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Segment Reporting Level 1 (Notes)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Reporting
The Company has recently made changes to its corporate structure, mainly involving the launch and further development of a new digital insurance platform offered under the Cerity brand name (Cerity). As of December 31, 2019, the Company has determined that it has two reportable segments: Employers and Cerity. Each of these segments represents a separate and distinct underwriting platform through which the Company conducts insurance business. The nature and composition of each reportable segment and its Corporate and Other activities are as follows:
The Employers segment is defined as traditional business offered through the EMPLOYERS brand name (Employers) through its agents, including business originated from the Company's strategic partnerships and alliances.
The Cerity segment is defined as business offered under the Cerity brand name, which includes the Company's direct-to-customer business.
Corporate and Other activities consist of those holding company expenses that are not considered to be underwriting in nature, the financial impact of the LPT agreement, and legacy business assumed and ceded by CIC. These expenses are not considered to be part of a reportable segment and are not otherwise allocated to a reportable segment.
The Company has determined that it is not practicable to report identifiable assets by segment since certain assets are used interchangeably among the segments.
Prior to December 31, 2019, the Company operated under a single reportable segment. All periods prior to December 31, 2019 presented herein have been conformed to the current presentation.
The following table summarizes the Company's written premium and components of net income before income taxes by reportable segment.
 
 
Employers
 
Cerity
 
Corporate and Other
 
Total
 
 
(in millions)
Three Months Ended March 31, 2020
 
 
 
 
 
 
 
 
Gross premiums written
 
$
184.7

 
$

 
$

 
$
184.7

Net premiums written
 
183.4

 

 

 
183.4

 
 
 
 
 
 
 
 
 
Net premiums earned
 
167.9

 

 

 
167.9

Net investment income
 
18.6

 
0.8

 
0.5

 
19.9

Net realized and unrealized losses on investments
 
(57.3
)
 
(1.7
)
 
(2.1
)
 
(61.1
)
Other income
 
0.3

 

 

 
0.3

Total revenues
 
129.5

 
(0.9
)
 
(1.6
)
 
127.0

 
 
 
 
 
 
 
 
 
Losses and loss adjustment expenses
 
106.7

 

 
(2.4
)
 
104.3

Commission expense
 
21.3

 

 

 
21.3

Underwriting and general and administrative expenses
 
39.2

 
3.8

 
3.7

 
46.7

Total expenses
 
167.2

 
3.8

 
1.3

 
172.3

 
 
 
 
 
 
 
 
 
Net loss before income taxes
 
$
(37.7
)
 
$
(4.7
)
 
$
(2.9
)
 
$
(45.3
)
 
 
Employers
 
Cerity
 
Corporate and Other
 
Total
 
 
(in millions)
Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
Gross premiums written
 
$
210.0

 
$

 
$

 
$
210.0

Net premiums written
 
208.7

 

 

 
208.7

 
 
 
 
 
 
 
 


Net premiums earned
 
174.8

 

 

 
174.8

Net investment income
 
20.6

 

 
1.2

 
21.8

Net realized and unrealized gains on investments
 
20.8

 

 
2.5

 
23.3

Other income
 
0.4

 

 

 
0.4

Total revenues
 
216.6

 

 
3.7

 
220.3

 
 
 
 
 
 
 
 
 
Losses and loss adjustment expenses
 
91.1

 

 
(2.5
)
 
88.6

Commission expense
 
22.0

 

 

 
22.0

Underwriting and general and administrative expenses
 
39.3

 
3.5

 
4.7

 
47.5

Interest and financing expenses
 
0.4

 

 

 
0.4

Total expenses
 
152.8

 
3.5

 
2.2

 
158.5

 
 
 
 
 
 
 
 
 
Net income (loss) before income taxes
 
$
63.8

 
$
(3.5
)
 
$
1.5

 
$
61.8



Entity-Wide Disclosures
The Company operates solely within the U.S. and does not have revenue from transactions with a single customer accounting for 10% or more of its revenues. The following table shows the Company's in-force premiums and number of policies in-force for each state with approximately five percent or more of our in-force premiums and all other states combined for the periods presented:
 
 
March 31, 2020
 
December 31, 2019
 
March 31, 2019
 
December 31, 2018
State
 
In-force Premiums
 
Policies
In-force
 
In-force Premiums
 
Policies
In-force
 
In-force
Premiums
 
Policies
In-force
 
In-force
Premiums
 
Policies
In-force
 
 
(dollars in millions)
California
 
$
309.5

 
42,794

 
$
329.8

 
43,079

 
$
353.9

 
42,973

 
$
357.1

 
41,988

Florida
 
37.3

 
6,110

 
36.3

 
5,822

 
40.8

 
5,753

 
41.0

 
5,833

New York
 
31.3

 
6,302

 
31.7

 
5,679

 
26.2

 
4,185

 
23.9

 
3,663

Other (43 states and D.C.)
 
264.5

 
46,223

 
266.8

 
44,104

 
253.6

 
40,953

 
244.2

 
40,014

Total
 
$
642.6

 
101,429

 
$
664.6

 
98,684

 
$
674.5

 
93,864

 
$
666.2

 
91,498