XML 79 R19.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information
The Company conducts and manages its business through five segments. See Note 1 for a description of the Company's reporting segments that changed effective in the third quarter of 2019. The four operating segments, representing the major lines of insurance business, are Property and Casualty (primarily personal lines automobile and property insurance products), the newly created Supplemental (primarily heart, cancer, accident and limited supplemental disability insurance coverages), 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 fifth 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
September 30,
 
Nine Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Insurance premiums and contract charges earned
 
 
 
 
 
 
 
 
Property and Casualty
 
$
170,483

 
$
168,653

 
$
512,626

 
$
501,444

Supplemental
 
32,921

 
N/A

 
32,921

 
N/A

Retirement
 
6,624

 
8,031

 
22,133

 
23,924

Life
 
29,653

 
30,136

 
89,882

 
90,060

Total
 
$
239,681

 
$
206,820

 
$
657,562

 
$
615,428

 
 
 
 
 
 
 
 
 
Net investment income
 
 
 
 
 
 
 
 
Property and Casualty
 
$
10,726

 
$
12,361

 
$
33,587

 
$
32,177

Supplemental
 
3,691

 
N/A

 
3,691

 
N/A

Retirement
 
60,770

 
67,750

 
188,193

 
199,706

Life
 
18,453

 
19,123

 
54,829

 
56,629

Corporate and Other
 
—

 
41

 
(37
)
 
119

Intersegment eliminations
 
(569
)
 
(192
)
 
(934
)
 
(583
)
Total
 
$
93,071

 
$
99,083

 
$
279,329

 
$
288,048

 
 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
 
Property and Casualty
 
$
14,194

 
$
(3,190
)
 
$
34,347

 
$
(4,364
)
Supplemental
 
6,943

 
N/A

 
6,943

 
N/A

Retirement
 
5,915

 
12,120

 
(6,979
)
 
37,682

Life
 
5,101

 
5,331

 
13,617

 
14,997

Corporate and Other
 
(6,699
)
 
(1,733
)
 
103,514

 
(9,715
)
Total
 
$
25,454

 
$
12,528

 
$
151,442

 
$
38,600


($ in thousands)
 
September 30, 2019
 
December 31, 2018
Assets
 
 
 
 
Property and Casualty
 
$
1,297,585

 
$
1,236,362

Supplemental
 
745,345

 
N/A

Retirement
 
8,328,718

 
7,866,969

Life
 
1,857,331

 
1,821,351

Corporate and Other
 
156,310

 
149,014

Intersegment eliminations
 
(52,744
)
 
(41,800
)
Total
 
$
12,332,545

 
$
11,031,896


________________
N/A - The acquisition of NTA closed on July 1, 2019.