XML 27 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Premiums and other revenue:        
Earned premiums $ 487.5 $ 445.5 $ 1,423.9 $ 1,313.9
Net investment income 46.1 42.0 143.2 79.0
Net realized investment gains (losses):        
Net realized investment gains (losses) 0.6 (5.7) 3.3 32.7
Change in fair value of equity securities (5.1) 10.5 30.7 (13.7)
Credit losses on fixed maturity securities (0.8) (10.5) (1.5) (43.0)
Net realized investment (losses) gains (5.3) (5.7) 32.5 (24.0)
Total revenue 528.3 481.8 1,599.6 1,368.9
Expenses:        
Losses and loss adjustment expenses 311.7 328.9 890.9 883.0
Underwriting, acquisition and insurance expenses 177.1 161.9 530.8 489.8
Non-operating expenses 8.2 3.0 20.9 9.8
Interest expense 5.5 6.9 16.3 21.7
Fee and other (income) expense, net (1.1) (0.8) (1.8) (2.7)
Foreign currency exchange (gains) losses (1.3) 8.4 4.4 13.6
Total expenses 500.1 508.3 1,461.5 1,415.2
Income (loss) before income taxes 28.2 (26.5) 138.1 (46.3)
Income tax provision (benefit) 5.8 (3.4) 16.1 6.9
Net income (loss) 22.4 (23.1) 122.0 (53.2)
Dividends on preferred shares 2.6 2.0 7.9 2.0
Net Income (Loss) Available to Common Stockholders, Diluted, Total 19.8 (25.1) 114.1 (55.2)
Net Income (Loss) Available to Common Stockholders, Basic, Total $ 19.8 $ (25.1) $ 114.1 $ (55.2)
Net income (loss) attributable to common shareholders per common share:        
Basic (in dollars per share) $ 0.57 $ (0.72) $ 3.28 $ (1.60)
Diluted (in dollars per share) 0.56 (0.72) 3.26 (1.60)
Cash dividend declared - common shares (in dollars per share) $ 0.31 $ 0.31 $ 0.93 $ 0.93
Weighted average common shares:        
Basic (in shares) 34,854,724 34,667,266 34,796,528 34,590,659
Diluted (in shares) 35,036,700 34,667,266 35,062,416 34,590,659