Months Ended
March 31,
20232022
Net premiums and contract charges earned
Property & Casualty$152.4 $150.2 
Life & Retirement37.7 35.8 
Supplemental & Group Benefits65.8 69.8 
Total$255.9 $255.8 
Net investment income
Property & Casualty$4.0 $7.2 
Life & Retirement87.9 84.2 
Supplemental & Group Benefits9.1 7.1 
Corporate & Other— — 
Intersegment eliminations(0.6)(0.6)
Total$100.4 $97.9 
Net income (loss)
Property & Casualty$(11.6)$8.5 
Life & Retirement14.0 15.6 
Supplemental & Group Benefits14.0 13.2 
Corporate & Other(9.8)(17.0)
Total$6.6 $20.3 
($ in millions)March 31, 2023December 31, 2022
Assets
Property & Casualty$1,077.0 $1,083.8 
Life & Retirement11,085.1 10,754.5 
Supplemental & Group Benefits1,377.1 1,359.3 
Corporate & Other169.0 173.4 
Intersegment eliminations(54.3)(64.9)
Total$13,653.9 $13,306.1