Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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 Three Months Ended June 30,				For the Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
Revenue:
Earned premiums
U.S. Operations	$	311.2	$	332.8	$	636.8	$	669.2
International Operations	18.6		121.3		82.9		265.5
Run-off Lines	0.1		0.2		0.1		0.2
Total earned premiums	329.9		454.3		719.8		934.9
Net investment income
U.S. Operations	27.1		20.0		51.5		45.6
International Operations	5.0		8.7		9.6		20.1
Run-off Lines	0.7		0.6		1.4		1.3

Total net investment income	32.8		29.3		62.5		67.0
Net investment and other gains (losses)	1.6		(40.4)		(16.3)		(74.9)
Total revenue	$	364.3	$	443.2	$	766.0	$	927.0


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
Income (loss) before income taxes
U.S. Operations	$	(4.6)	$	43.0	$	(9.2)	$	86.9
International Operations	9.5		2.6		11.9		25.3
Run-off Lines	(0.3)		(1.5)		(1.0)		(2.5)
Total segment income (loss) before income taxes	4.6		44.1		1.7		109.7
Corporate and Other	(9.1)		(18.1)		(27.9)		(34.3)
Net investment and other gains (losses)	1.6		(40.4)		(16.3)		(74.9)
Foreign currency exchange gains (losses)	(0.7)		10.3		(3.4)		7.4

Total income (loss) before income taxes	$	(3.6)	$	(4.1)	$	(45.9)	$	7.9

Schedule of Earned Premiums by Geographic Location

The table below presents earned premiums by geographic location for the three and six months ended June 30, 2023 and 2022. 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 Three Months Ended June 30,				For the Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
United States	$	311.3	$	333.0	$	636.9	$	669.4
United Kingdom	—		109.0		48.3		236.1
Bermuda	18.6		11.0		34.6		17.4
Malta	—		1.3		—		3.6
All other jurisdictions	—		—		—		8.4
Total earned premiums	$	329.9	$	454.3	$	719.8	$	934.9

Identifiable Assets

The following table represents identifiable assets:


(in millions)	June 30, 2023		December 31, 2022
U.S. Operations	$	6,002.6	$	5,815.0
International Operations	1,807.0		3,791.6
Run-off Lines	259.2		284.4
Corporate and Other	118.3		143.4
Total assets	$	8,187.1	$	10,034.4