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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
[1]
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2019 - $3,716.6; 2018 - $3,529.1) $ 3,745.6 $ 3,460.4
Equity securities, at fair value (cost: 2019 - $298.6; 2018 - $310.6) 400.6 354.5
Other investments (cost: 2019 - $486.0; 2018 - $482.0) 500.0 489.8
Short-term investments, at fair value (cost: 2019 - $481.5; 2018 - $482.3) 480.8 482.3
Total investments 5,127.0 4,787.0
Cash 145.1 139.2
Accrued investment income 27.7 27.2
Premiums receivable 740.3 649.9
Reinsurance recoverables 2,873.8 2,688.3
Goodwill 177.0 177.0
Intangible assets, net of accumulated amortization 92.2 93.5
Current income taxes receivable, net 0.2 8.2
Deferred acquisition costs, net 159.5 167.3
Ceded unearned premiums 603.8 457.7
Operating lease right-of-use assets 108.6  
Other assets 390.6 362.9
Total assets 10,445.8 9,558.2
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 4,842.5 4,654.6
Unearned premiums 1,495.5 1,300.9
Accrued underwriting expenses and other liabilities 283.9 261.9
Ceded reinsurance payable, net 1,175.7 970.5
Funds held 36.1 37.2
Senior unsecured fixed rate notes 139.9 139.8
Other indebtedness 181.4 183.4
Junior subordinated debentures 257.3 257.0
Deferred tax liabilities, net 19.9 6.2
Operating lease liabilities 120.2 0.0
Total liabilities 8,552.4 7,811.5
Commitments and contingencies (Note 14)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,629,710 and 45,276,999 shares issued at September 30, 2019 and December 31, 2018, respectively 45.6 45.3
Additional paid-in capital 1,373.2 1,372.0
Treasury shares (11,315,889 shares at September 30, 2019 and December 31, 2018, respectively) (455.1) (455.1)
Retained earnings 925.0 862.6
Accumulated other comprehensive income (loss), net of taxes 4.7 (78.1)
Total shareholders' equity 1,893.4 1,746.7
Total liabilities and shareholders' equity $ 10,445.8 $ 9,558.2
[1] Derived from audited consolidated financial statements.