Catastrophe Reinsurance (Tables)

12 Months Ended

Dec. 31, 2018

Reinsurance Disclosures [Abstract]

Reinsurance Retention Policy

effective January 1, 2018 to December 31, 2018 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		150.0		95.0
2nd Layer of Coverage	150.0		250.0		63.3
2nd Layer of Coverage	150.0		350.0		31.7

2017 to December 31, 2017 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		150.0		95.0
2nd Layer of Coverage	150.0		250.0		31.7
2nd Layer of Coverage	150.0		350.0		63.3

Coverage provided under the 2018 aggregate property catastrophe reinsurance contract is summarized below.

	Aggregate Catastrophe Losses and LAE
DOLLARS IN MILLIONS	In Excess of		Up to
Retained	$	—	$	60.0
Coverage	60.0		110.0

January 1, 2016 to December 31, 2016 is provided in various layers as presented below.

DOLLARS IN MILLIONS	Catastrophe Losses and LAE				Percentage of Coverage
	In Excess of		Up to
Retained	$	—	$	50.0	—	%
1st Layer of Coverage	50.0		150.0		95.0
2nd Layer of Coverage	150.0		350.0		95.0

Catastrophe Reinsurance Premiums

Reinsurance premiums for the Company’s catastrophe reinsurance programs and the FHCF Program reduced earned premiums for the years ended December 31, 2018, 2017 and 2016 by the following:

DOLLARS IN MILLIONS	2018		2017		2016
Preferred Property & Casualty Insurance	$	17.8	$	10.8	$	11.8
Specialty Property & Casualty Insurance	2.6		0.1		0.1
Life & Health Insurance	0.1		0.1		0.1
Total Ceded Catastrophe Reinsurance Premiums	$	20.5	$	11.0	$	12.0

Catastrophe Losses and LAE, Net Reinsurance Recoveries

Catastrophe losses and LAE (including reserve development), net of reinsurance recoveries, for the years ended December 31, 2018, 2017 and 2016 by business segment are presented below.

DOLLARS IN MILLIONS	2018		2017		2016
Preferred Property & Casualty Insurance	$	79.1	$	168.8	$	84.1
Specialty Property & Casualty Insurance	4.4		5.2		6.3
Life & Health Insurance	4.1		6.4		5.4
Total Catastrophe Losses and LAE	$	87.6	$	180.4	$	95.8