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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2019 - $3,605.0; 2018 - $3,529.1) $ 3,633.5 $ 3,460.4
Equity securities, at fair value (cost: 2019 - $122.8; 2018 - $310.6) 124.4 354.5
Other investments (cost: 2019 - $482.5; 2018 - $482.0) 496.5 489.8
Short-term investments, at fair value (cost: 2019 - $844.8; 2018 - $482.3) 845.0 482.3
Total investments 5,099.4 4,787.0
Cash 137.8 139.2
Accrued investment income 25.7 27.2
Premiums receivable 688.2 649.9
Reinsurance recoverables 3,104.6 2,688.3
Goodwill 161.4 177.0
Intangible assets, net of accumulated amortization 91.8 93.5
Current income taxes receivable, net 0.0 8.2
Deferred tax asset, net 6.1 0.0
Deferred acquisition costs, net 160.2 167.3
Ceded unearned premiums 545.0 457.7
Operating leases right-of-use assets 91.8  
Other assets 387.1 362.9
Assets held for sale 15.4 0.0
Total assets 10,514.5 9,558.2
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 5,157.6 4,654.6
Unearned premiums 1,410.9 1,300.9
Accrued underwriting expenses and other liabilities 226.0 261.9
Ceded reinsurance payable, net 1,203.1 970.5
Funds held 50.6 37.2
Senior unsecured fixed rate notes 140.0 139.8
Other indebtedness 181.3 183.4
Junior subordinated debentures 257.4 257.0
Current income taxes payable, net 0.8 0.0
Deferred tax liabilities, net 0.0 6.2
Operating lease liabilities 105.7  
Total liabilities 8,733.4 7,811.5
Commitments and contingencies (Note 17)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,698,470 and 45,276,999 shares issued at December 31, 2019 and December 31, 2018, respectively 45.7 45.3
Additional paid-in capital 1,376.6 1,372.0
Treasury shares (11,315,889 shares at December 31, 2019 and December 31, 2018, respectively) (455.1) (455.1)
Retained earnings 811.1 862.6
Accumulated other comprehensive income (loss), net of taxes 2.8 (78.1)
Total shareholders' equity 1,781.1 1,746.7
Total liabilities and shareholders' equity $ 10,514.5 $ 9,558.2