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Condensed Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Premiums and other revenue:        
Earned premiums $ 433.4 $ 431.7 $ 868.4 $ 852.2
Net investment income 1.5 42.8 37.0 76.7
Fee and other income 2.0 2.1 4.1 4.4
Net realized investment gains (losses):        
Net realized investment gains (losses) 11.1 (0.6) 39.0 (2.3)
Change in fair value of equity securities 16.8 12.6 (22.5) 66.8
Credit losses on fixed maturity securities (7.8) 0.0 (32.5) 0.0
Net realized investment gains (losses) 20.1 12.0 (16.0) 64.5
Total revenue 457.0 488.6 893.5 997.8
Expenses:        
Losses and loss adjustment expenses 273.2 284.8 554.1 522.7
Underwriting, acquisition and insurance expenses 161.4 161.4 329.4 321.6
Other corporate expenses 2.5 7.5 5.8 8.0
Interest expense 6.8 9.3 14.5 17.8
Fee and other expense 1.0 1.3 2.2 2.6
Foreign currency exchange losses (gains) 6.4 (5.3) 3.4 (4.6)
Total expenses 451.3 459.0 909.4 868.1
Income (loss) before income taxes 5.7 29.6 (15.9) 129.7
Income tax provision 12.1 0.8 9.3 9.7
Net (loss) income $ (6.4) $ 28.8 $ (25.2) $ 120.0
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.18) $ 0.84 $ (0.73) $ 3.52
Diluted (in dollars per share) (0.18) 0.83 (0.73) 3.45
Dividends declared per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.62 $ 0.62
Weighted average common shares:        
Basic (in shares) 34,634,353 34,195,250 34,551,935 34,090,372
Diluted (in shares) 34,634,353 34,779,991 34,551,935 34,759,548
Net realized investment gains (losses) before other-than-temporary impairment losses $ 20.1 $ 14.5 $ (16.0) $ 71.3
Other-than-temporary impairment losses recognized in earnings:        
Other-than-temporary impairment losses on fixed maturities 0.0 (2.5) 0.0 (6.8)
Impairment losses recognized in earnings 0.0 (2.5) 0.0 (6.8)
Net realized investment gains (losses) $ 11.1 $ (0.6) $ 39.0 $ (2.3)