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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ (18.8) $ 91.2
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization and depreciation 5.0 6.7
Share-based payments expense 2.9 4.6
Deferred income tax (benefit) provision, net (19.8) 5.3
Net realized investment loss (gains) 36.1 (52.5)
Undistributed earnings from alternative investment portfolio (2.5) (1.9)
Loss on disposals of long-lived assets, net 0.2 0.0
Change in:    
Accrued investment income 2.5 (0.3)
Receivables 217.6 1.8
Deferred acquisition costs 1.1 (0.5)
Ceded unearned premiums (111.5) (104.9)
Reserves for losses and loss adjustment expenses (78.8) 15.2
Unearned premiums 59.2 43.9
Ceded reinsurance payable and funds held (96.0) 75.8
Income taxes 16.3 3.2
Accrued underwriting expenses and other liabilities (30.2) 6.7
Other, net (14.7) (38.7)
Cash (used in) provided by operating activities (31.4) 55.6
Cash flows from investing activities:    
Sales of fixed maturity investments 594.1 235.5
Maturities and mandatory calls of fixed maturity investments 158.2 65.8
Sales of equity securities 24.8 15.0
Sales of other investments 19.2 22.0
Purchases of fixed maturity investments (831.1) (358.9)
Purchases of equity securities (12.2) (12.1)
Purchases of other investments (5.9) (13.2)
Change in foreign regulatory deposits and voluntary pools 3.9 (0.3)
Change in short-term investments 112.3 38.3
Settlements of foreign currency exchange forward contracts 3.1 3.6
Purchases of fixed assets (2.3) (7.3)
Other, net (2.8) (20.1)
Cash provided by (used in) investing activities 61.3 (31.7)
Cash flows from financing activities:    
Activity under stock incentive plans 0.3 0.3
Payment of cash dividends to common shareholders (10.7) (10.8)
Cash used in financing activities (10.4) (10.5)
Effect of exchange rate changes on cash 1.4 0.1
Change in cash 20.9 13.5
Cash, beginning of year 137.8 139.2
Cash, end of period $ 158.7 $ 152.7