Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

The following tables present the Company's operating results by reportable segment:


	Three Months Ended September 30,
	2023						2022
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	1,083.0	$	7.3	$	1,090.3	$	989.7	$	7.2	$	996.9
Less:
Losses and loss adjustment expenses	819.7		4.0		823.7		783.8		3.7		787.5
Underwriting expenses	247.1		3.7		250.8		233.6		3.8		237.4
Underwriting gain (loss)	16.2		(0.4)		15.8		(27.7)		(0.3)		(28.0)
Investment income					61.0						44.6
Net realized investment losses					(90.0)						(144.2)
Other income					3.9						3.0
Interest expense					(5.9)						(4.3)
Pre-tax loss					$	(15.2)					$	(128.9)
Net loss					$	(8.2)					$	(98.3)


	Nine Months Ended September 30,
	2023						2022
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	3,107.8	$	21.7	$	3,129.5	$	2,925.4	$	21.6	$	2,947.0
Less:
Losses and loss adjustment expenses	2,639.4		11.7		2,651.1		2,425.1		11.1		2,436.2
Underwriting expenses	715.1		10.9		726.0		687.3		8.5		695.8
Underwriting (loss) gain	(246.7)		(0.9)		(247.6)		(187.0)		2.0		(185.0)
Investment income					171.3						118.5
Net realized investment losses					(60.8)						(581.2)
Other income					15.0						7.1
Interest expense					(16.4)						(12.8)
Pre-tax loss					$	(138.5)					$	(653.4)
Net loss					$	(95.1)					$	(505.9)

The following tables present the Company’s net premiums earned and direct premiums written by reportable segment and line of insurance business:


	Three Months Ended September 30,
	2023						2022
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	713.2	$	—	$	713.2	$	665.6	$	—	$	665.6
Homeowners	244.0		—		244.0		213.0		—		213.0
Commercial automobile	78.4		—		78.4		68.0		—		68.0
Other	47.4		7.3		54.7		43.1		7.2		50.3
Net premiums earned	$	1,083.0	$	7.3	$	1,090.3	$	989.7	$	7.2	$	996.9

Private passenger automobile	$	772.8	$	—	$	772.8	$	680.6	$	—	$	680.6
Homeowners	307.7		—		307.7		251.8		—		251.8
Commercial automobile	93.7		—		93.7		66.5		—		66.5
Other	55.8		7.2		63.0		50.2		8.0		58.2
Direct premiums written	$	1,230.0	$	7.2	$	1,237.2	$	1,049.1	$	8.0	$	1,057.1


	Nine Months Ended September 30,
	2023						2022
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	2,048.5	$	—	$	2,048.5	$	1,990.9	$	—	$	1,990.9
Homeowners	700.4		—		700.4		610.9		—		610.9
Commercial automobile	219.6		—		219.6		198.6		—		198.6
Other	139.3		21.7		161.0		125.0		21.6		146.6
Net premiums earned	$	3,107.8	$	21.7	$	3,129.5	$	2,925.4	$	21.6	$	2,947.0

Private passenger automobile	$	2,105.6	$	—	$	2,105.6	$	2,015.6	$	—	$	2,015.6
Homeowners	843.8		—		843.8		713.9		—		713.9
Commercial automobile	256.4		—		256.4		207.9		—		207.9
Other	168.7		20.7		189.4		148.8		23.3		172.1
Direct premiums written	$	3,374.5	$	20.7	$	3,395.2	$	3,086.2	$	23.3	$	3,109.5