Underwriting, Acquisition and Insurance Expenses

9 Months Ended

Sep. 30, 2019

Underwriting Acquisition And Insurance Expenses [Abstract]

Underwriting, Acquisition and Insurance Expenses

Underwriting, Acquisition and Insurance Expenses

The components of our underwriting, acquisition and insurance expenses are detailed in the table below. General expenses include certain costs associated with our holding company.

	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(in millions)	2019		2018			2019		2018
Commissions	$	58.0	$	88.0		$	178.0	$	212.7
General expenses	92.9		83.2			281.0		261.6
Premium taxes, boards and bureaus	10.8		9.8			27.0		27.2
	161.7		181.0			486.0		501.5
Net deferral of policy acquisition costs	6.0		(13.0		)	11.3		(16.5		)
Total underwriting, acquisition and insurance expenses	$	167.7	$	168.0		$	497.3	$	485.0

 

General expenses in the table above include $3.7 million and $11.7 million of expenses associated with proxy solicitation and related activities for the three and nine months ended September 30, 2019, respectively. Given the unique and non-recurring nature of the events that gave rise to these expenses, these costs are not included in the calculation of our expense and combined ratios. There were no comparable costs incurred for the three and nine months ended September 30, 2018.