THG 2018 Annual Report

6XPPDUL]HG EHORZ LV ILQDQFLDO LQIRUPDWLRQ ZLWK UHVSHFW WR WKH &RPSDQ\¶V EXVLQHVV VHJPHQWV YEARS ENDED DECEMBER 31 2018 2017 2016 (in millions) Operating revenues: Commercial Lines $ 2,739.5 $ 2,573.8 $ 2,485.0 Personal Lines 1,791.3 1,662.3 1,552.4 Other 14.2 10.7 6.3 Total 4,545.0 4,246.8 4,043.7 Net realized and unrealized investment gains (losses) (50.7) 21.1 10.2 Total revenues $ 4,494.3 $ 4,267.9 $ 4,053.9 Operating income (loss) before interest expense and income taxes: Commercial Lines: Underwriting income (loss) $ 85.0 $ 12.2 $ (123.2) Net investment income 182.2 165.8 158.5 Other expense (1.5) (0.6) (0.6) Commercial Lines operating income 265.7 177.4 34.7 Personal Lines: Underwriting income 66.6 83.7 103.1 Net investment income 73.7 70.1 69.5 Other income 5.9 4.9 5.1 Personal Lines operating income 146.2 158.7 177.7 Other: Underwriting loss (4.2) (4.2) (9.9) Net investment income 11.5 8.0 3.6 Other expense (12.7) (12.6) (13.2) Other operating loss (5.4) (8.8) (19.5) Operating income before interest expense and income taxes 406.5 327.3 192.9 Interest on debt (45.1) (45.2) (51.4) Operating income before income taxes 361.4 282.1 141.5 Non-operating income (loss) items: Net realized and unrealized investment gains (losses) (50.7) 21.1 10.2 Net loss from repayment of debt (28.2) ² (88.3) Other non-operating items ² (10.3) 2.6 Income from continuing operations before income taxes $ 282.5 $ 292.9 $ 66.0 7KH IROORZLQJ WDEOH SURYLGHV LGHQWLILDEOH DVVHWV IRU WKH &RPSDQ\¶V EXVLQHVV VHJPHQWV DQG GLVFRQWLQXHG RSHUDWLRQV DECEMBER 31 2018 2017 (in millions) Identifiable Assets U.S. Companies $ 12,238.4 $ 10,915.0 Assets held-for-sale (1) 57.4 4,466.6 Assets of discontinued life business 103.9 88.0 Total $ 12,399.7 $ 15,469.6 (1) See also Note 2 ± ³'LVFRQWLQXHG 2SHUDWLRQV´ IRU D GLVFXVVLRQ RQ WKH VDOH RI WKH &KDXFHU business. The Company reviews the assets of its U.S. Companies collectively and does not allocate them among the Commercial Lines, Personal Lines and Other segments. 119 2018 ANNUAL REPORT | THE HANOVER INSURANCE GROUP