XML 154 R109.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes - Expected Income Tax Expense (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Expected income tax expense at the weighted average U.K. income tax rate of 23.5% (2022 and 2021: 19%) $ (481.6) $ (14.6) $ (14.9)
Reconciling items      
Disallowable expenses (2.2) (7.1) (2.7)
Net gain on distribution of Fidelis MGU not subject to income taxes 394.1 0.0 0.0
Enactment of Bermuda income tax 90.0 0.0 0.0
Other income not subject to income taxes 0.3 0.3 0.1
Adjustments in respect of prior year 2.3 0.1 0.1
Effects of changes to U.K. tax rates 0.3 0.0 8.6
Impact of differences in tax rates 82.3 2.8 8.1
Change in valuation allowance 0.0 0.0 (0.5)
Foreign currency transactions (0.2) 0.7 0.8
Income tax benefit/(expense) $ 85.3 $ (17.8) $ (0.4)