Underwriting, Acquisition and Insurance Expenses & Other Corporate Expenses

12 Months Ended

Dec. 31, 2019

Underwriting Acquisition And Insurance Expenses [Abstract]

Underwriting, Acquisition and Insurance Expenses & Other Corporate Expenses

Underwriting, Acquisition and Insurance Expenses & Other Corporate Expenses

Underwriting, Acquisition and Insurance Expenses

Underwriting, acquisition and insurance expenses were as follows:

	For the Years Ended December 31,
(in millions)	2019		2018			2017
Commissions	$	241.3	$	280.4		$	255.9
General expenses	379.1		351.7			359.1
Premium taxes, boards and bureaus	33.0		32.5			32.3
	653.4		664.6			647.3
Net deferral of policy acquisition costs	12.4		(9.9		)	(11.9		)
Total underwriting, acquisition and insurance expenses	$	665.8	$	654.7		$	635.4

Other Corporate Expenses

During the year ended December 31, 2019, we incurred substantial non-recurring costs associated with a number of activities that began with first quarter proxy solicitation efforts and shareholder engagement. The costs associated with these and other activities, which included responding to a subpoena from the U.S. Securities and Exchange Commission (“the SEC”), a separation agreement with our former CEO, and exiting certain contractual obligations related to sponsorships, aviation and other corporate assets are recorded in the line item “Other corporate expenses” in the Company’s Consolidated Statements of (Loss) Income. For the year ended December 31, 2019, other corporate expenses were $37.6 million. There were no comparable costs incurred during the year ended December 31, 2018.

Please see Note 1, “Business and Significant Accounting Policies - Property & Equipment” and Note 3, “Leases” for further discussion related to the disposals of long-lived assets.