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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Reinsurance Premiums

Premiums for the years ended December 31 were as follows:

 

(in millions)    2012     2011     2010  

Direct written premiums

   $ 1,428.6      $ 1,261.3      $ 1,283.2   

Reinsurance ceded to other companies

     (501.2     (473.0     (431.4

Reinsurance assumed from other companies

     317.1        283.5        243.9   
  

 

 

   

 

 

   

 

 

 

Net written premiums

   $ 1,244.5      $ 1,071.8      $ 1,095.7   
  

 

 

   

 

 

   

 

 

 

Direct earned premiums

   $ 1,372.2      $ 1,267.6      $ 1,424.9   

Reinsurance ceded to other companies

     (487.0     (457.5     (465.0

Reinsurance assumed from other companies

     301.3        271.9        251.7   
  

 

 

   

 

 

   

 

 

 

Net earned premiums

   $ 1,186.5      $ 1,082.0      $ 1,211.6   
  

 

 

   

 

 

   

 

 

 

Percentage of reinsurance assumed to net earned premiums

     25.4     25.1     20.8