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v3.25.0.1

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information for these Segments | Disaggregated financial information for these segments, as regularly provided to the CODM, is as follows:
December 31, 2024 |  | Property & Casualty |  | Life & Retirement |  | Supplemental & Group Benefits |  | Corporate & Other* |  | Totals
($ in millions) |  |  |  |  |
Net premiums and contract charges earned |  | $ | 736.5 |  |  | $ | 154.6 |  |  | $ | 254.9 |  |  | $ | — |  |  | $ | 1,146.0 |
Net investment income |  | 46.0 |  |  | 363.6 |  |  | 38.1 |  |  | (2.0) |  |  | 445.7 |
Other segment income |  | 2.3 |  |  | 20.2 |  |  | (4.6) |  |  | 2.9 |  |  | 20.8 |
Total segment revenues |  | $ | 784.8 |  |  | $ | 538.4 |  |  | $ | 288.4 |  |  | $ | 0.9 |  |  | $ | 1,612.5 |
Benefits and claims expenses (excluding catastrophe losses) |  | $ | 353.3 |  |  | $ | 125.2 |  |  | $ | 78.8 |  |  | $ | — |  |  | $ | 557.3 |
Catastrophe losses |  | 94.9 |  |  | — |  |  | — |  |  | — |  |  | 94.9 |
Loss adjustment expenses |  | 72.8 |  |  | — |  |  | — |  |  | — |  |  | 72.8 |
Interest credited |  | — |  |  | 211.2 |  |  | 4.7 |  |  | — |  |  | 215.9 |
Operating & admin expenses |  | 122.4 |  |  | 93.2 |  |  | 70.7 |  |  | 8.6 |  |  | 294.9 |
Commissions expense |  | 63.0 |  |  | 41.1 |  |  | 38.1 |  |  | — |  |  | 142.2 |
Taxes, licenses and fees |  | 20.2 |  |  | 3.8 |  |  | 5.9 |  |  | 0.7 |  |  | 30.6 |
Deferred policy acquisition costs |  | (89.8) |  |  | (28.3) |  |  | (4.1) |  |  | — |  |  | (122.2) |
Deferred policy acquisition cost amortization |  | 84.6 |  |  | 24.6 |  |  | 1.9 |  |  | — |  |  | 111.1 |
Intangible asset amortization |  | — |  |  | 0.2 |  |  | 14.3 |  |  | — |  |  | 14.5 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 34.6 |  |  | 34.6 |
Total segment expenses |  | $ | 721.4 |  |  | $ | 471.0 |  |  | $ | 210.3 |  |  | $ | 43.9 |  |  | $ | 1,446.6 |
Pretax profit (loss) |  | $ | 63.4 |  |  | $ | 67.4 |  |  | $ | 78.1 |  |  | $ | (43.0) |  |  | $ | 165.9 |
Income tax expense |  | 14.3 |  |  | 11.1 |  |  | 17.7 |  |  | (9.3) |  |  | 33.8 |
Segment profit (loss) (Core earnings) |  | 49.1 |  |  | 56.3 |  |  | 60.4 |  |  | (33.7) |  |  | 132.1 |
Net investment losses (after-tax) |  | — |  |  | — |  |  | — |  |  | (13.6) |  |  | (13.6) |
Non-core Legacy Commercial exposures (before-tax) |  | — |  |  | — |  |  | — |  |  | (20.0) |  |  | (20.0) |
Non-core Legacy Commercial exposures (after-tax) |  | — |  |  | — |  |  | — |  |  | (15.7) |  |  | (15.7) |
Net income |  | $ | 49.1 |  |  | $ | 56.3 |  |  | $ | 60.4 |  |  | $ | (63.0) |  |  | $ | 102.8 |
December 31, 2023 |  | Property & Casualty |  | Life & Retirement |  | Supplemental & Group Benefits |  | Corporate & Other* |  | Totals
($ in millions) |  |  |  |  |
Net premiums and contract charges earned |  | $ | 645.6 |  |  | $ | 151.7 |  |  | $ | 259.8 |  |  | $ | — |  |  | $ | 1,057.1 |
Net investment income |  | 37.9 |  |  | 369.9 |  |  | 38.9 |  |  | (1.9) |  |  | 444.8 |
Other segment income |  | 2.8 |  |  | 17.0 |  |  | (11.1) |  |  | 5.3 |  |  | 14.0 |
Total segment revenues |  | $ | 686.3 |  |  | $ | 538.6 |  |  | $ | 287.6 |  |  | $ | 3.4 |  |  | $ | 1,515.9 |
Benefits and claims expenses (excluding catastrophe losses) |  | $ | 387.9 |  |  | $ | 123.2 |  |  | $ | 88.9 |  |  | $ | — |  |  | $ | 600.0 |
Catastrophe losses |  | 97.6 |  |  | — |  |  | — |  |  | — |  |  | 97.6 |
Loss adjustment expenses |  | 71.5 |  |  | — |  |  | — |  |  | — |  |  | 71.5 |
Interest credited |  | — |  |  | 201.8 |  |  | 3.9 |  |  | — |  |  | 205.7 |
Operating & admin expenses |  | 109.2 |  |  | 83.9 |  |  | 66.9 |  |  | 7.0 |  |  | 267.0 |
Commissions expense |  | 52.6 |  |  | 37.2 |  |  | 40.6 |  |  | — |  |  | 130.4 |
Taxes, licenses and fees |  | 17.7 |  |  | 3.9 |  |  | 5.7 |  |  | 0.4 |  |  | 27.7 |
Deferred policy acquisition costs |  | (76.2) |  |  | (26.2) |  |  | (4.6) |  |  | — |  |  | (107.0) |
Deferred policy acquisition cost amortization |  | 71.3 |  |  | 28.0 |  |  | 1.9 |  |  | — |  |  | 101.2 |
Intangible asset amortization |  | — |  |  | 0.2 |  |  | 14.6 |  |  | — |  |  | 14.8 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 29.7 |  |  | 29.7 |
Total segment expenses |  | $ | 731.6 |  |  | $ | 452.0 |  |  | $ | 217.9 |  |  | $ | 37.1 |  |  | $ | 1,438.6 |
Pretax profit (loss) |  | $ | (45.3) |  |  | $ | 86.6 |  |  | $ | 69.7 |  |  | $ | (33.7) |  |  | $ | 77.3 |
Income tax expense |  | (9.8) |  |  | 15.1 |  |  | 14.8 |  |  | (6.6) |  |  | 13.5 |
Segment profit (loss) (Core earnings) |  | (35.5) |  |  | 71.5 |  |  | 54.9 |  |  | (27.1) |  |  | 63.8 |
Net investment losses (after-tax) |  | — |  |  | — |  |  | — |  |  | (18.8) |  |  | (18.8) |
Net income |  | $ | (35.5) |  |  | $ | 71.5 |  |  | $ | 54.9 |  |  | $ | (45.9) |  |  | $ | 45.0 |
December 31, 2022 |  | Property & Casualty |  | Life & Retirement |  | Supplemental & Group Benefits |  | Corporate & Other* |  | Totals
($ in millions) |  |  |  |  |
Net premiums and contract charges earned |  | $ | 608.2 |  |  | $ | 144.0 |  |  | $ | 275.5 |  |  | $ | — |  |  | $ | 1,027.7 |
Net investment income |  | 31.4 |  |  | 338.3 |  |  | 33.3 |  |  | (2.1) |  |  | 400.9 |
Other segment income |  | 3.4 |  |  | 17.0 |  |  | (13.4) |  |  | 2.5 |  |  | 9.5 |
Total segment revenues |  | $ | 643.0 |  |  | $ | 499.3 |  |  | $ | 295.4 |  |  | $ | 0.4 |  |  | $ | 1,438.1 |
Benefits and claims expenses (excluding catastrophe losses) |  | $ | 388.0 |  |  | $ | 121.5 |  |  | $ | 91.2 |  |  | $ | — |  |  | $ | 600.7 |
Catastrophe losses |  | 80.0 |  |  | — |  |  | — |  |  | — |  |  | 80.0 |
Loss adjustment expenses |  | 66.3 |  |  | — |  |  | — |  |  | — |  |  | 66.3 |
Interest credited |  | — |  |  | 172.1 |  |  | 1.3 |  |  | — |  |  | 173.4 |
Operating & admin expenses |  | 104.9 |  |  | 88.5 |  |  | 54.6 |  |  | 7.8 |  |  | 255.8 |
Commissions expense |  | 43.8 |  |  | 37.2 |  |  | 44.1 |  |  | — |  |  | 125.1 |
Taxes, licenses and fees |  | 18.4 |  |  | 4.1 |  |  | 6.1 |  |  | 0.4 |  |  | 29.0 |
Deferred policy acquisition costs |  | (64.5) |  |  | (27.4) |  |  | (2.5) |  |  | — |  |  | (94.4) |
Deferred policy acquisition cost amortization |  | 64.3 |  |  | 23.0 |  |  | 0.9 |  |  | — |  |  | 88.2 |
Intangible asset amortization |  | — |  |  | 1.1 |  |  | 15.7 |  |  | — |  |  | 16.8 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 19.4 |  |  | 19.4 |
Total segment expenses |  | $ | 701.2 |  |  | $ | 420.1 |  |  | $ | 211.4 |  |  | $ | 27.6 |  |  | $ | 1,360.3 |
Pretax profit (loss) |  | $ | (58.2) |  |  | $ | 79.2 |  |  | $ | 84.0 |  |  | $ | (27.2) |  |  | $ | 77.8 |
Income tax expense |  | (13.8) |  |  | 11.6 |  |  | 18.1 |  |  | (6.2) |  |  | 9.7 |
Segment profit (loss) (Core earnings) |  | (44.4) |  |  | 67.6 |  |  | 65.9 |  |  | (21.0) |  |  | 68.1 |
Net investment losses (after-tax) |  | — |  |  | — |  |  | — |  |  | (44.5) |  |  | (44.5) |
Goodwill and intangible asset impairments (after-tax) |  | — |  |  | (3.8) |  |  | — |  |  | — |  |  | (3.8) |
Net income |  | $ | (44.4) |  |  | $ | 63.8 |  |  | $ | 65.9 |  |  | $ | (65.5) |  |  | $ | 19.8 |
*-Corporate & Other is net of intersegment eliminations.
Schedule of Additional Significant Financial Information for these Segments |
($ in millions) |  | December 31,
|  | 2024 |  | 2023 |  | 2022
Assets |  |  |  |  |  |
Property & Casualty |  | $ | 1,272.3 |  |  | $ | 1,218.1 |  |  | $ | 1,083.8 |
Life & Retirement |  | 11,670.7 |  |  | 11,365.0 |  |  | 10,754.4 |
Supplemental & Group Benefits |  | 1,377.6 |  |  | 1,338.8 |  |  | 1,359.3 |
Corporate & Other |  | 191.0 |  |  | 190.4 |  |  | 173.4 |
Intersegment eliminations |  | (23.8) |  |  | (62.4) |  |  | (64.8) |
Total |  | $ | 14,487.8 |  |  | $ | 14,049.9 |  |  | $ | 13,306.1 |

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