Property and Casualty Insurance Reserves (Tables)

9 Months Ended

Sep. 30, 2021

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Liability for Unpaid Claims Adjustment Expense by Expense Type

Property and casualty insurance reserve activity for the nine months ended September 30, 2021 and 2020 was:

	Nine Months Ended
(Dollars in Millions)	Sep 30, 2021		Sep 30, 2020
Property and Casualty Insurance Reserves:
Gross of Reinsurance at Beginning of Year	$	1,982.5	$	1,969.8
Less Reinsurance Recoverables at Beginning of Year	50.1		65.6
Property and Casualty Insurance Reserves - Net of Reinsurance at Beginning of Year	1,932.4		1,904.2
Property and Casualty Insurance Reserves Acquired, Net of Reinsurance	211.1		—
Incurred Losses and LAE Related to:
Current Year	2,885.7		2,132.3
Prior Years	107.9		28.3
Total Incurred Losses and LAE	2,993.6		2,160.6
Paid Losses and LAE Related to:
Current Year	1,503.9		1,133.7
Prior Years	1,080.4		1,032.9
Total Paid Losses and LAE	2,584.3		2,166.6
Property and Casualty Insurance Reserves - Net of Reinsurance at End of Period	2,552.8		1,898.2
Plus Reinsurance Recoverables at End of Period	43.4		51.8
Property and Casualty Insurance Reserves - Gross of Reinsurance at End of Period	$	2,596.2	$	1,950.0

Premium Receivable, Allowance for Credit Loss

The following table presents receivables from policyholders, net of the allowance for expected credit losses including a rollforward of changes in the allowance for expected credit losses for the nine months ended September 30, 2021.

(Dollars in Millions)	Receivables from Policyholders, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance at Beginning of Year	$	1,194.5	$	20.9
Provision for Expected Credit Losses			36.7
Write-offs of Uncollectible Receivables from Policyholders			(44.9)
Balance at End of Period	$	1,481.2	$	12.7

The following table presents receivables from policyholders, net of the allowance for expected credit losses including a rollforward of changes in the allowance for expected credit losses for the nine months ended September 30, 2020.

(Dollars in Millions)	Receivables from Policyholders, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
Balance at Beginning of Year	$	1,117.1	$	22.3
Provision for Expected Credit Losses			31.9
Write-offs of Uncollectible Receivables from Policyholders			(33.8)
Balance at End of Period	$	1,249.3	$	20.4