Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Assets

Segment Assets at December 31, 2017 and 2016 were:

DOLLARS IN MILLIONS	2017		2016
Property & Casualty Insurance	$	2,894.9	$	2,815.1
Life & Health Insurance	5,079.3		4,888.7
Corporate and Other, Net	402.0		506.7
Total Assets	$	8,376.2	$	8,210.5

Earned Premiums by Product Line

Earned Premiums by product line for the years ended December 31, 2017, 2016 and 2015 were:

DOLLARS IN MILLIONS	2017		2016		2015
Personal Automobile	$	1,377.1	$	1,244.6	$	1,027.7
Homeowners	264.8		271.9		286.3
Other Personal Property and Casualty Insurance	115.3		119.2		122.1
Commercial Automobile	51.4		53.3		54.5
Life	379.7		381.6		374.1
Accident and Health	161.7		149.4		144.9
Total Earned Premiums	$	2,350.0	$	2,220.0	$	2,009.6

Segment Revenues

Segment Revenues, including a reconciliation to Total Revenues, for the years ended December 31, 2017, 2016 and 2015 were:

DOLLARS IN MILLIONS	2017			2016			2015
Segment Revenues:
Property & Casualty Insurance:
Earned Premiums	$	1,736.0		$	1,614.8		$	1,415.2
Net Investment Income	94.3			72.4			73.3
Other Income	1.1			0.5			0.6
Total Property & Casualty Insurance	1,831.4			1,687.7			1,489.1
Life & Health Insurance:
Earned Premiums	614.0			605.2			594.4
Net Investment Income	221.5			213.2			214.2
Other Income	2.6			2.8			2.4
Total Life & Health Insurance	838.1			821.2			811.0
Total Segment Revenues	2,669.5			2,508.9			2,300.1
Net Realized Gains on the Sales of Investments	56.5			33.1			52.1
Net Impairment Losses Recognized in Earnings	(14.3		)	(32.7		)	(27.2		)
Other	11.7			12.6			15.8
Total Revenues	$	2,723.4		$	2,521.9		$	2,340.8

Segment Operating Profit

Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the years ended December 31, 2017, 2016 and 2015 was:

DOLLARS IN MILLIONS	2017			2016			2015
Segment Operating Profit (Loss):
Property & Casualty Insurance	$	(1.4	)	$	(17.2	)	$	23.7
Life & Health Insurance	138.5			45.7			109.7
Total Segment Operating Profit	137.1			28.5			133.4
Corporate and Other Operating Loss	(18.2		)	(25.4		)	(48.9		)
Total Operating Profit	118.9			3.1			84.5
Net Realized Gains on Sales of Investments	56.5			33.1			52.1
Net Impairment Losses Recognized in Earnings	(14.3		)	(32.7		)	(27.2		)
Loss from Early Extinguishment of Debt	—			—			(9.1		)
Income from Continuing Operations before Income Taxes	$	161.1		$	3.5		$	100.3

Segment Net Income (Loss)

NOTE 18. BUSINESS SEGMENTS (Continued)

Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the years ended December 31, 2017, 2016 and 2015 was:

DOLLARS IN MILLIONS	2017			2016			2015
Segment Net Operating Income (Loss):
Property & Casualty Insurance	$	7.8		$	(2.9	)	$	26.7
Life & Health Insurance	90.8			30.3			71.7
Total Segment Net Operating Income	98.6			27.4			98.4
Corporate and Other Net Operating Income (Loss) From:
Effects of Tax Law Changes	7.4			—			—
Other	(13.5		)	(15.0		)	(28.5		)
Corporate and Other Net Operating Loss	(6.1		)	(15.0		)	(28.5		)
Consolidated Net Operating Income	92.5			12.4			69.9
Net Income (Loss) From:
Net Realized Gains on Sales of Investments	36.7			21.5			33.9
Net Impairment Losses Recognized in Earnings	(9.3		)	(21.2		)	(17.7		)
Loss from Early Extinguishment of Debt	—			—			(5.9		)
Income from Continuing Operations	$	119.9		$	12.7		$	80.2

Segment Amortization of Deferred Policy Acquisition Costs

Amortization of Deferred Policy Acquisition Costs by Operating Segment for the years ended December 31, 2017, 2016 and 2015 was:

DOLLARS IN MILLIONS	2017		2016		2015
Property & Casualty Insurance	$	264.8	$	252.1	$	213.1
Life & Health Insurance	53.5		47.2		44.3
Total Amortization	$	318.3	$	299.3	$	257.4