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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Fixed maturities, at fair value (amortized cost of $8,373.2 and $8,294.5) $ 7,678.2 $ 7,481.8
Equity securities, at fair value 234.8 241.9
Other investments 795.0 786.1
Total investments 8,708.0 8,509.8
Cash and cash equivalents 181.5 305.0
Accrued investment income 53.9 54.5
Premiums and accounts receivable, net 1,600.4 1,601.4
Reinsurance recoverable on paid and unpaid losses and unearned premiums 1,972.7 1,964.5
Deferred acquisition costs 597.8 604.8
Deferred income tax asset 181.0 199.2
Goodwill 178.8 178.8
Other assets 530.2 493.0
Assets of discontinued businesses 87.4 84.1
Total assets 14,091.7 13,995.1
Liabilities    
Loss and loss adjustment expense reserves 7,143.4 7,012.6
Unearned premiums 2,969.2 2,954.2
Expenses and taxes payable 618.6 731.7
Reinsurance premiums payable 76.2 70.3
Debt 782.6 782.4
Liabilities of discontinued businesses 112.7 110.2
Total liabilities 11,702.7 11,661.4
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued 0.6 0.6
Additional paid-in capital 1,913.6 1,913.1
Accumulated other comprehensive loss (607.7) (701.5)
Retained earnings 2,951.6 2,992.9
Treasury stock at cost (24.8 million and 24.9 million shares) (1,869.1) (1,871.4)
Total shareholders’ equity 2,389.0 2,333.7
Total liabilities and shareholders’ equity $ 14,091.7 $ 13,995.1