v3.26.1
Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net premiums earned $ 174.1 $ 198.3 $ 355.0 $ 381.3
Net investment income 27.4 27.1 55.7 59.2
Net realized and unrealized gains on investments 18.7 20.9 17.0 8.1
Other income     0.1 0.3
Total revenues 220.2 246.3 427.8 448.9
Expenses        
Losses and loss adjustment expenses 122.3 140.1 251.5 260.8
Commission expense 22.2 26.1 45.9 49.1
Underwriting expenses 39.7 43.1 80.6 86.0
Interest and financing expenses 1.3   2.4 0.1
Total expenses 185.5 209.3 380.4 396.0
Net income before income taxes 34.7 37.0 47.4 52.9
Income tax expense 5.6 7.3 8.2 10.4
Net income 29.1 29.7 39.2 42.5
Comprehensive income        
Unrealized AFS investment (losses) gains arising during the period, net of tax benefit (expense) of $1.0 and $(2.0) for the three months ended June 30, 2026 and 2025, respectively, and $5.5 and $(7.7) and for the six months ended June 30, 2026 and 2025, respectively (3.6) 7.4 (20.3) 28.5
Reclassification adjustment for realized AFS investment losses in net income, net of tax benefit of $(0.1) for the three months ended June 30, 2026, and $(0.2) for each of the six months ended June 30, 2026 and 2025, respectively 0.4 0.1 0.8 0.8
Other comprehensive (loss) income, net of tax (3.2) 7.5 (19.5) 29.3
Total comprehensive income $ 25.9 $ 37.2 $ 19.7 $ 71.8
Earnings per common share (Note 13):        
Basic $ 1.60 $ 1.24 $ 2.09 $ 1.76
Diluted 1.59 1.23 2.07 1.74
Cash dividends declared per common share and eligible equity plan awards $ 0.34 $ 0.32 $ 0.66 $ 0.62
Insurance Operations        
Revenues        
Net premiums earned $ 174.1 $ 198.3 $ 355.0 $ 381.3
Net investment income 27.4 27.1 55.7 59.2
Net realized and unrealized gains on investments 18.7 20.9 17.0 8.1
Other income 0.0 0.0 0.1 0.3
Total revenues 220.2 246.3 427.8 448.9
Expenses        
Losses and loss adjustment expenses 122.3 140.1 251.5 260.8
Commission expense 22.2 26.1 45.9 49.1
Interest and financing expenses 1.3 0.0 2.4 0.1
Total expenses 185.5 209.3 380.4 396.0
Net income before income taxes 34.7 37.0 47.4 52.9
Income tax expense 5.6 7.3 8.2 10.4
Net income $ 29.1 $ 29.7 $ 39.2 $ 42.5