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Debt (Tables)
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company’s Debt:
December 31,
2020		June 30,
2021
Senior bank debt$349.8 $349.8 
Senior notes1,091.9 1,092.7 
Junior subordinated notes556.4 556.4 
Junior convertible securities314.0 300.4 
Debt$2,312.1 $2,299.3 
Schedule of Principal Terms of Senior and Junior Subordinated Notes
The principal terms of the senior notes and junior subordinated notes outstanding as of June 30, 2021 were as follows:
2024
Senior Notes		2025
Senior Notes		2030
Senior Notes		2059
Junior Subordinated Notes		2060
Junior Subordinated Notes
Issue dateFebruary 2014February 2015June 2020March 2019September 2020
Maturity dateFebruary 2024August 2025June 2030March 2059September 2060
Par value (in millions)$400.0 $350.0 $350.0 $300.0 $275.0 
Stated coupon4.25 %3.50 %3.30 %5.875 %4.75 %
Coupon frequencySemi-annuallySemi-annuallySemi-annually
Quarterly(3)
Quarterly(3)
Potential call date
Any time(1)
Any time(1)
Any time(1)
March 2024(2)
September 2025(2)
Call price
As defined(1)
As defined(1)
As defined(1)
As defined(2)
As defined(2)
ListingN.A.N.A.N.A.NYSENYSE
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(1)The 2024, 2025, and 2030 senior notes may be redeemed, in whole or in part, at any time, in the case of the 2024 and 2025 senior notes, and at any time prior to March 15, 2030, in the case of the 2030 senior notes. In each case, the senior notes may be redeemed at a make-whole redemption price plus accrued and unpaid interest. The make-whole redemption price, in each case, is equal to the greater of 100% of the principal amount of the notes to be redeemed and the remaining principal and interest payments on the notes being redeemed (excluding accrued but unpaid interest to, but not including, the redemption date) discounted to their present value as of the redemption date at the applicable treasury rate plus 0.25%, in the case of the 2024 and the 2025 senior notes, and to their present value as of the redemption date on a semi-annual basis at the applicable treasury rate plus 0.40%, in the case of the 2030 senior notes.
(2)The 2059 and 2060 junior subordinated notes may be redeemed at any time, in whole or in part, on or after March 30, 2024, in the case of the 2059 junior subordinated notes, and on or after September 30, 2025, in the case of the 2060 junior subordinated notes. In each case, the junior subordinated notes may be redeemed at 100% of the principal amount of the notes being redeemed plus any accrued and unpaid interest thereon.  Prior to the applicable redemption date, at the Company’s option, the applicable junior subordinated notes may also be redeemed, in whole but not in part, at 100% of the principal amount, plus any accrued and unpaid interest, if certain changes in tax laws, regulations, or interpretations occur; or at 102% of the principal amount, plus any accrued and unpaid interest, if a rating agency makes certain changes relating to the equity credit criteria for securities with features similar to the applicable notes.
(3)The Company may, at its option, and subject to certain conditions and restrictions, defer interest payments subject to the terms of the junior subordinated notes.