Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Revenue from External Customers by Products and Services

Earned Premiums by product line for the six and three months ended June 30, 2023 and 2022 were:

	Six Months Ended				Three Months Ended
(Dollars in Millions)	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Specialty Property & Casualty Insurance:
Personal Automobile	$	1,554.5	$	1,807.5	$	766.6	$	905.8
Commercial Automobile	322.0		257.8		165.7		137.9
Preferred Property & Casualty Insurance:
Preferred Automobile	153.9		190.0		75.7		94.0
Homeowners	102.2		99.0		50.0		47.7
Other Personal Lines	13.7		16.5		6.7		8.2
Life & Health Insurance:
Life	167.0		169.5		84.8		86.8
Accident and Health	11.7		90.9		5.8		45.1
Property	22.8		26.4		11.6		12.1
Total Earned Premiums	$	2,347.8	$	2,657.6	$	1,166.9	$	1,337.6

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the six and three months ended June 30, 2023 and 2022 were:

	Six Months Ended				Three Months Ended
(Dollars in Millions)	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums	$	1,876.5	$	2,065.3	$	932.3	$	1,043.7
Net Investment Income	83.0		68.9		44.5		34.0
Change in Value of Alternative Energy Partnership Investments	0.8		(10.9)		0.4		(2.5)
Other Income	1.6		2.7		0.7		1.0
Total Specialty Property & Casualty Insurance	1,961.9		2,126.0		977.9		1,076.2
Preferred Property & Casualty Insurance:
Earned Premiums	269.8		305.5		132.4		149.9
Net Investment Income	23.6		24.4		13.1		11.9
Change in Value of Alternative Energy Partnership Investments	0.3		(5.0)		0.2		(1.1)
Total Preferred Property & Casualty Insurance	293.7		324.9		145.7		160.7
Life & Health Insurance:
Earned Premiums	201.5		286.8		102.2		144.0
Net Investment Income	96.9		111.3		47.1		61.9
Change in Value of Alternative Energy Partnership Investments	0.4		(5.7)		0.2		(1.3)
Other (Loss) Income	(0.3)		(0.8)		0.1		(0.8)
Total Life & Health Insurance	298.5		391.6		149.6		203.8
Total Segment Revenues	2,554.1		2,842.5		1,273.2		1,440.7
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	4.1		(68.7)		2.4		(40.5)
Net Realized Investment (Losses) Gains	(8.0)		12.5		(14.4)		11.0
Net Impairment Gains (Losses) Recognized in Earnings	1.2		(13.8)		(0.9)		(4.9)
Other	6.2		15.3		2.5		11.4
Total Revenues	$	2,557.6	$	2,787.8	$	1,262.8	$	1,417.7

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

, including a reconciliation to Loss before Income Taxes, for the six and three months ended June 30, 2023 and 2022 was:

	Six Months Ended				Three Months Ended
(Dollars in Millions)	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Segment Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(89.7)	$	(111.2)	$	(15.0)	$	(51.0)
Preferred Property & Casualty Insurance	(15.9)		(31.1)		(3.7)		(21.6)
Life & Health Insurance	24.9		35.9		10.1		23.9
Total Segment Operating Loss	(80.7)		(106.4)		(8.6)		(48.7)
Corporate and Other Operating Loss From:
Other	(28.2)		(15.6)		(15.3)		(1.6)
Corporate and Other Operating Loss	(28.2)		(15.6)		(15.3)		(1.6)
Adjusted Consolidated Operating Loss	(108.9)		(122.0)		(23.9)		(50.3)
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	4.1		(68.7)		2.4		(40.5)
Net Realized Investment (Losses) Gains	(8.0)		12.5		(14.4)		11.0
Impairment Gains (Losses)	1.2		(13.8)		(0.9)		(4.9)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(58.6)		(14.6)		(29.5)		(9.9)
Loss from Early Extinguishment of Debt	—		(3.7)		—		—
Goodwill Impairment Charge	(49.6)		—		(49.6)		—
Loss before Income Taxes	$	(219.8)	$	(210.3)	$	(115.9)	$	(94.6)

Note 5 - Business Segments (Continued)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

, including a reconciliation to Net Loss, for the six and three months ended June 30, 2023 and 2022 was:

	Six Months Ended				Three Months Ended
(Dollars in Millions and Net of Income Taxes)	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Segment Net Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(69.2)	$	(83.6)	$	(10.8)	$	(38.9)
Preferred Property & Casualty Insurance	(12.2)		(22.9)		(2.7)		(16.8)
Life & Health Insurance	22.1		31.8		8.9		20.2
Total Segment Net Operating Loss	(59.3)		(74.7)		(4.6)		(35.5)
Corporate and Other Net Operating Loss From:
Other	(22.8)		(14.1)		(12.3)		(1.7)
Total Corporate and Other Net Operating Loss	(22.8)		(14.1)		(12.3)		(1.7)
Adjusted Consolidated Net Operating Loss	(82.1)		(88.8)		(16.9)		(37.2)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities	3.2		(54.3)		1.9		(32.0)
Net Realized Investment (Losses) Gains	(7.4)		9.9		(12.5)		8.7
Impairment Gains (Losses)	0.9		(10.9)		(0.8)		(3.9)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(46.3)		(11.5)		(23.3)		(7.8)
Loss from Early Extinguishment of Debt	—		(2.9)		—		—
Goodwill Impairment Charge	(45.5)		—		(45.5)		—
Net Loss	$	(177.2)	$	(158.5)	$	(97.1)	$	(72.2)