Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
ASSETS:
Fixed maturity investments trading, at fair value (amortized cost: 2016: $7,595.1; 2015: $7,290.6)	$ 7,568.1	$ 7,201.5
Equity securities trading, at fair value (cost: 2016: $209.4; 2015: $395.3)	202.0	403.0
Other invested assets	940.3	966.7
Total investments	8,710.4	8,571.2
Cash and cash equivalents	772.0	608.0
Restricted cash	87.4	60.6
Insurance balances receivable	885.4	745.9
Funds held	353.2	640.8
Prepaid reinsurance	380.3	392.3
Reinsurance recoverable	1,512.0	1,480.0
Reinsurance recoverable on paid losses	82.7	96.4
Accrued investment income	40.1	38.3
Net deferred acquisition costs	186.9	165.2
Goodwill	389.7	388.1
Intangible assets	115.7	116.6
Balances receivable on sale of investments	24.6	36.9
Net deferred tax assets	25.0	24.4
Other assets	162.6	147.2
Total assets	13,728.0	13,511.9
LIABILITIES:
Reserve for losses and loss expenses	6,575.1	6,456.2
Unearned premiums	1,796.9	1,683.3
Reinsurance balances payable	221.6	214.4
Balances due on purchases of investments	148.0	125.1
Principal amount	1,300.0	1,300.0
Less unamortized discount and debt issuance costs	6.7	7.1
Senior notes	1,293.3	1,292.9
Other long-term debt	23.3	23.0
Accounts payable and accrued liabilities	134.4	184.5
Total liabilities	10,192.6	9,979.4
SHAREHOLDERS’ EQUITY:
Common shares: 2016 and 2015: par value CHF 4.10 per share (2016: 94,062,342; 2015: 95,523,230 shares issued and 2016: 89,840,448; 2015: 90,959,635 shares outstanding)	375.1	386.7
Treasury shares, at cost (2016: 4,221,894; 2015: 4,563,595)	(146.3)	(155.1)
Accumulated other comprehensive loss	(6.2)	(9.3)
Retained earnings	3,312.8	3,310.2
Total shareholders’ equity	3,535.4	3,532.5
Total liabilities and shareholders’ equity	$ 13,728.0	$ 13,511.9