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Condensed Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Premiums and other revenue:    
Earned premiums $ 435.0 $ 420.5
Net investment income 35.5 33.9
Fee and other income 2.1 2.3
Net realized investment (losses) gains:    
Net realized investment gains (losses) 27.9 (1.7)
Change in fair value of equity securities (39.3) 54.2
Credit losses on fixed maturity securities (24.7) 0.0
Net realized investment (losses) gains (36.1) 52.5
Total revenue 436.5 509.2
Expenses:    
Losses and loss adjustment expenses 280.9 237.9
Underwriting, acquisition and insurance expenses 168.0 160.2
Other corporate expenses 3.3 0.5
Interest expense 7.7 8.5
Fee and other expense 1.2 1.3
Foreign currency exchange (gains) loss (3.0) 0.7
Total expenses 458.1 409.1
(Loss) income before income taxes (21.6) 100.1
Income tax (benefit) provision (2.8) 8.9
Net (loss) income $ (18.8) $ 91.2
Net (loss) income per common share:    
Basic (in dollars per share) $ (0.55) $ 2.68
Diluted (in dollars per share) (0.55) 2.63
Dividends declared per common share (in dollars per share) $ 0.31 $ 0.31
Weighted average common shares:    
Basic (in shares) 34,469,516 33,984,329
Diluted (in shares) 34,469,516 34,737,939
Net realized investment (losses) gains before other-than-temporary impairment losses $ (36.1) $ 56.8
Other-than-temporary impairment losses recognized in earnings:    
Other-than-temporary impairment losses on fixed maturities 0.0 (4.3)
Impairment losses recognized in earnings 0.0 (4.3)
Net realized investment (losses) gains $ 27.9 $ (1.7)