Catastrophe Reinsurance (Tables)

12 Months Ended

Dec. 31, 2019

Reinsurance Disclosures [Abstract]

Reinsurance Retention Policy

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 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 (Tranche A)	150.0		250.0		31.7
2nd Layer of Coverage (Tranche B)	150.0		350.0		63.3

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2019 to December 31, 2019 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		95.0
3rd Layer of Coverage	250.0		275.0		95.0

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts 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 (Tranche A)	150.0		250.0		63.3
2nd Layer of Coverage (Tranche B)	150.0		350.0		31.7

Coverage provided under the 2019 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

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

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, 2019, 2018 and 2017 by the following:

DOLLARS IN MILLIONS	2019		2018		2017
Specialty Property & Casualty Insurance	$	0.2	$	2.6	$	0.1
Preferred Property & Casualty Insurance	20.2		17.8		10.8
Life & Health Insurance	0.1		0.1		0.1
Total Ceded Catastrophe Reinsurance Premiums	$	20.5	$	20.5	$	11.0

Catastrophe Losses and LAE, Net Reinsurance Recoveries

Catastrophe losses and LAE (including reserve development), net of reinsurance recoveries, for the years ended December 31, 2019, 2018 and 2017 by business segment are presented below.

DOLLARS IN MILLIONS	2019		2018		2017
Specialty Property & Casualty Insurance	$	11.6	$	4.4	$	5.2
Preferred Property & Casualty Insurance	44.6		79.1		168.8
Life & Health Insurance	3.9		4.1		6.4
Total Catastrophe Losses and LAE	$	60.1	$	87.6	$	180.4