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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Fixed maturity investments, trading, at fair value (Amortized cost 2018: $1,952.9; 2017: $2,195.3) $ 1,949.2 $ 2,180.0
Short-term investments, at fair value (Amortized cost 2018: $716.1; 2017: $625.3) 715.5 625.0
Equity securities, trading, at fair value (Cost 2018: $409.4; 2017: $275.1) 380.0 299.2
Other long-term investments, at fair value (Cost 2018: $337.6; 2017: $255.5) 365.0 269.5
Cash 119.4 215.8
Restricted cash 12.8 14.8
Total investments and cash 3,541.9 3,604.3
Accrued investment income 14.1 14.1
Insurance and reinsurance premiums receivable 630.6 543.6
Reinsurance recoverable on unpaid losses 350.2 319.7
Reinsurance recoverable on paid losses 55.0 17.5
Funds held by ceding companies 186.8 153.2
Ceded unearned insurance and reinsurance premiums 159.8 106.6
Deferred acquisition costs 141.6 120.9
Deferred tax asset 202.5 244.1
Accounts receivable on unsettled investment sales 5.0 0.3
Goodwill 400.6 401.0
Intangible assets 195.6 216.3
Other assets 124.0 82.0
Total assets 6,007.7 5,823.6
Liabilities    
Loss and loss adjustment expense reserves 2,016.7 1,898.5
Unearned insurance and reinsurance premiums 647.2 506.8
Ceded reinsurance payable 206.9 139.1
Funds held under reinsurance treaties 110.6 73.4
Deferred tax liability 237.4 282.2
Debt 696.8 723.2
Accounts payable on unsettled investment purchases 3.2 0.3
Other liabilities 150.5 176.8
Total liabilities 4,069.3 3,800.3
Commitments and Contingencies (see Note 22)
Mezzanine equity    
Total mezzanine equity 232.2 106.1
Common shareholders' equity    
Common shares (shares issued and outstanding: 2018: 115,151,251; 2017: 120,000,000) 1.2 1.2
Additional paid-in surplus 1,089.1 1,197.9
Retained earnings 816.6 858.4
Accumulated other comprehensive (loss) (202.4) (140.5)
Total common shareholders equity 1,704.5 1,917.0
Non-controlling interests 1.7 0.2
Total equity 1,706.2 1,917.2
Total liabilities, mezzanine equity, and equity 6,007.7 5,823.6
Series B preference shares    
Mezzanine equity    
Preference shares $ 232.2  
Series A redeemable preference shares    
Mezzanine equity    
Preference shares   $ 106.1