Business Segments

3 Months Ended

Mar. 31, 2017

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 three months endedMarch 31, 2017 and 2016 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2017		Mar 31, 2016
Personal Automobile	$	320.7	$	303.3
Homeowners	66.3		68.1
Other Personal Property and Casualty Insurance	28.9		29.8
Commercial Automobile	12.7		13.5
Life	95.7		94.4
Accident and Health	39.1		36.9
Total Earned Premiums	$	563.4	$	546.0

Segment Revenues, including a reconciliation to Total Revenues, for the three months endedMarch 31, 2017 and 2016 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2017			Mar 31, 2016
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	410.4		$	396.2
Net Investment Income	24.1			11.9
Other Income	0.2			0.2
Total Property & Casualty Insurance	434.7			408.3
Life & Health Insurance:
Earned Premiums	153.0			149.8
Net Investment Income	53.0			55.0
Other Income	0.6			0.6
Total Life & Health Insurance	206.6			205.4
Total Segment Revenues	641.3			613.7
Net Realized Gains on Sales of Investments	10.5			6.8
Net Impairment Losses Recognized in Earnings	(5.0		)	(9.3		)
Other	4.6			0.1
Total Revenues	$	651.4		$	611.3

Note 10 - Business Segments (continued)

Segment Operating Profit (Loss), including a reconciliation to Loss from Continuing Operations before Income Taxes, for the three months endedMarch 31, 2017 and 2016 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2017			Mar 31, 2016
Segment Operating Profit (Loss):
Property & Casualty Insurance	$	(37.2	)	$	(22.8	)
Life & Health Insurance	32.6			31.0
Total Segment Operating Profit (Loss)	(4.6		)	8.2
Corporate and Other Operating Loss	(4.4		)	(12.2		)
Total Operating Loss	(9.0		)	(4.0		)
Net Realized Gains on Sales of Investments	10.5			6.8
Net Impairment Losses Recognized in Earnings	(5.0		)	(9.3		)
Loss from Continuing Operations before Income Taxes	$	(3.5	)	$	(6.5	)

Segment Net Operating Income (Loss), including a reconciliation to Loss from Continuing Operations, for the three months endedMarch 31, 2017 and 2016 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2017			Mar 31, 2016
Segment Net Operating Income (Loss):
Property & Casualty Insurance	$	(22.1	)	$	(13.1	)
Life & Health Insurance	21.5			20.3
Total Segment Net Operating Income (Loss)	(0.6		)	7.2
Corporate and Other Net Operating Loss	(3.3		)	(7.8		)
Consolidated Net Operating Loss	(3.9		)	(0.6		)
Net Income (Loss) From:
Net Realized Gains on Sales of Investments	6.8			4.4
Net Impairment Losses Recognized in Earnings	(3.3		)	(6.0		)
Loss from Continuing Operations	$	(0.4	)	$	(2.2	)