| Financial Information with Respect to Reporting Segments |
Summarized below is financial information with respect to the Company’s reporting segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 30, 2026 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
582.2 |
|
$ |
|
369.5 |
|
$ |
|
659.8 |
|
$ |
|
— |
|
$ |
|
1,611.5 |
|
Net investment income |
|
|
|
60.5 |
|
|
|
30.5 |
|
|
|
36.8 |
|
|
|
4.1 |
|
|
|
131.9 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.3 |
|
|
|
3.5 |
|
|
|
0.1 |
|
|
|
6.2 |
|
Total operating revenues |
|
$ |
|
644.0 |
|
$ |
|
401.3 |
|
$ |
|
700.1 |
|
$ |
|
4.2 |
|
|
|
1,749.6 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14.1 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
1,735.5 |
|
Operating income (loss) before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
582.2 |
|
$ |
|
369.5 |
|
$ |
|
659.8 |
|
$ |
|
— |
|
$ |
|
1,611.5 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
352.4 |
|
|
|
176.5 |
|
|
|
369.4 |
|
|
|
— |
|
|
|
898.3 |
|
Prior year unfavorable (favorable) development,
excluding catastrophes |
|
|
|
(3.0 |
) |
|
|
(14.8 |
) |
|
|
(0.7 |
) |
|
|
0.2 |
|
|
|
(18.3 |
) |
Current year catastrophe losses |
|
|
|
49.9 |
|
|
|
14.8 |
|
|
|
57.0 |
|
|
|
— |
|
|
|
121.7 |
|
Prior year favorable catastrophe development |
|
|
|
(4.6 |
) |
|
|
(2.4 |
) |
|
|
(5.0 |
) |
|
|
— |
|
|
|
(12.0 |
) |
Total losses and LAE |
|
|
|
394.7 |
|
|
|
174.1 |
|
|
|
420.7 |
|
|
|
0.2 |
|
|
|
989.7 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
191.8 |
|
|
|
136.8 |
|
|
|
174.1 |
|
|
|
— |
|
|
|
502.7 |
|
Underwriting income (loss) |
|
|
|
(4.3 |
) |
|
|
58.6 |
|
|
|
65.0 |
|
|
|
(0.2 |
) |
|
|
119.1 |
|
Net investment income |
|
|
|
60.5 |
|
|
|
30.5 |
|
|
|
36.8 |
|
|
|
4.1 |
|
|
|
131.9 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.3 |
|
|
|
3.5 |
|
|
|
0.1 |
|
|
|
6.2 |
|
Other segment items(2) |
|
|
|
(2.0 |
) |
|
|
(2.3 |
) |
|
|
(1.7 |
) |
|
|
(6.8 |
) |
|
|
(12.8 |
) |
Operating income (loss) before interest expense
and income taxes |
|
$ |
|
55.5 |
|
$ |
|
88.1 |
|
$ |
|
103.6 |
|
$ |
|
(2.8 |
) |
|
|
244.4 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(10.0 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
234.4 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14.1 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
220.3 |
|
(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 holding company, public company governance and other expenses, as well as expenses from certain of THG’s former life insurance businesses, including defined benefit pension-related costs.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
September 30, 2025 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
554.2 |
|
$ |
|
353.9 |
|
$ |
|
642.6 |
|
$ |
|
— |
|
$ |
|
1,550.7 |
|
Net investment income |
|
|
|
51.8 |
|
|
|
26.1 |
|
|
|
33.0 |
|
|
|
6.1 |
|
|
|
117.0 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.3 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.3 |
|
Total operating revenues |
|
$ |
|
607.3 |
|
$ |
|
381.3 |
|
$ |
|
679.3 |
|
$ |
|
6.1 |
|
|
|
1,674.0 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9.0 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
1,665.0 |
|
Operating income before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
554.2 |
|
$ |
|
353.9 |
|
$ |
|
642.6 |
|
$ |
|
— |
|
$ |
|
1,550.7 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
335.6 |
|
|
|
172.7 |
|
|
|
384.7 |
|
|
|
— |
|
|
|
893.0 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(1.2 |
) |
|
|
(10.0 |
) |
|
|
(0.9 |
) |
|
|
— |
|
|
|
(12.1 |
) |
Current year catastrophe losses |
|
|
|
17.8 |
|
|
|
6.0 |
|
|
|
22.4 |
|
|
|
— |
|
|
|
46.2 |
|
Total losses and LAE |
|
|
|
352.2 |
|
|
|
168.7 |
|
|
|
406.2 |
|
|
|
— |
|
|
|
927.1 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
187.8 |
|
|
|
132.4 |
|
|
|
170.1 |
|
|
|
— |
|
|
|
490.3 |
|
Underwriting income |
|
|
|
14.2 |
|
|
|
52.8 |
|
|
|
66.3 |
|
|
|
— |
|
|
|
133.3 |
|
Net investment income |
|
|
|
51.8 |
|
|
|
26.1 |
|
|
|
33.0 |
|
|
|
6.1 |
|
|
|
117.0 |
|
Fees and other income |
|
|
|
1.3 |
|
|
|
1.3 |
|
|
|
3.7 |
|
|
|
— |
|
|
|
6.3 |
|
Other segment items(2) |
|
|
|
(2.2 |
) |
|
|
(2.0 |
) |
|
|
(1.9 |
) |
|
|
(2.8 |
) |
|
|
(8.9 |
) |
Operating income before interest expense
and income taxes |
|
$ |
|
65.1 |
|
$ |
|
78.2 |
|
$ |
|
101.1 |
|
$ |
|
3.3 |
|
|
|
247.7 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11.6 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
236.1 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9.0 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
227.1 |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
|
September 30, 2026 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
1,725.3 |
|
$ |
|
1,095.2 |
|
$ |
|
1,959.2 |
|
$ |
|
— |
|
$ |
|
4,779.7 |
|
Net investment income |
|
|
|
174.1 |
|
|
|
86.4 |
|
|
|
105.3 |
|
|
|
12.6 |
|
|
|
378.4 |
|
Fees and other income |
|
|
|
4.0 |
|
|
|
3.7 |
|
|
|
10.8 |
|
|
|
0.1 |
|
|
|
18.6 |
|
Total operating revenues |
|
$ |
|
1,903.4 |
|
$ |
|
1,185.3 |
|
$ |
|
2,075.3 |
|
$ |
|
12.7 |
|
|
|
5,176.7 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.6 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
5,163.1 |
|
Operating income before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
1,725.3 |
|
$ |
|
1,095.2 |
|
$ |
|
1,959.2 |
|
$ |
|
— |
|
$ |
|
4,779.7 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
1,024.2 |
|
|
|
541.8 |
|
|
|
1,108.2 |
|
|
|
— |
|
|
|
2,674.2 |
|
Prior year unfavorable (favorable) development,
excluding catastrophes |
|
|
|
(5.2 |
) |
|
|
(39.8 |
) |
|
|
(20.0 |
) |
|
|
0.2 |
|
|
|
(64.8 |
) |
Current year catastrophe losses |
|
|
|
136.2 |
|
|
|
43.4 |
|
|
|
194.5 |
|
|
|
— |
|
|
|
374.1 |
|
Prior year favorable catastrophe development |
|
|
|
(34.1 |
) |
|
|
(11.4 |
) |
|
|
(28.2 |
) |
|
|
— |
|
|
|
(73.7 |
) |
Total losses and LAE |
|
|
|
1,121.1 |
|
|
|
534.0 |
|
|
|
1,254.5 |
|
|
|
0.2 |
|
|
|
2,909.8 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
567.5 |
|
|
|
404.3 |
|
|
|
518.0 |
|
|
|
— |
|
|
|
1,489.8 |
|
Underwriting income (loss) |
|
|
|
36.7 |
|
|
|
156.9 |
|
|
|
186.7 |
|
|
|
(0.2 |
) |
|
|
380.1 |
|
Net investment income |
|
|
|
174.1 |
|
|
|
86.4 |
|
|
|
105.3 |
|
|
|
12.6 |
|
|
|
378.4 |
|
Fees and other income |
|
|
|
4.0 |
|
|
|
3.7 |
|
|
|
10.8 |
|
|
|
0.1 |
|
|
|
18.6 |
|
Other segment items(2) |
|
|
|
(7.0 |
) |
|
|
(6.5 |
) |
|
|
(5.1 |
) |
|
|
(12.0 |
) |
|
|
(30.6 |
) |
Operating income before interest expense
and income taxes |
|
$ |
|
207.8 |
|
$ |
|
240.5 |
|
$ |
|
297.7 |
|
$ |
|
0.5 |
|
|
|
746.5 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(30.9 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
715.6 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.6 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
702.0 |
|
(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. (1)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 holding company, public company governance and other expenses, as well as expenses from certain of THG’s former life insurance businesses, including defined benefit pension-related costs.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
|
|
September 30, 2025 |
|
(in millions) |
|
|
Core Commercial |
|
|
Specialty |
|
|
Personal Lines |
|
|
Other |
|
|
Total |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Premiums |
|
$ |
|
1,649.5 |
|
$ |
|
1,049.4 |
|
$ |
|
1,905.6 |
|
$ |
|
— |
|
$ |
|
4,604.5 |
|
Net investment income |
|
|
|
147.5 |
|
|
|
74.7 |
|
|
|
93.7 |
|
|
|
12.7 |
|
|
|
328.6 |
|
Fees and other income |
|
|
|
3.9 |
|
|
|
3.7 |
|
|
|
11.1 |
|
|
|
0.1 |
|
|
|
18.8 |
|
Total operating revenues |
|
$ |
|
1,800.9 |
|
$ |
|
1,127.8 |
|
$ |
|
2,010.4 |
|
$ |
|
12.8 |
|
|
|
4,951.9 |
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(29.3 |
) |
Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
4,922.6 |
|
Operating income before interest expense
and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net premiums earned |
|
$ |
|
1,649.5 |
|
$ |
|
1,049.4 |
|
$ |
|
1,905.6 |
|
$ |
|
— |
|
$ |
|
4,604.5 |
|
Losses and LAE: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current accident year losses and LAE |
|
|
|
983.4 |
|
|
|
520.3 |
|
|
|
1,136.9 |
|
|
|
— |
|
|
|
2,640.6 |
|
Prior year favorable development,
excluding catastrophes |
|
|
|
(5.5 |
) |
|
|
(38.4 |
) |
|
|
(6.3 |
) |
|
|
(0.1 |
) |
|
|
(50.3 |
) |
Current year catastrophe losses |
|
|
|
97.5 |
|
|
|
39.3 |
|
|
|
130.5 |
|
|
|
— |
|
|
|
267.3 |
|
Prior year favorable catastrophe development |
|
|
|
(11.0 |
) |
|
|
(4.0 |
) |
|
|
(3.0 |
) |
|
|
— |
|
|
|
(18.0 |
) |
Total losses and LAE |
|
|
|
1,064.4 |
|
|
|
517.2 |
|
|
|
1,258.1 |
|
|
|
(0.1 |
) |
|
|
2,839.6 |
|
Amortization of deferred acquisition costs and other
underwriting expenses(1) |
|
|
|
553.7 |
|
|
|
390.4 |
|
|
|
494.3 |
|
|
|
— |
|
|
|
1,438.4 |
|
Underwriting income |
|
|
|
31.4 |
|
|
|
141.8 |
|
|
|
153.2 |
|
|
|
0.1 |
|
|
|
326.5 |
|
Net investment income |
|
|
|
147.5 |
|
|
|
74.7 |
|
|
|
93.7 |
|
|
|
12.7 |
|
|
|
328.6 |
|
Fees and other income |
|
|
|
3.9 |
|
|
|
3.7 |
|
|
|
11.1 |
|
|
|
0.1 |
|
|
|
18.8 |
|
Other segment items(2) |
|
|
|
(7.0 |
) |
|
|
(6.2 |
) |
|
|
(5.3 |
) |
|
|
(11.4 |
) |
|
|
(29.9 |
) |
Operating income before interest expense
and income taxes |
|
$ |
|
175.8 |
|
$ |
|
214.0 |
|
$ |
|
252.7 |
|
$ |
|
1.5 |
|
|
|
644.0 |
|
Interest on debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(28.7 |
) |
Operating income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
615.3 |
|
Non-operating income (loss) items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized investment losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(29.3 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
586.0 |
|
(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.
|