Segment Information |
Segment information is summarized in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Three months ended June 30, | | | | Six months ended June 30, | | | | | 2020 | | 2019 | | 2020 | | 2019 | Revenues: | | | | | | | | | Commercial lines insurance | | | | | | | | | Commercial casualty | | $ | 289 | | | $ | 277 | | | $ | 577 | | | $ | 545 | | Commercial property | | 254 | | | 234 | | | 504 | | | 468 | | Commercial auto | | 189 | | | 175 | | | 374 | | | 345 | | Workers' compensation | | 68 | | | 74 | | | 143 | | | 151 | | Other commercial | | 70 | | | 63 | | | 135 | | | 124 | | Commercial lines insurance premiums | | 870 | | | 823 | | | 1,733 | | | 1,633 | | Fee revenues | | 1 | | | 1 | | | 2 | | | 2 | | Total commercial lines insurance | | 871 | | | 824 | | | 1,735 | | | 1,635 | | | | | | | | | | | Personal lines insurance | | | | | | | | | Personal auto | | 154 | | | 155 | | | 308 | | | 310 | | Homeowner | | 163 | | | 149 | | | 322 | | | 296 | | Other personal | | 47 | | | 44 | | | 93 | | | 86 | | Personal lines insurance premiums | | 364 | | | 348 | | | 723 | | | 692 | | Fee revenues | | 1 | | | 1 | | | 2 | | | 2 | | Total personal lines insurance | | 365 | | | 349 | | | 725 | | | 694 | | | | | | | | | | | Excess and surplus lines insurance | | 78 | | | 67 | | | 156 | | | 130 | | Fee revenues | | — | | | — | | | 1 | | | 1 | | Total excess and surplus lines insurance | | 78 | | | 67 | | | 157 | | | 131 | | | | | | | | | | | Life insurance premiums | | 79 | | | 67 | | | 146 | | | 133 | | Fee revenues | | 1 | | | 1 | | | 1 | | | 2 | | Total life insurance | | 80 | | | 68 | | | 147 | | | 135 | | | | | | | | | | | Investments | | | | | | | | | Investment income, net of expenses | | 166 | | | 160 | | | 331 | | | 317 | | Investment gains and losses, net | | 1,060 | | | 364 | | | (665) | | | 1,027 | | Total investment revenue | | 1,226 | | | 524 | | | (334) | | | 1,344 | | | | | | | | | | | Other | | | | | | | | | Premiums | | 91 | | | 79 | | | 180 | | | 129 | | | | | | | | | | | Other | | 3 | | | 2 | | | 5 | | | 4 | | Total other revenues | | 94 | | | 81 | | | 185 | | | 133 | | Total revenues | | $ | 2,714 | | | $ | 1,913 | | | $ | 2,615 | | | $ | 4,072 | | | | | | | | | | | Income (loss) before income taxes: | | | | | | | | | Insurance underwriting results | | | | | | | | | Commercial lines insurance | | $ | 8 | | | $ | 12 | | | $ | (12) | | | $ | 88 | | Personal lines insurance | | (43) | | | 5 | | | (22) | | | 1 | | Excess and surplus lines insurance | | (1) | | | 17 | | | 8 | | | 28 | | Life insurance | | 1 | | | (2) | | | 3 | | | (3) | | Investments | | 1,201 | | | 499 | | | (385) | | | 1,295 | | Other | | (21) | | | (1) | | | (23) | | | (12) | | Total income (loss) before income taxes | | $ | 1,145 | | | $ | 530 | | | $ | (431) | | | $ | 1,397 | |
| | | | | | | | | | | | | | | Identifiable assets: | | June 30, 2020 | | December 31, 2019 | Property casualty insurance | | $ | 3,751 | | | $ | 3,437 | | Life insurance | | 1,570 | | | 1,516 | | Investments | | 19,375 | | | 19,583 | | Other | | 754 | | | 872 | | Total | | $ | 25,450 | | | $ | 25,408 | | | | | | |
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