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Business Segments
 9 Months Ended
Sep. 30, 2016
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 preferred and nonstandard, 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 nine and three months ended September 30, 2016 and 2015 were:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
Personal Automobile
 
$
927.4

 
$
730.9

 
$
313.8

 
$
288.5

Homeowners
 
204.2

 
216.3

 
68.5

 
72.1

Other Personal Property and Casualty Insurance
 
89.9

 
92.0

 
29.9

 
30.7

Commercial Automobile
 
40.2

 
40.7

 
13.3

 
13.7

Life
 
285.7

 
279.5

 
95.8

 
95.5

Accident and Health
 
111.2

 
108.7

 
37.6

 
36.2

Total Earned Premiums
 
$
1,658.6

 
$
1,468.1

 
$
558.9

 
$
536.7


Note 10 - Business Segments (continued)
Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2016 and 2015 were:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
Revenues:
 
 
 
 
 
 
 
 
Property & Casualty Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
$
1,205.7

 
$
1,023.1

 
$
406.9

 
$
386.1

Net Investment Income
 
52.0

 
51.7

 
20.4

 
18.3

Other Income
 
0.4

 
0.5

 
0.1

 
0.1

Total Property & Casualty Insurance
 
1,258.1

 
1,075.3

 
427.4

 
404.5

Life & Health Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
452.9

 
445.0

 
152.0

 
150.6

Net Investment Income
 
159.6

 
159.0

 
54.5

 
55.1

Other Income
 
1.9

 
1.7

 
0.7

 
0.7

Total Life & Health Insurance
 
614.4

 
605.7

 
207.2

 
206.4

Total Segment Revenues
 
1,872.5

 
1,681.0

 
634.6

 
610.9

Net Realized Gains on Sales of Investments
 
24.0

 
42.7

 
11.6

 
5.3

Net Impairment Losses Recognized in Earnings
 
(24.0
)
 
(12.5
)
 
(8.3
)
 
(3.3
)
Other
 
6.7

 
12.6

 
2.8

 
2.5

Total Revenues
 
$
1,879.2

 
$
1,723.8

 
$
640.7

 
$
615.4


Note 10 - Business Segments (continued)
Segment Operating Profit (Loss), including a reconciliation to Income (Loss) from Continuing Operations before Income Taxes, for the nine and three months ended September 30, 2016 and 2015 was:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
Segment Operating Profit (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
(24.4
)
 
$
34.6

 
$
15.6

 
$
25.0

Life & Health Insurance
 
10.6

 
82.4

 
(45.7
)
 
35.4

Total Segment Operating Profit (Loss)
 
(13.8
)
 
117.0

 
(30.1
)
 
60.4

Corporate and Other Operating Loss
 
(23.3
)
 
(36.2
)
 
(6.4
)
 
(12.6
)
Total Operating Profit (Loss)
 
(37.1
)
 
80.8

 
(36.5
)
 
47.8

Net Realized Gains on Sales of Investments
 
24.0

 
42.7

 
11.6

 
5.3

Net Impairment Losses Recognized in Earnings
 
(24.0
)
 
(12.5
)
 
(8.3
)
 
(3.3
)
Loss from Early Extinguishment of Debt
 
—

 
(9.1
)
 
—

 
—

Income (Loss) from Continuing Operations before Income Taxes
 
$
(37.1
)
 
$
101.9

 
$
(33.2
)
 
$
49.8


Segment Net Operating Income (Loss), including a reconciliation to Income (Loss) from Continuing Operations, for the nine and three months ended September 30, 2016 and 2015 was:
 
 
Nine Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Sep 30,
2016
 
Sep 30,
2015
 
Sep 30,
2016
 
Sep 30,
2015
Segment Net Operating Income (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
(9.9
)
 
$
31.8

 
$
12.1

 
$
21.0

Life & Health Insurance
 
7.3

 
53.9

 
(29.4
)
 
23.5

Total Segment Net Operating Income (Loss)
 
(2.6
)
 
85.7

 
(17.3
)
 
44.5

Corporate and Other Net Operating Loss
 
(13.8
)
 
(20.6
)
 
(3.1
)
 
(7.9
)
Consolidated Net Operating Income (Loss)
 
(16.4
)
 
65.1

 
(20.4
)
 
36.6

Net Income (Loss) From:
 
 
 
 
 
 
 
 
Net Realized Gains on Sales of Investments
 
15.6

 
27.8

 
7.5

 
3.5

Net Impairment Losses Recognized in Earnings
 
(15.6
)
 
(8.1
)
 
(5.4
)
 
(2.1
)
Loss from Early Extinguishment of Debt
 
—

 
(5.9
)
 
—

 
—

Income (Loss) from Continuing Operations
 
$
(16.4
)
 
$
78.9

 
$
(18.3
)
 
$
38.0