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Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Information [Abstract]  
Financial Information with Respect to Business Segments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

Three Months Ended

 

 

Six Months Ended



 

 

June 30,

 

 

June 30,

(in millions)

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines

 

$

616.1 

 

$

598.8 

 

$

1,228.8 

 

$

1,185.5 

Personal Lines

 

 

384.5 

 

 

377.7 

 

 

763.3 

 

 

751.7 

Chaucer

 

 

219.8 

 

 

306.3 

 

 

452.9 

 

 

632.8 

Other

 

 

2.3 

 

 

1.7 

 

 

3.8 

 

 

3.8 

Total

 

 

1,222.7 

 

 

1,284.5 

 

 

2,448.8 

 

 

2,573.8 

Net realized investment gains

 

 

(0.7)

 

 

12.6 

 

 

0.8 

 

 

22.0 

Total revenues

 

$

1,222.0 

 

$

1,297.1 

 

$

2,449.6 

 

$

2,595.8 

Operating income (loss) before interest expense and income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting income

 

$

5.1 

 

$

8.5 

 

$

8.8 

 

$

2.6 

Net investment income

 

 

39.1 

 

 

39.4 

 

 

78.5 

 

 

78.0 

Other (expenses) income

 

 

(0.2)

 

 

0.3 

 

 

(0.6)

 

 

(1.2)

Commercial Lines operating income

 

 

44.0 

 

 

48.2 

 

 

86.7 

 

 

79.4 

Personal Lines:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting income

 

 

29.3 

 

 

13.0 

 

 

57.9 

 

 

16.4 

Net investment income

 

 

17.1 

 

 

18.3 

 

 

34.5 

 

 

36.2 

Other income

 

 

1.0 

 

 

0.8 

 

 

2.1 

 

 

1.8 

Personal Lines operating income

 

 

47.4 

 

 

32.1 

 

 

94.5 

 

 

54.4 

Chaucer:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting (loss) income

 

 

(6.5)

 

 

27.5 

 

 

16.0 

 

 

63.1 

Net investment income

 

 

11.3 

 

 

12.0 

 

 

22.0 

 

 

24.3 

Other income

 

 

0.7 

 

 

2.5 

 

 

1.2 

 

 

3.8 

Chaucer operating income

 

 

5.5 

 

 

42.0 

 

 

39.2 

 

 

91.2 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting loss

 

 

(0.6)

 

 

(0.7)

 

 

(1.3)

 

 

(1.4)

Net investment income

 

 

1.6 

 

 

1.0 

 

 

2.4 

 

 

2.3 

Other net expenses

 

 

(3.2)

 

 

(3.1)

 

 

(6.4)

 

 

(6.0)

Other operating loss

 

 

(2.2)

 

 

(2.8)

 

 

(5.3)

 

 

(5.1)

Operating income before interest expense and income taxes

 

 

94.7 

 

 

119.5 

 

 

215.1 

 

 

219.9 

Interest on debt

 

 

(15.6)

 

 

(15.0)

 

 

(30.3)

 

 

(31.1)

Operating income before income taxes

 

 

79.1 

 

 

104.5 

 

 

184.8 

 

 

188.8 

Non-operating income items:

 

 

 

 

 

 

 

 

 

 

 

 

Net realized investment (losses) gains

 

 

(0.7)

 

 

12.6 

 

 

0.8 

 

 

22.0 

Net gain on disposal of U.K. motor business

 

 

0.4 

 

 

37.7 

 

 

1.2 

 

 

37.7 

Net loss from repayment of debt

 

 

(86.1)

 

 

(1.8)

 

 

(86.1)

 

 

(18.5)

Other non-operating items

 

 

0.2 

 

 

(0.4)

 

 

0.3 

 

 

(0.4)

Income (loss) before income taxes

 

$

(7.1)

 

$

152.6 

 

$

101.0 

 

$

229.6 



Identifiable Assets by Business Segment



 

 

 

 

 

 



 

 

 

 



 

June 30, 2016

 

December 31, 2015



 

 

 

 

 

 

(in millions)

 

Identifiable Assets

U.S. Companies

 

$

9,907.6 

 

$

9,616.0 

Chaucer

 

 

4,175.8 

 

 

4,082.2 

Discontinued operations

 

 

80.2 

 

 

83.0 

Total

 

$

14,163.6 

 

$

13,781.2