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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income Tax Provision (Benefit) Expense
The following table presents the components of income tax provision (benefit) included in the amounts reported in our consolidated financial statements:
 For the Years Ended December 31,
(in millions)202220212020
Current income tax provision (benefit) related to:
United States (Federal)$(21.0)$35.4 $28.0 
United States (State)$0.1 $2.4 $1.4 
United Kingdom(0.8)(2.2)(0.1)
Other jurisdictions(1.7)1.6 — (1)
Total current income tax provision(23.4)37.2 29.3 
Deferred income tax provision (benefit) related to:
United States6.0 (26.3)(5.1)
United Kingdom7.3 (12.3)(16.6)
Other jurisdictions2.1 — 0.1 
Total deferred income tax (benefit)15.4 (38.6)(21.6)
Income tax provision (benefit)$(8.0)$(1.4)$7.7 
(1) Tax expense for the respective year was less than $0.1 million.
Schedule of Earned Premiums by Geographic Location For the years ended December 31, 2022, 2021 and 2020, pre-tax income (loss) attributable to our operations and the operations’ effective tax rates were as follows:
(in millions)202220212020
 Pre-Tax
Income (Loss)
 
Effective
Tax
Rate		Pre-Tax
Income (Loss)		 Effective
Tax
Rate		Pre-Tax
Income (Loss)		 Effective
Tax
Rate
Bermuda$(76.0)— %$(18.0)— %$(56.2)— %
United States(83.2)17.9 %65.6 18.1 %103.3 22.7 %
United Kingdom23.4 27.9 %(61.1)24.4 %(100.6)15.7 %
Barbados(4.5)— %— (1)— %— (1)— %
Belgium— — %— — %0.2 30.7 %
Brazil(0.1)(422.4)%15.3 10.4 %3.9 — %
United Arab Emirates1.4 — %1.4 — %2.1 — %
Ireland (39.1)— %(0.2)— %1.8 — %
Italy(0.9)(4.8)%1.4 — %0.6 — %
Malta(4.2)— %0.9 — %(1.4)— %
Switzerland— (1)— %— (1)— %(0.1)— %
Pre-tax income (loss)$(183.2)4.3 %$5.3 (26.4)%$(46.4)(16.6)%
(1) Pre-tax income for the respective year was less than $0.1 million.
Reconciliation of Difference Between Provision for Income Taxes and Expected Tax Provision at Weighted Average Tax Rate A reconciliation of the difference between the provision for income taxes and the expected tax provision (benefit) at the weighted average tax rate is as follows:
 For the Years Ended December 31,
(in millions)202220212020
Income tax provision (benefit) at expected rate$(14.7)$9.8 $4.0 
Tax effect of:
Nontaxable investment income(0.4)(0.5)(0.7)
Foreign exchange adjustments(2.1)(0.7)1.6 
Impairment of goodwill5.4 8.2 1.0 
Withholding taxes2.7 0.1 0.1 
Change in uncertain tax position liability(1.4)(4.5)0.7 
Change in valuation allowance(7.6)(0.7)0.5 
Impact of change in tax rate related to Finance Act 20211.7 (8.3)— 
Brazil Premiums and Underwriting0.3 (5.3)— 
Sale of Brazil and Malta Operations6.6 — — 
Other1.5 0.5 0.5 
Income tax provision (benefit) $(8.0)$(1.4)$7.7 
Schedule of Net Deferred Tax Liability Comprises Tax Effect Related to Assets and Liabilities
The net deferred tax asset (liability) comprises the tax effects of temporary differences related to the following assets and liabilities:
 December 31,
(in millions)20222021
Deferred tax assets:
Losses and loss adjustment expense reserve discounting$31.4 $35.4 
Unearned premiums26.5 27.0 
Net operating loss carryforwards26.5 31.6 
Investment in limited partnership interests14.0 21.1 
Unrealized losses on equity securities8.2 8.6 
Unrealized losses on fixed maturities and other investment securities63.6 — 
Right of use assets12.8 13.5 
Accrued bonus6.9 5.8 
Stock option expense0.9 1.1 
United Kingdom underwriting results— 28.1 
Other6.2 10.6 
Deferred tax assets, gross197.0 182.8 
Deferred tax liabilities:
Unrealized gains on fixed maturities and other investment securities— (4.8)
Unrealized gains on limited partnership interests(25.3)(26.3)
Investments(5.8)(5.1)
Depreciable fixed assets(7.1)(7.9)
Deferred acquisition costs(23.0)(21.3)
Lease liability(11.0)(12.2)
TCJA reserve transitional liability(1.6)(2.1)
Other(1.7)(1.6)
Deferred tax liabilities, gross(75.5)(81.3)
Deferred tax assets, net before valuation allowance$121.5 $101.5 
Valuation allowance(20.3)(27.9)
Deferred tax asset (liabilities), net$101.2 $73.6 
Net deferred tax assets (liabilities) - Other jurisdictions$— $35.0 
Net deferred tax assets (liabilities) - United States101.2 38.6 
Deferred tax asset (liabilities), net$101.2 $73.6 
Schedule of Net Operating Loss Carryforwards Amounts by Jurisdiction and Year of Expiration The NOL amounts by jurisdiction and year of expiration are as follows:
(in millions)December 31, 2022Expiration
Net operating loss carryforwards by jurisdiction:
Italy46.1 Indefinite
United States37.8 2025 - 2037
Schedule of Unrecognized Tax Benefits
The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2022 and 2021:
(in millions)20222021
Balance at January 1$3.6 $8.2 
Additions for tax positions of prior years3.0 — 
Reductions for tax positions of prior years(1.4)(0.3)
Reductions based on settlements with taxing authorities— (2.8)
Expiration of statute of limitations(0.6)(1.5)
Balance at December 31$4.6 $3.6