Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule V - Valuation and Qualifying Accounts

SCHEDULE V - VALUATION AND QUALIFYING ACCOUNTS

For the Twelve Months Ended December 31, 2025, 2024 and 2023

The following table shows the movement in the Company’s valuation and qualifying accounts during the twelve months ended December 31, 2025, 2024 and 2023:


	Balance at Beginning of Year		Charged to Costs and Expenses		Charged to Other Accounts		Deductions		Balance at End of Year

	($ in millions)
2025
Premiums receivable from underwriting activities	$	24.6	$	(1.7)	$	—	$	—	$	22.9
Reinsurance	$	27.5	$	(11.3)	$	—	$	—	$	16.2
Deferred tax valuation allowances	$	(64.0)	$	17.7	$	(2.9)	$	—	$	(49.2)
2024
Premiums receivable from underwriting activities	$	21.0	$	3.6	$	—	$	—	$	24.6
Reinsurance	$	—	$	27.5	$	—	$	—	$	27.5
Deferred tax valuation allowances	$	(172.7)	$	105.5	$	3.2	$	—	$	(64.0)
2023
Premiums receivable from underwriting activities	$	25.0	$	(4.0)	$	—	$	—	$	21.0
Reinsurance	$	—	$	—	$	—	$	—	$	—
Deferred tax valuation allowances	$	(145.7)	$	(21.5)	$	(5.5)	$	—	$	(172.7)