Common Shareholders' Equity

9 Months Ended

Sep. 30, 2012

Common Shareholders' Equity

Common Shareholders' Equity

NOTE 13. Common Shareholders’ Equity

Additional Paid in Capital

On January 24, 2012, OneBeacon sold the issued and outstanding shares of common stock of OB Lux to White Sands for $24.7 million. During the three months ended March 31, 2012, OneBeacon recorded a gain of $14.0 million as additional paid in capital. Net of transaction costs which were expensed through the statement of operations, the gain was $13.6 million.

Dividends on Common Shares

During the nine months ended September 30, 2012, the Company declared and paid cash dividends totaling $60.0 million, or $0.63 per common share, of regular quarterly cash dividends. During the nine months ended September 30, 2011, the Company declared and paid cash dividends totaling $154.8 million, or $1.63 per common share, including $59.7 million, or $0.63 per common share, of regular quarterly cash dividends and $95.1 million, or $1.00 per common share, of a special dividend.

Other Comprehensive Income impact from Pension Settlement

As a result of the partial settlement and re-measurement discussed in Note 8, the Company recognized a pre-tax loss of $3.7 million through other comprehensive income in the three and nine months ended September 30, 2012.