v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2026, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$207.1 $42.0 $68.9 $— $318.0 
Net investment income
14.3 109.9 11.7 3.8 139.7 
Other segment income
1.3 5.9 (0.4)0.9 7.7 
Total segment revenues
$222.7 $157.8 $80.2 $4.7 $465.4 

Benefits and claims expenses
   (excluding catastrophe losses)
$86.2 $26.2 $20.3 $— $132.7 
Catastrophe losses
13.5 — — — 13.5 
Loss adjustment expenses
18.7 — — — 18.7 
Interest credited
— 54.1 1.5 — 55.6 
Operating & admin expenses
32.7 23.7 20.3 3.4 80.1 
Commissions expense
17.9 12.1 12.1 — 42.1 
Taxes, licenses and fees
5.9 1.2 1.5 0.1 8.7 
Deferred policy acquisition costs
(25.8)(6.8)(1.3)— (33.9)
Deferred policy acquisition
   cost amortization
25.2 6.2 0.5 — 31.9 
Interest expense
— — — 9.6 9.6 
Total segment expenses
$174.3 $116.7 $54.9 $13.1 $359.0 
Pretax profit (loss)
$48.4 $41.1 $25.3 $(8.4)$106.4 
Income tax expense
9.5 7.8 5.9 (1.9)21.3 
Segment profit (loss) (Core earnings)
38.9 33.3 19.4 (6.5)85.1 
Net investment losses (after-tax) — — — (20.6)(20.6)
Non-core income adjustments (after-tax)
— 0.9 (2.9)(4.0)(6.0)
Net income (loss)$38.9 $34.1 $16.6 $(31.1)$58.5 
*-Corporate & Other is net of intersegment eliminations.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the nine months ended September 30, 2026, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$615.6 $122.4 $209.9 $— $947.9 
Net investment income40.7 293.6 31.0 5.6 370.9 
Other segment income
4.0 16.9 (1.9)2.7 21.7 
Total segment revenues
$660.3 $432.9 $239.0 $8.3 $1,340.5 

Benefits and claims expenses
   (excluding catastrophe losses)
$256.8 $89.6 $80.0 $— $426.4 
Catastrophe losses
49.0 — — — 49.0 
Loss adjustment expenses
54.1 — — — 54.1 
Interest credited
— 159.7 4.3 — 164.0 
Operating & admin expenses
100.6 73.9 61.9 9.8 246.2 
Commissions expense
51.2 34.4 35.2 — 120.8 
Taxes, licenses and fees
16.7 3.4 4.5 0.4 25.0 
Deferred policy acquisition costs
(74.4)(19.6)(4.2)— (98.2)
Deferred policy acquisition
   cost amortization
76.3 18.4 1.5 — 96.2 
Interest expense
— — — 28.7 28.7 
Total segment expenses
$530.3 $359.8 $183.2 $38.9 $1,112.2 
Pretax profit (loss)
$130.0 $73.1 $55.8 $(30.6)$228.3 
Income tax expense
26.3 14.0 12.6 (10.4)42.5 
Segment profit (loss) (Core earnings)
103.7 59.1 43.2 (20.2)185.8 
Net investment losses (after-tax) — — — (22.4)(22.4)
Non-core income adjustments (after-tax)(1)
— 2.3 (8.3)(16.1)(22.1)
Net income (loss)$103.7 $61.3 $35.0 $(58.7)$141.3 
*-Corporate & Other is net of intersegment eliminations.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the three months ended September 30, 2025, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$204.7 $39.2 $66.4 $— $310.3 
Net investment income(1)
14.7 94.0 11.1 (0.3)119.6 
Other segment income
0.6 6.1 (1.9)0.5 5.3 
Total segment revenues
$220.0 $139.3 $75.6 $0.2 $435.2 

Benefits and claims expenses
   (excluding catastrophe losses)
$95.2 $31.2 $19.0 $— $145.4 
Catastrophe losses
9.9 — — — 9.9 
Loss adjustment expenses
18.1 — — — 18.1 
Interest credited
— 54.2 1.5 — 55.7 
Operating & admin expenses
34.5 25.0 21.6 2.8 84.0 
Commissions expense
21.2 10.9 10.7 — 42.8 
Taxes, licenses and fees
5.8 0.9 1.1 0.2 8.0 
Deferred policy acquisition costs
(30.2)(7.1)(1.3)— (38.6)
Deferred policy acquisition
   cost amortization
25.1 5.9 0.5 — 31.5 
Interest expense
— — — 8.9 8.9 
Total segment expenses
$179.7 $121.1 $53.1 $11.9 $365.8 
Pretax profit (loss)
$40.4 $18.2 $22.5 $(11.7)$69.4 
Income tax expense
8.5 3.1 4.7 (3.6)12.7 
Segment profit (loss) (Core earnings)
31.8 15.1 17.8 (8.1)56.7 
Net investment gains (after-tax) — — — 2.7 2.7 
Non-core income adjustments (after-tax)— 1.8 (2.8)— (1.0)
Net income (loss)$31.8 $16.9 $15.0 $(5.4)$58.3 
*-Corporate & Other is net of intersegment eliminations.
(1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the September 30, 2026 Form 10-Q.
Disaggregated financial information for these segments, as regularly provided to the CODM as of and for the nine months ended September 30, 2025, is as follows:
Property & Casualty
Life & Retirement
Supplemental & Group Benefits
Corporate & Other*
Totals
($ in millions)
Net premiums and contract charges earned$594.7 $117.3 $199.2 $— $911.2 
Net investment income(1)
41.4 280.2 31.1 3.8 356.5 
Other segment income
2.6 15.8 (4.9)1.5 15.0 
Total segment revenues
$638.7 $413.3 $225.4 $5.3 $1,282.7 

Benefits and claims expenses
   (excluding catastrophe losses)
$270.5 $93.0 $68.8 $— $432.3 
Catastrophe losses
56.0 — — — 56.0 
Loss adjustment expenses
51.6 — — — 51.6 
Interest credited
— 157.3 3.9 — 161.2 
Operating & admin expenses
101.3 72.9 60.1 8.8 243.1 
Commissions expense
54.6 30.5 33.2 — 118.3 
Taxes, licenses and fees
16.8 3.2 4.2 0.5 24.7 
Deferred policy acquisition costs
(79.2)(19.2)(3.7)— (102.1)
Deferred policy acquisition
   cost amortization
72.0 17.6 1.4 — 91.0 
Interest expense
— — — 26.4 26.4 
Total segment expenses
$543.6 $355.3 $167.9 $35.7 $1,102.5 
Pretax profit (loss) $95.0 $58.0 $57.5 $(30.4)$180.2 
Income tax expense
19.9 10.4 12.3 (8.0)34.6 
Segment profit (loss) (Core earnings)
75.1 47.6 45.2 (22.4)145.6 
Net investment losses (after-tax) — — — (4.6)(4.6)
Non-core income adjustment (after-tax)— (3.9)(11.1)— (15.0)
Net income (loss)$75.1 $43.7 $34.1 $(27.0)$125.9 
*-Corporate & Other is net of intersegment eliminations.
(1) In the second quarter of 2025, the Company recorded a reduction in net investment income due to an immaterial out-of-period correction of an error. See additional disclosure contained in Note 1 of the June 30, 2026 Form 10-Q.
Schedule of Additional Significant Financial Information for these Segments
($ in millions)September 30, 2026December 31, 2025
Assets
Property & Casualty$1,338.4 $1,372.1 
Life & Retirement12,437.0 12,204.5 
Supplemental & Group Benefits1,278.9 1,401.7 
Corporate & Other381.6 308.8 
Intersegment eliminations(35.4)(20.5)
Total$15,400.5 $15,266.6