XML 52 R68.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidating Financial Information (Consolidating Statement of Operations and Comprehensive (Loss)) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Earned premiums $ 276.5 $ 286.5
Net investment income (expense) 10.0 9.4
Net realized and change in unrealized investment gains 18.9 28.4
Net other revenues 1.0 24.0
Total revenues 306.4 348.3
Expenses    
Loss and loss adjustment expenses 149.4 148.9
Policy acquisition expenses 46.7 54.8
Other underwriting expenses 49.4 49.3
General and administrative expenses 3.3 4.0
Interest expense 3.2 3.2
Total expenses 252.0 260.2
Pre-tax (loss) income from continuing operations 54.4 88.1
Income tax expense (6.5) (19.8)
Net income from continuing operations 47.9 68.3
Net income (loss) from discontinued operations attributable to OneBeacon's common shareholders (0.5) 0.5
(Loss) income before equity in (losses) earnings of unconsolidated affiliates 47.4 68.8
Equity in earnings of subsidiaries, net of tax 0 0
Net income, including noncontrolling interests 47.4 68.8
Less: Net income attributable to noncontrolling interests (0.4) (0.4)
Net income attributable to OneBeacon's common shareholders 47.0 68.4
Net change in benefit plan assets and obligations, net of tax 0 0.1
Comprehensive income attributable to OneBeacon's common shareholders 47.0 68.5
The Company (guarantor)
   
Revenues    
Earned premiums 0 0
Net investment income (expense) 0 0
Net realized and change in unrealized investment gains 0 0
Net other revenues 0 0
Total revenues 0 0
Expenses    
Loss and loss adjustment expenses 0 0
Policy acquisition expenses 0 0
Other underwriting expenses 0 0
General and administrative expenses 1.6 1.0
Interest expense 0 0
Total expenses 1.6 1.0
Pre-tax (loss) income from continuing operations (1.6) (1.0)
Income tax expense 0 0.1
Net income from continuing operations (1.6) (0.9)
Net income (loss) from discontinued operations attributable to OneBeacon's common shareholders 0 0
(Loss) income before equity in (losses) earnings of unconsolidated affiliates (1.6) (0.9)
Equity in earnings of subsidiaries, net of tax 48.6 69.3
Net income, including noncontrolling interests 47.0 68.4
Less: Net income attributable to noncontrolling interests 0 0
Net income attributable to OneBeacon's common shareholders 47.0 68.4
Net change in benefit plan assets and obligations, net of tax 0 0.1
Comprehensive income attributable to OneBeacon's common shareholders 47.0 68.5
Non-guarantor subsidiaries
   
Revenues    
Earned premiums 276.5 286.5
Net investment income (expense) 10.3 10.3
Net realized and change in unrealized investment gains 19.4 28.7
Net other revenues 1.0 24.0
Total revenues 307.2 349.5
Expenses    
Loss and loss adjustment expenses 149.4 148.9
Policy acquisition expenses 46.7 54.8
Other underwriting expenses 49.4 49.3
General and administrative expenses 1.6 3.2
Interest expense 0 0
Total expenses 247.1 256.2
Pre-tax (loss) income from continuing operations 60.1 93.3
Income tax expense (8.3) (22.9)
Net income from continuing operations 51.8 70.4
Net income (loss) from discontinued operations attributable to OneBeacon's common shareholders (0.5) 0.5
(Loss) income before equity in (losses) earnings of unconsolidated affiliates 51.3 70.9
Equity in earnings of subsidiaries, net of tax 0 0
Net income, including noncontrolling interests 51.3 70.9
Less: Net income attributable to noncontrolling interests (0.4) (0.4)
Net income attributable to OneBeacon's common shareholders 50.9 70.5
Net change in benefit plan assets and obligations, net of tax 0 0
Comprehensive income attributable to OneBeacon's common shareholders 50.9 70.5
OBH (issuer)
   
Revenues    
Earned premiums 0 0
Net investment income (expense) 0 (0.6)
Net realized and change in unrealized investment gains 0 0.1
Net other revenues 0 0
Total revenues 0 (0.5)
Expenses    
Loss and loss adjustment expenses 0 0
Policy acquisition expenses 0 0
Other underwriting expenses 0 0
General and administrative expenses 0.1 (0.2)
Interest expense 3.5 3.5
Total expenses 3.6 3.3
Pre-tax (loss) income from continuing operations (3.6) (3.8)
Income tax expense 1.6 2.8
Net income from continuing operations (2.0) (1.0)
Net income (loss) from discontinued operations attributable to OneBeacon's common shareholders 0 0
(Loss) income before equity in (losses) earnings of unconsolidated affiliates (2.0) (1.0)
Equity in earnings of subsidiaries, net of tax 41.1 58.5
Net income, including noncontrolling interests 39.1 57.5
Less: Net income attributable to noncontrolling interests 0 0
Net income attributable to OneBeacon's common shareholders 39.1 57.5
Net change in benefit plan assets and obligations, net of tax 0 0.1
Comprehensive income attributable to OneBeacon's common shareholders 39.1 57.6
Consolidating adjustments
   
Revenues    
Earned premiums 0 0
Net investment income (expense) (0.3) (0.3)
Net realized and change in unrealized investment gains (0.5) (0.4)
Net other revenues 0 0
Total revenues (0.8) (0.7)
Expenses    
Loss and loss adjustment expenses 0 0
Policy acquisition expenses 0 0
Other underwriting expenses 0 0
General and administrative expenses 0 0
Interest expense (0.3) (0.3)
Total expenses (0.3) (0.3)
Pre-tax (loss) income from continuing operations (0.5) (0.4)
Income tax expense 0.2 0.2
Net income from continuing operations (0.3) (0.2)
Net income (loss) from discontinued operations attributable to OneBeacon's common shareholders 0 0
(Loss) income before equity in (losses) earnings of unconsolidated affiliates (0.3) (0.2)
Equity in earnings of subsidiaries, net of tax (89.7) (127.8)
Net income, including noncontrolling interests (90.0) (128.0)
Less: Net income attributable to noncontrolling interests 0 0
Net income attributable to OneBeacon's common shareholders (90.0) (128.0)
Net change in benefit plan assets and obligations, net of tax 0 (0.1)
Comprehensive income attributable to OneBeacon's common shareholders $ (90.0) $ (128.1)