SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

Financial Information with Respect to Business Segments

Summarized below is financial information with respect to the Company’s business segments. Amounts reflect activity of Chaucer since the July 1, 2011 acquisition date.

FOR THE YEARS ENDED DECEMBER 31	2012			2011			2010
(in millions)
Segment revenues:
Commercial Lines	$	1,966.2		$	1,798.9		$	1,522.3
Personal Lines		1,560.0			1,555.9			1,583.8
Chaucer		1,030.0			534.1			—
Other Property and Casualty		17.4			19.8			21.0
Total		4,573.6			3,908.7			3,127.1
Intersegment revenues		(6.5	)		(5.2	)		(4.6	)
Total segment revenues		4,567.1			3,903.5			3,122.5
Net realized investment gains		23.6			28.1			29.7
Total revenues	$	4,590.7		$	3,931.6		$	3,152.2
Segment income (loss) before income taxes:
Commercial Lines:
GAAP underwriting loss	$	(224.2	)	$	(123.0	)	$	(25.4	)
Net investment income		142.4			136.5			129.9
Other income		1.5			2.8			1.9
Commercial Lines segment income (loss)		(80.3	)		16.3			106.4
Personal Lines:
GAAP underwriting income (loss)		(67.3	)		(72.6	)		0.9
Net investment income		86.5			92.1			102.9
Other income		6.3			3.6			8.5
Personal Lines segment income		25.5			23.1			112.3
Chaucer:
GAAP underwriting income		93.5			11.9			—
Net investment income		40.2			16.9			—
Other income		3.1			4.1			—
Chaucer segment income		136.8			32.9			—
Other Property and Casualty:
GAAP underwriting income (loss)		(3.5	)		(0.3	)		0.8
Net investment income		7.2			12.7			14.4
Other net expenses		(10.6	)		(12.9	)		(11.7	)
Other Property and Casualty segment income (loss)		(6.9	)		(0.5	)		3.5
Total		75.1			71.8			222.2
Interest on debt		(61.9	)		(55.0	)		(44.3	)
Segment income before income taxes		13.2			16.8			177.9
Adjustments to segment income:
Net realized investment gains		23.6			28.1			29.7
Net loss from retirement of debt		(5.1	)		(2.3	)		(2.0	)
Net costs related to acquired businesses		(2.6	)		(16.4	)		—
Loss on derivative instruments		—			(11.3	)		—
Net foreign exchange gains (losses)		(0.4	)		6.7			—
Income before income taxes	$	28.7		$	21.6		$	205.6

Business Segments And Discontinued Operations Related To Identifiable Assets

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

DECEMBER 31	2012		2011
(in millions)	Identifiable Assets
U.S. Companies	$	8,909.6	$	8,471.6
Chaucer		4,444.8		4,005.8
Discontinued operations		130.5		121.2
Total	$	13,484.9	$	12,598.6

Gross Written Premium By Geographical Location

The following table presents gross written premium (“GWP”) based on the location of the risk:

FOR THE YEAR ENDED DECEMBER 31	2012		2011
	% of Total GWP
United States		76%		87%
United Kingdom		6		4
Worldwide and other		18		9
Total		100%		100%