Business Segments

3 Months Ended

Mar. 31, 2015

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 nonstandard risk, homeowners insurance, other personal insurance and commercial automobile insurance. These products are primarily distributed through independent agents and brokers, 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 and brokers.

Earned Premiums by product line for the three months endedMarch 31, 2015 and 2014 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2015		Mar 31, 2014
Personal Automobile	$	189.8	$	216.3
Homeowners	72.6		79.7
Other Personal Property and Casualty Insurance	30.6		32.1
Commercial Automobile	13.5		13.1
Life	88.0		97.6
Accident and Health	36.8		38.8
Total Earned Premiums	$	431.3	$	477.6

Note 10 - Business Segments (continued)

Segment Revenues, including a reconciliation to Total Revenues, for the three months endedMarch 31, 2015 and 2014 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2015			Mar 31, 2014
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	287.6		$	322.3
Net Investment Income	14.8			17.6
Other Income	0.3			0.1
Total Property & Casualty Insurance	302.7			340.0
Life & Health Insurance:
Earned Premiums	143.7			155.3
Net Investment Income	50.4			50.2
Other Income	0.8			—
Total Life & Health Insurance	194.9			205.5
Total Segment Revenues	497.6			545.5
Net Realized Gains on Sales of Investments	3.4			6.6
Net Impairment Losses Recognized in Earnings	(7.0		)	(0.8		)
Other	5.2			3.3
Total Revenues	$	499.2		$	554.6

Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the three months endedMarch 31, 2015 and 2014 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2015			Mar 31, 2014
Segment Operating Profit:
Property & Casualty Insurance	$	18.0		$	19.3
Life & Health Insurance	24.8			34.6
Total Segment Operating Profit	42.8			53.9
Corporate and Other Operating Loss	(12.3		)	(7.8		)
Total Operating Profit	30.5			46.1
Net Realized Gains on Sales of Investments	3.4			6.6
Net Impairment Losses Recognized in Earnings	(7.0		)	(0.8		)
Loss from Early Extinguishment of Debt	(9.1		)	—
Income from Continuing Operations before Income Taxes	$	17.8		$	51.9

Note 10 - Business Segments (continued)

Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the three months endedMarch 31, 2015 and 2014 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2015			Mar 31, 2014
Segment Net Operating Income :
Property & Casualty Insurance	$	13.4		$	14.4
Life & Health Insurance	16.1			22.1
Total Segment Net Operating Income	29.5			36.5
Corporate and Other Net Operating Loss	(7.7		)	(5.0		)
Consolidated Net Operating Income	21.8			31.5
Net Income (Loss) From:
Net Realized Gains on Sales of Investments	2.2			4.2
Net Impairment Losses Recognized in Earnings	(4.6		)	(0.5		)
Loss from Early Extinguishment of Debt	(5.9		)	—
Income from Continuing Operations	$	13.5		$	35.2