Business Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segments

Note 10 - Business Segments

The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through two operating segments: Property & Casualty Insurance and Life & Health Insurance.

The Property & Casualty Insurance segment’s principal products are personal automobile insurance, both standard and non-standard risk, homeowners insurance, other personal insurance and commercial automobile insurance. These products are primarily distributed through independent agents, employer-sponsored voluntary benefit programs and other affinity relationships. The Life & Health Insurance segment’s principal products are individual life, accident, health and property insurance. These products are distributed by career agents employed by the Company as well as exclusive and non-exclusive independent agents.

Earned Premiums by product line for the three months endedMarch 31, 2014 and 2013 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2014		Mar 31, 2013
Life	$	97.6	$	97.9
Accident and Health	38.8		40.2
Property and Casualty:
Personal Lines:
Automobile	216.3		245.7
Homeowners	79.7		80.4
Other Personal	32.1		33.6
Total Personal Lines	328.1		359.7
Commercial Automobile	13.1		12.1
Total Earned Premiums	$	477.6	$	509.9

Note 10 - Business Segments (continued)

Segment Revenues for the three months endedMarch 31, 2014 and 2013 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2014			Mar 31, 2013
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	322.3		$	352.1
Net Investment Income	17.6			25.1
Other Income	0.1			0.2
Total Property & Casualty Insurance	340.0			377.4
Life & Health Insurance:
Earned Premiums	155.3			157.8
Net Investment Income	50.2			53.0
Total Life & Health Insurance	205.5			210.8
Total Segment Revenues	545.5			588.2
Net Realized Gains on Sales of Investments	6.6			26.9
Net Impairment Losses Recognized in Earnings	(0.8		)	(1.9		)
Other	3.3			2.7
Total Revenues	$	554.6		$	615.9

Segment Operating Profit for the three months endedMarch 31, 2014 and 2013 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2014			Mar 31, 2013
Segment Operating Profit:
Property & Casualty Insurance	$	19.3		$	40.2
Life & Health Insurance	34.6			31.9
Total Segment Operating Profit	53.9			72.1
Corporate and Other Operating Loss	(7.8		)	(12.5		)
Total Operating Profit	46.1			59.6
Net Realized Gains on Sales of Investments	6.6			26.9
Net Impairment Losses Recognized in Earnings	(0.8		)	(1.9		)
Income from Continuing Operations before Income Taxes	$	51.9		$	84.6

Note 10 - Business Segments (continued)

Segment Net Operating Income for the three months endedMarch 31, 2014 and 2013 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2014			Mar 31, 2013
Segment Net Operating Income:
Property & Casualty Insurance	$	14.4		$	29.0
Life & Health Insurance	22.1			21.2
Total Segment Net Operating Income	36.5			50.2
Corporate and Other Net Operating Loss	(5.0		)	(7.9		)
Consolidated Net Operating Income	31.5			42.3
Unallocated Net Income (Loss) From:
Net Realized Gains on Sales of Investments	4.2			17.5
Net Impairment Losses Recognized in Earnings	(0.5		)	(1.2		)
Income from Continuing Operations	$	35.2		$	58.6