Business Segments

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Business Segments

Note 10 - Business Segments

The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through two operating segments: Property & Casualty Insurance and Life & Health Insurance.

The Property & Casualty Insurance segment’s principal products are personal automobile insurance, both preferred and nonstandard, homeowners insurance, other personal insurance and commercial automobile insurance. These products are distributed primarily through independent agents and brokers. The Life & Health Insurance segment’s principal products are individual life, accident, supplemental health and property insurance. These products are distributed by career agents employed by the Company and independent agents and brokers.

Earned Premiums by product line for the three months endedMarch 31, 2018 and 2017 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2018		Mar 31, 2017
Personal Automobile	$	371.1	$	320.7
Homeowners	61.8		66.3
Other Personal Property and Casualty Insurance	27.7		28.9
Commercial Automobile	12.2		12.7
Life	93.7		95.7
Accident and Health	43.3		39.1
Total Earned Premiums	$	609.8	$	563.4

Note 10 - Business Segments (continued)

Segment Revenues, including a reconciliation to Total Revenues, for the three months endedMarch 31, 2018 and 2017 were:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2018			Mar 31, 2017
Revenues:
Property & Casualty Insurance:
Earned Premiums	$	455.2		$	410.4
Net Investment Income	22.5			24.1
Other Income	0.3			0.2
Total Property & Casualty Insurance	478.0			434.7
Life & Health Insurance:
Earned Premiums	154.6			153.0
Net Investment Income	53.3			53.0
Other Income	0.8			0.6
Total Life & Health Insurance	208.7			206.6
Total Segment Revenues	686.7			641.3
Income from Change in Fair Value of Equity Securities	0.7			—
Net Realized Gains on Sales of Investments	2.6			10.5
Net Impairment Losses Recognized in Earnings	(0.5		)	(5.0		)
Other	3.5			4.6
Total Revenues	$	693.0		$	651.4

Segment Operating Profit (Loss), including a reconciliation to Income (Loss) from Continuing Operations before Income Taxes, for the three months endedMarch 31, 2018 and 2017 was:

	Three Months Ended
(Dollars in Millions)	Mar 31, 2018			Mar 31, 2017
Segment Operating Profit (Loss):
Property & Casualty Insurance	$	44.5		$	(37.2	)
Life & Health Insurance	29.9			32.6
Total Segment Operating Profit (Loss)	74.4			(4.6		)
Corporate and Other Operating Loss	(4.0		)	(4.4		)
Income from Change in Fair Value of Equity Securities	0.7			—
Net Realized Gains on Sales of Investments	2.6			10.5
Net Impairment Losses Recognized in Earnings	(0.5		)	(5.0		)
Acquisition Related Transaction and Integration Costs	(6.2		)	—
Income (Loss) from Continuing Operations before Income Taxes	$	67.0		$	(3.5	)

Note 10 - Business Segments (continued)

Segment Net Operating Income (Loss), including a reconciliation to Income (Loss) from Continuing Operations, for the three months endedMarch 31, 2018 and 2017 was:

	Three Months Ended
(Dollars in Millions and Net of Income Taxes)	Mar 31, 2018			Mar 31, 2017
Segment Net Operating Income (Loss):
Property & Casualty Insurance	$	36.0		$	(22.1	)
Life & Health Insurance	23.8			21.5
Total Segment Net Operating Income (Loss)	59.8			(0.6		)
Corporate and Other Net Operating Loss	(2.3		)	(3.3		)
Income from Change in Fair Value of Equity Securities	0.6			—
Net Realized Gains on Sales of Investments	2.1			6.8
Net Impairment Losses Recognized in Earnings	(0.4		)	(3.3		)
Acquisition Related Transaction and Integration Costs	(6.2		)	—
Income (Loss) from Continuing Operations	$	53.6		$	(0.4	)