XML 34 R19.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information
The Company conducts and manages its business through four segments. The three operating segments, representing the major lines of insurance business, are: Property and Casualty, primarily personal lines automobile and property insurance products; Retirement, primarily tax-qualified fixed and variable annuities; and Life, life insurance. The Company does not allocate the impact of corporate-level transactions to these operating segments, consistent with the basis for management’s evaluation of the results of those segments, but classifies those items in the fourth segment, Corporate and Other. In addition to ongoing transactions such as corporate debt service, net investment gains (losses) and certain public company expenses, such items also have included corporate debt retirement costs, when applicable. Summarized financial information for these segments is as follows:
($ in thousands)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Insurance premiums and contract charges earned
 
 
 
 
 
 
 
 
Property and Casualty
 
$
171,303

 
$
167,333

 
$
342,143

 
$
332,791

Retirement
 
6,931

 
7,825

 
15,509

 
15,893

Life
 
29,862

 
30,452

 
60,229

 
59,924

Total
 
$
208,096

 
$
205,610

 
$
417,881

 
$
408,608

 
 
 
 
 
 
 
 
 
Net investment income
 
 
 
 
 
 
 
 
Property and Casualty
 
$
12,643

 
$
10,300

 
$
22,861

 
$
19,816

Retirement
 
62,684

 
67,787

 
127,423

 
131,956

Life
 
18,324

 
19,166

 
36,376

 
37,506

Corporate and Other
 
(14
)
 
42

 
(37
)
 
78

Intersegment eliminations
 
(179
)
 
(194
)
 
(365
)
 
(391
)
Total
 
$
93,458

 
$
97,101

 
$
186,258

 
$
188,965

 
 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
 
Property and Casualty
 
$
5,101

 
$
(10,896
)
 
$
20,153

 
$
(1,174
)
Retirement
 
(25,045
)
 
14,141

 
(12,894
)
 
25,562

Life
 
5,239

 
5,879

 
8,516

 
9,666

Corporate and Other
 
108,527

 
(3,207
)
 
110,213

 
(7,982
)
Total
 
$
93,822

 
$
5,917

 
$
125,988

 
$
26,072


($ in thousands)
 
June 30, 2019
 
December 31, 2018
Assets
 
 
 
 
Property and Casualty
 
$
1,281,344

 
$
1,236,362

Retirement
 
8,493,089

 
7,866,969

Life
 
1,911,569

 
1,821,351

Corporate and Other
 
145,022

 
149,014

Intersegment eliminations
 
(51,617
)
 
(41,800
)
Total
 
$
11,779,407

 
$
11,031,896