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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturity investments, at fair value (amortized cost: $2,519.4 and $2,662.2) $ 2,506.2 $ 2,738.6
Equity securities, at fair value (cost: $114.7 and $38.1) 116.1 40.9
Other investments (cost: $72.5 and $143.1) 80.1 138.5
Total investments 2,702.4 2,918.0
Cash and cash equivalents 438.7 330.8
Restricted cash 115.6 70.6
Reinsurance recoverable on unpaid losses 80.3 102.7
Reinsurance recoverable on paid losses 26.8 6.7
Insurance and reinsurance premiums receivable 341.3 222.9
Unearned reinsurance premiums ceded 48.9 22.2
Deferred insurance and reinsurance acquisition costs 60.2 48.4
Accrued investment income 14.7 15.2
Unsettled sales of investments 79.9 48.9
Other assets 26.9 23.7
Total Assets 3,935.7 3,810.1
Liabilities    
Loss and loss adjustment expense reserves 1,003.7 1,112.4
Debt 399.1 399.1
Unearned insurance and reinsurance premiums 413.9 270.1
Insurance and reinsurance balances payable 89.9 54.0
Liability for investment securities sold short 110.9 138.8
Unsettled purchases of investments 206.9 148.7
Accounts payable, accrued expenses and other liabilities 42.0 57.6
Total Liabilities 2,266.4 2,180.7
Commitments and Contingent Liabilities (See Note 10)      
Shareholders' Equity    
Non-cumulative preferred shares ("Preferred Shares") - issued 6,000,000 shares 150.0 150.0
Common Shares, at par value - issued 52,183,346 and 56,711,141 shares 0.1 0.1
Additional paid-in capital 942.2 1,056.0
Common Shares held in treasury, at cost: 1,163,239 and 1,441,451 shares (18.2) (23.1)
Retained earnings 502.4 449.7
Accumulated other comprehensive loss (6.5) (3.3)
Total Shareholders' Equity available to the Company 1,570.0 1,629.4
Non-controlling interest 99.3  
Total Shareholders' Equity 1,669.3 1,629.4
Total Liabilities and Shareholders' Equity $ 3,935.7 $ 3,810.1