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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Premiums and other revenue:        
Earned premiums $ 455.0 $ 487.5 $ 1,389.9 $ 1,423.9
Net investment income 34.0 46.1 100.9 143.2
Net investment and other gains (losses):        
Net realized investment and other gains (losses) (42.3) 0.6 (119.2) 3.3
Change in fair value recognized (1.1) (5.1) 2.5 30.7
Change in allowance for credit losses on fixed maturity securities (1.3) (0.8) (2.9) (1.5)
Total 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
Expenses:        
Losses and loss adjustment expenses 298.8 311.7 858.4 890.9
Underwriting, acquisition and insurance expenses 161.0 177.1 494.9 530.8
Non-operating expenses 11.0 8.2 33.9 20.9
Interest expense 6.8 5.5 18.7 16.3
Fee and other (income) expense, net 0.1 (1.1) (1.8) (1.8)
Foreign currency exchange (gains) losses (9.1) (1.3) (16.5) 4.4
Impairment of goodwill and intangibles 28.5 0.0 28.5 0.0
Total expenses 497.1 500.1 1,416.1 1,461.5
Income (loss) before income taxes (52.8) 28.2 (44.9) 138.1
Income tax provision (benefit) (4.0) 5.8 21.1 16.1
Net income (loss) (48.8) 22.4 (66.0) 122.0
Dividends on preferred shares 2.6 2.6 7.9 7.9
Net income (loss) attributable to common shareholders (51.4) 19.8 (73.9) 114.1
Net Loss attributable to common shareholders, basic $ (51.4) $ 19.8 $ (73.9) $ 114.1
Net income (loss) attributable to common shareholders per common share:        
Basic (in dollars per share) $ (1.47) $ 0.57 $ (2.11) $ 3.28
Diluted (in dollars per share) (1.47) 0.56 (2.11) 3.26
Dividend declared per common share (in dollars per share) $ 0.31 $ 0.31 $ 0.93 $ 0.93
Weighted average common shares:        
Basic (in shares) 35,014,182 34,852,274 34,955,787 34,794,078
Diluted (in shares) 35,014,182 35,034,250 34,955,787 35,059,966