Catastrophe Reinsurance (Tables)

12 Months Ended

Dec. 31, 2015

Reinsurance Disclosures [Abstract]

Reinsurance Retention Policy

Coverage for the Property & Casualty Insurance segment’s primary catastrophe reinsurance program effective January 1, 2013 to December 31, 2013 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Property & Casualty Insurance Segment:
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		100.0		65.0
2nd Layer of Coverage	100.0		200.0		95.0
3rd Layer of Coverage	200.0		350.0		90.0
4th Layer of Coverage	350.0		450.0		50.0

Coverage for the Property & Casualty Insurance segment’s primary catastrophe reinsurance program effective January 1, 2015 to December 31, 2015 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Property & Casualty Insurance Segment:
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		150.0		95.0
2nd Layer of Coverage	150.0		350.0		95.0

Coverage for the Property & Casualty Insurance segment’s primary catastrophe reinsurance program effective January 1, 2014 to December 31, 2014 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		100.0		95.0
2nd Layer of Coverage	100.0		200.0		95.0
3rd Layer of Coverage	200.0		400.0		95.0

Catastrophe Reinsurance Premiums

Reinsurance premiums for the Company’s primary catastrophe reinsurance programs, the NC Program and the FHCF Program reduced earned premiums for the years ended December 31, 2015, 2014 and 2013 by the following:

DOLLARS IN MILLIONS	2015		2014		2013
Property & Casualty Insurance	$	12.8	$	17.6	$	23.6
Life & Health Insurance	0.1		0.1		—
Total Ceded Catastrophe Reinsurance Premiums	$	12.9	$	17.7	$	23.6

Catastrophe Losses and LAE, Net Reinsurance Recoveries

Catastrophe losses and LAE (including reserve development), net of reinsurance recoveries, for the years ended December 31, 2015, 2014 and 2013 by business segment are presented below.

DOLLARS IN MILLIONS	2015		2014		2013
Property & Casualty Insurance	$	56.6	$	80.7	$	34.6
Life & Health Insurance	3.9		3.1		1.6
Total Catastrophe Losses and LAE	$	60.5	$	83.8	$	36.2