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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net premiums earned $ 167.9 $ 174.8
Net investment income 19.9 21.8
Net realized and unrealized (losses) gains on investments (61.1) 23.3
Other income 0.3 0.4
Total revenues 127.0 220.3
Expenses    
Losses and loss adjustment expenses 104.3 88.6
Commission expense 21.3 22.0
Underwriting and general and administrative expenses 46.7 47.5
Interest and financing expenses 0.0 0.4
Total expenses 172.3 158.5
Net (loss) income before income taxes (45.3) 61.8
Income tax (benefit) expense (10.4) 10.0
Net (loss) income (34.9) 51.8
Comprehensive (loss) income    
Unrealized AFS investment (losses) gains arising during the period (net of tax benefit (expense) of $7.6 and $(10.0) for the three months ended March 31, 2020 and 2019, respectively) (29.2) 37.8
Reclassification adjustment for realized AFS investment losses (gains) in net income (net of tax benefit (expense) of $1.4 and $(0.1) for the three months ended March 31, 2020 and 2019, respectively) 5.5 (0.5)
Other comprehensive (loss) income, net of tax (23.7) 37.3
Total comprehensive (loss) income (58.6) 89.1
Net realized and unrealized (losses) gains on investments    
Net realized and unrealized (losses) gains on investments before impairments (61.1) 23.3
Other than temporary impairment recognized in earnings 0.0 0.0
Net realized and unrealized (losses) gains on investments $ (61.1) $ 23.3
Earnings (loss) per common share (Note 13):    
Basic $ (1.14) $ 1.60
Diluted (1.14) 1.57
Cash dividends declared per common share and eligible RSUs and PSUs $ 0.25 $ 0.22