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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
[1]
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2018 - $3,338.5; 2017 - $3,320.6) $ 3,301.4 $ 3,343.4
Equity securities, at fair value (cost: 2018 - $368.8; 2017 - $338.2) 492.2 487.4
Other investments (cost: 2018 - $516.3; 2017 - $534.1) 525.9 543.6
Short-term investments, at fair value (cost: 2018 - $449.4; 2017 - $368.5) 449.4 368.5
Total investments 4,768.9 4,742.9
Cash 126.7 176.6
Accrued investment income 24.9 23.5
Premiums receivable 698.1 598.6
Reinsurance recoverables 2,131.6 2,093.3
Goodwill 161.4 161.4
Intangible assets, net of accumulated amortization 111.9 96.8
Current income taxes receivable, net 0.0 1.4
Deferred acquisition costs, net 161.1 160.4
Ceded unearned premiums 493.4 399.5
Other assets 427.7 309.6
Total assets 9,105.7 8,764.0
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 4,242.9 4,201.0
Unearned premiums 1,283.6 1,207.7
Accrued underwriting expenses 116.1 115.3
Ceded reinsurance payable, net 816.0 734.0
Funds held 40.8 42.7
Senior unsecured fixed rate notes 139.7 139.6
Other indebtedness 184.6 184.5
Junior subordinated debentures 256.8 256.6
Current income taxes payable, net 13.5 0.0
Deferred tax liabilities, net 15.1 31.3
Other liabilities 199.5 31.6
Total liabilities 7,308.6 6,944.3
Commitments and contingencies (Note 14)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,144,646 and 40,385,309 shares issued at June 30, 2018 and December 31, 2017, respectively 45.1 40.4
Additional paid-in capital 1,365.3 1,129.1
Treasury shares (11,129,540 and 10,785,007 shares at June 30, 2018 and December 31, 2017, respectively) (443.8) (423.4)
Retained earnings 884.4 977.0
Accumulated other comprehensive (loss) income, net of taxes (53.9) 96.6
Total shareholders' equity 1,797.1 1,819.7
Total liabilities and shareholders' equity $ 9,105.7 $ 8,764.0
[1] Derived from audited consolidated financial statements.