Unpaid Claims and Claim Expenses (Tables)

9 Months Ended

Sep. 30, 2022

Insurance Loss Reserves [Abstract]

Reconciliation of property and casualty unpaid claims and claim expense

The end of the period gross reserve (before reinsurance balances and reinsurance recoverable balances) are reflected on a gross basis in the Consolidated Balance Sheets.

($ in millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Property & Casualty
Beginning gross reserves(1)	$	378.4	$	368.4	$	362.4	$	372.2
Less: reinsurance recoverables	109.8		108.9		110.3		112.9
Net reserves, beginning of period(2)	268.6		259.5		252.1		259.3
Incurred claims and claim expenses:
Claims occurring in the current period	120.3		132.5		372.8		345.4
Increase (decrease) in estimated reserves for claims occurring in prior periods(3)	2.0		(3.0)		8.0		(7.2)
Total claims and claim expenses incurred(4)	122.3		129.5		380.8		338.2
Claims and claim expense payments for claims occurring during:
Current period	102.8		96.8		221.1		210.3
Prior periods	29.7		26.4		153.4		121.4
Total claims and claim expense payments	132.5		123.2		374.5		331.7
Net reserves, end of period(2)	258.4		265.8		258.4		265.8
Plus: reinsurance recoverables	109.0		109.6		109.0		109.6
Ending gross reserves(1)	$	367.4	$	375.4	$	367.4	$	375.4

(1)Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Life & Retirement and Supplemental & Group Benefits of $114.5 million and $64.7 million as of September 30, 2022 and 2021, respectively, in addition to Property & Casualty reserves.

(2)Reserves net of anticipated reinsurance recoverables.

(3)Shows the amounts by which the Company increased (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 Life & Retirement and Supplemental & Group Benefits of $51.3 million and $177.4 million for the three and nine months ended September 30, 2022, respectively, in addition to Property & Casualty amounts. Benefits, claims and settlement expenses for Life & Retirement and Supplemental & Group Benefits of $35.3 million and $108.0 million for the three and nine months ended September 30, 2021, respectively.