Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Financial Information with Respect to Business Segments

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions)	2019			2018			2019			2018
Operating revenues:
Commercial Lines	$	705.2		$	681.7		$	1,403.9		$	1,358.3
Personal Lines		474.6			444.5			939.8			879.4
Other		6.7			3.5			14.1			6.4
Total		1,186.5			1,129.7			2,357.8			2,244.1
Net realized and unrealized investment gains (losses)		12.1			3.7			60.3			(19.2	)
Total revenues	$	1,198.6		$	1,133.4		$	2,418.1		$	2,224.9
Operating income (loss) before interest expense and income taxes:
Commercial Lines:
Underwriting income	$	29.1		$	37.5		$	65.8		$	53.8
Net investment income		44.4			44.8			88.7			90.1
Other expense		(0.7	)		(0.5	)		(1.5	)		(0.7	)
Commercial Lines operating income		72.8			81.8			153.0			143.2
Personal Lines:
Underwriting income		10.9			7.9			16.6			22.5
Net investment income		19.7			18.1			39.4			36.5
Other income		1.1			1.2			2.5			2.5
Personal Lines operating income		31.7			27.2			58.5			61.5
Other:
Underwriting loss		(0.3	)		(1.1	)		(0.6	)		(2.1	)
Net investment income		5.5			2.7			11.7			5.0
Other expense		(2.7	)		(3.3	)		(5.8	)		(7.0	)
Other operating income (loss)		2.5			(1.7	)		5.3			(4.1	)
Operating income before interest expense and income taxes		107.0			107.3			216.8			200.6
Interest on debt		(9.3	)		(11.4	)		(18.7	)		(22.7	)
Operating income before income taxes		97.7			95.9			198.1			177.9
Non-operating income items:
Net realized and unrealized investment gains (losses)		12.1			3.7			60.3			(19.2	)
Income from continuing operations before income taxes	$	109.8		$	99.6		$	258.4		$	158.7

Identifiable Assets by Business Segment

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

	June 30, 2019		December 31, 2018
(in millions)	Identifiable Assets
U.S. Companies	$	12,053.3	$	12,238.4
Assets held-for-sale(1)		—		57.4
Assets of discontinued operations		106.6		103.9
Total	$	12,159.9	$	12,399.7

(1) See also Note 3 – “Discontinued Operations – Chaucer Business”.