Business Segments

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Business Segments

Note 11 - 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 distributed primarily through independent agents and brokers. The Life & Health Insurance segment’s principal products are individual life, accident, supplemental health and property insurance. These products are distributed by career agents employed by the Company and independent agents and brokers.

Earned Premiums by product line for the three months endedMarch 31, 2016 and 2015 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2016		Mar 31, 2015
Personal Automobile	$	303.3	$	189.8
Homeowners	68.1		72.6
Other Personal Property and Casualty Insurance	29.8		30.6
Commercial Automobile	13.5		13.5
Life	94.4		88.0
Accident and Health	36.9		36.8
Total Earned Premiums	$	546.0	$	431.3

Note 11 - Business Segments (continued)

Segment Revenues, including a reconciliation to Total Revenues, for the three months endedMarch 31, 2016 and 2015 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2016			Mar 31, 2015
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	396.2		$	287.6
Net Investment Income	11.9			14.8
Other Income	0.2			0.3
Total Property & Casualty Insurance	408.3			302.7
Life & Health Insurance:
Earned Premiums	149.8			143.7
Net Investment Income	55.0			50.4
Other Income	0.6			0.8
Total Life & Health Insurance	205.4			194.9
Total Segment Revenues	613.7			497.6
Net Realized Gains on Sales of Investments	6.8			3.4
Net Impairment Losses Recognized in Earnings	(9.3		)	(7.0		)
Other	0.1			5.2
Total Revenues	$	611.3		$	499.2

Note 11 - Business Segments (continued)

Segment Operating Profit (Loss), including a reconciliation to Income (Loss) from Continuing Operations before Income Taxes, for the three months endedMarch 31, 2016 and 2015 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2016			Mar 31, 2015
Segment Operating Profit (Loss):
Property & Casualty Insurance	$	(22.8	)	$	18.0
Life & Health Insurance	31.0			24.8
Total Segment Operating Profit	8.2			42.8
Corporate and Other Operating Loss	(12.2		)	(12.3		)
Total Operating Profit (Loss)	(4.0		)	30.5
Net Realized Gains on Sales of Investments	6.8			3.4
Net Impairment Losses Recognized in Earnings	(9.3		)	(7.0		)
Loss from Early Extinguishment of Debt	—			(9.1		)
Income (Loss) from Continuing Operations before Income Taxes	$	(6.5	)	$	17.8

Segment Net Operating Income, including a reconciliation to Income (Loss) from Continuing Operations, for the three months endedMarch 31, 2016 and 2015 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2016			Mar 31, 2015
Segment Net Operating Income (Loss):
Property & Casualty Insurance	$	(13.1	)	$	13.4
Life & Health Insurance	20.3			16.1
Total Segment Net Operating Income	7.2			29.5
Corporate and Other Net Operating Loss	(7.8		)	(7.7		)
Consolidated Net Operating Income (Loss)	(0.6		)	21.8
Net Income (Loss) From:
Net Realized Gains on Sales of Investments	4.4			2.2
Net Impairment Losses Recognized in Earnings	(6.0		)	(4.6		)
Loss from Early Extinguishment of Debt	—			(5.9		)
Income (Loss) from Continuing Operations	$	(2.2	)	$	13.5