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Segment Information (Tables)
 12 Months Ended
Dec. 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:
December 31, 2025
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$802.6 $158.6 $267.2 $— $1,228.4 
Net investment income(1)
57.1 373.2 40.3 3.9 474.5 
Other segment income
3.2 21.2 (5.1)2.4 21.7 
Total segment revenues
$862.9 $553.0 $302.4 $6.3 $1,724.6 

Benefits and claims expenses
   (excluding catastrophe losses)
$366.0 $124.2 $93.1 $— $583.3 
Catastrophe losses
61.7 — — — 61.7 
Loss adjustment expenses
68.3 — — — 68.3 
Interest credited
— 211.6 5.3 — 216.9 
Operating & admin expenses
136.3 99.6 81.7 16.8 334.4 
Commissions expense
72.0 42.3 45.1 — 159.4 
Taxes, licenses and fees
21.2 4.0 5.3 0.6 31.1 
Deferred policy acquisition costs
(103.7)(26.6)(5.1)— (135.4)
Deferred policy acquisition
   cost amortization
98.2 24.3 2.0 — 124.5 
Interest expense
— — — 36.4 36.4 
Total segment expenses
$720.0 $479.4 $227.4 $53.8 $1,480.6 
Pretax profit (loss)
$142.9 $73.6 $75.0 $(47.5)$244.0 
Income tax expense
30.5 12.6 16.3 (11.2)48.2 
Segment profit (loss) (Core earnings)
112.4 61.0 58.7 (36.3)195.8 
Net investment losses (after-tax) — — — (10.2)(10.2)
Non-core income adjustment (after-tax)
— (4.2)(13.7)(5.6)(23.5)
Net income
$112.4 $56.8 $45.0 $(52.1)$162.1 
(1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the December 31, 2025 Form 10-K.
December 31, 2024
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$736.5 $154.6 $254.9 $— $1,146.0 
Net investment income
46.0 363.6 38.1 (2.0)445.7 
Other segment income
2.3 20.2 (4.6)2.9 20.8 
Total segment revenues
$784.8 $538.4 $288.4 $0.9 $1,612.5 

Benefits and claims expenses
   (excluding catastrophe losses)
$353.3 $128.1 $78.8 $— $560.2 
Catastrophe losses
94.9 — — — 94.9 
Loss adjustment expenses
72.8 — — — 72.8 
Interest credited
— 211.2 4.7 — 215.9 
Operating & admin expenses
122.4 93.2 70.7 8.6 294.9 
Commissions expense
63.0 41.1 38.1 — 142.2 
Taxes, licenses and fees
20.2 3.8 5.9 0.7 30.6 
Deferred policy acquisition costs
(89.8)(28.3)(4.1)— (122.2)
Deferred policy acquisition
   cost amortization
84.6 24.6 1.9 — 111.1 
Interest expense
— — — 34.6 34.6 
Total segment expenses
$721.4 $473.7 $196.0 $43.9 $1,435.0 
Pretax profit (loss)
$63.4 $64.7 $92.4 $(43.0)$177.5 
Income tax expense
14.3 10.5 20.7 (9.3)36.2 
Segment profit (loss) (Core earnings)
49.1 54.2 71.7 (33.7)141.3 
Net investment losses (after-tax)
— — — (13.6)(13.6)
Non-core income adjustments (after-tax)
— 2.1 (11.3)(15.7)(24.9)
Net income
$49.1 $56.3 $60.4 $(63.0)$102.8 
December 31, 2023
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$645.6 $151.7 $259.8 $— $1,057.1 
Net investment income
37.9 369.9 38.9 (1.9)444.8 
Other segment income
2.8 17.0 (11.1)5.3 14.0 
Total segment revenues
$686.3 $538.6 $287.6 $3.4 $1,515.9 

Benefits and claims expenses
   (excluding catastrophe losses)
$387.9 $127.7 $88.9 $— $604.5 
Catastrophe losses
97.6 — — — 97.6 
Loss adjustment expenses
71.5 — — — 71.5 
Interest credited
— 201.8 3.9 — 205.7 
Operating & admin expenses
109.2 83.9 66.9 7.0 267.0 
Commissions expense
52.6 37.2 40.6 — 130.4 
Taxes, licenses and fees
17.7 3.9 5.7 0.4 27.7 
Deferred policy acquisition costs
(76.2)(26.2)(4.6)— (107.0)
Deferred policy acquisition
   cost amortization
71.3 28.0 1.9 — 101.2 
Interest expense
— — — 29.7 29.7 
Total segment expenses
$731.6 $456.3 $203.3 $37.1 $1,428.3 
Pretax profit (loss)
$(45.3)$82.3 $84.3 $(33.7)$87.6 
Income tax expense
(9.8)14.1 17.9 (6.6)15.6 
Segment profit (loss) (Core earnings)
(35.5)68.2 66.4 (27.1)72.0 
Net investment losses (after-tax)
— — — (18.8)(18.8)
Non-core income adjustments (after-tax)
— 3.3 (11.5)— (8.2)
Net income
$(35.5)$71.5 $54.9 $(45.9)$45.0 
*-Corporate & Other is net of intersegment eliminations.
Schedule of Additional Significant Financial Information for these Segments
($ in millions)December 31,
202520242023
Assets
Property & Casualty$1,372.1 $1,272.3 $1,218.1 
Life & Retirement12,204.5 11,670.7 11,365.0 
Supplemental & Group Benefits
1,401.7 1,377.6 1,338.8 
Corporate & Other308.8 191.0 190.4 
Intersegment eliminations(20.5)(23.8)(62.4)
Total
$15,266.6 $14,487.8 $14,049.9