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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities available-for-sale, at fair value (cost: $2,032.9 and $2,521.5, respectively; allowance for expected credit losses: $0.9 and $0.2, respectively) $ 2,068.9 $ 2,585.4
Equity securities, at fair value (cost: $396.3 and $11.7, respectively) 413.0 10.7
Other investments (cost: $577.4 and $311.0, respectively) 577.4 311.0
Short-term investments, at fair value (cost: $254.1 and $429.0, respectively) 254.4 429.5
Investments 4,094.8 3,481.2
Cash, restricted cash and cash equivalents 644.4 791.6
Accrued investment income 18.6 20.4
Premiums receivable 179.5 230.7
Reinsurance recoverables 3,053.2 2,959.3
Other intangible assets, net of accumulated amortization 139.3 180.6
Current income taxes receivable, net 21.6 53.1
Deferred tax asset, net 91.5 39.1
Deferred acquisition costs, net 52.1 7.2
Ceded unearned premiums 357.8 356.0
Operating lease right-of-use assets 47.6 51.2
Other assets 166.3 189.1
Value of business acquired, net of accumulated amortization 12.9 143.6
Total assets 8,879.6 8,503.1
Liabilities and Stockholders' Equity    
Reserves for losses and loss adjustment expenses 5,798.6 5,544.5
Unearned premiums 798.8 916.6
Accrued underwriting expenses and other liabilities 54.3 73.9
Ceded reinsurance payable, net 158.7 192.7
Funds held 44.6 57.3
Senior unsecured fixed rate notes 128.8 128.0
Junior subordinated debentures 243.2 241.2
Operating lease liabilities 49.1 51.4
Total liabilities 7,276.1 7,205.6
Commitments and contingencies
Stockholders' equity:    
Series A Preferred stock and additional paid-in capital ($1.00 par, 10,000 and 30,000,000 shares authorized, respectively; 6,000 shares issued; liquidation preference $25,000) 137.1 137.1
Common stock ($0.01 par and $1.00 par, respectively; 1,000 and 2,000,000,000 shares authorized, respectively; 13 and 1,056,638,730 shares issued, respectively) 0.0 1,056.6
Additional paid-in capital 1,592.4 51.1
Retained earnings (Accumulated deficit) (157.7) 0.9
Accumulated other comprehensive income, net of taxes 31.7 51.8
Total stockholders' equity 1,603.5 1,297.5
Total liabilities and stockholders' equity 8,879.6 8,503.1
Mortgage Loans    
Investments:    
Loans 208.2 144.6
Private Loans    
Investments:    
Loans $ 572.9 $ 0.0