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



 

 

 

 

 

 

 

 

 

 

 

 



 

 

Three Months Ended

 

 

Nine Months Ended



 

 

September 30,

 

 

September 30,

(in millions)

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines

 

$

628.4 

 

$

601.2 

 

$

1,857.2 

 

$

1,786.7 

Personal Lines

 

 

391.5 

 

 

379.7 

 

 

1,154.8 

 

 

1,131.4 

Chaucer

 

 

215.0 

 

 

242.7 

 

 

667.9 

 

 

875.5 

Other

 

 

2.1 

 

 

1.9 

 

 

5.9 

 

 

5.7 

Total

 

 

1,237.0 

 

 

1,225.5 

 

 

3,685.8 

 

 

3,799.3 

Net realized investment gains

 

 

4.2 

 

 

8.0 

 

 

5.0 

 

 

30.0 

Total revenues

 

$

1,241.2 

 

$

1,233.5 

 

$

3,690.8 

 

$

3,829.3 

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

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Lines:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting income

 

$

3.6 

 

$

8.3 

 

$

12.4 

 

$

10.9 

Net investment income

 

 

39.0 

 

 

38.7 

 

 

117.5 

 

 

116.7 

Other (expenses) income

 

 

(0.1)

 

 

0.1 

 

 

(0.7)

 

 

(1.1)

Commercial Lines operating income

 

 

42.5 

 

 

47.1 

 

 

129.2 

 

 

126.5 

Personal Lines:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting income

 

 

23.3 

 

 

17.9 

 

 

81.2 

 

 

34.3 

Net investment income

 

 

17.1 

 

 

18.0 

 

 

51.6 

 

 

54.2 

Other income

 

 

1.3 

 

 

1.3 

 

 

3.4 

 

 

3.1 

Personal Lines operating income

 

 

41.7 

 

 

37.2 

 

 

136.2 

 

 

91.6 

Chaucer:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting income

 

 

37.8 

 

 

29.6 

 

 

53.8 

 

 

92.7 

Net investment income

 

 

10.3 

 

 

10.5 

 

 

32.3 

 

 

34.8 

Other income

 

 

0.3 

 

 

1.1 

 

 

1.5 

 

 

4.9 

Chaucer operating income

 

 

48.4 

 

 

41.2 

 

 

87.6 

 

 

132.4 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting loss

 

 

(0.8)

 

 

(0.9)

 

 

(2.1)

 

 

(2.3)

Net investment income

 

 

1.4 

 

 

1.1 

 

 

3.8 

 

 

3.4 

Other net expenses

 

 

(3.4)

 

 

(3.1)

 

 

(9.8)

 

 

(9.1)

Other operating loss

 

 

(2.8)

 

 

(2.9)

 

 

(8.1)

 

 

(8.0)

Operating income before interest expense and income taxes

 

 

129.8 

 

 

122.6 

 

 

344.9 

 

 

342.5 

Interest on debt

 

 

(12.5)

 

 

(14.8)

 

 

(42.8)

 

 

(45.9)

Operating income before income taxes

 

 

117.3 

 

 

107.8 

 

 

302.1 

 

 

296.6 

Non-operating income items:

 

 

 

 

 

 

 

 

 

 

 

 

Net realized investment gains

 

 

4.2 

 

 

8.0 

 

 

5.0 

 

 

30.0 

Net gain on disposal of U.K. motor business

 

 

0.1 

 

 

 -

 

 

1.3 

 

 

37.7 

Net loss from repayment of debt

 

 

 -

 

 

(5.6)

 

 

(86.1)

 

 

(24.1)

Other non-operating items

 

 

2.5 

 

 

0.2 

 

 

2.8 

 

 

(0.2)

Income before income taxes

 

$

124.1 

 

$

110.4 

 

$

225.1 

 

$

340.0 



Identifiable Assets by Business Segment



 

 

 

 

 

 



 

 

 

 



 

September 30, 2016

 

December 31, 2015



 

 

 

 

 

 

(in millions)

 

Identifiable Assets

U.S. Companies

 

$

10,124.7 

 

$

9,616.0 

Chaucer

 

 

4,155.0 

 

 

4,082.2 

Discontinued operations

 

 

84.0 

 

 

83.0 

Total

 

$

14,363.7 

 

$

13,781.2