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Acquisition of Business (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Based on the Company’s final allocation of the purchase price, the fair value of the assets acquired and liabilities assumed were:
DOLLARS IN MILLIONS
 
 
Investments
 
$
1,569.3

Short-term Investments at Cost which Approximates Fair Value
Investments
 
98.8

Cash
 
4.0

Receivables from Policyholders
 
583.4

Other Receivables
 
31.7

Value of Intangible Assets Acquired (Reported in Other Assets)
 
262.7

Current Income Tax Assets
 
1.0

Goodwill1
 
791.0

Other Assets
 
102.1

Property and Casualty Insurance Reserves
 
(717.2
)
Unearned Premiums
 
(715.6
)
Debt
 
(282.1
)
Deferred Income Tax Liabilities
 
(10.8
)
Accrued Expenses and Other Liabilities
 
(169.6
)
Total Purchase Price
 
$
1,548.7


1Non-deductible for tax-purposes.