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v3.25.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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:
March 31, 2025 |  | Property & Casualty |  | Life & Retirement |  | Supplemental & Group Benefits |  | Corporate & Other* |  | Totals
($ in millions) |  |  |  |  |
Net premiums and contract charges earned |  | $ | 192.7 |  |  | $ | 38.5 |  |  | $ | 67.1 |  |  | $ | — |  |  | $ | 298.3 |
Net investment income |  | 11.7 |  |  | 89.1 |  |  | 9.4 |  |  | 5.7 |  |  | 115.9 |
Other segment income |  | 1.3 |  |  | 4.8 |  |  | (1.1) |  |  | 0.5 |  |  | 5.5 |
Total segment revenues |  | $ | 205.7 |  |  | $ | 132.4 |  |  | $ | 75.4 |  |  | $ | 6.2 |  |  | $ | 419.7 |
Benefits and claims expenses (excluding catastrophe losses) |  | $ | 85.6 |  |  | $ | 36.6 |  |  | $ | 26.9 |  |  | $ | — |  |  | $ | 149.1 |
Catastrophe losses |  | 16.4 |  |  | — |  |  | — |  |  | — |  |  | 16.4 |
Loss adjustment expenses |  | 16.3 |  |  | — |  |  | — |  |  | — |  |  | 16.3 |
Interest credited |  | — |  |  | 51.6 |  |  | 1.2 |  |  | — |  |  | 52.8 |
Operating & admin expenses |  | 33.4 |  |  | 23.9 |  |  | 17.3 |  |  | 2.3 |  |  | 76.9 |
Commissions expense |  | 16.9 |  |  | 9.7 |  |  | 11.3 |  |  | — |  |  | 37.9 |
Taxes, licenses and fees |  | 4.9 |  |  | 0.9 |  |  | 1.4 |  |  | 0.2 |  |  | 7.4 |
Deferred policy acquisition costs |  | (24.3) |  |  | (6.1) |  |  | (1.0) |  |  | — |  |  | (31.4) |
Deferred policy acquisition cost amortization |  | 23.1 |  |  | 6.0 |  |  | 0.5 |  |  | — |  |  | 29.6 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 8.9 |  |  | 8.9 |
Total segment expenses |  | $ | 172.3 |  |  | $ | 122.7 |  |  | $ | 57.6 |  |  | $ | 11.4 |  |  | $ | 364.0 |
Pretax profit (loss) |  | $ | 33.4 |  |  | $ | 9.7 |  |  | $ | 17.8 |  |  | $ | (5.2) |  |  | $ | 55.7 |
Income tax expense |  | 6.6 |  |  | 1.8 |  |  | 3.8 |  |  | (1.2) |  |  | 11.0 |
Segment profit (loss) (Core earnings) |  | 26.8 |  |  | 7.9 |  |  | 14.0 |  |  | (4.0) |  |  | 44.7 |
Net investment losses (after-tax) |  | — |  |  | — |  |  | — |  |  | (2.6) |  |  | (2.6) |
Change in MRB (after-tax) |  | — |  |  | (1.1) |  |  | — |  |  | — |  |  | (1.1) |
Intangible asset amortization (after-tax) |  | — |  |  | — |  |  | (2.8) |  |  | — |  |  | (2.8) |
Net income |  | $ | 26.8 |  |  | $ | 6.8 |  |  | $ | 11.2 |  |  | $ | (6.6) |  |  | $ | 38.2 |
*-Corporate & Other is net of intersegment eliminations.
March 31, 2024 |  | Property & Casualty |  | Life & Retirement |  | Supplemental & Group Benefits |  | Corporate & Other* |  | Totals
($ in millions) |  |  |  |  |
Net premiums and contract charges earned |  | $ | 173.2 |  |  | $ | 37.8 |  |  | $ | 64.2 |  |  | $ | — |  |  | $ | 275.2 |
Net investment income |  | 12.3 |  |  | 85.8 |  |  | 7.8 |  |  | (0.5) |  |  | 105.4 |
Other segment income |  | 0.7 |  |  | 4.8 |  |  | (3.0) |  |  | 0.7 |  |  | 3.2 |
Total segment revenues |  | $ | 186.2 |  |  | $ | 128.4 |  |  | $ | 69.0 |  |  | $ | 0.2 |  |  | $ | 383.8 |
Benefits and claims expenses (excluding catastrophe losses) |  | $ | 91.1 |  |  | $ | 32.2 |  |  | $ | 21.8 |  |  | $ | — |  |  | $ | 145.1 |
Catastrophe losses |  | 16.2 |  |  | — |  |  | — |  |  | — |  |  | 16.2 |
Loss adjustment expenses |  | 17.4 |  |  | — |  |  | — |  |  | — |  |  | 17.4 |
Interest credited |  | — |  |  | 51.8 |  |  | 1.1 |  |  | — |  |  | 52.9 |
Operating & admin expenses |  | 30.3 |  |  | 21.9 |  |  | 18.0 |  |  | 2.0 |  |  | 72.2 |
Commissions expense |  | 13.9 |  |  | 9.5 |  |  | 9.4 |  |  | — |  |  | 32.8 |
Taxes, licenses and fees |  | 4.7 |  |  | 1.0 |  |  | 1.5 |  |  | 0.2 |  |  | 7.4 |
Deferred policy acquisition costs |  | (20.3) |  |  | (6.7) |  |  | (0.9) |  |  | — |  |  | (27.9) |
Deferred policy acquisition cost amortization |  | 19.8 |  |  | 6.6 |  |  | 0.6 |  |  | — |  |  | 27.0 |
Interest expense |  | — |  |  | — |  |  | — |  |  | 8.7 |  |  | 8.7 |
Total segment expenses |  | $ | 173.1 |  |  | $ | 116.3 |  |  | $ | 51.5 |  |  | $ | 10.9 |  |  | $ | 351.8 |
Pretax profit (loss) |  | $ | 13.1 |  |  | $ | 12.1 |  |  | $ | 17.5 |  |  | $ | (10.7) |  |  | $ | 32.0 |
Income tax expense |  | 2.5 |  |  | 2.2 |  |  | 3.7 |  |  | (2.2) |  |  | 6.2 |
Segment profit (loss) (Core earnings) |  | 10.6 |  |  | 9.9 |  |  | 13.8 |  |  | (8.5) |  |  | 25.8 |
Net investment losses (after-tax) |  | — |  |  | — |  |  | — |  |  | 1.7 |  |  | 1.7 |
Change in MRB (after-tax) |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 1.8 |
Intangible asset amortization (after-tax) |  | — |  |  | — |  |  | (2.8) |  |  | — |  |  | (2.8) |
Net income |  | $ | 10.6 |  |  | $ | 11.7 |  |  | $ | 11.0 |  |  | $ | (6.8) |  |  | $ | 26.5 |
*-Corporate & Other is net of intersegment eliminations.
Schedule of Additional Significant Financial Information for these Segments |
($ in millions) |  | March 31, 2025 |  | December 31, 2024
Assets |  |  |  |
Property & Casualty |  | $ | 1,302.5 |  |  | $ | 1,272.3 |
Life & Retirement |  | 11,585.1 |  |  | 11,670.7 |
Supplemental & Group Benefits |  | 1,362.3 |  |  | 1,377.6 |
Corporate & Other |  | 198.6 |  |  | 191.0 |
Intersegment eliminations |  | (52.4) |  |  | (23.8) |
Total |  | $ | 14,396.1 |  |  | $ | 14,487.8 |

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