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Quarterly Financial Information
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Information
NOTE 25. QUARTERLY FINANCIAL INFORMATION (Unaudited)
 
 
Three Months Ended (Unaudited)
 
Year Ended
DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS
 
Mar 31,
2015
 
Jun 30,
2015
 
Sep 30,
2015
 
Dec 31,
2015
 
Dec 31,
2015
Revenues:
 
 
 
 
 
 
 
 
 
 
Earned Premiums
 
$
431.3

 
$
500.1

 
$
536.7

 
$
541.5

 
$
2,009.6

Net Investment Income
 
70.6

 
76.7

 
75.9

 
79.4

 
302.6

Other Income
 
0.9

 
0.6

 
0.8

 
1.4

 
3.7

Net Realized Gains on Sales of Investments
 
3.4

 
34.0

 
5.3

 
9.4

 
52.1

Other-than-temporary Impairment Losses:
 
 
 
 
 
 
 
 
 
 
Total Other-than-temporary Impairment Losses
 
(7.0
)
 
(2.2
)
 
(3.3
)
 
(14.9
)
 
(27.4
)
Portion of Losses Recognized in Other Comprehensive Income
 

 

 

 
0.2

 
0.2

Net Impairment Losses Recognized in Earnings
 
(7.0
)
 
(2.2
)
 
(3.3
)
 
(14.7
)
 
(27.2
)
Total Revenues
 
499.2

 
609.2

 
615.4

 
617.0

 
2,340.8

Expenses:
 
 
 
 
 
 
 
 
 
 
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses
 
297.7

 
375.1

 
378.8

 
416.0

 
1,467.6

Insurance Expenses
 
144.9

 
162.1

 
161.1

 
177.0

 
645.1

Write-off of Long-lived Asset
 

 
11.1

 

 

 
11.1

Loss from Early Extinguishment of Debt
 
9.1

 

 

 

 
9.1

Interest and Other Expenses
 
29.7

 
26.6

 
25.7

 
25.6

 
107.6

Total Expenses
 
481.4

 
574.9

 
565.6

 
618.6

 
2,240.5

Income (Loss) from Continuing Operations before Income Taxes
 
17.8

 
34.3

 
49.8

 
(1.6
)
 
100.3

Income Tax Benefit (Expense)
 
(4.3
)
 
(6.9
)
 
(11.8
)
 
2.9

 
(20.1
)
Income from Continuing Operations
 
13.5

 
27.4

 
38.0

 
1.3

 
80.2

Income (Loss) from Discontinued Operations
 

 
2.3

 
(0.1
)
 
3.3

 
5.5

Net Income
 
$
13.5

 
$
29.7

 
$
37.9

 
$
4.6

 
$
85.7

Income from Continuing Operations Per Unrestricted Share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.26

 
$
0.53

 
$
0.73

 
$
0.03

 
$
1.55

Diluted
 
$
0.26

 
$
0.53

 
$
0.73

 
$
0.03

 
$
1.55

Net Income Per Unrestricted Share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.26

 
$
0.57

 
$
0.73

 
$
0.09

 
$
1.65

Diluted
 
$
0.26

 
$
0.57

 
$
0.73

 
$
0.09

 
$
1.65

Dividends Paid to Shareholders Per Share
 
$
0.24

 
$
0.24

 
$
0.24

 
$
0.24

 
$
0.96


The sum of quarterly per share amounts does not equal per share amounts for the year due to differences in weighted-average shares and/or equivalent shares outstanding for each of the periods presented.
NOTE 25. QUARTERLY FINANCIAL INFORMATION (Unaudited) (Continued)
 
 
Three Months Ended (Unaudited)
 
Year Ended
DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS
 
Mar 31,
2014
 
Jun 30,
2014
 
Sep 30,
2014
 
Dec 31,
2014
 
Dec 31,
2014
Revenues:
 
 
 
 
 
 
 
 
 
 
Earned Premiums
 
$
477.6

 
$
470.3

 
$
462.8

 
$
451.5

 
$
1,862.2

Net Investment Income
 
71.1

 
72.6

 
72.3

 
93.1

 
309.1

Other Income
 
0.1

 
0.2

 
0.5

 
0.6

 
1.4

Net Realized Gains on Sales of Investments
 
6.6

 
3.5

 
8.0

 
21.0

 
39.1

Other-than-temporary Impairment Losses:
 
 
 
 
 
 
 
 
 
 
Total Other-than-temporary Impairment Losses
 
(0.8
)
 
(4.1
)
 
(3.8
)
 
(6.5
)
 
(15.2
)
Portion of Losses Recognized in Other Comprehensive Income
 

 

 

 

 

Net Impairment Losses Recognized in Earnings
 
(0.8
)
 
(4.1
)
 
(3.8
)
 
(6.5
)
 
(15.2
)
Total Revenues
 
554.6

 
542.5

 
539.8

 
559.7

 
2,196.6

Expenses:
 
 
 
 
 
 
 
 
 
 
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses
 
327.9

 
347.5

 
300.5

 
285.8

 
1,261.7

Insurance Expenses
 
152.1

 
161.3

 
158.6

 
156.4

 
628.4

Write-off Long-lived Asset
 

 

 
54.6

 

 
54.6

Interest and Other Expenses
 
22.7

 
22.5

 
22.1

 
24.4

 
91.7

Total Expenses
 
502.7

 
531.3

 
535.8

 
466.6

 
2,036.4

Income from Continuing Operations before Income Taxes
 
51.9

 
11.2

 
4.0

 
93.1

 
160.2

Income Tax Benefit (Expense)
 
(16.7
)
 
(1.9
)
 
0.8

 
(29.8
)
 
(47.6
)
Income from Continuing Operations
 
35.2

 
9.3

 
4.8

 
63.3

 
112.6

Income (Loss) from Discontinued Operations
 
(0.1
)
 

 
(0.1
)
 
2.1

 
1.9

Net Income
 
$
35.1

 
$
9.3

 
$
4.7

 
$
65.4

 
$
114.5

Income from Continuing Operations Per Unrestricted Share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.63

 
$
0.17

 
$
0.09

 
$
1.20

 
$
2.08

Diluted
 
$
0.63

 
$
0.17

 
$
0.09

 
$
1.20

 
$
2.08

Net Income Per Unrestricted Share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.63

 
$
0.17

 
$
0.09

 
$
1.24

 
$
2.12

Diluted
 
$
0.63

 
$
0.17

 
$
0.09

 
$
1.24

 
$
2.12

Dividends Paid to Shareholders Per Share
 
$
0.24

 
$
0.24

 
$
0.24

 
$
0.24

 
$
0.96

The sum of quarterly per share amounts does not equal per share amounts for the year due to differences in weighted-average shares and/or equivalent shares outstanding for each of the periods presented.