Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information for these Segments

Disaggregated financial information for these segments, as regularly provided to the CODM, is as follows:

March 31, 2025	Property & Casualty		Life & Retirement		Supplemental & Group Benefits		Corporate & Other*		Totals
($ in millions)
Net premiums and contract charges earned	$	192.7	$	38.5	$	67.1	$	—	$	298.3
Net investment income	11.7		89.1		9.4		5.7		115.9
Other segment income	1.3		4.8		(1.1)		0.5		5.5
Total segment revenues	$	205.7	$	132.4	$	75.4	$	6.2	$	419.7
Benefits and claims expenses    (excluding catastrophe losses)	$	85.6	$	36.6	$	26.9	$	—	$	149.1
Catastrophe losses	16.4		—		—		—		16.4
Loss adjustment expenses	16.3		—		—		—		16.3
Interest credited	—		51.6		1.2		—		52.8
Operating & admin expenses	33.4		23.9		17.3		2.3		76.9
Commissions expense	16.9		9.7		11.3		—		37.9
Taxes, licenses and fees	4.9		0.9		1.4		0.2		7.4
Deferred policy acquisition costs	(24.3)		(6.1)		(1.0)		—		(31.4)
Deferred policy acquisition    cost amortization	23.1		6.0		0.5		—		29.6
Interest expense	—		—		—		8.9		8.9
Total segment expenses	$	172.3	$	122.7	$	57.6	$	11.4	$	364.0
Pretax profit (loss)	$	33.4	$	9.7	$	17.8	$	(5.2)	$	55.7
Income tax expense	6.6		1.8		3.8		(1.2)		11.0
Segment profit (loss) (Core earnings)	26.8		7.9		14.0		(4.0)		44.7
Net investment losses (after-tax)	—		—		—		(2.6)		(2.6)
Change in MRB (after-tax)	—		(1.1)		—		—		(1.1)
Intangible asset amortization (after-tax)	—		—		(2.8)		—		(2.8)
Net income	$	26.8	$	6.8	$	11.2	$	(6.6)	$	38.2

*-Corporate & Other is net of intersegment eliminations.

March 31, 2024	Property & Casualty		Life & Retirement		Supplemental & Group Benefits		Corporate & Other*		Totals
($ in millions)
Net premiums and contract charges earned	$	173.2	$	37.8	$	64.2	$	—	$	275.2
Net investment income	12.3		85.8		7.8		(0.5)		105.4
Other segment income	0.7		4.8		(3.0)		0.7		3.2
Total segment revenues	$	186.2	$	128.4	$	69.0	$	0.2	$	383.8
Benefits and claims expenses    (excluding catastrophe losses)	$	91.1	$	32.2	$	21.8	$	—	$	145.1
Catastrophe losses	16.2		—		—		—		16.2
Loss adjustment expenses	17.4		—		—		—		17.4
Interest credited	—		51.8		1.1		—		52.9
Operating & admin expenses	30.3		21.9		18.0		2.0		72.2
Commissions expense	13.9		9.5		9.4		—		32.8
Taxes, licenses and fees	4.7		1.0		1.5		0.2		7.4
Deferred policy acquisition costs	(20.3)		(6.7)		(0.9)		—		(27.9)
Deferred policy acquisition    cost amortization	19.8		6.6		0.6		—		27.0
Interest expense	—		—		—		8.7		8.7
Total segment expenses	$	173.1	$	116.3	$	51.5	$	10.9	$	351.8
Pretax profit (loss)	$	13.1	$	12.1	$	17.5	$	(10.7)	$	32.0
Income tax expense	2.5		2.2		3.7		(2.2)		6.2
Segment profit (loss) (Core earnings)	10.6		9.9		13.8		(8.5)		25.8
Net investment losses (after-tax)	—		—		—		1.7		1.7
Change in MRB (after-tax)	—		1.8		—		—		1.8
Intangible asset amortization (after-tax)	—		—		(2.8)		—		(2.8)
Net income	$	10.6	$	11.7	$	11.0	$	(6.8)	$	26.5

*-Corporate & Other is net of intersegment eliminations.

Schedule of Additional Significant Financial Information for these Segments

($ in millions)	March 31, 2025		December 31, 2024
Assets
Property & Casualty	$	1,302.5	$	1,272.3
Life & Retirement	11,585.1		11,670.7
Supplemental & Group Benefits	1,362.3		1,377.6
Corporate & Other	198.6		191.0
Intersegment eliminations	(52.4)		(23.8)
Total	$	14,396.1	$	14,487.8