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Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:                      
Gross premiums written $ 632.3 $ 754.1 $ 826.0 $ 880.6 $ 565.7 $ 707.9 $ 760.4 $ 901.4 $ 3,093.0 $ 2,935.4 $ 2,738.7
Premiums ceded (167.5) (147.1) (222.3) (108.1) (137.9) (139.2) (206.5) (129.8) (645.0) (613.4) (618.2)
Net premiums written 464.8 607.0 603.7 772.5 427.8 568.7 553.9 771.6 2,448.0 2,322.0 2,120.5
Change in unearned premiums 158.0 43.7 42.7 (204.0) 145.7 (27.0) (16.7) (241.3) 40.4 (139.3) (114.6)
Net premiums earned 622.8 650.7 646.4 568.5 573.5 541.7 537.2 530.3 2,488.4 2,182.7 2,005.9
Net investment income 49.1 45.7 42.8 44.5 49.1 43.4 36.8 47.6 182.1 176.9 157.6
Net realized investment (losses) gains (38.8) (113.6) (20.2) 45.0 (15.4) (35.1) 85.3 54.2 (127.6) 89.0 59.5
Other income 1.0 0.7 0.9 0.9 1.1 1.0 0.0 0.0 3.5 2.1 0.0
Total revenues 634.1 583.5 669.9 658.9 608.3 551.0 659.3 632.1 2,546.4 2,450.7 2,223.0
EXPENSES:                      
Net losses and loss expenses 412.7 416.9 431.5 325.2 273.0 336.1 314.9 275.3 1,586.3 1,199.2 1,123.2
Acquisition costs 96.0 100.1 100.6 78.7 80.7 72.4 74.3 67.7 375.4 295.1 252.7
General and administrative expenses 95.0 105.8 108.4 97.1 100.9 88.3 96.2 80.3 406.3 365.7 352.3
Other expense 1.9 1.3 1.2 1.8 2.0 6.6 0.0 0.0 6.2 8.6 0.0
Amortization and impairment of intangible assets 3.7 2.7 2.8 0.6 0.6 0.6 0.7 0.6 9.8 2.5 2.5
Interest expense 18.1 14.5 14.5 14.3 14.3 14.3 14.6 14.5 61.4 57.8 56.5
Foreign exchange loss 0.9 (0.8) 1.3 9.9 0.0 0.3 0.7 0.0 11.3 1.0 8.0
Total expenses 628.3 640.5 660.3 527.6 471.5 518.6 501.4 438.4 2,456.7 1,929.9 1,795.2
Income before income taxes 5.8 (57.0) 9.6 131.3 136.8 32.4 157.9 193.7 89.7 520.8 427.8
Income tax expense 4.0 (5.3) 0.1 7.0 6.2 1.5 6.2 16.6 5.8 30.5 9.8
NET INCOME $ 1.8 $ (51.7) $ 9.5 $ 124.3 $ 130.6 $ 30.9 $ 151.7 $ 177.1 83.9 490.3 418.0
Other comprehensive loss:                      
Other comprehensive loss: foreign currency translation adjustment, net of tax                 (9.3) 0.0 0.0
COMPREHENSIVE INCOME                 $ 74.6 $ 490.3 $ 418.0
PER SHARE DATA                      
Basic earnings per share $ 0.02 $ (0.57) $ 0.10 $ 1.30 $ 1.35 $ 0.32 $ 1.55 $ 1.78 $ 0.91 $ 5.03 $ 4.08
Diluted earnings per share $ 0.02 $ (0.57) $ 0.10 $ 1.27 $ 1.33 $ 0.31 $ 1.52 $ 1.74 $ 0.89 $ 4.92 $ 3.98
Weighted average common shares outstanding 90,934,107 90,882,511 92,441,730 95,935,551 96,386,796 96,458,231 97,809,639 99,545,187 92,530,208 97,538,319 102,464,715
Weighted average common shares and common share equivalents outstanding 92,422,422 90,882,511 93,984,226 97,577,029 98,394,432 98,444,238 99,724,802 101,584,662 94,174,460 99,591,773 104,865,834
Dividends paid per share                 $ 1.23 $ 0.784 $ 0.458