v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturities available-for-sale, at fair value (cost: 2025 - $1,866.4, 2024 - $2,032.9; allowance for expected credit losses: 2025 - $1.2, 2024 - $0.9) $ 1,915.8 $ 2,068.9
Equity securities, at fair value (cost: $402.2 and $396.3, respectively) 431.3 413.0
Other investments (cost: $573.4 and $577.4, respectively) 573.4 577.4
Short-term investments, at fair value (cost: $360.5 and $254.1, respectively) 360.6 254.4
Total investments 4,110.7 4,094.8
Cash, restricted cash and cash equivalents 617.6 644.4
Accrued investment income 18.2 18.6
Premiums receivable 196.1 179.5
Reinsurance recoverables 2,936.1 3,053.2
Other intangible assets, net of accumulated amortization 131.7 139.3
Current income taxes receivable, net 21.6 21.6
Deferred tax asset, net 79.3 91.5
Deferred acquisition costs, net 55.3 52.1
Ceded unearned premiums 359.1 357.8
Operating lease right-of-use assets 47.5 47.6
Other assets 150.6 166.3
Value of business acquired, net of accumulated amortization 10.6 12.9
Total assets 8,734.4 8,879.6
Liabilities and Stockholders' Equity    
Reserves for losses and loss adjustment expenses 5,680.2 5,798.6
Unearned premiums 729.8 798.8
Accrued underwriting expenses and other liabilities 56.9 54.3
Ceded reinsurance payable, net 165.2 158.7
Funds held 42.3 44.6
Senior unsecured fixed rate notes 129.0 128.8
Junior subordinated debentures 243.7 243.2
Operating lease liabilities 48.9 49.1
Total liabilities 7,096.0 7,276.1
Commitments and contingencies (Note 12)
Stockholders' equity:    
Series A Preferred stock and additional paid-in capital ($1.00 par; 10,000 shares authorized; 6,000 shares issued; liquidation preference $25,000) 137.1 137.1
Common stock ($0.01 par; 1,000 shares authorized; 13 shares issued) 0.0 0.0
Additional paid-in capital 1,592.4 1,592.4
Retained earnings (Accumulated deficit) (130.1) (157.7)
Accumulated other comprehensive income, net of taxes 39.0 31.7
Total stockholders' equity 1,638.4 1,603.5
Total liabilities and stockholders' equity 8,734.4 8,879.6
Mortgage Loans    
Investments:    
Loans 217.7 208.2
Private Loans    
Investments:    
Loans $ 611.9 $ 572.9