Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the three months ended June 30, 2025, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property & Casualty | | Life & Retirement | | Supplemental & Group Benefits | | Corporate & Other* | | Totals | ($ in millions) | | | | | | | Net premiums and contract charges earned | | $ | 197.3 | | | $ | 39.6 | | | $ | 65.7 | | | $ | — | | | $ | 302.6 | | Net investment income(1) | | 14.9 | | | 97.2 | | | 10.6 | | | (1.6) | | | 121.1 | | Other segment income | | 0.7 | | | 4.9 | | | (1.9) | | | 0.5 | | | 4.2 | | Total segment revenues | | $ | 212.9 | | | $ | 141.7 | | | $ | 74.4 | | | $ | (1.1) | | | $ | 427.9 | |
| | | | | | | | | | | Benefits and claims expenses (excluding catastrophe losses) | | $ | 89.6 | | | $ | 25.2 | | | $ | 22.9 | | | $ | — | | | $ | 137.7 | | Catastrophe losses | | 29.7 | | | — | | | — | | | — | | | 29.7 | | | | | | | | | | | | | Loss adjustment expenses | | 17.1 | | | — | | | — | | | — | | | 17.1 | | Interest credited | | — | | | 51.5 | | | 1.2 | | | — | | | 52.7 | | Operating & admin expenses | | 33.4 | | | 24.0 | | | 21.1 | | | 3.7 | | | 82.2 | | Commissions expense | | 16.5 | | | 9.8 | | | 11.2 | | | — | | | 37.5 | | Taxes, licenses and fees | | 6.1 | | | 1.4 | | | 1.7 | | | 0.1 | | | 9.3 | | Deferred policy acquisition costs | | (24.7) | | | (6.1) | | | (1.2) | | | — | | | (32.0) | | Deferred policy acquisition cost amortization | | 23.9 | | | 5.7 | | | 0.4 | | | — | | | 29.9 | | Interest expense | | — | | | — | | | — | | | 8.6 | | | 8.6 | | Total segment expenses | | $ | 191.6 | | | $ | 111.5 | | | $ | 57.3 | | | $ | 12.4 | | | $ | 372.8 | | | | | | | | | | | | | Pretax profit (loss) | | $ | 21.3 | | | $ | 30.2 | | | $ | 17.1 | | | $ | (13.5) | | | $ | 55.1 | | Income tax expense | | 4.8 | | | 5.6 | | | 3.7 | | | (3.2) | | | 10.9 | | Segment profit (loss) (Core earnings) | | 16.5 | | | 24.6 | | | 13.4 | | | (10.3) | | | 44.2 | | | Net investment losses (after-tax) | | — | | | — | | | — | | | 4.7 | | | 4.7 | | Non-core income adjustments (after-tax)(1) | | — | | | 4.6 | | | 5.5 | | | — | | | 10.1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 16.5 | | | $ | 20.0 | | | $ | 7.9 | | | $ | (15.0) | | | $ | 29.4 | |
*-Corporate & Other is net of intersegment eliminations. (1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2025 Form 10-Q. Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the six months ended June 30, 2025, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property & Casualty | | Life & Retirement | | Supplemental & Group Benefits | | Corporate & Other* | | Totals | ($ in millions) | | | | | | | Net premiums and contract charges earned | | $ | 390.0 | | | $ | 78.1 | | | $ | 132.8 | | | $ | — | | | $ | 600.9 | | Net investment income(1) | | 26.6 | | | 186.2 | | | 20.0 | | | 4.1 | | | 236.9 | | Other segment income | | 2.0 | | | 9.7 | | | (3.0) | | | 1.0 | | | 9.7 | | Total segment revenues | | $ | 418.6 | | | $ | 274.0 | | | $ | 149.8 | | | $ | 5.1 | | | $ | 847.5 | |
| | | | | | | | | | | Benefits and claims expenses (excluding catastrophe losses) | | $ | 175.3 | | | $ | 61.8 | | | $ | 49.8 | | | $ | — | | | $ | 286.9 | | Catastrophe losses | | 46.1 | | | — | | | — | | | — | | | 46.1 | | | | | | | | | | | | | Loss adjustment expenses | | 33.4 | | | — | | | — | | | — | | | 33.4 | | Interest credited | | — | | | 103.1 | | | 2.4 | | | — | | | 105.5 | | Operating & admin expenses | | 66.8 | | | 47.9 | | | 38.5 | | | 6.0 | | | 159.2 | | Commissions expense | | 33.4 | | | 19.6 | | | 22.5 | | | — | | | 75.5 | | Taxes, licenses and fees | | 11.0 | | | 2.3 | | | 3.1 | | | 0.3 | | | 16.7 | | Deferred policy acquisition costs | | (49.0) | | | (12.2) | | | (2.4) | | | — | | | (63.6) | | Deferred policy acquisition cost amortization | | 46.9 | | | 11.7 | | | 0.9 | | | — | | | 59.5 | | Interest expense | | — | | | — | | | — | | | 17.5 | | | 17.5 | | Total segment expenses | | $ | 363.9 | | | $ | 234.1 | | | $ | 114.8 | | | $ | 23.8 | | | $ | 736.6 | | | | | | | | | | | | | Pretax profit (loss) | | $ | 54.7 | | | $ | 39.9 | | | $ | 35.0 | | | $ | (18.7) | | | $ | 110.9 | | Income tax expense | | 11.4 | | | 7.3 | | | 7.6 | | | (4.4) | | | 21.9 | | Segment profit (loss) (Core earnings) | | 43.3 | | | 32.5 | | | 27.4 | | | (14.3) | | | 89.0 | | | Net investment losses (after-tax) | | — | | | — | | | — | | | 7.3 | | | 7.3 | | Non-core income adjustments (after-tax)(1) | | — | | | 5.7 | | | 8.3 | | | — | | | 14.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 43.3 | | | $ | 26.8 | | | $ | 19.1 | | | $ | (21.6) | | | $ | 67.6 | |
*-Corporate & Other is net of intersegment eliminations. (1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2025 Form 10-Q. Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the three months ended June 30, 2024, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property & Casualty | | Life & Retirement | | Supplemental & Group Benefits | | Corporate & Other* | | Totals | ($ in millions) | | | | | | | Net premiums and contract charges earned | | $ | 179.2 | | | $ | 38.0 | | | $ | 63.7 | | | $ | — | | | $ | 280.9 | | Net investment income(1) | | 9.5 | | | 88.9 | | | 10.5 | | | (0.5) | | | 108.4 | | Other segment income | | 0.6 | | | 4.6 | | | (1.2) | | | 0.6 | | | 4.6 | | Total segment revenues | | $ | 189.3 | | | $ | 131.5 | | | $ | 73.0 | | | $ | 0.1 | | | $ | 393.9 | |
| | | | | | | | | | | Benefits and claims expenses (excluding catastrophe losses) | | $ | 93.8 | | | $ | 31.0 | | | $ | 23.5 | | | $ | — | | | $ | 148.3 | | Catastrophe losses | | 40.9 | | | — | | | — | | | — | | | 40.9 | | | | | | | | | | | | | Loss adjustment expenses | | 18.1 | | | — | | | — | | | — | | | 18.1 | | Interest credited | | — | | | 52.6 | | | 1.2 | | | — | | | 53.8 | | Operating & admin expenses | | 28.6 | | | 23.0 | | | 16.4 | | | 3.1 | | | 71.1 | | Commissions expense | | 15.7 | | | 10.3 | | | 9.5 | | | — | | | 35.5 | | Taxes, licenses and fees | | 4.9 | | | 0.9 | | | 1.5 | | | 0.3 | | | 7.6 | | Deferred policy acquisition costs | | (22.7) | | | (7.5) | | | (1.1) | | | — | | | (31.3) | | Deferred policy acquisition cost amortization | | 20.5 | | | 6.1 | | | 0.4 | | | — | | | 27.0 | | Interest expense | | — | | | — | | | — | | | 8.7 | | | 8.7 | | Total segment expenses | | $ | 199.8 | | | $ | 116.4 | | | $ | 51.4 | | | $ | 12.1 | | | $ | 379.7 | | | | | | | | | | | | | Pretax profit (loss) | | $ | (10.5) | | | $ | 15.0 | | | $ | 21.6 | | | $ | (11.9) | | | $ | 14.2 | | Income tax expense | | (1.9) | | | 2.7 | | | 4.6 | | | (2.5) | | | 2.9 | | Segment profit (loss) (Core earnings) | | (8.6) | | | 12.3 | | | 17.0 | | | (9.4) | | | 11.3 | | | Net investment losses (after-tax) | | — | | | — | | | — | | | (4.6) | | | (4.6) | | Change in MRB (after-tax) | | — | | | — | | | — | | | — | | | — | | Intangible asset amortization (after-tax) | | — | | | — | | | (2.9) | | | — | | | (2.9) | | Net income | | $ | (8.6) | | | $ | 12.3 | | | $ | 14.1 | | | $ | (14.0) | | | $ | 3.8 | |
*-Corporate & Other is net of intersegment eliminations. (1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2025 Form 10-Q. Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the six months ended June 30, 2024, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property & Casualty | | Life & Retirement | | Supplemental & Group Benefits | | Corporate & Other* | | Totals | ($ in millions) | | | | | | | Net premiums and contract charges earned | | $ | 352.4 | | | $ | 75.8 | | | $ | 127.9 | | | $ | — | | | $ | 556.1 | | Net investment income(1) | | 21.8 | | | 174.7 | | | 18.3 | | | (1.0) | | | 213.8 | | Other segment income | | 1.3 | | | 9.4 | | | (4.2) | | | 1.3 | | | 7.8 | | Total segment revenues | | $ | 375.5 | | | $ | 259.9 | | | $ | 142.0 | | | $ | 0.3 | | | $ | 777.7 | |
| | | | | | | | | | | Benefits and claims expenses (excluding catastrophe losses) | | $ | 184.9 | | | $ | 63.2 | | | $ | 45.3 | | | $ | — | | | $ | 293.4 | | Catastrophe losses | | 57.1 | | | — | | | — | | | — | | | 57.1 | | | | | | | | | | | | | Loss adjustment expenses | | 35.5 | | | — | | | — | | | — | | | 35.5 | | Interest credited | | — | | | 104.4 | | | 2.3 | | | — | | | 106.7 | | Operating & admin expenses | | 58.9 | | | 44.9 | | | 34.4 | | | 5.1 | | | 143.3 | | Commissions expense | | 29.6 | | | 19.8 | | | 18.9 | | | — | | | 68.3 | | Taxes, licenses and fees | | 9.6 | | | 1.9 | | | 3.0 | | | 0.5 | | | 15.0 | | Deferred policy acquisition costs | | (43.0) | | | (14.2) | | | (2.0) | | | — | | | (59.2) | | Deferred policy acquisition cost amortization | | 40.3 | | | 12.7 | | | 1.0 | | | — | | | 54.0 | | Interest expense | | — | | | — | | | — | | | 17.4 | | | 17.4 | | Total segment expenses | | $ | 372.9 | | | $ | 232.7 | | | $ | 102.9 | | | $ | 23.0 | | | $ | 731.5 | | | | | | | | | | | | | | Pretax profit (loss) | | $ | 2.6 | | | $ | 27.1 | | | $ | 39.1 | | | $ | (22.6) | | | $ | 46.2 | | Income tax expense | | 0.6 | | | 4.9 | | | 8.3 | | | (4.7) | | | 9.1 | | Segment profit (loss) (Core earnings) | | 2.0 | | | 22.2 | | | 30.8 | | | (17.9) | | | 37.1 | | | Net investment losses (after-tax) | | — | | | — | | | — | | | (2.9) | | | (2.9) | | Change in MRB (after-tax) | | — | | | 1.8 | | | — | | | — | | | 1.8 | | Intangible asset amortization (after-tax) | | — | | | — | | | (5.7) | | | — | | | (5.7) | | Net income | | $ | 2.0 | | | $ | 24.0 | | | $ | 25.1 | | | $ | (20.8) | | | $ | 30.3 | |
*-Corporate & Other is net of intersegment eliminations. (1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2025 Form 10-Q.
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