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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
[1]
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2018 - $3,496.5; 2017 - $3,320.6) $ 3,456.2 $ 3,343.4
Equity securities, at fair value (cost: 2018 - $358.6; 2017 - $338.2) 486.5 487.4
Other investments (cost: 2018 - $477.8; 2017 - $534.1) 487.5 543.6
Short-term investments, at fair value (cost: 2018 - $434.5; 2017 - $368.5) 434.5 368.5
Total investments 4,864.7 4,742.9
Cash 118.5 176.6
Accrued investment income 26.3 23.5
Premiums receivable 708.9 598.6
Reinsurance recoverables 2,208.2 2,093.3
Goodwill 161.4 161.4
Intangible assets, net of accumulated amortization 110.5 96.8
Current income taxes receivable, net 0.0 1.4
Deferred acquisition costs, net 174.6 160.4
Ceded unearned premiums 515.6 399.5
Other assets 391.0 309.6
Total assets 9,279.7 8,764.0
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 4,291.7 4,201.0
Unearned premiums 1,387.5 1,207.7
Accrued underwriting expenses 122.6 115.3
Ceded reinsurance payable, net 885.4 734.0
Funds held 38.8 42.7
Senior unsecured fixed rate notes 139.8 139.6
Other indebtedness 183.9 184.5
Junior subordinated debentures 256.9 256.6
Current income taxes payable, net 8.1 0.0
Deferred tax liabilities, net 14.0 31.3
Other liabilities 132.9 31.6
Total liabilities 7,461.6 6,944.3
Commitments and contingencies (Note 14)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,188,722 and 40,385,309 shares issued at September 30, 2018 and December 31, 2017, respectively 45.2 40.4
Additional paid-in capital 1,368.7 1,129.1
Treasury shares (11,285,996 and 10,785,007 shares at September 30, 2018 and December 31, 2017, respectively) (453.4) (423.4)
Retained earnings 915.7 977.0
Accumulated other comprehensive (loss) income, net of taxes (58.1) 96.6
Total shareholders' equity 1,818.1 1,819.7
Total liabilities and shareholders' equity $ 9,279.7 $ 8,764.0
[1] Derived from audited consolidated financial statements.