v3.26.1
Reserves for Losses and Adjustment Expenses - Reconciliation of Beginning and Ending Consolidated Loss and Loss Adjustment Expenses (LAE) Reserves (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Insurance [Abstract]        
Provision for losses and LAE, beginning balance $ 8,122.6 [1] $ 7,810.6 $ 7,710.9  
Less unpaid losses recoverable from reinsurers at the start of the year   (4,172.0) (4,577.8) $ (4,897.7)
Net losses and LAE reserves, beginning balance 3,950.6 3,232.8 2,813.2  
Net incurred losses and loss adjustment expenses related to:        
Current year 1,654.3 1,682.2 1,492.2  
Prior Year (107.6) 35.6 60.8  
Total incurred 1,546.7 1,717.8 1,553.0  
Net paid losses and loss adjustment expenses related to:        
Current year (203.8) (200.2) (161.1)  
Prior years (939.8) (741.3) (1,011.9)  
Total paid (1,143.6) (941.5) (1,173.0)  
Foreign exchange losses/(gains) 89.4 (58.5) 39.6  
Net Reserves for Losses and LAE  4,443.1 3,950.6 3,232.8 $ 2,813.2
Plus unpaid losses recoverable from reinsurers at the end of the year 4,281.9 4,172.0 4,577.8  
Reserve for losses and loss adjustment expenses at the end of the year 8,725.0 [1] 8,122.6 [1] 7,810.6  
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]        
Reinsurance recoverable on unpaid losses 4,281.9 4,172.0    
Prior Year $ (107.6) $ 35.6 $ 60.8  
[1] Included within underwriting premiums receivables, reserve for losses and loss adjustment expenses and unearned premiums are related party balances of $1.6 million, $3.7 million and $1.2 million, respectively. Refer to Note 20, “Related Party Transactions” for further details.