v3.26.1
Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance [Abstract]  
Schedule of Reinsurance on Earned Premiums and Loss and Loss Adjustment Expenses
The impacts of reinsurance on written and earned premiums and loss and loss adjustment expenses were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Written premiums:
Direct$702.0 $781.2 $1,378.5 $1,582.0 
Assumed40.6 130.1 208.0 203.3 
Gross742.6 911.3 1,586.5 1,785.3 
Ceded(568.4)(892.5)(1,261.6)(1,694.1)
Net written premiums$174.2 $18.8 $324.9 $91.2 
Earned premiums:
  Direct $633.4 $701.2 $1,293.1 $1,343.3 
  Assumed 136.3 82.1 258.7 158.8 
Gross769.7 783.3 1,551.8 1,502.1 
Ceded (640.6)(712.7)(1,292.9)(1,368.5)
Net earned premiums$129.1 $70.6 $258.9 $133.6 
Loss and LAE:
  Direct $329.0 $366.3 $672.2 $731.8 
  Assumed 71.2 29.1 135.3 46.4 
Gross400.2 395.4 807.5 778.2 
Ceded(328.5)(344.1)(654.0)(681.7)
 Net loss and LAE $71.7 $51.3 $153.5 $96.5 
Schedule of Reinsurance Recoverable The balances were as follows:
(in millions)June 30, 2026December 31, 2025
Reinsurance recoverables on unpaid losses and LAE$2,092.9 $1,682.3 
Other reinsurance recoverables:
Reinsurance recoverables on paid losses and LAE763.7 512.7 
Deposit assets (1)
61.4 69.5 
Commutation consideration receivable116.7 12.0 
Total other reinsurance recoverables941.8 594.2 
Reinsurance recoverables$3,034.7 $2,276.5 
(1) Reduction of $8.1 million from December 31, 2025 to June 30, 2026 corresponds to the $8.4 million reduction in deposit asset attributed to recoveries, partially offset by $0.3 million of income amortization for the six months ended June 30, 2026.