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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
[1]
Assets    
Fixed maturities available-for-sale, at fair value (cost: 2017 - $3,248.6; 2016 - $2,938.8) $ 3,276.2 $ 2,932.4
Equity securities available-for-sale, at fair value (cost: 2017 - $321.5; 2016 - $335.2) 442.6 447.4
Other investments (cost: 2017 - $530.0; 2016 - $531.6) 539.4 539.0
Short-term investments, at fair value (cost: 2017 - $365.9; 2016 - $405.5) 365.9 405.5
Total investments 4,624.1 4,324.3
Cash 214.5 86.0
Accrued investment income 23.0 20.7
Premiums receivable 672.6 463.8
Reinsurance recoverables 1,519.6 1,385.6
Goodwill 152.2 152.2
Intangible assets, net of accumulated amortization 108.9 67.7
Deferred acquisition costs, net 162.8 139.1
Ceded unearned premiums 436.6 302.8
Other assets 326.4 262.8
Total assets 8,240.7 7,205.0
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 3,632.8 3,350.8
Unearned premiums 1,176.2 970.0
Accrued underwriting expenses 116.0 115.0
Ceded reinsurance payable, net 704.7 466.6
Funds held 40.2 77.1
Senior unsecured fixed rate notes 139.5 139.5
Other indebtedness 182.5 55.4
Junior subordinated debentures 256.4 172.7
Current income taxes payable, net 13.4 8.1
Deferred tax liabilities, net 38.2 24.1
Other liabilities 49.5 33.0
Total liabilities 6,349.4 5,412.3
Commitments and contingencies (Note 16) 0.0 0.0
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 40,262,441 and 40,042,330 shares issued at June 30, 2017 and December 31, 2016, respectively 40.3 40.0
Additional paid-in capital 1,125.9 1,123.3
Treasury shares (10,075,255 and 10,028,755 shares at June 30, 2017 and December 31, 2016, respectively) (381.0) (378.2)
Retained earnings 1,026.0 959.9
Accumulated other comprehensive income, net of taxes 80.1 47.7
Total shareholders' equity 1,891.3 1,792.7
Total liabilities and shareholders' equity $ 8,240.7 $ 7,205.0
[1] Derived from audited consolidated financial statements.