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Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Premiums and other revenue:      
Earned premiums $ 1,740.4 $ 1,910.1 $ 1,780.5
Net investment income 129.8 187.6 112.7
Net investment and other gains (losses):      
Net realized investment and other gains (losses) (115.9) 72.4 26.0
Change in fair value recognized 3.1 (40.4) 10.3
Change in allowance for credit losses on fixed maturity securities (2.5) 0.6 (39.9)
Total net investment and other gains (losses) (115.3) 32.6 (3.6)
Total revenue 1,754.9 2,130.3 1,889.6
Expenses:      
Losses and loss adjustment expenses 1,166.9 1,314.6 1,208.8
Underwriting, acquisition and insurance expenses 670.7 702.3 667.7
Non-operating expenses 51.5 43.7 21.1
Interest expense 26.8 21.6 26.9
Fee and other (income) expense, net (1.3) (2.0) (3.9)
Foreign currency exchange (gains) losses (5.0) 1.6 15.4
Impairment of goodwill and intangibles 28.5 43.2 0.0
Total expenses 1,938.1 2,125.0 1,936.0
Income (loss) before income taxes (183.2) 5.3 (46.4)
Income tax provision (benefit) (8.0) (1.4) 7.7
Net income (loss) (175.2) 6.7 (54.1)
Dividends on preferred shares 10.5 10.5 4.6
Net income (loss) attributable to common shareholders, diluted (185.7) (3.8) (58.7)
Net income (loss) attributable to common shareholders, basic $ (185.7) $ (3.8) $ (58.7)
Net income (loss) attributable to common shareholders per common share:      
Basic (in dollars per share) $ (5.31) $ (0.11) $ (1.70)
Diluted (in dollars per share) (5.31) (0.11) (1.70)
Dividend declared per common share (in dollars per share) $ 1.24 $ 1.24 $ 1.24
Weighted average common shares:      
Basic (in shares) 34,980,608 34,816,160 34,614,813
Diluted (in shares) 34,980,608 34,816,160 34,614,813
Other-than-temporary impairment losses recognized in earnings:      
Net realized investment gains (losses) before other-than-temporary impairment losses $ (79.2) $ 32.6 $ (3.6)
Other-than-temporary impairment losses on fixed maturities (36.1) 0.0 0.0
Investment impairment losses recognized in earnings $ (36.1) $ 0.0 $ 0.0