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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Statement of Cash Flows [Abstract]      
Cash flow hedge gain reclassification from accumulated other comprehensive income to net realized gains/losses on securities $ 1,300.5 $ 1,281.0 $ 1,165.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 103.7 97.1 101.3
Amortization of Intangible Assets 46.8 0.0 0.0
Amortization of fixed-income securities 98.4 78.2 134.0
Amortization of equity-based compensation 66.2 51.4 64.9
Net realized (gains) losses on securities (112.7) (224.2) (318.4)
Net (gains) losses on disposition of property and equipment 2.0 5.4 5.6
(Gains) losses on extinguishment of debt 0.9 4.8 4.3
Changes in:      
Premiums receivable (421.1) (227.1) (127.4)
Reinsurance recoverables (202.6) (141.7) (189.2)
Prepaid reinsurance premiums 32.5 (10.4) (8.6)
Deferred acquisition costs (42.3) (9.6) (13.1)
Income taxes (107.2) 97.5 57.8
Unearned premiums 632.4 266.4 244.8
Loss and loss adjustment expense reserves (917.7) (378.0) (641.6)
Accounts payable, accrued expenses, and other liabilities 37.9 92.0 165.0
Other, net (60.2) (13.2) (28.1)
Net cash provided by operating activities 2,292.9 1,725.6 1,899.9
Purchases:      
Fixed maturities (9,311.1) (7,967.5) (7,100.6)
Equity securities (647.1) (369.7) (322.2)
Sales:      
Fixed maturities 4,913.5 5,637.5 3,083.9
Equity securities 402.4 560.1 369.2
Maturities, paydowns, calls, and other:      
Fixed maturities 3,579.5 2,296.6 1,859.6
Equity securities 12.0 14.3 21.5
Net sales (purchases) of short-term investments 20.5 (876.0) 716.6
Net unsettled security transactions (8.2) (30.0) 152.2
Purchases of property and equipment (130.7) (108.1) (140.4)
Sales of property and equipment 10.6 5.9 3.7
Payments to Acquire Businesses, Net of Cash Acquired (752.7) 0.0 0.0
Payments to Acquire Additional Interest in Subsidiaries (12.6) 0.0 0.0
Net cash used in investing activities (1,923.9) (836.9) (1,356.5)
Cash Flows From Financing Activities      
Proceeds from exercise of equity options 0.2 0.0 0.0
Tax benefit from exercise/vesting of equity-based compensation 16.8 12.8 10.3
Net proceeds from debt issuance 382.0 344.7 0.0
Payment of debt (20.4) 0.0 (150.0)
Reacquisition of debt (19.3) (48.9) (58.1)
Dividends paid to shareholders (403.6) (892.6) (175.6)
Acquisition of treasury shares (208.5) (271.4) (273.4)
Net cash used in financing activities (252.8) (855.4) (646.8)
Effect of exchange rate changes on cash (0.2) 0.0 (0.6)
Increase (decrease) in cash 116.0 33.3 (104.0)
Cash, Beginning of year 108.4 75.1 179.1
Cash, End of year $ 224.4 $ 108.4 $ 75.1