| Financial Information with Respect to Reporting Segments |
Summarized below is financial information with respect to the Company’s reporting segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
June 30, 2026 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
579.3 |
|
$ |
|
365.8 |
|
$ |
|
652.5 |
|
$ |
|
— |
|
$ |
|
1,597.6 |
|
Net investment income |
|
|
|
55.3 |
|
|
|
27.2 |
|
|
|
33.3 |
|
|
|
3.8 |
|
|
|
119.6 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.2 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.2 |
|
Total operating revenues |
|
$ |
|
635.9 |
|
$ |
|
394.2 |
|
$ |
|
689.5 |
|
$ |
|
3.8 |
|
|
|
1,723.4 |
|
Net realized and unrealized investment gains |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.8 |
|
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
1,726.2 |
|
Operating income before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
579.3 |
|
$ |
|
365.8 |
|
$ |
|
652.5 |
|
$ |
|
— |
|
$ |
|
1,597.6 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
340.6 |
|
|
|
188.5 |
|
|
|
363.1 |
|
|
|
— |
|
|
|
892.2 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(0.6 |
) |
|
|
(10.8 |
) |
|
|
(10.1 |
) |
|
|
— |
|
|
|
(21.5 |
) |
Current year catastrophe losses |
|
|
|
34.2 |
|
|
|
13.2 |
|
|
|
57.3 |
|
|
|
— |
|
|
|
104.7 |
|
Prior year favorable catastrophe development |
|
|
|
(7.8 |
) |
|
|
(3.2 |
) |
|
|
(1.9 |
) |
|
|
— |
|
|
|
(12.9 |
) |
Total losses and LAE |
|
|
|
366.4 |
|
|
|
187.7 |
|
|
|
408.4 |
|
|
|
— |
|
|
|
962.5 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
189.7 |
|
|
|
135.9 |
|
|
|
174.7 |
|
|
|
— |
|
|
|
500.3 |
|
Underwriting income |
|
|
|
23.2 |
|
|
|
42.2 |
|
|
|
69.4 |
|
|
|
— |
|
|
|
134.8 |
|
Net investment income |
|
|
|
55.3 |
|
|
|
27.2 |
|
|
|
33.3 |
|
|
|
3.8 |
|
|
|
119.6 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.2 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.2 |
|
Other segment items(2) |
|
|
|
(2.3 |
) |
|
|
(2.2 |
) |
|
|
(1.5 |
) |
|
|
(2.7 |
) |
|
|
(8.7 |
) |
Operating income before interest expense
and income taxes |
|
$ |
|
77.5 |
|
$ |
|
68.4 |
|
$ |
|
104.9 |
|
$ |
|
1.1 |
|
|
|
251.9 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10.1 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
241.8 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment gains |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.8 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
244.6 |
|
(1)Includes expenses directly incurred by each reporting segment, as well as corporate and other general expenses that are allocated using a consistent and reasonable approach, generally based on net premiums earned. (2)Other segment items in Core Commercial, Specialty and Personal Lines primarily includes uncollectible premium charge-offs and non-insurance agency operating expenses, whereas other segment items in the Other segment includes operating costs related to certain of THG’s former life insurance businesses, including defined benefit pension-related costs, as well as holding company expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
June 30, 2025 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
554.3 |
|
$ |
|
355.9 |
|
$ |
|
635.1 |
|
$ |
|
— |
|
$ |
|
1,545.3 |
|
Net investment income |
|
|
|
47.7 |
|
|
|
24.3 |
|
|
|
30.2 |
|
|
|
3.3 |
|
|
|
105.5 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.1 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.1 |
|
Total operating revenues |
|
$ |
|
603.3 |
|
$ |
|
381.3 |
|
$ |
|
669.0 |
|
$ |
|
3.3 |
|
|
|
1,656.9 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.5 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
1,654.4 |
|
Operating income (loss) before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
554.3 |
|
$ |
|
355.9 |
|
$ |
|
635.1 |
|
$ |
|
— |
|
$ |
|
1,545.3 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
313.6 |
|
|
|
174.3 |
|
|
|
380.0 |
|
|
|
— |
|
|
|
867.9 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(3.0 |
) |
|
|
(12.5 |
) |
|
|
(2.6 |
) |
|
|
(0.1 |
) |
|
|
(18.2 |
) |
Current year catastrophe losses |
|
|
|
25.2 |
|
|
|
16.1 |
|
|
|
72.2 |
|
|
|
— |
|
|
|
113.5 |
|
Prior year favorable catastrophe development |
|
|
|
(2.5 |
) |
|
|
(1.5 |
) |
|
|
(2.0 |
) |
|
|
— |
|
|
|
(6.0 |
) |
Total losses and LAE |
|
|
|
333.3 |
|
|
|
176.4 |
|
|
|
447.6 |
|
|
|
(0.1 |
) |
|
|
957.2 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
183.8 |
|
|
|
131.7 |
|
|
|
162.3 |
|
|
|
— |
|
|
|
477.8 |
|
Underwriting income |
|
|
|
37.2 |
|
|
|
47.8 |
|
|
|
25.2 |
|
|
|
0.1 |
|
|
|
110.3 |
|
Net investment income |
|
|
|
47.7 |
|
|
|
24.3 |
|
|
|
30.2 |
|
|
|
3.3 |
|
|
|
105.5 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.1 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.1 |
|
Other segment items(2) |
|
|
|
(2.3 |
) |
|
|
(2.0 |
) |
|
|
(1.7 |
) |
|
|
(6.0 |
) |
|
|
(12.0 |
) |
Operating income (loss) before interest expense
and income taxes |
|
$ |
|
83.9 |
|
$ |
|
71.2 |
|
$ |
|
57.4 |
|
$ |
|
(2.6 |
) |
|
|
209.9 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8.6 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
201.3 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.5 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
198.8 |
|
(1)Includes expenses directly incurred by each reporting segment, as well as corporate and other general expenses that are allocated using a consistent and reasonable approach, generally based on net premiums earned. (2)Other segment items in Core Commercial, Specialty and Personal Lines primarily includes uncollectible premium charge-offs and non-insurance agency operating expenses, whereas other segment items in the Other segment includes operating costs related to certain of THG’s former life insurance businesses, including defined benefit pension-related costs, as well as holding company expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
|
June 30, 2026 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
1,143.1 |
|
$ |
|
725.7 |
|
$ |
|
1,299.4 |
|
$ |
|
— |
|
$ |
|
3,168.2 |
|
Net investment income |
|
|
|
113.6 |
|
|
|
55.9 |
|
|
|
68.5 |
|
|
|
8.5 |
|
|
|
246.5 |
|
Fees and other income |
|
|
|
2.7 |
|
|
|
2.4 |
|
|
|
7.3 |
|
|
|
— |
|
|
|
12.4 |
|
Total operating revenues |
|
$ |
|
1,259.4 |
|
$ |
|
784.0 |
|
$ |
|
1,375.2 |
|
$ |
|
8.5 |
|
|
|
3,427.1 |
|
Net realized and unrealized investment gains |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.5 |
|
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
3,427.6 |
|
Operating income before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
1,143.1 |
|
$ |
|
725.7 |
|
$ |
|
1,299.4 |
|
$ |
|
— |
|
$ |
|
3,168.2 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
671.8 |
|
|
|
365.3 |
|
|
|
738.8 |
|
|
|
— |
|
|
|
1,775.9 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(2.2 |
) |
|
|
(25.0 |
) |
|
|
(19.3 |
) |
|
|
— |
|
|
|
(46.5 |
) |
Current year catastrophe losses |
|
|
|
86.3 |
|
|
|
28.6 |
|
|
|
137.5 |
|
|
|
— |
|
|
|
252.4 |
|
Prior year favorable catastrophe development |
|
|
|
(29.5 |
) |
|
|
(9.0 |
) |
|
|
(23.2 |
) |
|
|
— |
|
|
|
(61.7 |
) |
Total losses and LAE |
|
|
|
726.4 |
|
|
|
359.9 |
|
|
|
833.8 |
|
|
|
— |
|
|
|
1,920.1 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
375.7 |
|
|
|
267.5 |
|
|
|
343.9 |
|
|
|
— |
|
|
|
987.1 |
|
Underwriting income |
|
|
|
41.0 |
|
|
|
98.3 |
|
|
|
121.7 |
|
|
|
— |
|
|
|
261.0 |
|
Net investment income |
|
|
|
113.6 |
|
|
|
55.9 |
|
|
|
68.5 |
|
|
|
8.5 |
|
|
|
246.5 |
|
Fees and other income |
|
|
|
2.7 |
|
|
|
2.4 |
|
|
|
7.3 |
|
|
|
— |
|
|
|
12.4 |
|
Other segment items(2) |
|
|
|
(5.0 |
) |
|
|
(4.2 |
) |
|
|
(3.4 |
) |
|
|
(5.2 |
) |
|
|
(17.8 |
) |
Operating income before interest expense
and income taxes |
|
$ |
|
152.3 |
|
$ |
|
152.4 |
|
$ |
|
194.1 |
|
$ |
|
3.3 |
|
|
|
502.1 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.9 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
481.2 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment gains |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.5 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
481.7 |
|
(1)Includes expenses directly incurred by each reporting segment, as well as corporate and other general expenses that are allocated using a consistent and reasonable approach, generally based on net premiums earned. (2)Other segment items in Core Commercial, Specialty and Personal Lines primarily includes uncollectible premium charge-offs and non-insurance agency operating expenses, whereas other segment items in the Other segment includes operating costs related to certain of THG’s former life insurance businesses, including defined benefit pension-related costs, as well as holding company expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
|
|
June 30, 2025 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
1,095.3 |
|
$ |
|
695.5 |
|
$ |
|
1,263.0 |
|
$ |
|
— |
|
$ |
|
3,053.8 |
|
Net investment income |
|
|
|
95.7 |
|
|
|
48.6 |
|
|
|
60.7 |
|
|
|
6.6 |
|
|
|
211.6 |
|
Fees and other income |
|
|
|
2.6 |
|
|
|
2.4 |
|
|
|
7.4 |
|
|
|
0.1 |
|
|
|
12.5 |
|
Total operating revenues |
|
$ |
|
1,193.6 |
|
$ |
|
746.5 |
|
$ |
|
1,331.1 |
|
$ |
|
6.7 |
|
|
|
3,277.9 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.3 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
3,257.6 |
|
Operating income (loss) before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
1,095.3 |
|
$ |
|
695.5 |
|
$ |
|
1,263.0 |
|
$ |
|
— |
|
$ |
|
3,053.8 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
647.8 |
|
|
|
347.6 |
|
|
|
752.2 |
|
|
|
— |
|
|
|
1,747.6 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(4.3 |
) |
|
|
(28.4 |
) |
|
|
(5.4 |
) |
|
|
(0.1 |
) |
|
|
(38.2 |
) |
Current year catastrophe losses |
|
|
|
79.7 |
|
|
|
33.3 |
|
|
|
108.1 |
|
|
|
— |
|
|
|
221.1 |
|
Prior year favorable catastrophe development |
|
|
|
(11.0 |
) |
|
|
(4.0 |
) |
|
|
(3.0 |
) |
|
|
— |
|
|
|
(18.0 |
) |
Total losses and LAE |
|
|
|
712.2 |
|
|
|
348.5 |
|
|
|
851.9 |
|
|
|
(0.1 |
) |
|
|
1,912.5 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
365.9 |
|
|
|
258.0 |
|
|
|
324.2 |
|
|
|
— |
|
|
|
948.1 |
|
Underwriting income |
|
|
|
17.2 |
|
|
|
89.0 |
|
|
|
86.9 |
|
|
|
0.1 |
|
|
|
193.2 |
|
Net investment income |
|
|
|
95.7 |
|
|
|
48.6 |
|
|
|
60.7 |
|
|
|
6.6 |
|
|
|
211.6 |
|
Fees and other income |
|
|
|
2.6 |
|
|
|
2.4 |
|
|
|
7.4 |
|
|
|
0.1 |
|
|
|
12.5 |
|
Other segment items(2) |
|
|
|
(4.8 |
) |
|
|
(4.2 |
) |
|
|
(3.4 |
) |
|
|
(8.6 |
) |
|
|
(21.0 |
) |
Operating income (loss) before interest expense
and income taxes |
|
$ |
|
110.7 |
|
$ |
|
135.8 |
|
$ |
|
151.6 |
|
$ |
|
(1.8 |
) |
|
|
396.3 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(17.1 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
379.2 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.3 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
358.9 |
|
(1)Includes expenses directly incurred by each reporting segment, as well as corporate and other general expenses that are allocated using a consistent and reasonable approach, generally based on net premiums earned. (2)Other segment items in Core Commercial, Specialty and Personal Lines primarily includes uncollectible premium charge-offs and non-insurance agency operating expenses, whereas other segment items in the Other segment includes operating costs related to certain of THG’s former life insurance businesses, including defined benefit pension-related costs, as well as holding company expenses.
|