XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Fixed maturity investments, trading, at fair value (Amortized cost 2020: $1,932.7; 2019: $1,656.6) $ 1,958.9 $ 1,681.0
Short-term investments, at fair value (Amortized cost 2020: $1,145.4; 2019: $1,090.8) 1,132.6 1,085.2
Equity securities, trading, at fair value (Cost 2020: $170.0; 2019: $379.2) 158.7 405.2
Other long-term investments, at fair value (Cost 2020: $327.5; 2019: $315.4) 388.0 346.8
Cash 168.4 136.3
Restricted cash 15.8 14.3
Total investments and cash 3,822.4 3,668.8
Accrued investment income 8.9 11.2
Insurance and reinsurance premiums receivable 789.0 730.1
Reinsurance recoverable on unpaid losses 482.5 410.3
Reinsurance recoverable on paid losses 70.4 73.9
Funds held by ceding companies 244.1 293.9
Ceded unearned insurance and reinsurance premiums 172.5 162.0
Deferred acquisition costs 145.2 148.2
Deferred tax asset 158.4 166.7
Accounts receivable on unsettled investment sales 19.1 6.7
Goodwill 400.8 400.8
Intangible assets 168.0 179.8
Other assets 151.5 161.4
Total assets 6,632.8 6,413.8
Liabilities    
Loss and loss adjustment expense reserves 2,672.9 2,331.5
Unearned insurance and reinsurance premiums 759.4 708.0
Ceded reinsurance payable 270.3 244.7
Funds held under reinsurance treaties 156.5 169.1
Deferred tax liability 213.6 205.9
Debt 695.8 685.2
Accounts payable on unsettled investment purchases 29.9 2.3
Other liabilities 175.9 201.3
Total liabilities 4,974.3 4,548.0
Commitments and contingencies (see Note 19)
Mezzanine equity    
Series B preference shares 197.5 223.0
Common shareholders' equity    
Common shares (shares issued and outstanding, 2020 & 2019: 115,299,341) 1.2 1.2
Additional paid-in surplus 1,099.9 1,098.2
Retained earnings 564.5 778.5
Accumulated other comprehensive (loss) (206.4) (237.5)
Total common shareholders' equity 1,459.2 1,640.4
Non-controlling interests 1.8 2.4
Total equity 1,461.0 1,642.8
Total liabilities, mezzanine equity, and equity $ 6,632.8 $ 6,413.8