Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Summarized below is financial information with respect to the Company’s business segments.

YEARS ENDED DECEMBER 31	2018			2017			2016
(in millions)
Operating revenues:
Commercial Lines	$	2,739.5		$	2,573.8		$	2,485.0
Personal Lines		1,791.3			1,662.3			1,552.4
Other		14.2			10.7			6.3
Total		4,545.0			4,246.8			4,043.7
Net realized and unrealized investment gains (losses)		(50.7	)		21.1			10.2
Total revenues	$	4,494.3		$	4,267.9		$	4,053.9
Operating income (loss) before interest expense and income taxes:
Commercial Lines:
Underwriting income (loss)	$	85.0		$	12.2		$	(123.2	)
Net investment income		182.2			165.8			158.5
Other expense		(1.5	)		(0.6	)		(0.6	)
Commercial Lines operating income		265.7			177.4			34.7
Personal Lines:
Underwriting income		66.6			83.7			103.1
Net investment income		73.7			70.1			69.5
Other income		5.9			4.9			5.1
Personal Lines operating income		146.2			158.7			177.7
Other:
Underwriting loss		(4.2	)		(4.2	)		(9.9	)
Net investment income		11.5			8.0			3.6
Other expense		(12.7	)		(12.6	)		(13.2	)
Other operating loss		(5.4	)		(8.8	)		(19.5	)
Operating income before interest expense and income taxes		406.5			327.3			192.9
Interest on debt		(45.1	)		(45.2	)		(51.4	)
Operating income before income taxes		361.4			282.1			141.5
Non-operating income (loss) items:
Net realized and unrealized investment gains (losses)		(50.7	)		21.1			10.2
Net loss from repayment of debt		(28.2	)		—			(88.3	)
Other non-operating items		—			(10.3	)		2.6
Income from continuing operations before income taxes	$	282.5		$	292.9		$	66.0

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

DECEMBER 31	2018		2017
(in millions)	Identifiable Assets
U.S. Companies	$	12,238.4	$	10,915.0
Assets held-for-sale⁽¹⁾		57.4		4,466.6
Assets of discontinued life business		103.9		88.0
Total	$	12,399.7	$	15,469.6