Derivatives (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes information on the classification and amount of the fair value of derivatives not designated as hedging instruments within the Company's consolidated balance sheets as of June 30, 2025 and December 31, 2024:


	June 30, 2025						December 31, 2024
Derivatives not designated as hedging instruments	Derivative assets at fair value(1)		Derivative liabilities at fair value(2)		Notional Value		Derivative assets at fair value(1)		Derivative liabilities at fair value(2)		Notional Value
Foreign currency forwards	$	18.7	$	7.0	$	1,215.4	$	0.9	$	3.3	$	768.6

Weather derivatives	—		—		—		—		5.6		3.7

Interest rate swaps	—		—		29.8		—		—		29.8
Credit default swap	0.4		—		57.6		—		0.5		49.1




Reinsurance contracts accounted for as derivatives	$	—	$	5.3	$	79.3	$	—	$	4.9	$	100.1

(1)Derivative assets are classified within Other assets in the Company’s consolidated balance sheets.

(2)Derivative liabilities are classified within Other liabilities in the Company’s consolidated balance sheets.

Schedule of Net Impact on Earnings Relating to Derivatives

The following table summarizes information on the classification and net impact on earnings, recognized in the Company’s consolidated statements of income relating to derivatives during the three and six months ended June 30, 2025 and 2024:


		Three months ended				Six months ended
Derivatives not designated as hedging instruments	Classification of gains (losses) recognized in earnings	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024

Foreign currency forwards	Foreign exchange (gains) losses	$	33.4	$	6.0	$	74.3	$	(11.5)

Weather derivatives	Other revenues	0.2		(0.3)		0.4		(1.8)



Interest rate swaps	Net realized and unrealized investment gains (losses)	(0.3)		0.4		(0.5)		1.7
Reinsurance contracts accounted for as derivatives	Other revenues	$	(0.1)	$	5.1	$	(0.1)	$	0.3