Underwriting, Acquisition and Insurance Expenses & Other Corporate Expenses

9 Months Ended

Sep. 30, 2020

Underwriting, Acquisition and Insurance Expenses & Other Corporate 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 Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019
Commissions	$	79.4	$	58.0	$	201.9	$	178.0
General expenses	92.1		89.2		284.3		269.3
Premium taxes, boards and bureaus	9.4		10.8		23.9		27.0
	180.9		158.0		510.1		474.3
Net deferral of policy acquisition costs	(16.6)		6.0		(16.4)		11.3
Total underwriting, acquisition and insurance expenses	$	164.3	$	164.0	$	493.7	$	485.6

Other Corporate Expenses

During the three and nine months ended September 30, 2020 and 2019, we incurred costs of $0.4 million and $6.2 million, and $3.7 million and $11.7 million, respectively, in connection with the previously disclosed corporate governance and compensation matters, including responding to the 2019 subpoena from the SEC related to the Company's disclosure of certain compensation-related perquisites received by the Company's former chief executive officer. During the second quarter of 2020, the Company reached a settlement with the SEC related to its investigation, which required that the Company pay a civil penalty of approximately $900,000, which is included in other corporate expenses for the nine months ended September 30, 2020.

These non-recurring costs are included in the line item “Other corporate expenses” in the Company’s Consolidated Statements of (Loss) Income, and have been excluded from the calculation of our expense ratio.