Business Segments

6 Months Ended

Jun. 30, 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 six and three months endedJune 30, 2014 and 2013 were:

	Six Months Ended				Three Months Ended
(Dollars in Millions)	Jun 30, 2014		Jun 30, 2013		Jun 30, 2014		Jun 30, 2013
Property and Casualty:
Personal Lines:
Automobile	$	428.3	$	490.3	$	212.0	$	244.6
Homeowners	158.7		162.5		79.0		82.1
Other Personal	64.4		67.7		32.3		34.1
Total Personal Lines	651.4		720.5		323.3		360.8
Commercial Automobile	26.7		25.2		13.6		13.1
Life	194.8		196.5		97.2		98.6
Accident and Health	75.0		80.5		36.2		40.3
Total Earned Premiums	$	947.9	$	1,022.7	$	470.3	$	512.8

Note 10 - Business Segments (continued)

Segment Revenues for the six and three months endedJune 30, 2014 and 2013 were:

	Six Months Ended						Three Months Ended
(Dollars in Millions)	Jun 30, 2014			Jun 30, 2013			Jun 30, 2014			Jun 30, 2013
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	639.8		$	706.0		$	317.5		$	353.9
Net Investment Income	37.1			46.6			19.5			21.5
Other Income	0.3			0.3			0.2			0.1
Total Property & Casualty Insurance	677.2			752.9			337.2			375.5
Life & Health Insurance:
Earned Premiums	308.1			316.7			152.8			158.9
Net Investment Income	98.2			102.8			48.0			49.8
Other Income	—			0.1			—			0.1
Total Life & Health Insurance	406.3			419.6			200.8			208.8
Total Segment Revenues	1,083.5			1,172.5			538.0			584.3
Net Realized Gains on Sales of Investments	10.1			29.2			3.5			2.3
Net Impairment Losses Recognized in Earnings	(4.9		)	(2.9		)	(4.1		)	(1.0		)
Other	8.4			6.0			5.1			3.3
Total Revenues	$	1,097.1		$	1,204.8		$	542.5		$	588.9

Segment Operating Profit for the six and three months endedJune 30, 2014 and 2013 was:

	Six Months Ended						Three Months Ended
(Dollars in Millions)	Jun 30, 2014			Jun 30, 2013			Jun 30, 2014			Jun 30, 2013
Segment Operating Profit (Loss):
Property & Casualty Insurance	$	15.0		$	65.8		$	(4.3	)	$	25.6
Life & Health Insurance	59.3			63.1			24.7			31.2
Total Segment Operating Profit	74.3			128.9			20.4			56.8
Corporate and Other Operating Loss	(16.4		)	(24.2		)	(8.6		)	(11.7		)
Total Operating Profit	57.9			104.7			11.8			45.1
Net Realized Gains on Sales of Investments	10.1			29.2			3.5			2.3
Net Impairment Losses Recognized in Earnings	(4.9		)	(2.9		)	(4.1		)	(1.0		)
Income from Continuing Operations before Income Taxes	$	63.1		$	131.0		$	11.2		$	46.4

Note 10 - Business Segments (continued)

Segment Net Operating Income for the six and three months endedJune 30, 2014 and 2013 was:

	Six Months Ended						Three Months Ended
(Dollars in Millions)	Jun 30, 2014			Jun 30, 2013			Jun 30, 2014			Jun 30, 2013
Segment Net Operating Income (Loss):
Property & Casualty Insurance	$	13.2		$	48.1		$	(1.2	)	$	19.1
Life & Health Insurance	38.0			41.5			15.9			20.3
Total Segment Net Operating Income	51.2			89.6			14.7			39.4
Corporate and Other Net Operating Loss	(10.1		)	(15.6		)	(5.1		)	(7.7		)
Consolidated Net Operating Income	41.1			74.0			9.6			31.7
Unallocated Net Income (Loss) From:
Net Realized Gains on Sales of Investments	6.6			19.0			2.4			1.5
Net Impairment Losses Recognized in Earnings	(3.2		)	(1.9		)	(2.7		)	(0.7		)
Income from Continuing Operations	$	44.5		$	91.1		$	9.3		$	32.5