Unpaid Claims and Claim Expenses (Tables)

6 Months Ended

Jun. 30, 2021

Insurance Loss Reserves [Abstract]

Reconciliation of property and casualty unpaid claims and claim expense

The following table is a summary reconciliation of the beginning and ending Property and Casualty unpaid claims and claim expense reserves for the periods indicated. The table presents reserves on both a gross and net (after reinsurance) basis. The total net Property and Casualty insurance claims and claim expense incurred amounts are reflected in the Consolidated Statements of Operations. The end of the period gross reserve (before reinsurance) balances and the reinsurance recoverable balances are reflected on a gross basis in the Consolidated Balance Sheets.

($ in millions)	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Property and Casualty
Beginning gross reserves(1)	$	374.1	$	382.2	$	372.2	$	387.0
Less: reinsurance recoverables	112.5		119.0		112.9		120.5
Net reserves, beginning of period(2)	261.6		263.2		259.3		266.5
Incurred claims and claim expenses:
Claims occurring in the current period	118.1		109.1		212.9		214.6
Decrease in estimated reserves for claims occurring in prior periods(3)	(4.2)		(1.0)		(4.2)		(2.0)
Total claims and claim expenses incurred(4)	113.9		108.1		208.7		212.6
Claims and claim expense payments for claims occurring during:
Current period	79.1		61.4		113.5		104.9
Prior periods	36.9		37.5		95.0		101.8
Total claims and claim expense payments	116.0		98.9		208.5		206.7
Net reserves, end of period(2)	259.5		272.4		259.5		272.4
Plus: reinsurance recoverables	108.9		116.1		108.9		116.1
Ending gross reserves(1)	$	368.4	$	388.5	$	368.4	$	388.5

(1)Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Supplemental, Retirement and Life of $65.2 million and $56.1 million as of June 30, 2021 and 2020, respectively, in addition to Property and Casualty reserves.

(2)Reserves net of anticipated reinsurance recoverables.

(3)Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs.

(4)Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for Supplemental, Retirement and Life of $33.2 million and $72.7 million for the three and six months ended June 30, 2021, respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Supplemental, Retirement and Life of $34.9 million and $69.1 million for the three and six months ended June 30, 2020, respectively.