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Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
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

 

 

 

March 31,

 

(in millions)

 

2021

 

 

2020

 

Operating revenues:

 

 

 

 

 

 

 

 

Commercial Lines

 

$

748.3

 

 

$

724.7

 

Personal Lines

 

 

493.3

 

 

 

488.5

 

Other

 

 

4.2

 

 

 

4.6

 

Total

 

 

1,245.8

 

 

 

1,217.8

 

Net realized and unrealized investment gains (losses)

 

 

37.5

 

 

 

(161.6

)

Total revenues

 

$

1,283.3

 

 

$

1,056.2

 

Operating income (loss) before interest expense and income taxes:

 

 

 

 

 

 

 

 

Commercial Lines:

 

 

 

 

 

 

 

 

Underwriting income (loss)

 

$

(49.3

)

 

$

10.4

 

Net investment income

 

 

51.8

 

 

 

46.4

 

Other expense

 

 

(0.3

)

 

 

(2.2

)

Commercial Lines operating income

 

 

2.2

 

 

 

54.6

 

Personal Lines:

 

 

 

 

 

 

 

 

Underwriting income

 

 

58.9

 

 

 

44.1

 

Net investment income

 

 

22.1

 

 

 

20.3

 

Other income

 

 

0.8

 

 

 

0.5

 

Personal Lines operating income

 

 

81.8

 

 

 

64.9

 

Other:

 

 

 

 

 

 

 

 

Underwriting loss

 

 

(0.3

)

 

 

(3.3

)

Net investment income

 

 

2.9

 

 

 

2.9

 

Other expense

 

 

(1.5

)

 

 

(2.0

)

Other operating income (loss)

 

 

1.1

 

 

 

(2.4

)

Operating income before interest expense and income taxes

 

 

85.1

 

 

 

117.1

 

Interest on debt

 

 

(8.5

)

 

 

(9.4

)

Operating income before income taxes

 

 

76.6

 

 

 

107.7

 

Non-operating items:

 

 

 

 

 

 

 

 

Net realized and unrealized investment gains (losses)

 

 

37.5

 

 

 

(161.6

)

Income (loss) from continuing operations before income taxes

 

$

114.1

 

 

$

(53.9

)

Identifiable Assets by Business Segment

 

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

 

(in millions)

 

March 31, 2021

 

 

December 31, 2020

 

Property and Casualty Insurance Companies

 

$

13,348.4

 

 

$

13,333.5

 

Assets of discontinued businesses

 

 

99.6

 

 

 

110.2

 

Total

 

$

13,448.0

 

 

$

13,443.7