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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Investments:    
Fixed income securities, available for sale at fair value (amortized cost — $5,305.7 and $5,620.1) $ 5,365.4 $ 5,664.6
Fixed income securities, trading at fair value (amortized cost — $1,642.4 and $1,264.8) 1,665.0 1,265.7
Equity securities, trading at fair value (cost — $407.2 and $554.3) 468.6 584.7
Short-term investments, available for sale at fair value (amortized cost — $34.4 and $145.3) 34.4 145.3
Short-term investments, trading at fair value (amortized cost — $90.3 and $185.4) 90.3 185.4
Catastrophe bonds, trading at fair value (cost — $33.5 and $42.5) 30.3 42.5
Other investments, equity method 4.0 12.1
Total investments 7,658.0 7,900.3
Cash and cash equivalents (including $164.2 and $291.3 within consolidated variable interest entities) 1,209.3 1,273.8
Reinsurance recoverables    
Unpaid losses 1,369.5 560.7
Ceded unearned premiums 446.4 255.2
Receivables    
Underwriting premiums 1,529.0 1,399.4
Other 175.8 95.5
Funds withheld 100.1 73.1
Deferred policy acquisition costs 354.1 358.4
Derivatives at fair value 8.4 7.2
Receivables for securities sold 19.0 1.6
Office properties and equipment 89.8 83.8
Tax recoverable 13.1 0.5
Other assets 1.0 1.0
Intangible assets and goodwill 78.1 79.6
Total assets 13,051.6 12,090.1
Insurance reserves    
Losses and loss adjustment expenses 6,490.6 5,319.9
Unearned premiums 1,926.5 1,618.6
Total insurance reserves 8,417.1 6,938.5
Payables    
Reinsurance premiums 439.4 345.3
Deferred taxation 0.5 6.1
Accrued expenses and other payables 377.9 469.2
Liabilities under derivative contracts 2.9 18.4
Total payables 820.7 839.0
Loan notes issued by variable interest entities, at fair value 101.5 115.0
Long-term debt 549.4 549.3
Total liabilities 9,888.7 8,441.8
Commitments and contingent liabilities (see Note 16) 0.0 0.0
SHAREHOLDERS’ EQUITY    
Ordinary shares, value 0.1 0.1
Preference shares:    
Non-controlling interest 2.2 1.4
Additional paid-in capital 951.8 1,259.6
Retained earnings 2,234.1 2,392.3
Accumulated other comprehensive income, net of taxes (25.3) (5.1)
Total shareholders’ equity 3,162.9 3,648.3
Total liabilities and shareholders’ equity 13,051.6 12,090.1
5.95% preference shares    
Preference shares:    
Preference shares, value 0.0 0.0
7.401% preference shares    
Preference shares:    
Preference shares, value 0.0 0.0
7.250% preference shares    
Preference shares:    
Preference shares, value 0.0 0.0
5.625% preference shares    
Preference shares:    
Preference shares, value $ 0.0 $ 0.0