XML 125 R88.htm IDEA: XBRL DOCUMENT v3.22.4
Reserves for Losses and Loss Adjustment Expenses - Reserves for Losses and Loss Adjustment Expenses (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]      
Net reserves beginning of the year $ 3,123.2 $ 2,906.1 $ 2,722.7
Net Ariel Indemnity Limited reserves acquired 0.0 0.0 27.9
Losses and LAE incurred during current calendar year, net of reinsurance:      
Current accident year 1,102.2 1,176.3 1,201.1
Prior accident years 64.7 138.3 7.7
Losses and LAE incurred during calendar year, net of reinsurance 1,166.9 1,314.6 1,208.8
Losses and LAE payments made during current calendar year, net of reinsurance:      
Current accident year 171.5 180.8 253.4
Prior accident years 828.0 688.4 866.4
Losses and LAE payments made during current calendar year, net of reinsurance: 999.5 869.2 1,119.8
Less:      
Divestitures 35.2 0.0 0.0
Reclassified to liabilities held-for-sale 313.0 0.0 0.0
Net reserves ceded to Syndicate 1200 (2) 129.6 0.0 0.0
Loss portfolio transfer:      
Reinsurance to close transaction (for years of account 2017 and prior) 0.0 219.7 0.0
Total deductions 1,094.4 219.7 0.0
Change in participation interest 34.3 8.4 32.8
Foreign exchange adjustments (17.4) (17.0) 33.7
Net reserves - end of year 2,213.1 3,123.2 2,906.1
Reinsurance recoverables on unpaid losses and LAE, end of year 2,838.5 2,471.8 2,499.9
Reserves for losses and loss adjustment expenses 5,051.6 5,595.0 5,406.0
United States (Federal)      
Loss portfolio transfer:      
Loss portfolio transfer (for years of account 2019 and 2018) 472.6 0.0 0.0
Syndicate 1200      
Loss portfolio transfer:      
Loss portfolio transfer (for years of account 2019 and 2018) $ 144.0 $ 0.0 $ 0.0