Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information (Unaudited)

QUARTERLY FINANCIAL INFORMATION (Unaudited)


	Three Months Ended (Unaudited)								Year Ended
DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS	Mar 31, 2020		Jun 30, 2020		Sep 30, 2020		Dec 31, 2020		Dec 31, 2020
Revenues:
Earned Premiums	$	1,166.4	$	1,085.3	$	1,206.5	$	1,214.0	$	4,672.2
Net Investment Income	85.6		67.8		92.1		102.7		348.2
Other Income	90.3		1.5		0.9		1.9		94.6
Income (Loss) from Changes in Fair Value of Equity and Convertible Securities	(117.8)		71.6		45.2		73.1		72.1
Net Realized Gains on Sales of Investments	16.5		11.7		10.0		(0.1)		38.1



Impairment Losses	(12.0)		(7.0)		(1.0)		0.5		(19.5)
Total Revenues	1,229.0		1,230.9		1,353.7		1,392.1		5,205.7
Expenses:
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses	835.2		747.5		877.5		863.4		3,323.6
Insurance Expenses	271.6		272.7		276.9		279.3		1,100.5


Interest and Other Expenses	44.5		51.0		47.2		128.8		271.5
Total Expenses	1,151.3		1,071.2		1,201.6		1,271.5		4,695.6
Income from Continuing Operations before Income Taxes	77.7		159.7		152.1		120.6		510.1
Income Tax Expense	(13.7)		(33.6)		(29.8)		(23.1)		(100.2)
Income from Continuing Operations	64.0		126.1		122.3		97.5		409.9




Net Income	$	64.0	$	126.1	$	122.3	$	97.5	$	409.9



Net Income (Loss) Per Unrestricted Share:
Basic	$	0.96	$	1.93	$	1.87	$	1.49	$	6.24
Diluted	$	0.95	$	1.91	$	1.83	$	1.46	$	6.14
Dividends Paid to Shareholders Per Share	$	0.30	$	0.30	$	0.30	$	0.30	$	1.20

The sum of quarterly per share amounts may not equal per share amounts for the year due to differences in weighted-average shares and/or equivalent shares outstanding for each of the periods presented.

NOTE 25. QUARTERLY FINANCIAL INFORMATION (Unaudited) (Continued)


	Three Months Ended (Unaudited)								Year Ended
DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS	Mar 31, 2019		Jun 30, 2019		Sep 30, 2019		Dec 31, 2019		Dec 31, 2019
Revenues:
Earned Premiums	$	1,074.8	$	1,116.6	$	1,135.2	$	1,145.8	$	4,472.4
Net Investment Income	82.7		96.0		91.7		93.9		364.3
Other Income	1.9		22.7		7.2		3.7		35.5
Income (Loss) from Changes in Fair Value of Equity and Convertible Securities	64.4		25.5		9.8		39.2		138.9
Net Realized Gains on Sales of Investments	16.1		21.3		1.7		2.8		41.9



Impairment Losses	(3.6)		(6.7)		(1.8)		(1.7)		(13.8)
Total Revenues	1,236.3		1,275.4		1,243.8		1,283.7		5,039.2
Expenses:
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses	765.4		825.4		782.6		814.9		3,188.3
Insurance Expenses	234.8		263.5		256.0		265.4		1,019.7

Loss from Early Extinguishment of Debt	—		—		5.8		—		5.8
Interest and Other Expenses	41.4		38.0		37.9		46.5		163.8
Total Expenses	1,041.6		1,126.9		1,082.3		1,126.8		4,377.6
Income (Loss) from Continuing Operations before Income Taxes	194.7		148.5		161.5		156.9		661.6
Income Tax Benefit (Expense)	(39.4)		(26.4)		(32.5)		(32.2)		(130.5)





Net Income	$	155.3	$	122.1	$	129.0	$	124.7	$	531.1
Income from Continuing Operations Per Unrestricted Share:
Basic	$	2.38	$	1.87	$	1.93	$	1.87	$	8.04
Diluted	$	2.35	$	1.84	$	1.91	$	1.85	$	7.96
Net Income Per Unrestricted Share:
Basic	$	2.38	$	1.87	$	1.93	$	1.87	$	8.04
Diluted	$	2.35	$	1.84	$	1.91	$	1.85	$	7.96
Dividends Paid to Shareholders Per Share	$	0.25	$	0.25	$	0.25	$	0.28	$	1.03