Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Financial Information by Segment

The following tables summarize selected financial information by segment:

	Three Months Ended June 30, 2019
	Global Housing		Global Lifestyle		Global Preneed		Corporate and Other			Consolidated
Revenues
Net earned premiums	$	471.8	$	1,545.5	$	15.4	$	—		$	2,032.7
Fees and other income	38.3		263.6		34.2		—			336.1
Net investment income	18.8		56.5		70.6		8.3			154.2
Net realized gains on investments	—		—		—		17.8			17.8
Amortization of deferred gains on disposal of businesses	—		—		—		4.7			4.7
Total revenues	528.9		1,865.6		120.2		30.8			2,545.5
Benefits, losses and expenses
Policyholder benefits	207.8		412.9		66.2		0.1			687.0
Amortization of deferred acquisition costs and value of business acquired	57.5		740.7		17.6		—			815.8
Underwriting, general and administrative expenses (1)	173.3		570.2		14.7		74.7			832.9
Interest expense	—		—		—		26.5			26.5
Total benefits, losses and expenses	438.6		1,723.8		98.5		101.3			2,362.2
Segment income (loss) before provision (benefit) for income tax	90.3		141.8		21.7		(70.5		)	183.3
Provision (benefit) for income taxes	18.8		32.5		4.8		(15.4		)	40.7
Segment income (loss) after taxes	71.5		109.3		16.9		(55.1		)	142.6
Less: Net loss attributable to non-controlling interests	—		—		—		1.5			1.5
Net income (loss) attributable to stockholders	71.5		109.3		16.9		(53.6		)	144.1
Less: Preferred stock dividends	—		—		—		(4.6		)	(4.6		)
Net income (loss) attributable to common stockholders	$	71.5	$	109.3	$	16.9	$	(58.2	)	$	139.5
	As of June 30, 2019
Segment assets:	$	4,029.6	$	22,113.9	$	7,264.6	$	9,731.4		$	43,139.5

(1) Corporate and Other includes a $14.6 million impairment of certain intangible assets from the acquisition of Green Tree Insurance Agency (“Green Tree”) as a result of recent developments related to the financial status of a business partner providing new and renewal business to Green Tree.

	Three Months Ended June 30, 2018
	Global Housing		Global Lifestyle		Global Preneed		Corporate and Other			Consolidated
Revenues
Net earned premiums	$	449.7	$	874.3	$	14.2	$	0.1		$	1,338.3
Fees and other income	92.8		227.9		32.7		0.8			354.2
Net investment income	15.9		36.6		67.9		15.2			135.6
Net realized losses on investments	—		—		—		(11.4		)	(11.4		)
Amortization of deferred gains on disposal of businesses	—		—		—		15.0			15.0
Total revenues	558.4		1,138.8		114.8		19.7			1,831.7
Benefits, losses and expenses
Policyholder benefits	187.2		239.3		65.0		(0.9		)	490.6
Amortization of deferred acquisition costs and value of business acquired	50.4		395.6		17.2		—			463.2
Underwriting, general and administrative expenses	229.3		419.6		13.8		110.9			773.6
Interest expense	—		—		—		26.0			26.0
Total benefits, losses and expenses	466.9		1,054.5		96.0		136.0			1,753.4
Segment income (loss) before provision (benefit) for income tax	91.5		84.3		18.8		(116.3		)	78.3
Provision (benefit) for income taxes	18.9		16.2		4.1		(27.9		)	11.3
Segment income (loss) after taxes	72.6		68.1		14.7		(88.4		)	67.0
Less: Preferred stock dividends	—		—		—		(4.8		)	(4.8		)
Net income (loss) attributable to common stockholders	$	72.6	$	68.1	$	14.7	$	(93.2	)	$	62.2

	Six Months Ended June 30, 2019
	Global Housing		Global Lifestyle		Global Preneed		Corporate and Other			Consolidated
Revenues
Net earned premiums	$	931.9	$	2,974.0	$	31.2	$	—		$	3,937.1
Fees and other income	78.2		516.7		67.5		2.0			664.4
Net investment income	44.2		115.4		139.7		21.2			320.5
Net realized gains on investments	—		—		—		46.6			46.6
Amortization of deferred gains on disposal of businesses	—		—		—		12.5			12.5
Total revenues	1,054.3		3,606.1		238.4		82.3			4,981.1
Benefits, losses and expenses
Policyholder benefits	406.7		760.1		134.8		0.1			1,301.7
Amortization of deferred acquisition costs and value of business acquired	111.4		1,446.5		35.2		—			1,593.1
Underwriting, general and administrative expenses (1)	354.0		1,126.0		31.6		121.4			1,633.0
Interest expense	—		—		—		53.0			53.0
Total benefits, losses and expenses	872.1		3,332.6		201.6		174.5			4,580.8
Segment income (loss) before provision (benefit) for income tax	182.2		273.5		36.8		(92.2		)	400.3
Provision (benefit) for income taxes	38.0		63.6		8.1		(20.6		)	89.1
Segment income (loss) after taxes	144.2		209.9		28.7		(71.6		)	311.2
Less: Net income attributable to non-controlling interests	—		—		—		(1.4		)	(1.4		)
Net income (loss) attributable to stockholders	144.2		209.9		28.7		(73.0		)	309.8
Less: Preferred stock dividends	—		—		—		(9.3		)	(9.3		)
Net income (loss) attributable to common stockholders	$	144.2	$	209.9	$	28.7	$	(82.3	)	$	300.5

(1) Corporate and Other includes a $14.6 million impairment of certain intangible assets from the acquisition of Green Tree as a result of recent developments related to the financial status of a business partner providing new and renewal business to Green Tree.

	Six Months Ended June 30, 2018
	Global Housing		Global Lifestyle		Global Preneed		Corporate and Other			Consolidated
Revenues
Net earned premiums	$	886.1	$	1,547.9	$	28.8	$	0.4		$	2,463.2
Fees and other income	179.5		472.8		64.3		2.1			718.7
Net investment income	36.1		68.7		133.7		27.3			265.8
Net realized losses on investments	—		—		—		(10.9		)	(10.9		)
Amortization of deferred gains on disposal of businesses	—		—		—		33.5			33.5
Total revenues	1,101.7		2,089.4		226.8		52.4			3,470.3
Benefits, losses and expenses
Policyholder benefits	356.3		420.9		131.7		(3.7		)	905.2
Amortization of deferred acquisition costs and value of business acquired	100.0		675.9		33.7		—			809.6
Underwriting, general and administrative expenses	464.2		835.4		30.0		163.6			1,493.2
Interest expense	—		—		—		47.5			47.5
Total benefits, losses and expenses	920.5		1,932.2		195.4		207.4			3,255.5
Segment income (loss) before provision (benefit) for income tax	181.2		157.2		31.4		(155.0		)	214.8
Provision (benefit) for income taxes	37.4		33.3		6.9		(35.8		)	41.8
Segment income (loss) after taxes	143.8		123.9		24.5		(119.2		)	173.0
Less: Preferred stock dividends	—		—		—		(4.8		)	(4.8		)
Net income (loss) attributable to common stockholders	$	143.8	$	123.9	$	24.5	$	(124.0	)	$	168.2