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Segment Information
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
2024202320242023
Net premiums and contract charges earned
Property & Casualty$187.3 $164.3 $539.7 $474.1 
Life & Retirement39.1 38.2 114.9 113.3 
Supplemental & Group Benefits62.7 63.5 190.6 195.2 
Total$289.1 $266.0 $845.2 $782.6 
Net investment income
Property & Casualty$8.8 $12.0 $30.6 $26.6 
Life & Retirement94.6 96.9 269.3 274.1 
Supplemental & Group Benefits10.1 10.3 28.4 28.5 
Corporate & Other0.1 0.2 0.1 0.2 
Intersegment eliminations(0.6)(0.5)(1.6)(1.6)
Total$113.0 $118.9 $326.8 $327.8 
Net income (loss)
Property & Casualty$10.6 $(11.3)$12.6 $(44.3)
Life & Retirement14.8 20.9 38.8 52.3 
Supplemental & Group Benefits14.8 15.8 39.9 41.6 
Corporate & Other(5.9)(13.7)(26.7)(44.1)
Total$34.3 $11.7 $64.6 $5.5 
($ in millions)September 30, 2024December 31, 2023
Assets
Property & Casualty$1,327.0 $1,218.1 
Life & Retirement11,893.3 11,365.0 
Supplemental & Group Benefits1,395.0 1,338.8 
Corporate & Other184.8 190.4 
Intersegment eliminations(86.5)(62.4)
Total$14,713.6 $14,049.9