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Business Segments
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Business Segments
Note 12 - 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 preferred 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 nine and three months ended September 30, 2015 and 2014 were:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2015
 
Sep 30,
2014
 
Sep 30,
2015
 
Sep 30,
2014
Personal Automobile
 
$
730.9

 
$
633.4

 
$
288.5

 
$
205.1

Homeowners
 
216.3

 
236.6

 
72.1

 
77.9

Other Personal Property and Casualty Insurance
 
92.0

 
96.2

 
30.7

 
31.8

Commercial Automobile
 
40.7

 
40.8

 
13.7

 
14.1

Life
 
279.5

 
291.6

 
95.5

 
96.8

Accident and Health
 
108.7

 
112.1

 
36.2

 
37.1

Total Earned Premiums
 
$
1,468.1

 
$
1,410.7

 
$
536.7

 
$
462.8


Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2015 and 2014 were:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2015
 
Sep 30,
2014
 
Sep 30,
2015
 
Sep 30,
2014
Revenues:
 
 
 
 
 
 
 
 
Property & Casualty Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
$
1,023.1

 
$
949.5

 
$
386.1

 
$
309.7

Net Investment Income
 
51.7

 
55.6

 
18.3

 
18.5

Other Income
 
0.5

 
0.4

 
0.1

 
0.1

Total Property & Casualty Insurance
 
1,075.3

 
1,005.5

 
404.5

 
328.3

Life & Health Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
445.0

 
461.2

 
150.6

 
153.1

Net Investment Income
 
159.0

 
147.4

 
55.1

 
49.2

Other Income
 
1.7

 
0.4

 
0.7

 
0.4

Total Life & Health Insurance
 
605.7

 
609.0

 
206.4

 
202.7

Total Segment Revenues
 
1,681.0

 
1,614.5

 
610.9

 
531.0

Net Realized Gains on Sales of Investments
 
42.7

 
18.1

 
5.3

 
8.0

Net Impairment Losses Recognized in Earnings
 
(12.5
)
 
(8.7
)
 
(3.3
)
 
(3.8
)
Other
 
12.6

 
13.0

 
2.5

 
4.6

Total Revenues
 
$
1,723.8

 
$
1,636.9

 
$
615.4

 
$
539.8

Note 12 - Business Segments (continued)
Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the nine and three months ended September 30, 2015 and 2014 was:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2015
 
Sep 30,
2014
 
Sep 30,
2015
 
Sep 30,
2014
Segment Operating Profit (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
34.6

 
$
(8.9
)
 
$
25.0

 
$
(23.9
)
Life & Health Insurance
 
82.4

 
90.7

 
35.4

 
31.4

Total Segment Operating Profit
 
117.0

 
81.8

 
60.4

 
7.5

Corporate and Other Operating Loss
 
(36.2
)
 
(24.1
)
 
(12.6
)
 
(7.7
)
Total Operating Profit (Loss)
 
80.8

 
57.7

 
47.8

 
(0.2
)
Net Realized Gains on Sales of Investments
 
42.7

 
18.1

 
5.3

 
8.0

Net Impairment Losses Recognized in Earnings
 
(12.5
)
 
(8.7
)
 
(3.3
)
 
(3.8
)
Loss from Early Extinguishment of Debt
 
(9.1
)
 
—

 
—

 
—

Income from Continuing Operations before Income Taxes
 
$
101.9

 
$
67.1

 
$
49.8

 
$
4.0


Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the nine and three months ended September 30, 2015 and 2014 was:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2015
 
Sep 30,
2014
 
Sep 30,
2015
 
Sep 30,
2014
Segment Net Operating Income (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
31.8

 
$
(0.4
)
 
$
21.0

 
$
(13.6
)
Life & Health Insurance
 
53.9

 
58.3

 
23.5

 
20.3

Total Segment Net Operating Income
 
85.7

 
57.9

 
44.5

 
6.7

Corporate and Other Net Operating Loss
 
(20.6
)
 
(14.7
)
 
(7.9
)
 
(4.6
)
Consolidated Net Operating Income
 
65.1

 
43.2

 
36.6

 
2.1

Net Income (Loss) From:
 
 
 
 
 
 
 
 
Net Realized Gains on Sales of Investments
 
27.8

 
11.8

 
3.5

 
5.2

Net Impairment Losses Recognized in Earnings
 
(8.1
)
 
(5.7
)
 
(2.1
)
 
(2.5
)
Loss from Early Extinguishment of Debt
 
(5.9
)
 
—

 
—

 
—

Income from Continuing Operations
 
$
78.9

 
$
49.3

 
$
38.0

 
$
4.8