Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

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)	2022		2021		2022		2021
Revenue:
Earned premiums
U.S. Operations	$	329.3	$	323.5	$	998.5	$	952.4
International Operations	125.2		163.9		390.7		471.1
Run-off Lines	0.5		0.1		0.7		0.4
Total earned premiums	455.0		487.5		1,389.9		1,423.9
Net investment income
U.S. Operations	23.1		29.2		68.7		91.7
International Operations	10.3		12.3		30.4		38.2
Run-off Lines	0.6		0.9		1.8		2.8
Corporate and Other	—		3.7		—		10.5
Total net investment income	34.0		46.1		100.9		143.2
Net investment and other gains (losses)	(44.7)		(5.3)		(119.6)		32.5
Total revenue	$	444.3	$	528.3	$	1,371.2	$	1,599.6


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Income (loss) before income taxes
U.S. Operations	$	26.6	$	39.9	$	113.5	$	130.1
International Operations	3.3		6.9		28.6		14.6
Run-off Lines	0.7		(3.6)		(1.9)		(4.5)
Total segment income before income taxes	30.6		43.2		140.2		140.2
Corporate and Other	(19.3)		(11.0)		(53.5)		(30.2)
Net investment and other gains (losses)	(44.7)		(5.3)		(119.6)		32.5
Foreign currency exchange gains (losses)	9.1		1.3		16.5		(4.4)
Impairment of goodwill	(28.5)		—		(28.5)		—
Total income (loss) before income taxes	$	(52.8)	$	28.2	$	(44.9)	$	138.1

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, 2022 and 2021. 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)	2022		2021		2022		2021
United States	$	329.8	$	322.7	$	999.2	$	949.7
United Kingdom	113.8		129.1		349.8		344.9
Bermuda	11.4		10.3		28.8		46.1
Malta	—		7.7		3.7		32.7
All other jurisdictions	—		17.7		8.4		50.5
Total earned premiums	$	455.0	$	487.5	$	1,389.9	$	1,423.9

Identifiable Assets

The following table represents identifiable assets:


(in millions)	September 30, 2022		December 31, 2021
U.S. Operations	$	5,597.1	$	5,800.1
International Operations	3,864.4		3,932.3
Run-off Lines	266.1		314.7
Corporate and Other	131.1		270.7
Total	$	9,858.7	$	10,317.8