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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Ordinary shares
Preference shares
7.401% preference shares
Non-controlling interest
Additional paid-in capital
Additional paid-in capital
Ordinary shares
Additional paid-in capital
Preference shares
Retained earnings
Retained earnings
Ordinary shares
Retained earnings
Preference shares
Cumulative foreign currency translation adjustments, net of taxes:
Loss on derivatives, net of taxes:
Unrealized appreciation on investments, net of taxes:
Shareholder's equity, beginning balance at Dec. 31, 2015         $ 1.3 $ 1,075.3     $ 2,283.6     $ 0.6 $ (1.2) $ 60.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net change attributable to non-controlling interest for the period $ (0.2)       0.2       (0.2)          
New ordinary shares issued             $ 1.9              
Ordinary shares repurchased and cancelled (43.5)           (43.5)              
Share-based compensation [1]           6.8                
Net income for the period 179.3               179.3          
Dividends on ordinary shares                   $ (26.2)        
Dividends on preference shares (18.9)                   $ (18.9)      
Preference shares redemption 0.0             $ 0.0 [2]     0.0 [2]      
Change for the period, net of income tax                       (12.8)   114.1
Shareholder's equity, ending balance at Jun. 30, 2016 3,616.8 $ 0.1 $ 0.0   1.5 1,040.5     2,417.6     (12.2) (5.0) 174.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Preference share redemption               0.0            
Shareholder's equity, beginning balance at Dec. 31, 2015         1.3 1,075.3     2,283.6     0.6 (1.2) 60.2
Shareholder's equity, ending balance at Dec. 31, 2016 3,648.3       1.4 1,259.6     2,392.3     (27.1) (0.5) 22.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Preference shares, rate       7.401%                    
Net change from current period hedged transactions                         (3.8)  
Total accumulated other comprehensive (loss)/income, net of taxes 157.1                          
Cumulative effect of new accounting principle in period of adoption | Accounting Standards Update 2016-09 [3]                 0.0          
Total accumulated other comprehensive (loss)/income, net of taxes (5.1)                          
Net change attributable to non-controlling interest for the period (0.2)       0.2       (0.2)          
New ordinary shares issued             0.4              
Ordinary shares repurchased and cancelled (10.0)           $ (10.0)              
Share-based compensation [1]           6.0                
Net income for the period 172.3               172.3          
Dividends on ordinary shares                   $ (27.6)        
Dividends on preference shares (21.0)                   (21.0)      
Preference shares redemption (2.4)             2.4 [2]     $ (2.4) [2]      
Change for the period, net of income tax                       (34.2)   13.9
Shareholder's equity, ending balance at Jun. 30, 2017 3,620.9 $ 0.1 $ 0.0   $ 1.6 1,125.2     2,516.2     $ (61.3) 2.7 $ 36.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Preference shares, rate       7.401%                    
Preference share redemption               $ 133.2            
Net change from current period hedged transactions                         $ 3.2  
Total accumulated other comprehensive (loss)/income, net of taxes $ (22.2)                          
Cumulative effect of new accounting principle in period of adoption | Accounting Standards Update 2016-09           $ 7.9     $ 2.8 [3]          
[1] The balance includes $7.9 million reclassification from accrued expenses and other payable as a result of the classification of restricted share units as equity following the adoption of ASU 2016-09. The adjustment has been applied using a modified retrospective approach.
[2] The $2.4 million reclassification from additional paid-in capital to retained earnings is the difference between the capital raised upon issuance of the 7.401% Perpetual Non-Cumulative Preference Shares, net of issuance costs, and the final redemption costs of $133.2 million.
[3] The $2.8 million relates to the cumulative effect-adjustment to opening retained earnings as a result of the classification of restricted share units as equity following the adoption of ASU 2016-09. The adjustment has been applied using a modified retrospective approach.