Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

The following tables present the Company's operating results by reportable segment:


	Three Months Ended June 30,
	2025						2024
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	1,359.3	$	7.4	$	1,366.7	$	1,228.7	$	7.3	$	1,236.0
Less:
Losses	793.3		3.9		797.2		796.9		3.9		800.8
Loss adjustment expenses	142.3		0.5		142.8		135.5		0.4		135.9
Losses and loss adjustment expenses	935.6		4.4		940.0		932.4		4.3		936.7
Policy acquisition costs	225.0		2.9		227.9		200.8		2.9		203.7
Other operating expenses	95.2		0.8		96.0		81.2		0.5		81.7
Underwriting gain (loss)	103.5		(0.7)		102.8		14.3		(0.4)		13.9
Investment income					78.8						69.0
Net realized investment gains					23.5						2.9
Other income (loss)					8.8						(2.9)
Interest expense					(7.2)						(7.8)
Pre-tax income					$	206.7					$	75.1
Net income					$	166.5					$	62.6


	Six Months Ended June 30,
	2025						2024
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	2,635.1	$	14.7	$	2,649.8	$	2,388.1	$	14.6	$	2,402.7
Less:
Losses	1,859.0		7.6		1,866.6		1,579.1		7.5		1,586.6
Loss adjustment expenses	293.3		1.0		294.3		253.3		0.8		254.1
Losses and loss adjustment expenses	2,152.3		8.6		2,160.9		1,832.4		8.3		1,840.7
Policy acquisition costs	450.8		5.8		456.6		393.9		5.8		399.7
Other operating expenses	174.1		1.4		175.5		157.4		1.4		158.8
Underwriting (loss) gain	(142.1)		(1.1)		(143.2)		4.4		(0.9)		3.5
Investment income					160.2						134.0
Net realized investment gains					46.8						41.1
Other income					15.0						1.3
Interest expense					(14.3)						(15.6)
Pre-tax income					$	64.5					$	164.3
Net income					$	58.1					$	136.0

The following tables present the Company’s net premiums earned and direct premiums written by reportable segment and line of insurance business:


	Three Months Ended June 30,
	2025						2024
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	887.4	$	—	$	887.4	$	799.6	$	—	$	799.6
Homeowners	316.9		—		316.9		283.6		—		283.6
Commercial automobile	95.9		—		95.9		94.2		—		94.2
Other	59.1		7.4		66.5		51.3		7.3		58.6
Net premiums earned	$	1,359.3	$	7.4	$	1,366.7	$	1,228.7	$	7.3	$	1,236.0

Private passenger automobile	$	881.5	$	—	$	881.5	$	847.6	$	—	$	847.6
Homeowners	434.5		—		434.5		361.9		—		361.9
Commercial automobile	93.9		—		93.9		98.8		—		98.8
Other	67.3		7.8		75.1		72.2		6.8		79.0
Direct premiums written	$	1,477.2	$	7.8	$	1,485.0	$	1,380.5	$	6.8	$	1,387.3


	Six Months Ended June 30,
	2025						2024
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	1,746.0	$	—	$	1,746.0	$	1,553.9	$	—	$	1,553.9
Homeowners	572.9		—		572.9		550.5		—		550.5
Commercial automobile	191.2		—		191.2		183.4		—		183.4
Other	125.0		14.7		139.7		100.3		14.6		114.9
Net premiums earned	$	2,635.1	$	14.7	$	2,649.8	$	2,388.1	$	14.6	$	2,402.7

Private passenger automobile	$	1,788.0	$	—	$	1,788.0	$	1,673.1	$	—	$	1,673.1
Homeowners	778.7		—		778.7		664.0		—		664.0
Commercial automobile	200.4		—		200.4		202.8		—		202.8
Other	148.5		14.8		163.3		135.1		13.4		148.5
Direct premiums written	$	2,915.6	$	14.8	$	2,930.4	$	2,675.0	$	13.4	$	2,688.4