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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Fixed maturities, at fair value (amortized cost of $9,178.7 and $9,051.5) $ 8,808.3 $ 8,542.2
Equity securities, at fair value 161.0 157.7
Other investments 720.2 709.9
Total investments 9,689.5 9,409.8
Cash and cash equivalents 315.1 435.5
Accrued investment income 66.0 69.8
Premiums and accounts receivable, net 1,809.0 1,800.8
Reinsurance recoverable on paid and unpaid losses and unearned premiums 2,034.2 1,994.5
Deferred acquisition costs 656.9 662.8
Deferred income tax asset 141.9 174.2
Goodwill 178.8 178.8
Other assets 493.2 462.6
Assets of discontinued businesses 85.7 85.7
Total assets 15,470.3 15,274.5
Liabilities    
Loss and loss adjustment expense reserves 7,608.9 7,461.2
Unearned premiums 3,259.3 3,283.3
Expenses and taxes payable 618.6 757.8
Reinsurance premiums payable 45.8 37.7
Short-term debt 61.8 61.8
Long-term debt 722.5 722.3
Liabilities of discontinued businesses 109.0 108.6
Total liabilities 12,425.9 12,432.7
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued 0.6 0.6
Additional paid-in capital 1,978.3 1,973.6
Accumulated other comprehensive loss (344.7) (456.3)
Retained earnings 3,306.8 3,209.6
Treasury stock at cost (24.5 million and 24.6 million shares) (1,896.6) (1,885.7)
Total shareholders’ equity 3,044.4 2,841.8
Total liabilities and shareholders’ equity $ 15,470.3 $ 15,274.5