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Retirement and Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of changes in projected benefit obligations and fair value of plan assets and funded status of plan assets
The following tables set forth the obligations and funded status, assumptions, plan assets and cash flows associated with the Plans as of December 31, 2014 and 2013:
 
 
Pension Benefits
December 31,
Millions
 
2014
 
2013
Change in projected benefit obligation:
 
 

 
 

Projected benefit obligation at beginning of year
 
$
102.9

 
$
119.5

Service cost
 
.6

 
.8

Interest cost
 
4.7

 
4.2

Special termination benefits expense
 
.3

 
.3

Assumption changes
 
17.5

 
(13.0
)
Actuarial loss (gain)
 
1.1

 
(.5
)
Benefits and expenses paid with plan assets
 
(5.2
)
 
(6.2
)
Benefits paid directly by OneBeacon
 
(2.2
)
 
(2.2
)
Projected benefit obligation at end of year
 
$
119.7

 
$
102.9

Change in plan assets:
 
 

 
 

Fair value of plan assets at beginning of year
 
$
142.8

 
$
124.7

Actual return on plan assets
 
8.4

 
24.3

Benefits and expenses paid
 
(5.2
)
 
(6.2
)
Fair value of plan assets at end of year
 
$
146.0

 
$
142.8

Funded status at end of year
 
$
26.3

 
$
39.9
Schedule of amounts recorded in financial statements
Amounts recognized in the financial statements as of December 31, 2014 and 2013 consist of:
 
 
December 31,
Millions
 
2014
 
2013
Net assets of the Qualified Plan recorded in other assets
 
$
53.4

 
$
64.1

Net liabilities of the Non-qualified Plan recorded in other liabilities
 
(27.1
)
 
(24.2
)
Net amount accrued in the financial statements
 
$
26.3

 
$
39.9
Information for the Non-qualified Plan, which has accumulated benefit obligations in excess of plan assets
Information for the Non-qualified Plan, which had accumulated benefit obligations in excess of plan assets, was as follows:
 
 
December 31,
Millions
 
2014
 
2013
Projected benefit obligation
 
$
27.1

 
$
24.2

Accumulated benefit obligation
 
$
27.1

 
$
24.2

Fair value of plan assets
 
$
—

 
$
—
Information for the Qualified Plan, which had accumulated benefit obligations less than plan assets
Information for the Qualified Plan, which had accumulated benefit obligations less than plan assets, was as follows:
 
 
December 31,
Millions
 
2014
 
2013
Projected benefit obligation
 
$
92.6

 
$
78.7

Accumulated benefit obligation
 
$
92.6

 
$
78.7

Fair value of plan net assets
 
$
146.0

 
$
142.8
Schedule of amounts recognized in accumulated other comprehensive income (loss) on a pre-tax basis and before noncontrolling interest
The amounts recognized in accumulated other comprehensive income (loss) on a pre-tax basis and before non-controlling interest for the years ended December 31, 2014 and 2013 were as follows:
 
 
December 31,
Millions
 
2014
 
2013
Accumulated other comprehensive income (loss) beginning balance
 
$
10.5

 
$
(21.2
)
Increase (decrease) in accumulated other comprehensive income (loss):
 
 

 
 

Amortization of net actuarial losses recognized during the year
 
.3

 
.9

Net actuarial (losses) gains occurring during the year(1)
 
(18.8
)
 
30.8

Accumulated other comprehensive (loss) income ending balance
 
$
(8.0
)
 
$
10.5

(1) 
Net actuarial gains (losses) resulted from investment returns and demographic experience different than assumed, as well as changes in assumptions in estimating the projected benefit obligation in the years ended December 31, 2014 and 2013.
Schedule of components of net periodic benefit cost (income)
The components of net periodic benefit (income) cost for the years ended December 31, 2014, 2013 and 2012 were as follows:
 
 
Year Ended December 31,
Millions
 
2014
 
2013
 
2012
Service cost
 
$
.6

 
$
.8

 
$
.7

Interest cost
 
4.7

 
4.2

 
4.7

Expected return on plan assets
 
(8.5
)
 
(7.1
)
 
(6.9
)
Amortization of unrecognized loss
 
.3

 
.9

 
.8

Net periodic pension income before settlements, curtailments and
   special termination benefits
 
(2.9
)
 
(1.2
)
 
(.7
)
Settlement loss
 
—

 
—

 
.6

Special termination benefits expense(1)
 
.3

 
.3

 
.6

Total net periodic (income) benefit cost
 
$
(2.6
)
 
$
(.9
)
 
$
.5

(1) 
Special termination benefits represent additional payments made from the Qualified Plan to certain vested participants when their employment was terminated due to a reduction in force.
Schedule of fair value of the Plan assets and their related inputs
The fair value of the Qualified Plan’s assets and their related inputs as of December 31, 2014 and 2013 by asset category were as follows:
 
 
December 31, 2014
 
December 31, 2013
Millions
 
Fair
Value
 
Level 1
Inputs
 
Level 2
Inputs
 
Level 3
Inputs
 
Fair
Value
 
Level 1
Inputs
 
Level 2
Inputs
 
Level 3
Inputs
Fixed maturity investments
 
$
24.2

 
$
—

 
$
24.2

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Common equity securities
 
101.0

 
101.0

 
—

 
—

 
103.3

 
103.3

 
—

 
—

Convertible fixed maturity investments
 
12.8

 
—

 
12.8

 
—

 
29.9

 
—

 
29.9

 
—

Cash and short-term investments
 
5.2

 
4.8

 
.4

 
—

 
8.9

 
8.8

 
.1

 
—

Total
 
$
143.2

 
$
105.8

 
$
37.4

 
$
—

 
$
142.1

 
$
112.1

 
$
30.0

 
$
—


There were no transfers between Levels 1, 2 or 3 during the years ended December 31, 2014 and 2013.
The Qualified Plan’s asset allocations as of December 31, 2014 and 2013, by asset category were as follows:
 
 
Plan Assets at
December 31,
Asset Category
 
2014
 
2013
Fixed maturity investments
 
16.9
%
 
—
%
Common equity securities
 
70.6

 
72.7

Convertible fixed maturity investments
 
8.9

 
21.1

Cash and short-term investments
 
3.6

 
6.2

Total
 
100.0
%
 
100.0
%
Schedule of expected future benefit payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Millions
 
Expected Benefit Payments
2015
 
$
4.9

2016
 
5.3

2017
 
5.6

2018
 
5.9

2019
 
6.1

2020-2024
 
34.4