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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Investments:      
Fixed maturities available-for-sale, at fair value (cost: 2018 - $3,529.1; 2017 - $3,320.6) $ 3,460.4 $ 3,343.4  
Equity securities, at fair value (cost: 2018 - $310.6; 2017 - $338.2) 354.5 487.4  
Other investments (cost: 2018 - $482.0; 2017 - $534.1) 489.8 543.6  
Short-term investments, at fair value (cost: 2018 - $482.3; 2017 - $368.5) 482.3 368.5  
Total investments 4,787.0 4,742.9  
Cash 139.2 176.6 $ 86.0
Accrued investment income 27.2 23.5  
Premiums receivable 649.9 598.6  
Reinsurance recoverables 2,688.3 2,093.3  
Goodwill 177.0 161.4  
Intangible assets, net of accumulated amortization 93.5 96.8  
Current income taxes receivable, net 8.2 1.4  
Deferred acquisition costs, net 167.3 160.4  
Ceded unearned premiums 457.7 399.5  
Other assets 362.9 309.6  
Total assets 9,558.2 8,764.0  
Liabilities and Shareholders' Equity      
Reserves for losses and loss adjustment expenses 4,654.6 4,201.0 3,350.8
Unearned premiums 1,300.9 1,207.7  
Accrued underwriting expenses 141.4 115.3  
Ceded reinsurance payable, net 970.5 734.0  
Funds held 37.2 42.7  
Senior unsecured fixed rate notes 139.8 139.6  
Other indebtedness 183.4 184.5  
Junior subordinated debentures 257.0 256.6  
Deferred tax liabilities, net 6.2 31.3  
Other liabilities 120.5 31.6  
Total liabilities 7,811.5 6,944.3  
Commitments and contingencies (Note 17)  
Shareholders' equity:      
Common shares - $1.00 par, 500,000,000 shares authorized; 45,276,999 and 40,385,309 shares issued at December 31, 2018 and December 31, 2017, respectively 45.3 40.4  
Additional paid-in capital 1,372.0 1,129.1  
Treasury shares (11,315,889 and 10,785,007 shares at December 31, 2018 and December 31, 2017, respectively) (455.1) (423.4)  
Retained earnings 862.6 977.0  
Accumulated other comprehensive (loss) income, net of taxes (78.1) 96.6  
Total shareholders' equity 1,746.7 1,819.7 $ 1,792.7
Total liabilities and shareholders' equity $ 9,558.2 $ 8,764.0