Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Financial Information with Respect to Business Segments

Summarized below is financial information with respect to business segments:

		Three Months Ended June 30,					Six Months Ended June 30,
(in millions)		2012			2011			2012			2011
Segment revenues:
Commercial Lines	$		487.3	$		447.9	$		963.0	$		887.2
Personal Lines			388.8			388.2			777.2			774.9
Chaucer			251.8			-			503.5			-
Other Property and Casualty			4.2			5.6			8.7			11.4
Total			1,132.1			841.7			2,252.4			1,673.5
Intersegment revenues			(1.5)			(1.2)			(3.1)			(2.5)
Total segment revenues			1,130.6			840.5			2,249.3			1,671.0
Net realized investment gains			(3.4)			13.4			(0.3)			16.7
Total revenues	$		1,127.2	$		853.9	$		2,249.0	$		1,687.7
Segment income (loss) before income taxes:
Commercial Lines:
GAAP underwriting loss	$		(44.7)	$		(60.1)	$		(47.2)	$		(76.1)
Net investment income			35.0			34.0			70.7			67.6
Other income			0.3			0.8			1.0			1.4
Commercial Lines segment income (loss)			(9.4)			(25.3)			24.5			(7.1)
Personal Lines:
GAAP underwriting loss			(10.4)			(47.0)			(6.2)			(40.6)
Net investment income			21.3			23.1			42.9			45.8
Other income income			1.4			1.1			3.1			2.3
Personal Lines segment income (loss)			12.3			(22.8)			39.8			7.5
Chaucer:
GAAP underwriting income			19.2			-			33.9			-
Net investment income			10.2			-			19.6			-
Other income			0.4			-			1.8			-
Chaucer segment income			29.8			-			55.3			-
Other Property and Casualty:
GAAP underwriting income (loss)			(0.8)			-			(1.2)			0.1
Net investment income			1.9			3.9			4.0			8.0
Other net expenses			(2.8)			(3.1)			(5.7)			(6.0)
Other Property and Casualty segment income (loss)			(1.7)			0.8			(2.9)			2.1
Total			31.0			(47.3)			116.7			2.5
Interest expense			(15.9)			(10.8)			(32.1)			(21.2)
Segment income (loss) before income taxes			15.1			(58.1)			84.6			(18.7)
Adjustments to segment income (loss):
Net realized investment gains (losses)			(3.4)			13.4			(0.3)			16.7
Net gain (loss) from retirement of debt			-			0.3			-			(2.2)
Costs related to acquired businesses			(0.9)			(11.1)			(2.4)			(13.8)
Loss on derivative instruments			-			(4.7)			-			(4.7)
Net foreign exchange gains			0.3			-			-			-
Income (loss) before income taxes	$		11.1	$		(60.2)	$		81.9	$		(22.7)

Business Segments And Discontinued Operations Related To Identifiable Assets

The following table provides identifiable assets for the Company’s business segments and discontinued operations:

(in millions)	June 30, 2012			December 31, 2011
U.S. Companies	$	8,609.5	$		8,471.6
Chaucer		4,387.0			4,005.8
Discontinued operations		122.2			121.2
Total	$	13,118.7	$		12,598.6