Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
ASSETS:
Fixed maturity investments trading, at fair value (amortized cost: 2016: $7,311.5; 2015: $7,290.6)	$ 7,327.3	$ 7,201.5
Equity securities trading, at fair value (cost: 2016: $208.0; 2015: $395.3)	216.1	403.0
Other invested assets	941.7	966.7
Total investments	8,485.1	8,571.2
Cash and cash equivalents	773.8	608.0
Restricted cash	98.9	60.6
Insurance balances receivable	893.3	745.9
Funds held	263.9	640.8
Prepaid reinsurance	448.7	392.3
Reinsurance recoverable	1,550.7	1,480.0
Reinsurance recoverable on paid losses	129.1	96.4
Accrued investment income	37.2	38.3
Net deferred acquisition costs	157.7	165.2
Goodwill	392.8	388.1
Intangible assets	111.1	116.6
Balances receivable on sale of investments	20.3	36.9
Net deferred tax assets	26.3	24.4
Other assets	153.5	147.2
Total assets	13,542.4	13,511.9
LIABILITIES:
Reserve for losses and loss expenses	6,665.8	6,456.2
Unearned premiums	1,785.2	1,683.3
Reinsurance balances payable	258.4	214.4
Balances due on purchases of investments	242.4	125.1
Senior notes:
Principal amount	800.0	1,300.0
Less unamortized discount and debt issuance costs	6.0	7.1
Senior notes, net of unamortized discount and debt issuance costs	794.0	1,292.9
Other long-term debt	23.3	23.0
Accounts payable and accrued liabilities	157.4	184.5
Total liabilities	9,926.5	9,979.4
SHAREHOLDERS’ EQUITY:
Common shares: 2016 and 2015: par value CHF 4.10 per share (2016: 93,586,418; 2015: 95,523,230 shares issued and 2016: 86,974,284; 2015: 90,959,635 shares outstanding)	378.8	386.7
Treasury shares, at cost (2016: 6,612,134; 2015: 4,563,595)	(237.0)	(155.1)
Accumulated other comprehensive loss	(5.4)	(9.3)
Retained earnings	3,479.5	3,310.2
Total shareholders’ equity	3,615.9	3,532.5
Total liabilities and shareholders’ equity	$ 13,542.4	$ 13,511.9