Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents the Company's operating results by reportable segment:


	Three Months Ended March 31,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	1,445.1	$	7.3	$	1,452.4	$	1,275.8	$	7.3	$	1,283.1
Less:
Losses	792.7		4.0		796.7		1,065.6		3.7		1,069.3
Loss adjustment expenses	135.7		0.5		136.2		151.0		0.5		151.5
Losses and loss adjustment expenses	928.4		4.5		932.9		1,216.6		4.2		1,220.8
Policy acquisition costs	237.8		2.7		240.5		225.8		2.9		228.7
Other operating expenses	123.1		0.8		123.9		78.9		0.6		79.5
Underwriting gain (loss)	155.8		(0.7)		155.1		(245.5)		(0.4)		(245.9)
Investment income					85.6						81.5
Net realized investment (losses) gains					(4.5)						23.3
Other income					6.3						6.0
Interest expense					(6.8)						(7.2)
Pre-tax income (loss)					$	235.7					$	(142.3)
Net income (loss)					$	190.4					$	(108.3)

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


	Three Months Ended March 31,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	898.6	$	—	$	898.6	$	858.6	$	—	$	858.6
Homeowners	364.5		—		364.5		256.0		—		256.0
Commercial automobile	97.6		—		97.6		95.3		—		95.3
Other	84.4		7.3		91.7		65.9		7.3		73.2
Net premiums earned	$	1,445.1	$	7.3	$	1,452.4	$	1,275.8	$	7.3	$	1,283.1

Private passenger automobile	$	940.4	$	—	$	940.4	$	906.5	$	—	$	906.5
Homeowners	416.4		—		416.4		344.2		—		344.2
Commercial automobile	119.6		—		119.6		106.5		—		106.5
Other	89.7		6.6		96.3		81.3		6.9		88.2
Direct premiums written	$	1,566.1	$	6.6	$	1,572.7	$	1,438.5	$	6.9	$	1,445.4