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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments [Abstract]    
Fixed maturity securities, available-for-sale at fair value $ 3,753.0 $ 4,028.9
Equity securities 72.4 92.5
Mortgage loans 142.2 183.5
Policy loans 18.9 19.1
Other invested assets 70.3 68.1
Total investments 4,056.8 4,392.1
Cash and cash equivalents 186.9 228.8
Accounts receivable, net 333.3 311.8
Recoverable from reinsurers 958.4 953.7
Deferred tax asset 2.2 2.7
Property, plant and equipment, net 223.4 223.7
Goodwill 112.0 112.5
Intangibles, net 220.1 221.7
Assets held for sale 0.0 323.3
Other assets 246.0 188.0
Total assets 6,339.1 6,958.3
Liabilities, temporary equity and stockholders’ equity    
Life, accident and health reserves 4,593.9 4,567.1
Annuity reserves 235.4 236.4
Value of business acquired 215.1 221.1
Accounts payable and other current liabilities 334.4 306.2
Deferred tax liability 24.4 83.7
Debt obligations 686.0 773.6
Liabilities held for sale 0.0 153.9
Other liabilities 170.8 151.1
Total liabilities 6,260.0 6,493.1
Commitments and contingencies
Temporary equity    
Preferred stock 10.3 10.3
Redeemable noncontrolling interest 8.3 11.3
Total temporary equity 18.6 21.6
Stockholders’ equity    
Common stock 0.0 0.0
Additional paid-in capital 282.7 281.1
Treasury stock, at cost: 1,109,751 and 742,824 shares at March 31, 2020 and December 31, 2019, respectively (4.2) (3.3)
Accumulated deficit (179.8) (96.7)
Accumulated other comprehensive income (loss) (84.6) 168.7
Total HC2 Holdings, Inc. stockholders’ equity 14.1 349.8
Noncontrolling interest 46.4 93.8
Total stockholders’ equity 60.5 443.6
Total liabilities, temporary equity and stockholders’ equity $ 6,339.1 $ 6,958.3