Three Months Ended

Six Months Ended

June 30,

June 30,

(in millions)

2022

2021

2022

2021

Operating revenues:

Core Commercial

$

513.6

$

483.4

$

1,024.7

$

956.3

Specialty

309.8

273.5

611.1

547.7

Personal Lines

544.2

500.4

1,074.9

993.7

Other

3.2

3.9

6.7

8.1

Total

1,370.8

1,261.2

2,717.4

2,505.8

Net realized and unrealized investment gains (losses)

(77.9

)

31.1

(93.8

)

68.6

Total revenues

$

1,292.9

$

1,292.3

$

2,623.6

$

2,574.4

Operating income before interest expense and income taxes:

Core Commercial:

Underwriting income (loss)

$

34.3

$

35.1

$

66.5

$

(16.2

)

Net investment income

32.6

35.0

68.0

71.9

Other expense

—

(0.2

)

(0.1

)

(0.6

)

Core Commercial operating income

66.9

69.9

134.4

55.1

Specialty:

Underwriting income

30.3

18.7

64.2

20.7

Net investment income

14.8

16.0

31.0

30.9

Other income (expense)

0.1

(0.2

)

—

(0.1

)

Specialty operating income

45.2

34.5

95.2

51.5

Personal Lines:

Underwriting income (loss)

(19.9

)

9.5

(7.6

)

68.4

Net investment income

20.6

21.8

43.2

43.9

Other income

2.1

0.9

3.5

1.7

Personal Lines operating income

2.8

32.2

39.1

114.0

Other:

Underwriting loss

—

(0.3

)

—

(0.6

)

Net investment income

2.5

2.8

5.2

5.7

Other expense

(2.4

)

(1.8

)

(4.5

)

(3.3

)

Other operating income

0.1

0.7

0.7

1.8

Operating income before interest expense and income taxes

115.0

137.3

269.4

222.4

Interest on debt

(8.5

)

(8.5

)

(17.0

)

(17.0

)

Operating income before income taxes

106.5

128.8

252.4

205.4

Non-operating items:

Net realized and unrealized investment gains (losses)

(77.9

)

31.1

(93.8

)

68.6

Other non-operating

(0.4

)

—

(0.4

)

—

Income from continuing operations before income taxes

$

28.2

$

159.9

$

158.2

$

274.0