v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for these Segments
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the three months ended June 30, 2026, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$205.3 $41.0 $70.6 $— $316.9 
Net investment income
11.8 96.7 10.4 1.6 120.5 
Other segment income
0.7 5.5 (0.9)0.9 6.2 
Total segment revenues
$217.8 $143.2 $80.1 $2.5 $443.6 

Benefits and claims expenses
   (excluding catastrophe losses)
$84.7 $31.9 $31.6 $— $148.2 
Catastrophe losses
24.2 — — — 24.2 
Loss adjustment expenses
18.5 — — — 18.5 
Interest credited
— 53.2 1.4 — 54.6 
Operating & admin expenses
34.5 25.1 21.0 3.5 84.0 
Commissions expense
16.9 11.3 11.3 — 39.5 
Taxes, licenses and fees
5.6 1.2 1.5 0.2 8.5 
Deferred policy acquisition costs
(24.9)(6.4)(1.5)— (32.8)
Deferred policy acquisition
   cost amortization
25.3 6.2 0.5 — 32.0 
Interest expense
— — — 9.6 9.6 
Total segment expenses
$184.8 $122.5 $65.8 $13.3 $386.4 
Pretax profit (loss)
$33.0 $20.7 $14.3 $(10.8)$57.2 
Income tax expense
7.2 4.1 3.1 (5.4)9.0 
Segment profit (loss) (Core earnings)
25.8 16.6 11.2 (5.4)48.2 
Net investment losses (after-tax) — — — (0.1)(0.1)
Non-core income adjustments (after-tax)
— 3.6 (2.7)(7.3)(6.5)
Net income
$25.8 $20.1 $8.5 $(12.8)$41.6 
*-Corporate & Other is net of intersegment eliminations.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the six months ended June 30, 2026, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$408.5 $80.4 $141.0 $— $629.9 
Net investment income26.4 183.7 19.3 1.8 231.2 
Other segment income
2.7 11.0 (1.5)1.8 14.0 
Total segment revenues
$437.6 $275.1 $158.8 $3.6 $875.1 

Benefits and claims expenses
   (excluding catastrophe losses)
$170.6 $63.4 $59.7 $— $293.7 
Catastrophe losses
35.5 — — — 35.5 
Loss adjustment expenses
35.4 — — — 35.4 
Interest credited
— 105.6 2.8 — 108.4 
Operating & admin expenses
67.9 50.2 41.6 6.4 166.1 
Commissions expense
33.3 22.3 23.1 — 78.7 
Taxes, licenses and fees
10.8 2.2 3.0 0.3 16.3 
Deferred policy acquisition costs
(48.6)(12.8)(2.9)— (64.3)
Deferred policy acquisition
   cost amortization
51.1 12.2 1.0 — 64.3 
Interest expense
— — — 19.1 19.1 
Total segment expenses
$356.0 $243.1 $128.3 $25.8 $753.2 
Pretax profit (loss)
$81.6 $32.0 $30.5 $(22.2)$121.9 
Income tax expense
16.8 6.2 6.7 (8.5)21.2 
Segment profit (loss) (Core earnings)
64.8 25.8 23.8 (13.7)100.7 
Net investment losses (after-tax) — — — (1.8)(1.8)
Non-core income adjustments (after-tax)(1)
— 1.4 (5.4)(12.1)(16.1)
Net income
$64.8 $27.2 $18.4 $(27.6)$82.8 
*-Corporate & Other is net of intersegment eliminations.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the three months ended June 30, 2025, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ 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)— (4.6)(5.5)— (10.1)
Net income
$16.5 $20.0 $7.9 $(15.0)$29.4 
*-Corporate & Other is net of intersegment eliminations.
(1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2026 Form 10-Q.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the six months ended June 30, 2025, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ 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 adjustment (after-tax)— (5.7)(8.3)— (14.0)
Net income
$43.3 $26.8 $19.1 $(21.6)$67.6 
*-Corporate & Other is net of intersegment eliminations.
(1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2026 Form 10-Q.
Schedule of Additional Significant Financial Information for these Segments
($ in millions)June 30, 2026December 31, 2025
Assets
Property & Casualty$1,415.5 $1,372.1 
Life & Retirement12,600.1 12,204.5 
Supplemental & Group Benefits1,330.6 1,401.7 
Corporate & Other297.8 308.8 
Intersegment eliminations(39.6)(20.5)
Total$15,604.4 $15,266.6