Three Months Ended

March 31,

(in millions)

2023

2022

Operating revenues:

Core Commercial

$

544.7

$

511.1

Specialty

330.5

301.3

Personal Lines

587.8

530.7

Other

3.7

3.5

Total

1,466.7

1,346.6

Net realized and unrealized investment losses

(23.0

)

(15.9

)

Total revenues

$

1,443.7

$

1,330.7

Operating income before interest expense and income taxes:

Core Commercial:

Underwriting income (loss)

$

(24.8

)

$

32.2

Net investment income

36.1

35.4

Other expense

(0.1

)

(0.1

)

Core Commercial operating income

11.2

67.5

Specialty:

Underwriting income

30.7

33.9

Net investment income

17.0

16.2

Other income (expense)

0.6

(0.1

)

Specialty operating income

48.3

50.0

Personal Lines:

Underwriting income (loss)

(72.2

)

12.3

Net investment income

22.6

22.6

Other income

3.0

1.4

Personal Lines operating income (loss)

(46.6

)

36.3

Other:

Underwriting income

—

—

Net investment income

3.0

2.7

Other expense

(2.7

)

(2.1

)

Other operating income

0.3

0.6

Operating income before interest expense and income taxes

13.2

154.4

Interest on debt

(8.5

)

(8.5

)

Operating income before income taxes

4.7

145.9

Non-operating items:

Net realized and unrealized investment losses

(23.0

)

(15.9

)

Other non-operating

0.8

—

Income (loss) from continuing operations before income taxes

$

(17.5

)

$

130.0