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Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Segment Information [Abstract]  
Financial Information with Respect to Business Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

(in millions)

 

 

2014

 

 

2013

 

 

2014

 

 

2013

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines

 

$

556.9 

 

$

523.7 

 

$

1,108.9 

 

$

1,038.4 

Personal Lines

 

 

371.4 

 

 

388.9 

 

 

742.4 

 

 

780.0 

Chaucer

 

 

320.6 

 

 

253.5 

 

 

635.1 

 

 

517.4 

Other

 

 

1.9 

 

 

2.8 

 

 

3.9 

 

 

5.3 

Total

 

 

1,250.8 

 

 

1,168.9 

 

 

2,490.3 

 

 

2,341.1 

Net realized investment gains

 

 

22.2 

 

 

13.7 

 

 

26.6 

 

 

21.8 

Total revenues

 

$

1,273.0 

 

$

1,182.6 

 

$

2,516.9 

 

$

2,362.9 

Operating income (loss) before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines:

 

 

 

 

 

 

 

 

 

 

 

 

GAAP underwriting gain (loss)

 

$

7.3 

 

$

(9.5)

 

$

(14.0)

 

$

(12.6)

Net investment income

 

 

37.2 

 

 

36.0 

 

 

74.5 

 

 

72.1 

Other expense

 

 

(0.3)

 

 

(0.3)

 

 

(0.2)

 

 

(0.3)

Commercial Lines operating income

 

 

44.2 

 

 

26.2 

 

 

60.3 

 

 

59.2 

Personal Lines:

 

 

 

 

 

 

 

 

 

 

 

 

GAAP underwriting income (loss)

 

 

3.6 

 

 

(0.3)

 

 

5.7 

 

 

9.8 

Net investment income

 

 

18.0 

 

 

19.1 

 

 

35.9 

 

 

38.1 

Other income

 

 

1.1 

 

 

1.1 

 

 

2.7 

 

 

2.5 

Personal Lines operating income

 

 

22.7 

 

 

19.9 

 

 

44.3 

 

 

50.4 

Chaucer:

 

 

 

 

 

 

 

 

 

 

 

 

GAAP underwriting income

 

 

24.3 

 

 

24.7 

 

 

60.8 

 

 

57.7 

Net investment income

 

 

10.7 

 

 

10.7 

 

 

21.2 

 

 

21.2 

Other income (expense)

 

 

3.1 

 

 

1.5 

 

 

5.3 

 

 

(1.1)

Chaucer operating income

 

 

38.1 

 

 

36.9 

 

 

87.3 

 

 

77.8 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

GAAP underwriting loss

 

 

(0.9)

 

 

(1.0)

 

 

(1.4)

 

 

(2.1)

Net investment income

 

 

1.1 

 

 

2.1 

 

 

2.4 

 

 

3.8 

Other net expenses

 

 

(3.0)

 

 

(3.0)

 

 

(5.7)

 

 

(5.8)

Other operating loss

 

 

(2.8)

 

 

(1.9)

 

 

(4.7)

 

 

(4.1)

Operating income before interest expense and income taxes

 

 

102.2 

 

 

81.1 

 

 

187.2 

 

 

183.3 

Interest on debt

 

 

(16.3)

 

 

(17.4)

 

 

(32.6)

 

 

(32.1)

Operating income before income taxes

 

 

85.9 

 

 

63.7 

 

 

154.6 

 

 

151.2 

Non-operating income items:

 

 

 

 

 

 

 

 

 

 

 

 

Net realized investment gains

 

 

22.2 

 

 

13.7 

 

 

26.6 

 

 

21.8 

Net loss from repayment of debt

 

 

 -

 

 

(11.3)

 

 

 -

 

 

(19.1)

Net (costs) benefit related to acquired businesses

 

 

(0.2)

 

 

(0.2)

 

 

(1.1)

 

 

0.2 

Net foreign exchange (losses) gains

 

 

(0.2)

 

 

 -

 

 

(0.3)

 

 

0.7 

Income before income taxes

 

$

107.7 

 

$

65.9 

 

$

179.8 

 

$

154.8 

 

Identifiable Assets by Business Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2014

 

2013

 

 

 

 

 

 

 

(in millions)

 

Identifiable Assets

U.S. Companies

 

$

9,176.9 

 

$

8,962.6 

Chaucer

 

 

4,672.9 

 

 

4,301.2 

Discontinued operations

 

 

115.0 

 

 

114.9 

Total

 

$

13,964.8 

 

$

13,378.7