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Unaudited Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Gross premiums written $ 800.3 $ 826.0 $ 1,663.8 $ 1,706.6
Premiums ceded (222.2) (222.3) (381.7) (330.4)
Net premiums written 578.1 603.7 1,282.1 1,376.2
Change in unearned premiums 24.8 42.7 (99.1) (161.3)
Net premiums earned 602.9 646.4 1,183.0 1,214.9
Net investment income 55.8 42.8 109.1 87.3
Net realized investment gains (losses) 74.5 (20.2) 93.4 24.8
Other income 5.2 0.9 5.7 1.9
Total revenues 738.4 669.9 1,391.2 1,328.9
EXPENSES:        
Net losses and loss expenses 365.4 431.5 737.8 756.7
Acquisition costs 87.4 100.6 175.7 179.3
General and administrative expenses 104.7 108.4 201.1 205.5
Other expenses 1.7 1.2 2.8 3.1
Amortization of intangible assets 2.5 2.8 5.0 3.4
Interest expense 19.9 14.5 39.8 28.8
Foreign exchange (gain) loss (2.9) 1.3 (5.9) 11.2
Total expenses 578.7 660.3 1,156.3 1,188.0
Income before income taxes 159.7 9.6 234.9 140.9
Income tax expense 6.3 0.1 7.4 7.1
NET INCOME 153.4 9.5 227.5 133.8
Other comprehensive gain (loss): foreign currency translation adjustment 0.1 (3.3) 3.3 (3.3)
COMPREHENSIVE INCOME $ 153.5 $ 6.2 $ 230.8 $ 130.5
PER SHARE DATA        
Basic earnings per share $ 1.73 $ 0.10 $ 2.54 $ 1.42
Diluted earnings per share $ 1.70 $ 0.10 $ 2.50 $ 1.40
Weighted average common shares outstanding 88,742,484 92,441,730 89,495,564 94,178,989
Weighted average common shares and common share equivalents outstanding 90,040,509 93,984,226 90,830,814 95,830,455
Dividends paid per share $ 0.26 $ 0.225 $ 0.52 $ 0.45