Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

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


	Three Months Ended June 30,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	1,490.5	$	7.3	$	1,497.8	$	1,359.3	$	7.4	$	1,366.7
Less:
Losses	823.5		3.3		826.8		793.3		3.9		797.2
Loss adjustment expenses	146.1		0.5		146.6		142.3		0.5		142.8
Losses and loss adjustment expenses	969.6		3.8		973.4		935.6		4.4		940.0
Policy acquisition costs	247.4		2.9		250.3		225.0		2.9		227.9
Other operating expenses	122.1		0.8		122.9		95.2		0.8		96.0
Underwriting gain (loss)	151.4		(0.2)		151.2		103.5		(0.7)		102.8
Investment income					89.8						78.8
Net realized investment gains					86.5						23.5
Other income					7.7						8.8
Interest expense					(7.9)						(7.2)
Pre-tax income					$	327.3					$	206.7
Net income					$	263.5					$	166.5


	Six Months Ended June 30,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Net premiums earned	$	2,935.6	$	14.6	$	2,950.2	$	2,635.1	$	14.7	$	2,649.8
Less:
Losses	1,616.2		7.3		1,623.5		1,859.0		7.6		1,866.6
Loss adjustment expenses	281.8		1.0		282.8		293.3		1.0		294.3
Losses and loss adjustment expenses	1,898.0		8.3		1,906.3		2,152.3		8.6		2,160.9
Policy acquisition costs	485.2		5.6		490.8		450.8		5.8		456.6
Other operating expenses	245.2		1.6		246.8		174.1		1.4		175.5
Underwriting gain (loss)	307.2		(0.9)		306.3		(142.1)		(1.1)		(143.2)
Investment income					175.4						160.2
Net realized investment gains					82.0						46.8
Other income					14.0						15.0
Interest expense					(14.7)						(14.3)
Pre-tax income					$	563.0					$	64.5
Net income					$	453.9					$	58.1

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,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	917.6	$	—	$	917.6	$	887.4	$	—	$	887.4
Homeowners	386.9		—		386.9		316.9		—		316.9
Commercial automobile	102.2		—		102.2		95.9		—		95.9
Other	83.8		7.3		91.1		59.1		7.4		66.5
Net premiums earned	$	1,490.5	$	7.3	$	1,497.8	$	1,359.3	$	7.4	$	1,366.7

Private passenger automobile	$	913.5	$	—	$	913.5	$	881.5	$	—	$	881.5
Homeowners	501.4		—		501.4		434.5		—		434.5
Commercial automobile	109.4		—		109.4		93.9		—		93.9
Other	92.5		6.8		99.3		67.3		7.8		75.1
Direct premiums written	$	1,616.8	$	6.8	$	1,623.6	$	1,477.2	$	7.8	$	1,485.0


	Six Months Ended June 30,
	2026						2025
	Property & Casualty		Other		Total		Property & Casualty		Other		Total

	(Amounts in millions)
Private passenger automobile	$	1,816.2	$	—	$	1,816.2	$	1,746.0	$	—	$	1,746.0
Homeowners	751.4		—		751.4		572.9		—		572.9
Commercial automobile	199.8		—		199.8		191.2		—		191.2
Other	168.2		14.6		182.8		125.0		14.7		139.7
Net premiums earned	$	2,935.6	$	14.6	$	2,950.2	$	2,635.1	$	14.7	$	2,649.8

Private passenger automobile	$	1,853.9	$	—	$	1,853.9	$	1,788.0	$	—	$	1,788.0
Homeowners	917.8		—		917.8		778.7		—		778.7
Commercial automobile	229.0		—		229.0		200.4		—		200.4
Other	182.2		13.4		195.6		148.5		14.8		163.3
Direct premiums written	$	3,182.9	$	13.4	$	3,196.3	$	2,915.6	$	14.8	$	2,930.4