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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Assets    
Fixed maturity investments, at fair value (amortized cost: $2,375.4 and $2,662.2) $ 2,384.7 $ 2,738.6
Equity securities, at fair value (cost: $115.4 and $38.1) 122.6 40.9
Other investments (cost: $70.8 and $143.1) 74.4 138.5
Total investments 2,581.7 2,918.0
Cash and cash equivalents 529.0 330.8
Restricted cash 130.3 70.6
Reinsurance recoverable on unpaid losses 73.7 102.7
Reinsurance recoverable on paid losses 7.4 6.7
Insurance and reinsurance premiums receivable 274.3 222.9
Unearned reinsurance premiums ceded 38.8 22.2
Deferred insurance and reinsurance acquisition costs 57.6 48.4
Accrued investment income 14.2 15.2
Unsettled sales of investments 244.9 48.9
Other assets 25.1 23.7
Total Assets 3,977.0 3,810.1
Liabilities    
Loss and loss adjustment expense reserves 961.1 1,112.4
Debt 399.1 399.1
Unearned insurance and reinsurance premiums 360.2 270.1
Insurance and reinsurance balances payable 65.6 54.0
Liability for investment securities sold short 103.3 138.8
Unsettled purchases of investments 334.0 148.7
Accounts payable, accrued expenses and other liabilities 59.2 57.6
Total Liabilities 2,282.5 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 50,948,153 and 56,711,141 shares 0.1 0.1
Additional paid-in capital 915.4 1,056.0
Common Shares held in treasury, at cost: 1,163,239 and 1,441,451 shares (18.2) (23.1)
Retained earnings 549.7 449.7
Accumulated other comprehensive loss (3.4) (3.3)
Total Shareholders' Equity available to the Company 1,593.6 1,629.4
Non-controlling interest 100.9  
Total Shareholders' Equity 1,694.5 1,629.4
Total Liabilities and Shareholders' Equity $ 3,977.0 $ 3,810.1