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Condensed Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Premiums and other revenue:        
Earned premiums $ 451.5 $ 446.9 $ 1,303.7 $ 1,279.3
Net investment income 40.2 34.5 116.9 103.7
Fee and other income 1.9 3.3 6.3 7.2
Net realized investment (losses) gains:        
Net realized investment gains 2.6 9.7 0.3 31.1
Change in fair value of equity securities (8.8) 4.5 58.0 (22.1)
Net realized investment (losses) gains (6.2) 14.2 58.3 9.0
Total revenue 487.4 498.9 1,485.2 1,399.2
Expenses:        
Losses and loss adjustment expenses 338.8 277.5 861.5 760.2
Underwriting, acquisition and insurance expenses 167.7 168.0 497.3 485.0
Interest expense 7.5 7.9 25.3 23.4
Fee and other expense 1.2 1.9 3.8 5.5
Foreign currency exchange gains (1.6) (1.7) (6.2) (2.3)
Total expenses 513.6 453.6 1,381.7 1,271.8
(Loss) income before income taxes (26.2) 45.3 103.5 127.4
Income tax (benefit) provision (1.1) 4.7 8.6 20.2
Net (loss) income $ (25.1) $ 40.6 $ 94.9 $ 107.2
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.73) $ 1.20 $ 2.78 $ 3.16
Diluted (in dollars per share) (0.73) 1.17 2.73 3.09
Dividend declared per common share (in dollars per share) $ 0.31 $ 0.27 $ 0.93 $ 0.81
Weighted average common shares:        
Basic (in shares) 34,299,999 33,956,695 34,161,016 33,921,632
Diluted (in shares) 34,299,999 34,656,328 34,769,622 34,688,843
Net realized investment (losses) gains before other-than-temporary impairment losses $ (1.2) $ 14.2 $ 70.1 $ 10.9
Other-than-temporary impairment losses recognized in earnings:        
Other-than-temporary impairment losses on fixed maturities (5.0) 0.0 (11.8) (1.9)
Impairment losses recognized in earnings $ (5.0) $ 0.0 $ (11.8) $ (1.9)