Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Revenue and Income (Loss) Before Income Taxes for Each Segment

Revenue and (loss) income before income taxes for each segment were as follows:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019
Revenue:
Earned premiums
U.S. Operations	$	298.7	$	290.8	$	902.8	$	848.6
International Operations	146.7		160.7		410.8		455.0
Run-off Lines	0.1		—		0.3		0.1
Total earned premiums	445.5		451.5		1,313.9		1,303.7
Net investment income
U.S. Operations	30.1		27.4		56.1		80.1
International Operations	9.9		10.7		19.0		31.3
Run-off Lines	1.5		1.7		2.8		4.4
Corporate and Other	0.5		0.4		1.1		1.1
Total net investment income	42.0		40.2		79.0		116.9
Fee and other income	1.7		1.9		5.8		6.3
Net realized investment (losses) gains	(5.7)		(6.2)		(21.7)		58.3
Total revenue	$	483.5	$	487.4	$	1,377.0	$	1,485.2


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019
Income (loss) before income taxes
U.S. Operations	$	20.1	$	42.2	$	88.2	$	138.3
International Operations	(14.7)		(52.9)		(54.5)		(57.7)
Run-off Lines	(10.2)		0.7		(11.0)		0.2
Total segment (loss) income before taxes	(4.8)		(10.0)		22.7		80.8
Corporate and Other	(6.9)		(7.9)		(25.1)		(30.1)
Net realized investment and other (losses) gains	(5.7)		(6.2)		(21.7)		58.3
Foreign currency exchange (losses) gains	(11.6)		1.6		(15.0)		6.2
Other corporate expenses	(0.4)		(3.7)		(6.2)		(11.7)
Total (loss) income before income taxes	$	(29.4)	$	(26.2)	$	(45.3)	$	103.5

Schedule of Earned Premiums by Geographic Location

The table below presents earned premiums by geographic location for the three and nine months ended September 30, 2020 and 2019. For this disclosure, we determine geographic location by the country of domicile of our subsidiaries that underwrite the business and not by the location of insureds or reinsureds from whom the business was generated.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2020		2019		2020		2019
United States	$	299.1	$	289.6	$	900.2	$	845.4
United Kingdom	90.6		101.9		252.8		295.6
Bermuda	27.3		24.3		73.8		60.1
Malta	13.0		21.3		43.3		62.3
All other jurisdictions	15.5		14.4		43.8		40.3
Total earned premiums	$	445.5	$	451.5	$	1,313.9	$	1,303.7

Identifiable Assets

The following table represents identifiable assets:


(in millions)	September 30, 2020		December 31, 2019
U.S. Operations	$	6,065.9	$	5,009.0
International Operations	4,140.8		5,002.4
Run-off Lines	334.9		356.9
Corporate and Other	192.7		146.2
Total	$	10,734.3	$	10,514.5