Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

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

Revenue and income (loss) 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)	2021		2020		2021		2020
Revenue:
Earned premiums
U.S. Operations	$	323.5	$	298.7	$	952.4	$	902.8
International Operations	163.9		146.7		471.1		410.8
Run-off Lines	0.1		0.1		0.4		0.3
Total earned premiums	487.5		445.5		1,423.9		1,313.9
Net investment income
U.S. Operations	29.2		30.1		91.7		56.1
International Operations	12.3		9.9		38.2		19.0
Run-off Lines	0.9		1.5		2.8		2.8
Corporate and Other	3.7		0.5		10.5		1.1
Total net investment income	46.1		42.0		143.2		79.0
Net realized investment gains (losses)	(5.3)		(5.7)		32.5		(24.0)
Total revenue	$	528.3	$	481.8	$	1,599.6	$	1,368.9


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2021		2020		2021		2020
Income (loss) before income taxes
U.S. Operations	$	39.9	$	20.1	$	130.1	$	88.2
International Operations	6.9		(14.7)		14.6		(54.5)
Run-off Lines	(3.6)		(9.5)		(4.5)		(10.3)
Total segment income before taxes	43.2		(4.1)		140.2		23.4
Corporate and Other	(11.0)		(8.3)		(30.2)		(32.1)
Net realized investment and other gains (losses)	(5.3)		(5.7)		32.5		(24.0)
Foreign currency exchange losses	1.3		(8.4)		(4.4)		(13.6)
Total income (loss) before income taxes	$	28.2	$	(26.5)	$	138.1	$	(46.3)

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, 2021 and 2020. 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)	2021		2020		2021		2020
United States	$	322.7	$	299.1	$	949.7	$	900.2
United Kingdom	129.1		90.6		344.9		252.8
Bermuda	10.3		27.3		46.1		73.8
Malta	7.7		13.0		32.7		43.3
All other jurisdictions	17.7		15.5		50.5		43.8
Total earned premiums	$	487.5	$	445.5	$	1,423.9	$	1,313.9

Identifiable Assets

The following table represents identifiable assets:


(in millions)	September 30, 2021		December 31, 2020
U.S. Operations	$	5,841.6	$	6,032.2
International Operations	3,900.6		3,899.4
Run-off Lines	270.3		335.9
Corporate and Other	505.6		198.3
Total	$	10,518.1	$	10,465.8