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Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the Company’s Debt:

			December 31, 2020						September 30, 2021
Senior bank debt			$	349.8					$	349.8
Senior notes			1,091.9						1,093.1
Junior subordinated notes			556.4						751.4
Junior convertible securities			314.0						297.5
Debt			$	2,312.1					$	2,491.8

Schedule of Principal Terms of Senior and Junior Subordinated Notes

The principal terms of the senior notes outstanding as of September 30, 2021 were as follows:

2024 Senior Notes

2025 Senior Notes

2030 Senior Notes

Issue date

February 2014

February 2015

June 2020

Maturity date

February 2024

August 2025

June 2030

Par value (in millions)

$

400.0

$

350.0

$

350.0

Stated coupon

4.25

%

3.50

%

3.30

%

Coupon frequency

Semi-annually

Semi-annually

Semi-annually

Potential call date

Any time

Any time

Any time

Call price

As defined

As defined

As defined

The principal terms of the junior subordinated notes outstanding as of September 30, 2021 were as follows:

2059 Junior Subordinated Notes

2060 Junior Subordinated Notes

2061 Junior Subordinated Notes

Issue date

March 2019

September 2020

July 2021

Maturity date

March 2059

September 2060

September 2061

Par value (in millions)

$

300.0

$

275.0

$

200.0

Stated coupon

5.875

%

4.75

%

4.20

%

Coupon frequency

Quarterly

Quarterly

Quarterly

Potential call date

March 2024

September 2025

September 2026

Call price

As defined

As defined

As defined

Listing

NYSE

NYSE

NYSE

X

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