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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
OneBeacon
Dec. 31, 2011
OneBeacon
Dec. 31, 2010
OneBeacon
Cash flows from operations:            
Net income $ 193.4 $ 809.4 $ 139.5      
Charges (credits) to reconcile net income to net cash (used for) provided from operations:            
Net realized and unrealized investment gains (118.2) (74.1) (77.6)      
Excess of fair value of acquired net assets over cost and gain on sale of subsidiaries (34.2) (7.2) (12.8)      
Deferred income tax (benefit) expense (16.8) (71.0) 70.7      
Undistributed equity in (earnings) loss from unconsolidated affiliates, after-tax (29.9) 20.2 (9.9)      
Net loss from other discontinued operations 24.0 36.7 30.1      
Gain (loss) on sale of discontinued operation, net of tax       91.0 19.2 0
Other operating items:            
Net change in loss and loss adjustment expense reserves (172.2) (23.4) (73.6)      
Net change in reinsurance recoverable on paid and unpaid losses 42.4 66.0 115.2      
Net change in unearned insurance and reinsurance premiums 63.1 67.0 (24.7)      
Net change in ceded reinsurance premiums payable 3.8 39.5 0.5      
Net change in ceded unearned insurance and reinsurance premiums 0 (8.6) 4.4      
Net change in insurance and reinsurance premiums receivable (79.2) (42.4) (123.4)      
Net change in variable annuity benefit guarantee liabilities (327.1) 158.3 229.5      
Net change in variable annuity benefit derivative instruments 192.1 57.1 (153.0)      
Net change in deferred acquisition costs (5.7) (15.3) (2.3)      
Net change in funds held by ceding companies (17.7) 11.6 16.4      
Net change in funds held under reinsurance treaties 10.6 (42.4) (10.6)      
Net change in other assets and liabilities, net 151.0 (229.0) (89.5)      
Net cash (used for) provided from continuing operations (29.6) 94.1 28.9      
Net cash (used for) provided from discontinuing operations (196.2) (208.6) 27.1      
Net cash (used for) provided from operations (225.8) (114.5) 56.0      
Cash flows from investing activities:            
Net change in short-term investments 145.3 174.5 475.6      
Sales of fixed maturity and convertible fixed maturity investments 6,040.0 3,481.9 2,447.8      
Maturities, calls and paydowns of fixed maturities and convertible fixed maturities 678.4 1,163.6 1,744.1      
Sales of common equity securities 192.4 237.8 167.5      
Distributions and redemptions of other long-term investments 86.7 150.7 133.2      
Sales of unconsolidated affiliates, net of cash sold and held in escrow 24.8 1,010.6 188.3      
Contributions to other long-term investments (96.7) (65.8) (111.1)      
Contributions to discontinued operations (196.2) (171.8) (48.1)      
Purchases of common equity securities (365.2) (297.8) (273.6)      
Purchases of fixed maturity and convertible fixed maturity investments (5,810.1) (5,200.6) (4,217.7)      
Purchases of consolidated and unconsolidated affiliates, net of cash acquired (41.3) (3.2) (4.9)      
Net change in unsettled investment purchases and sales (22.4) 47.0 1.6      
Net acquisitions of property and equipment (2.3) (5.5) (5.8)      
Net cash provided from investing activities — continuing operations 633.4 521.4 496.9      
Net cash provided from (used for) investing activities — discontinued operations 196.2 278.2 (11.6)      
Net cash provided from investing activities 829.6 799.6 485.3      
Cash flows from financing activities:            
Repayment of debt (75.0) 0 (14.0)      
Repurchase of debt (275.9) (161.6) (197.3)      
Issuance of debt, net of debt issuance costs 271.9 0 0      
Draw down of revolving line of credit 150.0 0 0      
Repayments of Long-term Capital Lease Obligations (4.9)          
Capital lease obligation   23.1 0      
Cash dividends paid to the Company’s common shareholders (6.6) (8.0) (8.8)      
Cash dividends paid to OneBeacon Ltd.’s non-controlling common shareholders (19.8) (42.8) (75.9)      
Cash dividends paid on SIG Preference Shares (18.8) (18.8) (18.8)      
Common shares repurchased (669.1) (253.0) (225.6)      
OneBeacon Ltd. common shares repurchased and retired 0 0 (10.5)      
Proceeds from issuances of common shares 0 0.9 0.7      
Net cash used for financing activities — continuing operations (648.2) (460.2) (550.2)      
Net cash provided from financing activities — discontinued operations 0 0 0      
Net cash used for financing activities (648.2) (460.2) (550.2)      
Effect of exchange rate changes on cash 3.1 (1.5) 8.1      
Net change in cash during the period (41.3) 223.4 (0.8)      
Net change in cash from discontinued operations 0 (69.6) (15.5)      
Cash reclassified to assets held for sale (net of cash sold of $3.5, $0, and $0) 2.0 (5.5) 0      
Cash balance at beginning of year (excludes restricted cash balances of $453.5, $286.7 and $217.1 and AutoOne cash of $0, $4.7 and $3.9) 251.9 103.6 119.9      
Cash balance at end of year (excludes restricted cash balances of $249.8, $453.5, and $286.7 and AutoOne cash of $0, $0, and $4.7) $ 212.6 $ 251.9 $ 103.6