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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets    
Available-for-sale (cost: 2012 - $2,985.5; 2011 - $3,095.4) $ 3,157.5 $ 3,215.5
Equity securities, at fair value (cost: 2012 - $373.3; 2011 - $291.5) 533.3 403.6
Other investments (cost: 2012 - $282.7; 2011 - $232.3) 283.6 232.0
Short-term investments, at fair value (cost: 2012 - $370.5; 2011 - $296.4) 370.5 296.4
Total investments 4,344.9 4,147.5
Cash 142.7 100.9
Accrued investment income 28.8 32.3
Premiums receivable 402.9 309.0
Reinsurance recoverables 1,016.5 1,144.1
Goodwill 153.8 153.8
Intangible assets, net of accumulated amortization 88.4 93.0
Current income taxes receivable, net 21.3 11.2
Deferred acquisition costs, net 107.7 101.5
Ceded unearned premiums 213.0 179.4
Other assets 129.8 105.6
Total assets 6,649.8 6,378.3
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 3,227.9 3,291.1
Unearned premiums 787.0 658.2
Accrued underwriting expenses 96.2 78.5
Ceded reinsurance payable, net 368.0 424.5
Funds held 29.7 35.8
Senior unsecured fixed rate notes 143.8 0
Other indebtedness 64.5 65.5
Junior subordinated debentures 311.5 311.5
Deferred tax liabilities, net 49.7 18.5
Other liabilities 29.6 31.7
Total liabilities 5,107.9 4,915.3
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 31,358,135 and 31,285,469 shares issued at September 30, 2012 and December 31, 2011, respectively 31.4 31.3
Additional paid-in capital 721.2 716.8
Treasury shares (6,248,209 and 4,971,305 shares at September 30, 2012 and December 31, 2011, respectively) (198.5) (160.9)
Retained earnings 783.7 736.0
Accumulated other comprehensive gain, net of taxes 204.1 139.8
Total shareholders' equity 1,541.9 1,463.0
Total liabilities and shareholders' equity $ 6,649.8 $ 6,378.3