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Segment Information
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
2023202220232022
Net premiums and contract charges earned
Property & Casualty$164.3 $152.4 $474.1 $452.5 
Life & Retirement38.2 36.8 113.3 108.9 
Supplemental & Group Benefits63.5 68.2 195.2 207.2 
Total$266.0 $257.4 $782.6 $768.6 
Net investment income
Property & Casualty$12.0 $8.0 $26.6 $22.9 
Life & Retirement96.9 81.4 274.1 254.0 
Supplemental & Group Benefits10.3 8.7 28.5 25.4 
Corporate & Other0.2 — 0.2 — 
Intersegment eliminations(0.5)(0.5)(1.6)(1.6)
Total$118.9 $97.6 $327.8 $300.7 
Net income (loss)
Property & Casualty$(11.3)$(2.5)$(44.3)$(19.4)
Life & Retirement20.9 17.7 52.3 57.1 
Supplemental & Group Benefits15.8 20.7 41.6 48.9 
Corporate & Other(13.7)(15.5)(44.1)(50.1)
Total$11.7 $20.4 $5.5 $36.5 
($ in millions)September 30, 2023December 31, 2022
Assets
Property & Casualty$1,142.2 $1,083.8 
Life & Retirement10,856.2 10,754.5 
Supplemental & Group Benefits1,299.8 1,359.3 
Corporate & Other172.6 173.4 
Intersegment eliminations(58.4)(64.9)
Total$13,412.5 $13,306.1