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Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Revenue and Income (Loss) Before Income Taxes for Each Segment

Revenue and income (loss) before income taxes for each segment were as follows:

 

 

For the Years Ended December 31,

 

(in millions)

2016

 

 

2015

 

 

2014

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

Earned premiums

 

 

 

 

 

 

 

 

 

 

 

Excess and Surplus Lines

$

485.3

 

 

$

471.2

 

 

$

444.6

 

Commercial Specialty

 

364.2

 

 

 

344.2

 

 

 

332.5

 

International Specialty

 

154.5

 

 

 

146.4

 

 

 

144.8

 

Syndicate 1200

 

406.4

 

 

 

409.7

 

 

 

414.6

 

Run-off Lines

 

0.4

 

 

 

0.4

 

 

 

1.6

 

Total earned premiums

 

1,410.8

 

 

 

1,371.9

 

 

 

1,338.1

 

Net investment income

 

 

 

 

 

 

 

 

 

 

 

Excess and Surplus Lines

 

45.2

 

 

 

32.3

 

 

 

43.2

 

Commercial Specialty

 

26.7

 

 

 

19.9

 

 

 

25.6

 

International Specialty

 

16.8

 

 

 

11.4

 

 

 

11.3

 

Syndicate 1200

 

11.9

 

 

 

8.9

 

 

 

10.9

 

Run-off Lines

 

11.3

 

 

 

8.1

 

 

 

12.0

 

Corporate and Other

 

3.2

 

 

 

8.0

 

 

 

3.1

 

Total net investment income

 

115.1

 

 

 

88.6

 

 

 

106.1

 

Fee and other income

 

24.5

 

 

 

22.2

 

 

 

20.7

 

Net realized investment and other gains

 

26.1

 

 

 

24.1

 

 

 

74.5

 

Total revenue

$

1,576.5

 

 

$

1,506.8

 

 

$

1,539.4

 

 

 

For the Years Ended December 31,

 

(in millions)

2016

 

 

2015

 

 

2014

 

Income (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

Excess and Surplus Lines

$

88.4

 

 

$

81.4

 

 

$

103.4

 

Commercial Specialty

 

86.0

 

 

 

43.0

 

 

 

24.8

 

International Specialty

 

38.2

 

 

 

29.0

 

 

 

23.8

 

Syndicate 1200

 

13.4

 

 

 

35.4

 

 

 

45.2

 

Run-off Lines

 

(15.2

)

 

 

(7.4

)

 

 

(20.7

)

Total segment income before taxes

 

210.8

 

 

 

181.4

 

 

 

176.5

 

Corporate and Other

 

(55.0

)

 

 

(28.0

)

 

 

(35.0

)

Net realized investment and other gains

 

26.1

 

 

 

24.1

 

 

 

74.5

 

Total income before income taxes

$

181.9

 

 

$

177.5

 

 

$

216.0

 

 

Schedule of Earned Premiums by Geographic Location

The table below presents earned premiums by geographic location. For this disclosure, we determine geographic location by the country of domicile of our subsidiaries that underwrite the business and not by the location of insureds or reinsureds from whom the business was generated.

 

 

For the Years Ended December 31,

 

(in millions)

2016

 

 

2015

 

 

2014

 

Bermuda

$

112.6

 

 

$

103.4

 

 

$

101.5

 

Brazil

 

39.2

 

 

 

43.1

 

 

 

44.3

 

Malta

 

2.1

 

 

 

1.9

 

 

 

2.1

 

United Kingdom

 

406.9

 

 

 

407.4

 

 

 

411.7

 

United States

 

850.0

 

 

 

816.1

 

 

 

778.5

 

Total earned premiums

$

1,410.8

 

 

$

1,371.9

 

 

$

1,338.1

 

 

Identifiable Assets

The following table represents identifiable assets:

 

 

 

December 31,

 

(in millions)

 

2016

 

 

2015

 

Excess and Surplus Lines

 

$

2,259.3

 

 

$

2,174.8

 

Commercial Specialty

 

 

1,701.9

 

 

 

1,511.7

 

International Specialty

 

 

970.6

 

 

 

877.2

 

Syndicate 1200

 

 

1,386.3

 

 

 

1,216.5

 

Run-off Lines

 

 

537.0

 

 

 

558.4

 

Corporate and Other

 

 

349.9

 

 

 

287.0

 

Total

 

$

7,205.0

 

 

$

6,625.6

 

 

Schedule of Goodwill and Intangible Assets Net of Accumulated Amortization

The following table represents goodwill and intangible assets, net of accumulated amortization as of December 31:

 

 

 

Goodwill

 

 

Intangible Assets, Net of

Accumulated Amortization

 

(in millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Excess and Surplus Lines

 

$

68.4

 

 

$

68.4

 

 

$

 

 

$

 

Commercial Specialty

 

 

55.1

 

 

 

55.1

 

 

 

3.7

 

 

 

6.3

 

Syndicate 1200

 

 

28.7

 

 

 

28.7

 

 

 

64.0

 

 

 

67.0

 

Total

 

$

152.2

 

 

$

152.2

 

 

$

67.7

 

 

$

73.3