XML 95 R84.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations - Financial Statement Disclosures (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 28, 2017
Oct. 05, 2016
Sep. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Jun. 30, 2016
Jun. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Jun. 30, 2017
Dec. 31, 2015
Disposal Group, Including Discontinued Operation, Assets [Abstract]                        
Fixed maturity investments, at fair value     $ 1,490,000,000         $ 1,490,000,000   $ 2,081,100,000    
Short-term investments, at amortized cost (which approximates fair value)     786,500,000         786,500,000   174,900,000    
Common equity securities, at fair value     774,400,000         774,400,000   285,600,000    
Other long-term investments     229,600,000         229,600,000   172,800,000    
Total investments     3,280,500,000         3,280,500,000   2,714,400,000    
Cash     48,600,000         48,600,000   80,200,000    
Insurance premiums receivable     4,500,000         4,500,000   1,600,000    
Deferred acquisition costs     14,100,000         14,100,000   10,600,000    
Accounts receivable on unsettled investment sales     190,100,000         190,100,000   4,800,000    
Goodwill and other intangible assets     37,800,000   $ 47,700,000 $ 41,600,000 $ 41,600,000 37,800,000 $ 47,700,000 45,200,000 $ 40,300,000 $ 45,500,000
Accrued investment income     15,400,000         15,400,000   14,800,000    
Other assets     46,100,000         46,100,000   49,100,000    
Total assets held for sale     0         0   3,599,500,000    
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]                        
Unearned insurance premiums     118,500,000         118,500,000   82,900,000    
Debt     9,400,000         9,400,000   12,700,000    
Accrued incentive compensation     76,900,000         76,900,000   95,700,000    
Accounts payable on unsettled investment purchases     49,700,000         49,700,000   0    
Other liabilities     45,400,000         45,400,000   43,600,000    
Total liabilities held for sale     0         0   2,569,300,000    
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Earned insurance premiums     2,400,000   3,400,000     7,600,000 10,200,000      
Net investment income     12,200,000   9,600,000     39,700,000 18,200,000      
Net realized and unrealized investment gains     32,500,000   10,900,000     102,500,000 27,200,000      
Total revenues     87,500,000   56,800,000     259,800,000 163,200,000      
Loss and loss adjustment expenses     0   2,200,000     1,100,000 6,800,000      
Insurance acquisition expenses     900,000   1,300,000     3,100,000 4,400,000      
Other underwriting expenses     100,000   200,000     300,000 400,000      
General and administrative expenses     44,100,000   42,400,000     162,200,000 144,900,000      
Interest expense     900,000   500,000     1,800,000 2,600,000      
Total expenses     79,100,000   70,600,000     257,200,000 236,000,000      
Net (loss) income from discontinued operations, net of tax     (15,200,000)   36,500,000     20,500,000 100,900,000      
Gain from sale of other discontinued operations, net of tax     554,300,000   47,900,000     552,700,000 414,500,000      
Total income (loss) from discontinued operations     (539,100,000)   (84,400,000)     (573,200,000) (515,400,000)      
Net change in foreign currency translation and benefit plan assets and obligations     0   200,000     200,000 (400,000)      
Total comprehensive income     565,100,000   90,700,000     608,100,000 586,100,000      
Discontinued Operations, Held-for-sale                        
Disposal Group, Including Discontinued Operation, Assets [Abstract]                        
Goodwill and other intangible assets     0         0   1,200,000    
Sirius Group                        
Disposal Group, Including Discontinued Operation, Assets [Abstract]                        
Total investments                       $ 686,200,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Net realized and unrealized investment gains           $ 400,000 $ 3,700,000          
Gain from sale of other discontinued operations, net of tax         (4,000,000)         363,200,000    
OneBeacon                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Net (loss) income from discontinued operations, net of tax     (15,200,000)   22,500,000     20,500,000 93,800,000      
Gain from sale of other discontinued operations, net of tax $ 554,600,000                      
Tranzact                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Earned insurance premiums         0       0      
Net investment income         0       0      
Net realized and unrealized investment gains         0       0      
Other revenue         14,800,000       119,600,000      
Total revenues         14,800,000       119,600,000      
Loss and loss adjustment expenses         0       0      
Insurance acquisition expenses         0       0      
Other underwriting expenses         0       0      
General and administrative expenses         16,200,000       116,700,000      
Interest expense         500,000       3,200,000      
Total expenses         16,700,000       119,900,000      
Pre-tax (loss) income         (1,900,000)       (300,000)      
Income tax benefit (expense)   $ 30,200,000     15,900,000       13,800,000 30,200,000    
Net (loss) income from discontinued operations, net of tax         14,000,000       13,500,000      
Gain from sale of other discontinued operations, net of tax   $ 51,900,000   $ (1,000,000)           51,900,000    
Total comprehensive income         65,900,000              
Discontinued Operations                        
Disposal Group, Including Discontinued Operation, Assets [Abstract]                        
Accounts receivable on unsettled investment sales                   1,400,000    
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Total income (loss) from discontinued operations     539,100,000   84,400,000     573,200,000 515,400,000      
Net change in foreign currency translation and benefit plan assets and obligations                 32,500,000      
Discontinued Operations | Discontinued Operations, Held-for-sale                        
Disposal Group, Including Discontinued Operation, Assets [Abstract]                        
Fixed maturity investments, at fair value                   2,175,700,000    
Short-term investments, at amortized cost (which approximates fair value)                   112,300,000    
Common equity securities, at fair value                   188,700,000    
Other long-term investments                   150,500,000    
Total investments                   2,627,200,000    
Cash                   70,500,000    
Reinsurance recoverable on unpaid and paid losses                   179,800,000    
Insurance premiums receivable                   229,800,000    
Deferred acquisition costs                   96,300,000    
Deferred tax asset                   126,700,000    
Ceded unearned insurance and reinsurance premiums                   44,200,000    
Goodwill and other intangible assets                   1,200,000    
Accrued investment income                   11,300,000    
Other assets                   211,100,000    
Total assets held for sale                   3,599,500,000    
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]                        
Loss and loss adjustment expense reserves                   1,370,600,000    
Unearned insurance premiums                   576,300,000    
Debt                   273,200,000    
Accrued incentive compensation                   44,300,000    
Funds held under reinsurance treaties                   153,000,000    
Other liabilities                   151,900,000    
Total liabilities held for sale                   2,569,300,000    
Discontinued Operations | Sirius Group                        
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]                        
Net Assets                   1,030,200,000    
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Earned insurance premiums     0   0       240,100,000      
Net investment income     0   0       14,400,000      
Net realized and unrealized investment gains     0   0       (1,500,000)      
Other revenue     0   0       600,000      
Total revenues     0   0       253,600,000      
Loss and loss adjustment expenses     0   0       154,900,000      
Insurance acquisition expenses     0   0       59,000,000      
Other underwriting expenses     0   0       30,900,000      
General and administrative expenses     0   0       10,400,000      
Interest expense     0   0       7,900,000      
Total expenses     0   0       263,100,000      
Pre-tax (loss) income     0   0       (9,500,000)      
Income tax benefit (expense)     0   0       3,100,000      
Net (loss) income from discontinued operations, net of tax     0   0       (6,400,000)      
Gain from sale of other discontinued operations, net of tax     (800,000)         1,000,000        
Total income (loss) from discontinued operations     (200,000)   (4,000,000)     (800,000) 356,200,000      
Net change in foreign currency translation and benefit plan assets and obligations         0       32,000,000      
Total comprehensive income     (200,000)   (4,000,000)     (800,000) 501,500,000      
Discontinued Operations | Sirius Group | Net gain (loss) from sale of discontinued operations                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Gain from sale of other discontinued operations, net of tax     (200,000)   (4,000,000)     (800,000) 362,600,000      
Discontinued Operations | OneBeacon                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Earned insurance premiums     268,400,000   277,900,000     807,600,000 827,900,000      
Net investment income     13,000,000   11,800,000     39,700,000 38,300,000      
Net realized and unrealized investment gains     11,500,000   15,500,000     38,800,000 56,800,000      
Other revenue     2,200,000   1,800,000     7,700,000 3,500,000      
Total revenues     295,100,000   307,000,000     893,800,000 926,500,000      
Loss and loss adjustment expenses     206,800,000   162,800,000     546,000,000 501,300,000      
Insurance acquisition expenses     51,900,000   55,100,000     145,600,000 154,800,000      
Other underwriting expenses     44,900,000   49,400,000     156,200,000 155,600,000      
General and administrative expenses     7,400,000   3,500,000     21,200,000 10,900,000      
Interest expense     3,400,000   3,300,000     10,000,000 9,800,000      
Total expenses     314,400,000   274,100,000     879,000,000 832,400,000      
Pre-tax (loss) income     (19,300,000)   32,900,000     14,800,000 94,100,000      
Income tax benefit (expense)     4,100,000   (10,400,000)     5,700,000 (300,000)      
Net (loss) income from discontinued operations, net of tax     (15,200,000)   22,500,000     20,500,000 93,800,000      
Total income (loss) from discontinued operations     539,300,000   22,500,000     575,000,000 93,800,000      
Net change in foreign currency translation and benefit plan assets and obligations     100,000   (300,000)     300,000 500,000      
Recognition of benefit plan assets and obligations from the sale of OneBeacon, net of tax     2,900,000         2,900,000        
Total comprehensive income     542,300,000   22,200,000     578,200,000 94,300,000      
Discontinued Operations | OneBeacon | Net gain (loss) from sale of discontinued operations                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Gain from sale of other discontinued operations, net of tax     554,500,000         554,500,000        
Discontinued Operations | Total                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Earned insurance premiums     268,400,000   277,900,000     807,600,000 1,068,000,000      
Net investment income     13,000,000   11,800,000     39,700,000 52,700,000      
Net realized and unrealized investment gains     11,500,000   15,500,000     38,800,000 55,300,000      
Other revenue     2,200,000   16,600,000     7,700,000 123,700,000      
Total revenues     295,100,000   321,800,000     893,800,000 1,299,700,000      
Loss and loss adjustment expenses     206,800,000   162,800,000     546,000,000 656,200,000      
Insurance acquisition expenses     51,900,000   55,100,000     145,600,000 213,800,000      
Other underwriting expenses     44,900,000   49,400,000     156,200,000 186,500,000      
General and administrative expenses     7,400,000   19,700,000     21,200,000 138,000,000      
Interest expense     3,400,000   3,800,000     10,000,000 20,900,000      
Total expenses     314,400,000   290,800,000     879,000,000 1,215,400,000      
Pre-tax (loss) income     (19,300,000)   31,000,000     14,800,000 84,300,000      
Income tax benefit (expense)     4,100,000   5,500,000     5,700,000 16,600,000      
Net (loss) income from discontinued operations, net of tax     (15,200,000)   36,500,000     20,500,000 100,900,000      
Total income (loss) from discontinued operations     539,100,000   84,400,000     573,200,000 515,400,000      
Net change in foreign currency translation and benefit plan assets and obligations     100,000   (300,000)     300,000 113,300,000      
Recognition of benefit plan assets and obligations from the sale of OneBeacon, net of tax     2,900,000         2,900,000        
Total comprehensive income     542,100,000   84,100,000     576,400,000 661,200,000      
Discontinued Operations | Total | Net gain (loss) from sale of discontinued operations                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Gain from sale of other discontinued operations, net of tax     $ 554,300,000   47,900,000     552,700,000 414,500,000      
Discontinued Operations | Tranzact                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Income tax benefit (expense)                   $ 30.2    
Net (loss) income from discontinued operations, net of tax         2,100,000       2,600,000      
Total income (loss) from discontinued operations         65,900,000     (1,000,000) 65,400,000      
Total comprehensive income               (1,000,000) 65,400,000      
Discontinued Operations | Tranzact | Net gain (loss) from sale of discontinued operations                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Gain from sale of other discontinued operations, net of tax         51,900,000     $ (1,000,000) 51,900,000      
Discontinued Operations | Sale of Sirius Group                        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]                        
Net change in foreign currency translation and benefit plan assets and obligations         $ 0       $ 113,300,000