Segment Information

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts and manages its business in four reporting segments. The three operating segments, representing the major lines of business, are: (1) Property & Casualty (primarily personal lines of auto and property insurance products), (2) Life & Retirement (primarily tax-qualified fixed and variable annuities as well as life insurance products), and (3) Supplemental & Group Benefits (primarily cancer, heart, hospital, supplemental disability, accident, short-term and long-term group disability, and group term life coverages). The Company does not allocate the impact of corporate-level transactions to these operating segments, consistent with the basis for management's evaluation of the results of those segments, but classifies those items in the fourth reporting segment, Corporate & Other. In addition to ongoing transactions such as corporate debt service, net investment gains (losses) and certain public company expenses, such items in Corporate & Other have also included corporate debt retirement costs, when applicable.

Summarized financial information for these segments is as follows:

($ in millions)	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net premiums and contract charges earned
Property & Casualty	$	157.4	$	149.9	$	309.8	$	300.1
Life & Retirement	37.4		36.3		75.1		72.1
Supplemental & Group Benefits	65.9		69.2		131.7		139.0
Total	$	260.7	$	255.4	$	516.6	$	511.2
Net investment income
Property & Casualty	$	10.6	$	7.7	$	14.6	$	14.9
Life & Retirement	89.3		88.4		177.2		172.6
Supplemental & Group Benefits	9.1		9.6		18.2		16.7
Corporate & Other	—		—		—		—
Intersegment eliminations	(0.5)		(0.5)		(1.1)		(1.1)
Total	$	108.5	$	105.2	$	208.9	$	203.1
Net income (loss)
Property & Casualty	$	(21.4)	$	(25.4)	$	(33.0)	$	(16.9)
Life & Retirement	17.4		23.8		31.4		39.4
Supplemental & Group Benefits	11.8		15.0		25.8		28.2
Corporate & Other	(20.6)		(17.6)		(30.4)		(34.6)
Total	$	(12.8)	$	(4.2)	$	(6.2)	$	16.1

($ in millions)	June 30, 2023		December 31, 2022
Assets
Property & Casualty	$	1,077.9	$	1,083.8
Life & Retirement	11,127.1		10,754.5
Supplemental & Group Benefits	1,350.4		1,359.3
Corporate & Other	168.2		173.4
Intersegment eliminations	(51.7)		(64.9)
Total	$	13,671.9	$	13,306.1