v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Fixed maturities, at fair value (amortized cost of $10,211.8 and $9,685.7) $ 9,976.2 $ 9,536.5
Equity securities, at fair value 188.2 184.8
Other investments 637.3 661.4
Total investments 10,801.7 10,382.7
Cash and cash equivalents 243.5 1,122.7
Accrued investment income 76.4 80.1
Premiums and accounts receivable, net 1,855.9 1,861.3
Reinsurance recoverable on paid and unpaid losses and unearned premiums 2,051.7 2,011.1
Deferred acquisition costs 690.8 703.0
Deferred income tax asset 102.3 83.3
Goodwill 178.8 178.8
Other assets 443.3 439.3
Assets of discontinued businesses 83.3 83.6
Total assets 16,527.7 16,945.9
Liabilities    
Loss and loss adjustment expense reserves 7,911.1 7,755.2
Unearned premiums 3,402.0 3,440.4
Expenses and taxes payable 650.5 806.7
Reinsurance premiums payable 43.4 45.2
Short-term debt 50.1 375.0
Long-term debt 793.7 843.3
Liabilities of discontinued businesses 106.5 108.6
Total liabilities 12,957.3 13,374.4
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 2,016.0 2,013.5
Accumulated other comprehensive loss (237.9) (171.4)
Retained earnings 3,894.5 3,741.6
Treasury stock at cost (25.4 and 25.1 million shares) (2,102.8) (2,012.8)
Total shareholders’ equity 3,570.4 3,571.5
Total liabilities and shareholders’ equity $ 16,527.7 $ 16,945.9