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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Premiums and other revenue:        
Earned premiums $ 431.7 $ 417.7 $ 852.2 $ 832.4
Net investment income 42.8 33.2 76.7 69.2
Fee and other income 2.1 1.9 4.4 3.9
Net realized investment (losses) gains:        
Net realized investment (losses) gains (0.6) 6.2 (2.3) 21.4
Change in fair value of equity securities 12.6 4.3 66.8 (26.6)
Net realized investment gains (losses) 12.0 10.5 64.5 (5.2)
Total revenue 488.6 463.3 997.8 900.3
Expenses:        
Losses and loss adjustment expenses 284.8 245.5 522.7 482.7
Underwriting, acquisition and insurance expenses 168.9 156.8 329.6 317.0
Interest expense 9.3 7.8 17.8 15.5
Fee and other expense 1.3 1.6 2.6 3.6
Foreign currency exchange gains (5.3) (5.5) (4.6) (0.6)
Total expenses 459.0 406.2 868.1 818.2
Income before income taxes 29.6 57.1 129.7 82.1
Income tax provision 0.8 15.3 9.7 15.5
Net income $ 28.8 $ 41.8 $ 120.0 $ 66.6
Net income per common share:        
Basic (in dollars per share) $ 0.84 $ 1.23 $ 3.52 $ 1.96
Diluted (in dollars per share) 0.83 1.20 3.45 1.92
Dividend declared per common share (in dollars per share) $ 0.31 $ 0.27 $ 0.62 $ 0.54
Weighted average common shares:        
Basic (in shares) 34,195,250 33,938,509 34,090,372 33,903,809
Diluted (in shares) 34,779,991 34,668,918 34,759,548 34,704,811
Net realized investment gains (losses) before other-than-temporary impairment losses $ 14.5 $ 11.4 $ 71.3 $ (3.3)
Other-than-temporary impairment losses recognized in earnings:        
Other-than-temporary impairment losses on fixed maturities (2.5) (0.9) (6.8) (1.9)
Impairment losses recognized in earnings $ (2.5) $ (0.9) $ (6.8) $ (1.9)