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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities at fair value (amortized cost $2,266.1 at December 31, 2021 and $2,333.6 at December 31, 2020, net of CECL allowance of $0.2 and $0.7 at December 31, 2021 and at December 31, 2020) $ 2,342.7 $ 2,479.2
Equity Securities, FV-NI 338.8 208.5
Federal Home Loan Bank Stock 5.6 6.7
Other Investments 38.4 36.2
Short-term Investments 10.5 26.6
Total investments 2,736.0 2,757.2
Cash and cash equivalents 75.1 160.4
Restricted cash and cash equivalents 0.2 0.2
Accrued investment income 14.5 15.3
Premiums receivable (less CECL allowance of $10.3 at December 31, 2021 and $10.8 at December 31, 2020) 244.7 232.1
Reinsurance recoverable for:    
Paid losses 7.5 7.6
Unpaid losses (less CECL allowance of $0.6 at December 31, 2021 and $0.4 at December 31, 2020 ) 476.3 496.6
Deferred policy acquisition costs 43.7 43.2
Property and equipment, net 14.7 19.1
Operating lease right-of-use assets 14.2 17.4
Intangible assets, net 13.6 13.6
Goodwill 36.2 36.2
Contingent commission receivable–LPT Agreement 13.9 13.4
Cloud computing arrangements 43.9 50.2
Other assets 48.7 60.1
Total assets 3,783.2 3,922.6
Liabilities and stockholders' equity    
Unpaid losses and loss adjustment expenses 1,981.2 2,069.4
Unearned premiums 304.7 299.1
Commissions and premium taxes payable 42.1 43.0
Accounts payable and accrued expenses 24.1 22.9
Deferred reinsurance gain—LPT Agreement 114.4 125.4
Deferred Income Tax Liabilities, Net 7.7 15.5
FHLB advances 0.0 20.0
Non-cancellable obligations 21.7 24.1
Operating lease liability 16.6 19.9
Other liabilities 57.6 70.5
Total liabilities 2,570.1 2,709.8
Commitments and contingencies (Note 12)
Stockholders' equity:    
Common stock, $0.01 par value; 150,000,000 shares authorized; 57,690,254 and 57,413,806 shares issued and 27,741,400 and 28,564,798 shares outstanding at December 31, 2021 and 2020, respectively 0.6 0.6
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued 0.0 0.0
Additional paid-in capital 410.7 404.3
Retained earnings 1,338.5 1,247.9
Accumulated other comprehensive income, net of tax 60.6 115.1
Treasury stock, at cost (29,948,854 shares at December 31, 2021 and 28,849,008 shares at December 31, 2020) (597.3) (555.1)
Total stockholders' equity 1,213.1 1,212.8
Total liabilities and stockholders' equity $ 3,783.2 $ 3,922.6