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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities      
Net income $ 35.3 $ 116.0 $ 422.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized investment (gains) losses 32.5 106.5 (123.0)
Net amortization and depreciation 6.3 12.9 16.9
Stock-based compensation expense 31.1 29.0 22.9
Amortization of defined benefit plan costs 7.9 5.5 3.4
Deferred income tax expense (benefit) (24.6) (46.5) 25.0
Change in deferred acquisition costs (16.0) (52.8) (74.5)
Change in premiums receivable, net of reinsurance premiums payable (110.3) (116.7) (123.4)
Change in loss, loss adjustment expense and unearned premium reserves 442.0 784.7 671.8
Change in reinsurance recoverable (91.6) (57.2) (32.9)
Change in expenses and taxes payable 48.0 3.3 179.0
Other, net 1.3 (62.3) (163.8)
Net cash provided by operating activities 361.7 722.3 823.7
Cash Flows From Investing Activities      
Proceeds from disposals and maturities of fixed maturities 772.9 1,106.3 1,564.4
Proceeds from disposals of equity securities and other investments 141.1 488.4 286.3
Purchase of fixed maturities (1,059.8) (1,960.2) (2,112.7)
Purchase of equity securities and other investments (70.8) (124.3) (190.2)
Capital expenditures (11.9) (17.8) (8.0)
Net cash used in investing activities (228.5) (507.6) (460.2)
Cash Flows From Financing Activities      
Proceeds from exercise of employee stock options 6.5 13.3 20.5
Dividends paid to shareholders (117.2) (108.9) (102.2)
Repurchases of common stock   (30.8) (162.6)
Other financing activities (11.4) (14.2) (8.9)
Net cash used in financing activities (122.1) (140.6) (253.2)
Net change in cash and cash equivalents 11.1 74.1 110.3
Cash and cash equivalents, beginning of year 305.0 230.9 120.6
Cash and cash equivalents, end of year 316.1 305.0 230.9
Supplemental Cash Flow Information      
Interest payments 33.2 33.3 33.4
Income tax payments (refunds), net (22.1) 107.8 74.0
Continuing Operations [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Net realized investment (gains) losses $ 32.3 $ 106.4 $ (123.5)