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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Fixed maturities, at fair value (amortized cost of $9,685.7 and $9,051.5) $ 9,536.5 $ 8,542.2
Equity securities, at fair value 184.8 157.7
Other investments 661.4 709.9
Total investments 10,382.7 9,409.8
Cash and cash equivalents 1,122.7 435.5
Accrued investment income 80.1 69.8
Premiums and accounts receivable, net 1,861.3 1,800.8
Reinsurance recoverable on paid and unpaid losses and unearned premiums 2,011.1 1,994.5
Deferred acquisition costs 703.0 662.8
Deferred income tax asset 83.3 174.2
Goodwill 178.8 178.8
Other assets 439.3 462.6
Assets of discontinued businesses 83.6 85.7
Total assets 16,945.9 15,274.5
Liabilities    
Loss and loss adjustment expense reserves 7,755.2 7,461.2
Unearned premiums 3,440.4 3,283.3
Expenses and taxes payable 806.7 757.8
Reinsurance premiums payable 45.2 37.7
Short-term debt 375.0 61.8
Long-term debt 843.3 722.3
Liabilities of discontinued businesses 108.6 108.6
Total liabilities 13,374.4 12,432.7
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 2,013.5 1,973.6
Accumulated other comprehensive loss (171.4) (456.3)
Retained earnings 3,741.6 3,209.6
Treasury stock at cost (25.1 and 24.6 million shares) (2,012.8) (1,885.7)
Total shareholders’ equity 3,571.5 2,841.8
Total liabilities and shareholders’ equity $ 16,945.9 $ 15,274.5