Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate primarily in two industries, property casualty insurance and life insurance. We regularly review our reporting segments to make decisions about allocating resources and assessing performance. Our reporting segments are:

• Commercial lines insurance

• Personal lines insurance

• Excess and surplus lines insurance

• Life insurance

• Investments

We report as Other the noninvestment operations of the parent company and its noninsurer subsidiary, CFC Investment Company and Cincinnati Re, our reinsurance assumed operations. See our 2015 Annual Report on Form 10-K, Item 8, Note 18, Segment Information, Page 155, for a description of revenue, income or loss before income taxes and identifiable assets for each of the five segments.

Segment information is summarized in the following table: 

(Dollars in millions)	Three months ended March 31,
	2016			2015
Revenues:
Commercial lines insurance
Commercial casualty	$	257		$	244
Commercial property	214			196
Commercial auto	144			136
Workers' compensation	89			93
Other commercial	56			64
Commercial lines insurance premiums	760			733
Fee revenues	1			1
Total commercial lines insurance	761			734
Personal lines insurance
Personal auto	131			123
Homeowner	119			114
Other personal	33			31
Personal lines insurance premiums	283			268
Fee revenues	1			1
Total personal lines insurance	284			269
Excess and surplus lines insurance	43			40
Life insurance premiums	58			53
Separate account investment management fees	1			1
Total life insurance	59			54
Investments
Investment income, net of expenses	145			139
Realized investment gains, net	61			47
Total investment revenue	206			186
Other	11			2
Total revenues	$	1,364		$	1,285
Income (loss) before income taxes:
Insurance underwriting results
Commercial lines insurance	$	50		$	26
Personal lines insurance	28			(3		)
Excess and surplus lines insurance	17			4
Life insurance	(1		)	(3		)
Investments	184			165
Other	(13		)	(15		)
Total income before income taxes	$	265		$	174

Identifiable assets:	March 31, 2016		December 31, 2015
Property casualty insurance	$	2,699	$	2,717
Life insurance	1,372		1,325
Investments	14,978		14,485
Other	398		361
Total	$	19,447	$	18,888