CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operations:
Net income (loss)	$ 388.1	$ 408.5
Adjustments to reconcile net income to net cash provided from (used for) operations:
Net realized and unrealized investment (gains) losses	(251.2)	(390.4)
Change in fair value of Ark’s contingent consideration	74.2	47.5
Change in fair value of BAM Surplus Notes	0.0	(15.8)
Unrealized loss on deconsolidation of BAM	0.0	114.5
Deferred income tax expense (benefit)	5.2	3.7
Amortization of restricted share awards	13.6	11.8
Amortization (accretion) and depreciation	2.6	(7.5)
Other operating items:
Net change in reinsurance recoverables	(335.8)	(306.0)
Net change in insurance premiums, commissions and fees receivable	(396.5)	(454.3)
Net change in deferred acquisition costs	(122.6)	(58.2)
Net change in loss and loss adjustment expense reserves	363.7	544.4
Net change in unearned insurance premiums	560.3	458.5
Net change in reinsurance payable	255.2	149.1
Net change in premiums and commissions payable	18.8	44.5
Net change in accrued incentive compensation from Other Operations	(4.0)	(23.2)
Contributions to Kudu’s Participation Contracts	(119.3)	(0.2)
Proceeds from Kudu’s Participation Contracts sold	0.0	9.4
Net other operating activities	64.4	(5.7)
Net cash provided from (used for) operations	496.6	522.7
Cash flows from investing activities:
Net change in short-term investments	(64.4)	610.8
Sales of fixed maturity investments	301.7	320.9
Maturities, calls and paydowns of fixed maturity investments	309.4	323.3
Sales of common equity securities and investment in MediaAlpha	251.0	162.4
Distributions and redemptions of other long-term investments	109.8	169.9
Purchases of consolidated subsidiaries, net of cash acquired of $1.9 and $44.9	(342.2)	(231.8)
Purchases of fixed maturity investments	(759.6)	(1,342.0)
Purchases of common equity securities and investment in MediaAlpha	0.0	(121.1)
Purchases of other long-term investments	(278.1)	(158.2)
Payments of principal received on the BAM Surplus Notes subsequent to deconsolidation	(5.6)	0.0
Impact to cash from deconsolidation of BAM	0.0	(4.2)
Net other investing activities	14.9	(13.8)
Net cash provided from (used for) investing activities	(451.9)	(283.8)
Cash flows from financing activities:
Draw down of debt and revolving lines of credit	212.4	15.5
Repayment of debt and revolving lines of credit	(5.6)	(36.7)
Cash dividends paid to common shareholders	(2.6)	(2.5)
Repurchases and retirements of common shares	(9.9)	(8.1)
BAM member surplus contributions prior to deconsolidation	0.0	26.0
Contributions from other noncontrolling interests	1.2	1.0
Distributions to other noncontrolling interests	(60.1)	(12.5)
Net other financing activities	27.7	2.0
Net cash provided from (used for) financing activities	163.1	(15.3)
Net change in cash during the period	207.8	223.6
Cash balance at beginning of period (includes restricted cash balances of $14.1 and $0.7, unrestricted cash held for sale of $16.0 and $0.0 and restricted cash held for sale of $59.5 and $0.0)	266.4	122.4
Cash balance at end of period (includes restricted cash balances of $8.4 and $3.3, unrestricted cash held for sale of $36.6 and $23.9 and restricted cash held for sale of $100.2 and $67.7)	474.2	346.0
Supplemental cash flows information:
Interest paid	(49.2)	(46.4)
Net income tax payments	(21.3)	(19.2)
Cash, restricted cash, cash held for sale	36.6	23.9
Cash, restricted cash held for sale	100.2	67.7
HG Global | Operating Segments
Adjustments to reconcile net income to net cash provided from (used for) operations:
Interest income from BAM Surplus Notes subsequent to deconsolidation, net of interest payments received of $2.4 and $0.0	(20.1)	(7.9)
Investments, Excluding MediaAlpha and Bamboo
Adjustments to reconcile net income to net cash provided from (used for) operations:
Net realized and unrealized investment (gains) losses	(249.6)	(230.7)
MediaAlpha
Adjustments to reconcile net income to net cash provided from (used for) operations:
Net realized and unrealized investment (gains) losses	$ (1.6)	$ (159.7)