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Business Segments (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Assets
Segment Assets at December 31, 2018 and 2017 were:
DOLLARS IN MILLIONS
 
2018
 
2017
Preferred Property & Casualty Insurance
 
$
1,567.7

 
$
1,567.6

Specialty Property & Casualty Insurance
 
3,541.0

 
1,327.3

Life & Health Insurance
 
5,117.2

 
5,079.3

Corporate and Other, Net
 
1,319.0

 
402.0

Total Assets
 
$
11,544.9

 
$
8,376.2

Earned Premiums by Product Line
Earned Premiums by product line for the years ended December 31, 2018, 2017 and 2016 were:
DOLLARS IN MILLIONS
 
2018
 
2017
 
2016
Preferred Property & Casualty Insurance:
 
 
 
 
 
 
Preferred Automobile
 
$
440.2

 
$
422.8

 
$
424.6

Homeowners
 
250.1

 
264.8

 
271.9

Other Personal Lines
 
40.4

 
42.7

 
45.0

Specialty Property & Casualty Insurance:
 
 
 
 
 
 
Specialty Automobile
 
1,889.5

 
954.3

 
820.0

Commercial Automobile
 
137.9

 
51.4

 
53.3

Life & Health Insurance:
 
 
 
 
 
 
Life
 
378.4

 
379.7

 
381.6

Accident & Health
 
177.5

 
161.7

 
149.4

Property
 
70.4

 
72.6

 
74.2

Total Earned Premiums
 
$
3,384.4

 
$
2,350.0

 
$
2,220.0

Segment Revenues
Segment Revenues, including a reconciliation to Total Revenues, for the years ended December 31, 2018, 2017 and 2016 were:
DOLLARS IN MILLIONS
 
2018
 
2017
 
2016
Segment Revenues:
 
 
 
 
 
 
Preferred Property & Casualty Insurance:
 
 
 
 
 
 
Earned Premiums
 
$
730.7

 
730.3

 
741.5

Net Investment Income
 
61.8

 
58.9

 
48.6

Total Preferred Property & Casualty Insurance
 
792.5

 
789.2

 
790.1

Specialty Property & Casualty Insurance:
 
 
 
 
 
 
Earned Premiums
 
2,027.4

 
1,005.7

 
873.3

Net Investment Income
 
63.4

 
39.2

 
29.1

Other Income
 
2.4

 
1.1

 
0.5

Total Specialty Property & Casualty Insurance
 
2,093.2

 
1,046.0

 
902.9

Life & Health Insurance:
 
 
 
 
 
 
Earned Premiums
 
626.3

 
614.0

 
605.2

Net Investment Income
 
210.9

 
223.2

 
214.2

Other Income
 
4.0

 
2.6

 
2.8

Total Life & Health Insurance
 
841.2

 
839.8

 
822.2

Total Segment Revenues
 
3,726.9

 
2,675.0

 
2,515.2

Loss from Change in Fair Value of Equity and Convertible Securities
 
(64.3
)
 

 

Net Realized Gains on the Sales of Investments
 
26.4

 
56.5

 
33.1

Net Impairment Losses Recognized in Earnings
 
(4.5
)
 
(14.3
)
 
(32.7
)
Other
 
40.6

 
6.2

 
6.3

Total Revenues
 
$
3,725.1

 
$
2,723.4

 
$
2,521.9

Segment Operating Profit
Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the years ended December 31, 2018, 2017 and 2016 was:
DOLLARS IN MILLIONS
 
2018
 
2017
 
2016
Segment Operating Profit (Loss):
 
 
 
 
 
 
Preferred Property & Casualty Insurance
 
$
28.6

 
$
(78.1
)
 
$
15.8

Specialty Property & Casualty Insurance
 
145.6

 
80.5

 
(27.7
)
Life & Health Insurance
 
115.9

 
140.2

 
46.7

Total Segment Operating Profit
 
290.1

 
142.6

 
34.8

Corporate and Other Operating Loss
 
(3.9
)
 
(23.7
)
 
(31.7
)
Adjusted Consolidated Operating Profit
 
286.2

 
118.9

 
3.1

Loss from Change in Fair Value of Equity and Convertible Securities
 
(64.3
)
 

 

Net Realized Gains on Sales of Investments
 
26.4

 
56.5

 
33.1

Net Impairment Losses Recognized in Earnings
 
(4.5
)
 
(14.3
)
 
(32.7
)
Acquisition Related Transaction, Integration and Other Costs
 
(44.7
)
 

 

Income from Continuing Operations before Income Taxes
 
$
199.1

 
$
161.1

 
$
3.5

Segment Net Income (Loss)

Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the years ended December 31, 2018, 2017 and 2016 was:
DOLLARS IN MILLIONS
 
2018
 
2017
 
2016
Segment Net Operating Income (Loss):
 
 
 
 
 
 
Preferred Property & Casualty Insurance
 
$
25.7

 
$
(45.4
)
 
$
15.6

Specialty Property & Casualty Insurance
 
115.8

 
56.3

 
(14.5
)
Life & Health Insurance
 
91.5

 
91.9

 
31.0

Total Segment Net Operating Income
 
233.0

 
102.8

 
32.1

Corporate and Other Net Operating Income (Loss) From:
 
 
 
 
 
 
Effects of Tax Law Changes
 
26.4

 
7.4

 

Partial Satisfaction of Judgment
 
28.2

 

 

Other
 
(29.2
)
 
(17.7
)
 
(19.7
)
Corporate and Other Net Operating Loss
 
25.4

 
(10.3
)
 
(19.7
)
Adjusted Consolidated Net Operating Income
 
258.4

 
92.5

 
12.4

Net Income (Loss) From:
 
 
 
 
 
 
Change in Fair Value of Equity and Convertible Securities
 
(50.8
)
 

 

Net Realized Gains on Sales of Investments
 
20.9

 
36.7

 
21.5

Net Impairment Losses Recognized in Earnings
 
(3.6
)
 
(9.3
)
 
(21.2
)
Acquisition Related Transaction, Integration and Other Costs
 
(36.5
)
 

 

Income from Continuing Operations
 
$
188.4

 
$
119.9

 
$
12.7

Segment Amortization of Deferred Policy Acquisition Costs

Amortization of Deferred Policy Acquisition Costs by Operating Segment for the years ended December 31, 2018, 2017 and 2016 was:
DOLLARS IN MILLIONS
 
2018
 
2017
 
2016
Preferred Property & Casualty Insurance
 
$
117.2

 
$
114.6

 
$
115.3

Specialty Property & Casualty Insurance
 
202.0

 
150.2

 
136.8

Life & Health Insurance
 
57.9

 
53.5

 
47.2

Total Amortization
 
$
377.1

 
$
318.3

 
$
299.3