Catastrophe Reinsurance (Tables)

12 Months Ended

Dec. 31, 2024

Reinsurance Disclosures [Abstract]

Reinsurance Retention Policy

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2024 to December 31, 2024 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		85.0
2nd Layer of Coverage	150.0		240.0		95.0
3rd Layer of Coverage	240.0		250.0		31.7

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2023 to December 31, 2023 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		295.0		95.0
4th Layer of Coverage	295.0		325.0		95.0

Coverage on individual catastrophes provided under the excess of loss reinsurance contracts effective January 1, 2022 to December 31, 2022 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		325.0		95.0
4th Layer of Coverage	325.0		350.0		95.0

Coverage provided under the 2022 aggregate property catastrophe reinsurance contract is summarized below.

	Aggregate Catastrophe Losses and LAE
DOLLARS IN MILLIONS	In Excess of		Up to
Retained	$	—	$	65.0
Coverage	65.0		115.0

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, 2024, 2023 and 2022 by the following:

DOLLARS IN MILLIONS	2024		2023		2022
Specialty Property & Casualty Insurance	$	6.5	$	6.1	$	8.9
Life Insurance	0.3		0.7		0.6
Non-Core Operations	9.6		9.5		22.5
Total Ceded Catastrophe Reinsurance Premiums	$	16.4	$	16.3	$	32.0

Catastrophe Losses and LAE, Net Reinsurance Recoveries

Catastrophe losses and LAE (including reserve development), net of reinsurance recoveries, for the years ended December 31, 2024, 2023 and 2022 by business segment are presented below.

DOLLARS IN MILLIONS	2024		2023		2022
Specialty Property & Casualty Insurance	$	20.6	$	32.2	$	23.6
Life Insurance	2.1		3.0		3.3
Non-Core Operations	48.6		52.4		48.3
Total Catastrophe Losses and LAE	$	71.3	$	87.6	$	75.2