XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Premiums and other revenue:    
Net earned premiums $ 313.7 $ 389.9
Net investment income 58.8 29.7
Net investment and other gains (losses):    
Net realized investment and other gains (losses) 6.2 (21.1)
Change in fair value recognized 0.0 3.3
Change in allowance for credit losses on fixed maturity securities 0.0 (0.1)
Total net investment and other gains (losses) 6.2 (17.9)
Total revenue 378.7 401.7
Expenses:    
Losses and loss adjustment expenses 220.0 284.6
Underwriting, acquisition and general expenses 117.1 137.0
Non-operating expenses 7.7 11.6
Interest expense 8.7 8.5
Fee and other (income) expense, net 0.0 (0.4)
Foreign currency exchange (gains) losses (2.0) 2.7
Total expenses 351.5 444.0
Income (loss) before income taxes 27.2 (42.3)
Income tax provision (benefit) 1.6 (8.5)
Net income (loss) 25.6 (33.8)
Dividends on Series A Preferred stock 2.6 2.6
Net income (loss) attributable to common stockholders 23.0 (36.4)
Net income (loss) attributable to common stockholders $ 23.0 $ (36.4)
Net income (loss) attributable to common stockholders per share of common stock:    
Basic (in dollars per share)   $ (1.04)
Diluted (in dollars per share)   (1.04)
Dividend declared per common share (in dollars per share)   $ 0
Weighted average common stock:    
Basic (in shares)   35,099,968
Diluted (in shares)   35,099,968