XML 30 R14.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
2024202320242023
Net premiums and contract charges earned
Property & Casualty$179.2 $157.4 $352.4 $309.8 
Life & Retirement38.0 37.4 75.8 75.1 
Supplemental & Group Benefits63.7 65.9 127.9 131.7 
Total$280.9 $260.7 $556.1 $516.6 
Net investment income
Property & Casualty$9.5 $10.6 $21.8 $14.6 
Life & Retirement88.9 89.3 174.7 177.2 
Supplemental & Group Benefits10.5 9.1 18.3 18.2 
Corporate & Other— — — — 
Intersegment eliminations(0.5)(0.5)(1.0)(1.1)
Total$108.4 $108.5 $213.8 $208.9 
Net income (loss)
Property & Casualty$(8.6)$(21.4)$2.0 $(33.0)
Life & Retirement12.3 17.4 24.0 31.4 
Supplemental & Group Benefits14.1 11.8 25.1 25.8 
Corporate & Other(14.0)(20.6)(20.8)(30.4)
Total$3.8 $(12.8)$30.3 $(6.2)
($ in millions)June 30, 2024December 31, 2023
Assets
Property & Casualty$1,255.9 $1,218.1 
Life & Retirement11,583.2 11,365.0 
Supplemental & Group Benefits1,323.6 1,338.8 
Corporate & Other178.3 190.4 
Intersegment eliminations(58.9)(62.4)
Total$14,282.1 $14,049.9