Segment Information

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts and manages its business in four reporting segments. The three operating segments, representing the major lines of business, are: (1) Property & Casualty (primarily personal lines of auto and property insurance products), (2) Life & Retirement (primarily tax-qualified fixed and variable annuities as well as life insurance products), and (3) Supplemental & Group Benefits (primarily cancer, heart, hospital, supplemental disability, accident, short-term and long-term group disability, and group term life coverages). 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 reporting segment, Corporate & Other. In addition to ongoing transactions such as corporate debt service, net investment gains (losses) and certain public company expenses, such items in Corporate & Other have also included corporate debt retirement costs, when applicable.

Summarized financial information for these segments is as follows:

($ in millions)	Three Months Ended March 31,
	2024		2023
Net premiums and contract charges earned
Property & Casualty	$	173.2	$	152.4
Life & Retirement	37.8		37.7
Supplemental & Group Benefits	64.2		65.8
Total	$	275.2	$	255.9
Net investment income
Property & Casualty	$	12.3	$	4.0
Life & Retirement	85.8		87.9
Supplemental & Group Benefits	7.8		9.1
Corporate & Other	—		—
Intersegment eliminations	(0.5)		(0.6)
Total	$	105.4	$	100.4
Net income (loss)
Property & Casualty	$	10.6	$	(11.6)
Life & Retirement	11.7		14.0
Supplemental & Group Benefits	11.0		14.0
Corporate & Other	(6.8)		(9.8)
Total	$	26.5	$	6.6

($ in millions)	March 31, 2024		December 31, 2023
Assets
Property & Casualty	$	1,229.2	$	1,218.1
Life & Retirement	11,568.3		11,365.0
Supplemental & Group Benefits	1,319.4		1,338.8
Corporate & Other	184.7		190.4
Intersegment eliminations	(65.3)		(62.4)
Total	$	14,236.3	$	14,049.9