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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
[1]
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2020 - $3,688.6, 2019 - $3,605.0; allowance for expected credit losses: 2020 - $40.2) $ 3,707.4 $ 3,633.5
Equity securities, at fair value (cost: 2020 - $167.9; 2019 - $122.8) 147.5 124.4
Other investments (cost: 2020 - $384.6; 2019 - $482.5) 384.5 496.5
Short-term investments, at fair value (cost: 2020 - $611.8; 2019 - $844.8) 612.1 845.0
Total investments 4,851.5 5,099.4
Cash 187.7 137.8
Accrued investment income 23.4 25.7
Premiums receivable 800.2 688.2
Reinsurance recoverables 2,942.8 3,104.6
Goodwill 156.5 161.4
Intangible assets, net of accumulated amortization 91.1 91.8
Deferred tax asset, net 18.9 6.1
Deferred acquisition costs, net 153.5 160.2
Ceded unearned premiums 656.5 545.0
Operating lease right-of-use assets 87.2 91.8
Other assets 414.7 387.1
Assets held for sale 12.7 15.4
Total assets 10,396.7 10,514.5
Liabilities and Shareholders' Equity    
Reserves for losses and loss adjustment expenses 5,216.3 5,157.6
Unearned premiums 1,481.2 1,410.9
Accrued underwriting expenses and other liabilities 154.8 226.0
Ceded reinsurance payable, net 1,042.7 1,203.1
Funds held 66.7 50.6
Senior unsecured fixed rate notes 140.1 140.0
Other indebtedness 181.0 181.3
Junior subordinated debentures 257.6 257.4
Current income taxes payable, net 27.1 0.8
Operating lease liabilities 99.2 105.7
Total liabilities 8,666.7 8,733.4
Commitments and contingencies (Note 14)
Shareholders' equity:    
Common shares - $1.00 par, 500,000,000 shares authorized; 45,960,777 and 45,698,470 shares issued at June 30, 2020 and December 31, 2019, respectively 46.0 45.7
Additional paid-in capital 1,376.5 1,376.6
Treasury shares (11,315,889 shares at June 30, 2020 and December 31, 2019, respectively) (455.1) (455.1)
Retained earnings 756.7 811.1
Accumulated other comprehensive income, net of taxes 5.9 2.8
Total shareholders' equity 1,730.0 1,781.1
Total liabilities and shareholders' equity $ 10,396.7 $ 10,514.5
[1] Derived from audited consolidated financial statements.