XML 89 R51.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Revenue and Income (Loss) Before Income Taxes for Each Segment
Revenue and income before income taxes for each segment were as follows:
 For the Years Ended December 31,
(in millions)202120202019
Revenue:   
Earned premiums   
U.S. Operations$1,283.7 $1,207.6 $1,119.9 
International Operations625.8 572.5 609.6 
Run-off Lines0.6 0.4 0.2 
Total earned premiums1,910.1 1,780.5 1,729.7 
Net investment income   
U.S. Operations119.4 80.3 100.0 
International Operations50.6 26.7 44.2 
Run-off Lines3.6 4.0 5.7 
Corporate and Other14.0 1.7 1.2 
Total net investment income187.6 112.7 151.1 
Net realized investment gains (losses) 32.6 (3.6)80.1 
Total revenue$2,130.3 $1,889.6 $1,960.9 
 For the Years Ended December 31,
(in millions)202120202019
Income (loss) before income taxes   
U.S. Operations$61.1 $113.1 $139.3 
International Operations64.1 (75.3)(121.4)
Run-off Lines(41.5)(9.6)(9.8)
Total segment income before taxes 83.7 28.2 8.1 
Corporate and Other(22.5)(34.5)(44.8)
Net realized investment and other gains (losses) 32.6 (3.6)80.1 
Foreign currency exchange losses(1.6)(15.4)9.8 
Impairment of intangibles(43.2)— (15.6)
Non-operating expense(43.7)(21.1)(37.6)
Total income (loss) before income taxes$5.3 $(46.4)$— 
Schedule of Earned Premiums by Geographic Location
The table below presents earned premiums by geographic location for the years ended December 31, 2021, 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 Years Ended December 31,
(in millions)202120202019
United States$1,277.0 $1,205.0 $1,115.8 
United Kingdom475.3 361.1 391.5 
Bermuda54.8 96.5 80.7 
Malta35.4 59.5 85.0 
All other jurisdictions67.6 58.4 56.7 
Total earned premiums$1,910.1 $1,780.5 $1,729.7 
Identifiable Assets
The following table represents identifiable assets:
 December 31,
(in millions)20212020
U.S. Operations$5,800.1 $5,915.5 
International Operations3,932.3 3,911.9 
Run-off Lines314.7 337.3 
Corporate and Other270.7 301.1 
Total$10,317.8 $10,465.8 
Schedule of Goodwill and Intangible Assets Net of Accumulated Amortization
The following table represents goodwill and intangible assets, net of accumulated amortization, as of December 31, 2021 and 2020:
GoodwillIntangible Assets, Net of
Accumulated Amortization
(in millions)2021202020212020
U.S. Operations$118.6 $118.6 $— $— 
International Operations28.7 28.7 17.3 60.5 
Total$147.3 $147.3 $17.3 $60.5