Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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

YEARS ENDED DECEMBER 31	2019			2018			2017
(in millions)
Operating revenues:
Commercial Lines	$	2,843.5		$	2,739.5		$	2,573.8
Personal Lines		1,911.8			1,791.3			1,662.3
Other		26.0			14.2			10.7
Total		4,781.3			4,545.0			4,246.8
Net realized and unrealized investment gains (losses)		109.4			(50.7	)		21.1
Total revenues	$	4,890.7		$	4,494.3		$	4,267.9
Operating income (loss) before interest expense and income taxes:
Commercial Lines:
Underwriting income	$	121.5		$	85.0		$	12.2
Net investment income		180.1			182.2			165.8
Other expense		(1.5	)		(1.5	)		(0.6	)
Commercial Lines operating income		300.1			265.7			177.4
Personal Lines:
Underwriting income		59.1			66.6			83.7
Net investment income		80.1			73.7			70.1
Other income		5.7			5.9			4.9
Personal Lines operating income		144.9			146.2			158.7
Other:
Underwriting loss		(1.3	)		(4.2	)		(4.2	)
Net investment income		21.1			11.5			8.0
Other expense		(11.2	)		(12.7	)		(12.6	)
Other operating income (loss)		8.6			(5.4	)		(8.8	)
Operating income before interest expense and income taxes		453.6			406.5			327.3
Interest on debt		(37.5	)		(45.1	)		(45.2	)
Operating income before income taxes		416.1			361.4			282.1
Non-operating income (loss) items:
Net realized and unrealized investment gains (losses)		109.4			(50.7	)		21.1
Net loss from repayment of debt		—			(28.2	)		—
Other non-operating items		(3.4	)		—			(10.3	)
Income from continuing operations before income taxes	$	522.1		$	282.5		$	292.9

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

DECEMBER 31	2019		2018
(in millions)	Identifiable Assets
Property and Casualty	$	12,387.7	$	12,238.4
Assets held-for-sale⁽¹⁾	—			57.4
Assets of discontinued businesses		102.8		103.9
Total	$	12,490.5	$	12,399.7

(1)	See also Note 2 – “Discontinued Operations” for a discussion on the sale of the Chaucer business.