Business Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Revenue from External Customers by Products and Services

Earned Premiums by product line for the three months ended March 31, 2020 and 2019 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2020		Mar 31, 2019
Specialty Property & Casualty Insurance:
Specialty Automobile	$	753.2	$	669.6
Commercial Automobile	69.3		59.7
Preferred Property & Casualty Insurance:
Personal Automobile	114.9		115.4
Homeowners	56.8		60.3
Other Personal Lines	9.2		9.9
Life & Health Insurance:
Life	97.2		95.8
Accident and Health	49.4		46.9
Property	16.4		17.2
Total Earned Premiums	$	1,166.4	$	1,074.8

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the three months ended March 31, 2020 and 2019 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2020			Mar 31, 2019
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums	$	822.5		$	729.3
Net Investment Income	28.8			21.5
Other Income	0.9			0.8
Total Specialty Property & Casualty Insurance	852.2			751.6
Preferred Property & Casualty Insurance:
Earned Premiums	180.9			185.6
Net Investment Income	9.7			8.3
Total Preferred Property & Casualty Insurance	190.6			193.9
Life & Health Insurance:
Earned Premiums	163.0			159.9
Net Investment Income	51.0			51.7
Other Income	0.1			1.1
Total Life & Health Insurance	214.1			212.7
Total Segment Revenues	1,256.9			1,158.2
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	(117.8		)	64.4
Net Realized Gains on Sales of Investments	16.5			16.1
Impairment Losses	(12.0		)	(3.6		)
Other	85.4			1.2
Total Revenues	$	1,229.0		$	1,236.3

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Segment Operating Profit, including a reconciliation to Income from Continuing Operations before Income Taxes, for the three months ended March 31, 2020 and 2019 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2020			Mar 31, 2019
Segment Operating Profit:
Specialty Property & Casualty Insurance	$	75.0		$	99.4
Preferred Property & Casualty Insurance	23.0			3.3
Life & Health Insurance	26.5			29.3
Total Segment Operating Profit	124.5			132.0
Corporate and Other Operating Profit (Loss) From:
Partial Satisfaction of Judgment	89.4			—
Other	(11.1		)	(8.6		)
Corporate and Other Operating Profit (Loss)	78.3			(8.6		)
Adjusted Consolidated Operating Profit	202.8			123.4
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	(117.8		)	64.4
Net Realized Gains on Sales of Investments	16.5			16.1
Impairment Losses	(12.0		)	(3.6		)
Acquisition Related Transaction, Integration and Other Costs	(11.8		)	(5.6		)
Income from Continuing Operations before Income Taxes	$	77.7		$	194.7

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Segment Net Operating Income, including a reconciliation to Income from Continuing Operations, for the three months ended March 31, 2020 and 2019 was:

	Three Months Ended
(Dollars in Millions and Net of Income Taxes)	Mar 31, 2020			Mar 31, 2019
Segment Net Operating Income (Loss):
Specialty Property & Casualty Insurance	$	60.1		$	79.6
Preferred Property & Casualty Insurance	18.4			2.8
Life & Health Insurance	22.3			23.1
Total Segment Net Operating Income	100.8			105.5
Corporate and Other Net Operating Income (Loss) From:
Partial Satisfaction of Judgment	70.6			—
Other	(8.5		)	(6.6		)
Total Corporate and Other Net Operating Income (Loss)	62.1			(6.6		)
Adjusted Consolidated Net Operating Income	162.9			98.9
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities	(93.1		)	50.9
Net Realized Gains on Sales of Investments	13.0			12.7
Impairment Losses	(9.5		)	(2.8		)
Acquisition Related Transaction, Integration and Other Costs	(9.3		)	(4.4		)
Income from Continuing Operations	$	64.0		$	155.3