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Business Segments
 6 Months Ended
Jun. 30, 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 six and three months ended June 30, 2017 and 2016 were:
 
 
Six Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Jun 30,
2017
 
Jun 30,
2016
 
Jun 30,
2017
 
Jun 30,
2016
Personal Automobile
 
$
659.8

 
$
613.6

 
$
339.1

 
$
310.3

Homeowners
 
132.9

 
135.7

 
66.6

 
67.6

Other Personal Property and Casualty Insurance
 
58.1

 
60.0

 
29.2

 
30.2

Commercial Automobile
 
25.4

 
26.9

 
12.7

 
13.4

Life
 
191.1

 
189.9

 
95.4

 
95.5

Accident and Health
 
78.6

 
73.6

 
39.5

 
36.7

Total Earned Premiums
 
$
1,145.9

 
$
1,099.7

 
$
582.5

 
$
553.7


Segment Revenues, including a reconciliation to Total Revenues, for the six and three months ended June 30, 2017 and 2016 were:
 
 
Six Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Jun 30,
2017
 
Jun 30,
2016
 
Jun 30,
2017
 
Jun 30,
2016
Revenues:
 
 
 
 
 
 
 
 
Property & Casualty Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
$
839.6

 
$
798.8

 
$
429.2

 
$
402.6

Net Investment Income
 
44.7

 
31.6

 
20.6

 
19.7

Other Income
 
0.5

 
0.3

 
0.3

 
0.1

Total Property & Casualty Insurance
 
884.8

 
830.7

 
450.1

 
422.4

Life & Health Insurance:
 
 
 
 
 
 
 
 
Earned Premiums
 
306.3

 
300.9

 
153.3

 
151.1

Net Investment Income
 
107.9

 
105.1

 
54.9

 
50.1

Other Income
 
1.2

 
1.2

 
0.6

 
0.6

Total Life & Health Insurance
 
415.4

 
407.2

 
208.8

 
201.8

Total Segment Revenues
 
1,300.2

 
1,237.9

 
658.9

 
624.2

Net Realized Gains on Sales of Investments
 
36.9

 
12.4

 
26.4

 
5.6

Net Impairment Losses Recognized in Earnings
 
(7.6
)
 
(15.7
)
 
(2.6
)
 
(6.4
)
Other
 
6.3

 
3.9

 
1.7

 
3.8

Total Revenues
 
$
1,335.8

 
$
1,238.5

 
$
684.4

 
$
627.2


Note 10 - Business Segments (continued)
Segment Operating Profit, including a reconciliation to Income (Loss) from Continuing Operations before Income Taxes, for the six and three months ended June 30, 2017 and 2016 was:
 
 
Six Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Jun 30,
2017
 
Jun 30,
2016
 
Jun 30,
2017
 
Jun 30,
2016
Segment Operating Profit (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
(33.0
)
 
$
(40.0
)
 
$
4.2

 
$
(17.2
)
Life & Health Insurance
 
63.8

 
56.3

 
31.2

 
25.3

Total Segment Operating Profit
 
30.8

 
16.3

 
35.4

 
8.1

Corporate and Other Operating Loss
 
(11.5
)
 
(16.9
)
 
(7.1
)
 
(4.7
)
Total Operating Profit (Loss)
 
19.3

 
(0.6
)
 
28.3

 
3.4

Net Realized Gains on Sales of Investments
 
36.9

 
12.4

 
26.4

 
5.6

Net Impairment Losses Recognized in Earnings
 
(7.6
)
 
(15.7
)
 
(2.6
)
 
(6.4
)
Income (Loss) from Continuing Operations before Income Taxes
 
$
48.6

 
$
(3.9
)
 
$
52.1

 
$
2.6


Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the six and three months ended June 30, 2017 and 2016 was:
 
 
Six Months Ended
 
Three Months Ended
(Dollars in Millions)
 
Jun 30,
2017
 
Jun 30,
2016
 
Jun 30,
2017
 
Jun 30,
2016
Segment Net Operating Income (Loss):
 
 
 
 
 
 
 
 
Property & Casualty Insurance
 
$
(17.2
)
 
$
(22.0
)
 
$
4.9

 
$
(8.9
)
Life & Health Insurance
 
42.0

 
36.7

 
20.5

 
16.4

Total Segment Net Operating Income
 
24.8

 
14.7

 
25.4

 
7.5

Corporate and Other Net Operating Loss
 
(7.7
)
 
(10.7
)
 
(4.4
)
 
(2.9
)
Consolidated Net Operating Income
 
17.1

 
4.0

 
21.0

 
4.6

Net Income (Loss) From:
 
 
 
 
 
 
 
 
Net Realized Gains on Sales of Investments
 
24.0

 
8.1

 
17.2

 
3.7

Net Impairment Losses Recognized in Earnings
 
(4.9
)
 
(10.2
)
 
(1.6
)
 
(4.2
)
Income from Continuing Operations
 
$
36.2

 
$
1.9

 
$
36.6

 
$
4.1