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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
[1]
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2020 - $3,634.4, 2019 - $3,605.0; allowance for expected credit losses: 2020 - $31.6) $ 3,523.5 $ 3,633.5
Equity securities, at fair value (cost: 2020 - $170.6; 2019 - $122.8) 132.9 124.4
Other investments (cost: 2020 - $422.5; 2019 - $482.5) 422.4 496.5
Short-term investments, at fair value (cost: 2020 - $732.7; 2019 - $844.8) 732.6 845.0
Total investments 4,811.4 5,099.4
Cash 158.7 137.8
Accrued investment income 23.2 25.7
Premiums receivable 739.1 688.2
Reinsurance recoverables 2,820.9 3,104.6
Goodwill 161.4 161.4
Intangible assets, net of accumulated amortization 91.5 91.8
Deferred tax asset, net 44.5 6.1
Deferred acquisition costs, net 158.0 160.2
Ceded unearned premiums 652.9 545.0
Operating lease right-of-use assets 89.1 91.8
Other assets 435.4 387.1
Assets held for sale 15.2 15.4
Total assets 10,201.3 10,514.5
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 5,067.6 5,157.6
Unearned premiums 1,460.0 1,410.9
Accrued underwriting expenses and other liabilities 185.3 226.0
Ceded reinsurance payable, net 1,094.8 1,203.1
Funds held 60.0 50.6
Senior unsecured fixed rate notes 140.0 140.0
Other indebtedness 180.0 181.3
Junior subordinated debentures 257.5 257.4
Current income taxes payable, net 17.7 0.8
Operating lease liabilities 101.6 105.7
Total liabilities 8,564.5 8,733.4
Commitments and contingencies (Note 14)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,867,812 and 45,698,470 shares issued at March 31, 2020 and December 31, 2019, respectively 45.9 45.7
Additional paid-in capital 1,374.2 1,376.6
Treasury shares (11,315,889 shares at March 31, 2020 and December 31, 2019, respectively) (455.1) (455.1)
Retained earnings 773.7 811.1
Accumulated other comprehensive (loss) income, net of taxes (101.9) 2.8
Total shareholders' equity 1,636.8 1,781.1
Total liabilities and shareholders' equity $ 10,201.3 $ 10,514.5
[1] Derived from audited consolidated financial statements.