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Discontinued Operations Chaucer Business (Tables) - Chaucer [Member]
6 Months Ended
Jun. 30, 2019
Summary of Discontinued Chaucer Business

The following table summarizes the results of Chaucer’s operations for the three and six months ended June 30, 2018:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

(in millions)

June 30, 2018

 

Revenues

 

 

 

 

 

 

 

Net premiums earned

$

214.7

 

 

$

435.8

 

Net investment income

 

12.5

 

 

 

28.9

 

Other income

 

1.6

 

 

 

3.5

 

 

 

228.8

 

 

 

468.2

 

Losses and operating expenses

 

 

 

 

 

 

 

Losses and LAE

 

112.5

 

 

 

227.5

 

Amortization of deferred acquisition costs

 

67.3

 

 

 

136.6

 

Other expenses

 

27.1

 

 

 

59.3

 

 

 

206.9

 

 

 

423.4

 

Income from Chaucer business before income taxes and other items

   (previously presented as Chaucer's operating income)

 

21.9

 

 

 

44.8

 

Other items:

 

 

 

 

 

 

 

Interest expense

 

(0.2

)

 

 

(1.3

)

Net realized and unrealized investment losses

 

 

 

(0.5

)

Other expense

 

(1.4

)

 

 

(1.2

)

Income from Chaucer business before income taxes

 

20.3

 

 

 

41.8

 

Income tax expense

 

(3.5

)

 

 

(7.7

)

Income from Chaucer business, net of income taxes

$

16.8

 

 

$

34.1

 

Summary of Cash Flows Associated with the Discontinued Chaucer Business

The following table details the cash flows associated with the Chaucer business for the six months ended June 30, 2018:

 

 

 

Six Months Ended

 

 

 

June 30,

 

(in millions)

 

2018

 

Net cash used in operating activities

 

$

(14.0

)

Net cash provided by investing activities

 

$

96.0