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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operations:      
Net income (loss) $ 580.9 $ 712.4 $ (321.9)
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net realized and unrealized investment (gains) losses (434.2) 191.5 246.1
Deferred income tax expense (benefit) (46.9) 12.9 34.7
Amortization of restricted share awards 15.3 14.0 14.7
Amortization (accretion) and depreciation (17.8) 4.3 21.6
Change in fair value of contingent consideration - Ark 48.7 17.3 5.5
Net (income) loss from discontinued operation, net of tax - NSM Group 0.0 (16.4) 22.6
Other operating items:      
Net change in reinsurance recoverables 153.3 (79.8) 88.0
Net change in insurance premiums receivable (67.0) (127.8) (179.3)
Net change in deferred acquisition costs and value of in-force business acquired (22.2) (21.9) (41.8)
Net change in loss and loss adjustment expense reserves 308.6 401.8 198.7
Net change in unearned insurance premiums 147.9 159.3 198.6
Net change in reinsurance payable (170.0) (173.0) (104.2)
Contributions to Kudu’s Participation Contracts (163.8) (99.8) (223.4)
Proceeds from Kudu’s Participation Contracts sold 75.2 137.5 44.4
Net other operating activities (3.9) 80.8 10.7
Net cash provided from (used for) operations - continuing operations 404.1 326.3 (3.7)
Net cash provided from (used for) operations - NSM Group discontinued operations (Note 20) 0.0 38.7 42.3
Net cash provided from (used for) operations 404.1 365.0 38.6
Cash flows from investing activities:      
Net change in short-term investments (495.8) (455.1) 59.8
Sales of fixed maturity investments 195.1 188.7 286.3
Maturities, calls and paydowns of fixed maturity investments 266.5 198.5 199.0
Sales of common equity securities and investment in MediaAlpha 261.6 0.0 176.8
Distributions and redemptions of other long-term investments 116.9 115.4 106.4
Proceeds from the sale of business, net of cash sold 17.3 1,392.0 0.0
Release of cash pre-funded/placed in escrow for Ark Transaction 0.0 0.0 646.3
Release of cash (pre-funding) for ILS funds managed by Elementum 70.0 (70.0) 0.0
Purchases of fixed maturity investments (592.7) (585.5) (1,219.4)
Purchases of common equity securities (114.2) (424.5) (203.4)
Purchases of other long-term investments (265.2) (178.8) (218.0)
Purchases of consolidated subsidiaries, net of cash acquired of $0.0, $0.3, and $52.2 0.0 (67.9) 10.6
Net other investing activities (3.4) (4.4) 3.8
Net cash provided from (used for) investing activities - continuing operations (543.9) 108.4 (151.8)
Net cash provided from (used for) investing activities - NSM Group discontinued operations (Note 20) 0.0 7.1 (56.5)
Net cash provided from (used for) investing activities (543.9) 115.5 (208.3)
Cash flows from financing activities:      
Draw down of debt and revolving lines of credit 12.4 213.8 401.7
Repayment of debt and revolving lines of credit (25.7) (56.7) (120.1)
Cash dividends paid to common shareholders (2.6) (3.0) (3.1)
Repurchases and retirements of common shares (32.7) (615.8) (107.5)
Net contributions from (distributions to) other noncontrolling interests (3.0) (21.6) 0.7
Net (contributions to) distributions from discontinued operations 0.0 11.6 0.0
Issuances of shares to noncontrolling interests 0.0 74.6 6.5
BAM member surplus contributions 72.8 81.4 62.2
Fidus Re premium payments (13.6) (10.1) (8.8)
Net other financing activities (0.4) (1.6) (13.0)
Net cash provided from (used for) financing activities - continuing operations 7.2 (327.4) 218.6
Net cash provided from (used for) financing activities - NSM Group discontinued operations (Note 20) 0.0 (17.5) (1.0)
Net cash provided from (used for) financing activities – continuing operations 7.2 (344.9) 217.6
Net change in cash during the period - continuing operations (132.6) 107.3 63.1
Cash balance at beginning of year 255.0 147.7 84.6
Cash balance at end of year 122.4 255.0 147.7
NSM      
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net gain (loss) from sale of discontinued operations, net of tax 0.0 (886.8) 0.0
Sirius Group      
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net gain (loss) from sale of discontinued operations, net of tax 0.0 0.0 (18.7)
MediaAlpha      
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net realized and unrealized investment (gains) losses (27.1) 93.0 380.3
Investments, Excluding MediaAlpha      
Adjustments to reconcile net income to net cash provided from (used for) operations:      
Net realized and unrealized investment (gains) losses $ (407.1) $ 98.5 $ (134.2)