Three Months Ended

Nine Months Ended

September 30,

September 30,

(in millions)

2022

2021

2022

2021

Operating revenues:

Core Commercial

$

527.1

$

497.6

$

1,551.8

$

1,453.9

Specialty

319.9

256.4

931.0

804.1

Personal Lines

560.5

512.6

1,635.4

1,506.3

Other

3.7

4.3

10.4

12.4

Total

1,411.2

1,270.9

4,128.6

3,776.7

Net realized and unrealized investment gains (losses)

(44.9

)

4.0

(138.7

)

72.6

Total revenues

$

1,366.3

$

1,274.9

$

3,989.9

$

3,849.3

Operating income before interest expense and income taxes:

Core Commercial:

Underwriting income (loss)

$

(7.7

)

$

(25.7

)

$

58.8

$

(41.9

)

Net investment income

33.4

37.0

101.4

108.9

Other expense

(0.5

)

(0.3

)

(0.6

)

(0.9

)

Core Commercial operating income

25.2

11.0

159.6

66.1

Specialty:

Underwriting income

32.0

15.5

96.2

36.2

Net investment income

15.2

15.9

46.2

46.8

Other expense

(0.3

)

—

(0.3

)

(0.1

)

Specialty operating income

46.9

31.4

142.1

82.9

Personal Lines:

Underwriting income (loss)

(42.7

)

(20.3

)

(50.3

)

48.1

Net investment income

21.4

22.6

64.6

66.5

Other income

2.5

1.3

6.0

3.0

Personal Lines operating income (loss)

(18.8

)

3.6

20.3

117.6

Other:

Underwriting loss

—

(0.4

)

—

(1.0

)

Net investment income

3.0

3.3

8.2

9.0

Other expense

(2.4

)

(1.9

)

(6.9

)

(5.2

)

Other operating income

0.6

1.0

1.3

2.8

Operating income before interest expense and income taxes

53.9

47.0

323.3

269.4

Interest on debt

(8.5

)

(8.5

)

(25.5

)

(25.5

)

Operating income before income taxes

45.4

38.5

297.8

243.9

Non-operating items:

Net realized and unrealized investment gains (losses)

(44.9

)

4.0

(138.7

)

72.6

Other non-operating

—

—

(0.4

)

—

Income from continuing operations before income taxes

$

0.5

$

42.5

$

158.7

$

316.5