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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Fixed maturity investments, trading, at fair value (Amortized cost 2019: $1,814.8; 2018: $1,952.9) $ 1,846.4 $ 1,949.2
Short-term investments, at fair value (Amortized cost 2019: $830.5; 2018: $716.1) 833.6 715.5
Equity securities, trading, at fair value (Cost 2019: $398.4; 2018: $409.4) 394.4 380.0
Other long-term investments, at fair value (Cost 2019: $351.7; 2018: $337.6) 389.7 365.0
Cash 116.0 119.4
Restricted cash 13.0 12.8
Total investments and cash 3,593.1 3,541.9
Accrued investment income 12.7 14.1
Insurance and reinsurance premiums receivable 818.7 630.6
Reinsurance recoverable on unpaid losses 349.3 350.2
Reinsurance recoverable on paid losses 50.5 55.0
Funds held by ceding companies 202.8 186.8
Ceded unearned insurance and reinsurance premiums 200.5 159.8
Deferred acquisition costs 152.6 141.6
Deferred tax asset 171.6 202.5
Accounts receivable on unsettled investment sales 1.7 5.0
Goodwill 400.7 400.6
Intangible assets 191.7 195.6
Other assets 161.1 124.0
Total assets 6,307.0 6,007.7
Liabilities    
Loss and loss adjustment expense reserves 1,976.3 2,016.7
Unearned insurance and reinsurance premiums 860.5 647.2
Ceded reinsurance payable 231.3 206.9
Funds held under reinsurance treaties 123.4 110.6
Deferred tax liability 230.6 237.4
Debt 686.1 696.8
Accounts payable on unsettled investment purchases 9.9 3.2
Other liabilities 173.1 150.5
Total liabilities 4,291.2 4,069.3
Commitments and contingencies (see Note 18)
Mezzanine equity    
Series B preference shares 240.6 232.2
Common shareholders' equity    
Common shares (shares issued and outstanding, 2019:115,262,303; 2018: 115,151,251) 1.2 1.2
Additional paid-in surplus 1,090.2 1,089.1
Retained earnings 911.8 816.6
Accumulated other comprehensive (loss) (230.2) (202.4)
Total common shareholders' equity 1,773.0 1,704.5
Non-controlling interests 2.2 1.7
Total equity 1,775.2 1,706.2
Total liabilities, mezzanine equity, and equity $ 6,307.0 $ 6,007.7