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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Premiums and other revenue:        
Earned premiums $ 417.7 $ 399.1 $ 832.4 $ 778.5
Net investment income 33.2 43.6 69.2 74.1
Fee and other income 1.9 3.8 3.9 7.4
Net realized investment gains (losses):        
Net realized investment gains 6.2 4.5 21.4 19.1
Change in fair value of equity securities 4.3 0.0 (26.6) 0.0
Net realized investment gains (losses) 10.5 4.5 (5.2) 19.1
Total revenue 463.3 451.0 900.3 879.1
Expenses:        
Losses and loss adjustment expenses 245.5 230.6 482.7 453.1
Underwriting, acquisition and insurance expenses 156.8 154.7 317.0 308.3
Interest expense 7.8 7.0 15.5 12.9
Fee and other expense 1.6 3.3 3.6 7.4
Foreign currency exchange (gains) losses (5.5) 4.6 (0.6) 3.9
Total expenses 406.2 400.2 818.2 785.6
Income before income taxes 57.1 50.8 82.1 93.5
Income tax provision 15.3 4.8 15.5 10.8
Net income $ 41.8 $ 46.0 $ 66.6 $ 82.7
Net income per common share:        
Basic (in dollars per share) $ 1.23 $ 1.32 $ 1.96 $ 2.39
Diluted (in dollars per share) 1.20 1.29 1.92 2.32
Dividend declared per common share (in dollars per share) $ 0.27 $ 0.23 $ 0.54 $ 0.47
Weighted average common shares:        
Basic (in shares) 33,938,509 34,731,866 33,903,809 34,643,594
Diluted (in shares) 34,668,918 35,705,484 34,704,811 35,644,640
Net realized investment gains (losses) before other-than-temporary impairment losses $ 11.4 $ 5.6 $ (3.3) $ 20.6
Other-than-temporary impairment losses recognized in earnings:        
Other-than-temporary impairment losses on fixed maturities (0.9) 0.0 (1.9) 0.0
Other-than-temporary impairment losses on equity securities 0.0 (1.1) 0.0 (1.5)
Impairment losses recognized in earnings (0.9) (1.1) (1.9) (1.5)
Net realized investment gains (losses) $ 10.5 $ 4.5 $ (5.2) $ 19.1