Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Summarized financial information for these segments is as follows (2022 and 2021 recast for the adoption of LDTI):


($ in millions)	December 31,
	2023		2022		2021
Net premiums and contract charges earned
Property & Casualty	$	645.6	$	608.2	$	617.4
Life & Retirement	151.7		144.0		143.4
Supplemental & Group Benefits(1)	259.8		275.5		128.0
Total	$	1,057.1	$	1,027.7	$	888.8

Net investment income
Property & Casualty	$	37.9	$	31.4	$	61.1
Life & Retirement	369.9		338.3		338.6
Supplemental & Group Benefits(1)	38.9		33.3		25.2
Corporate & Other	0.3		—		(0.1)
Intersegment eliminations	(2.2)		(2.1)		(2.3)
Total	$	444.8	$	400.9	$	422.5

Net income (loss)
Property & Casualty	$	(35.5)	$	(44.4)	$	57.0
Life & Retirement	71.5		63.8		89.1
Supplemental & Group Benefits(1)	54.9		65.9		52.9
Corporate & Other	(45.9)		(65.5)		(28.6)
Total	$	45.0	$	19.8	$	170.4


($ in millions)	December 31,
	2023		2022		2021
Assets
Property & Casualty	$	1,218.1	$	1,083.8	$	1,243.4
Life & Retirement	11,365.0		10,754.4		12,144.2
Supplemental & Group Benefits(1)	1,338.8		1,359.3		855.6
Corporate & Other	190.4		173.4		281.8
Intersegment eliminations	(62.4)		(64.8)		(64.8)
Total	$	14,049.9	$	13,306.1	$	14,460.2

Additional significant financial information for these segments is as follows (2022 and 2021 recast for the adoption of LDTI):


($ in millions)	Years Ended December 31,
	2023		2022		2021
DAC amortization expense
Property & Casualty	$	71.3	$	64.3	$	67.7
Life & Retirement	28.0		23.0		22.0
Supplemental & Group Benefits(1)	1.9		0.9		0.9
Total	$	101.2	$	88.2	$	90.6

Income tax expense (benefit)
Property & Casualty	$	(9.8)	$	(13.8)	$	13.2
Life & Retirement	15.1		10.6		19.3
Supplemental & Group Benefits(1)	14.8		18.1		14.5
Corporate & Other	(11.8)		(18.2)		(7.3)
Total	$	8.3	$	(3.3)	$	39.7

(1) Group Benefits was acquired effective January 1, 2022 and thus, comparison to amounts for the year ended December 31, 2021 is not meaningful.