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Earnings per Ordinary Share (Tables) | 9 Months Ended
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Sep. 30, 2018
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings per Share | The following table sets forth the computation of basic and diluted earnings per ordinary share for the three and nine months ended September 30, 2018 and 2017, respectively:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| ($ in millions, except share and per share amounts)
Net (loss)/income | $ | (15.1 | ) |  | $ | (253.8 | ) |  | $ | 1.0 |  |  | $ | (81.5 | )
Preference share dividends | (7.6 | ) |  | (7.7 | ) |  | (22.8 | ) |  | (28.7 | )
Preference share redemption costs (1) | — |  |  | (5.6 | ) |  | — |  |  | (8.0 | )
Net amount attributable to non-controlling interest | 0.1 |  |  | (0.6 | ) |  | (0.2 | ) |  | (0.8 | )
Basic and diluted net (loss) available to ordinary shareholders (2) | $ | (22.6 | ) |  | $ | (267.7 | ) |  | $ | (22.0 | ) |  | $ | (119.0 | )
Ordinary shares: |  |  |  |  |  |  |
Basic weighted average ordinary shares | 59,692,623 |  |  | 59,759,730 |  |  | 59,637,361 |  |  | 59,862,540 |
Weighted average effect of dilutive securities (2) (3) | — |  |  | — |  |  | — |  |  | — |
Total diluted weighted average ordinary shares | 59,692,623 |  |  | 59,759,730 |  |  | 59,637,361 |  |  | 59,862,540 |
(Loss)/earnings per ordinary share: |  |  |  |  |  |  |
Basic | $ | (0.38 | ) |  | $ | (4.48 | ) |  | $ | (0.37 | ) |  | $ | (1.99 | )
Diluted (2) | $ | (0.38 | ) |  | $ | (4.48 | ) |  | $ | (0.37 | ) |  | $ | (1.99 | )
(1) | The $8.0 million deduction from net income in 2017 is attributable to the reclassification from additional paid-in capital to retained earnings representing the difference between the capital raised upon issuance of the 7.401% and 7.250% Perpetual Non-Cumulative Preference Shares, net of issuance costs, and the final redemption costs of $293.2 million.
(2) | The basic and diluted number of ordinary shares was the same because the inclusion of dilutive securities in a loss-making period would be anti-dilutive.
(3) | Dilutive securities consist of employee restricted share units and performance shares associated with the Company’s long-term incentive plan, employee share purchase plans and director restricted share units as described in Note 14.
Summary of Declared Dividends | Dividends. On October 24, 2018, the Company’s Board of Directors (the “Board of Directors”) declared the following quarterly dividends:
| Dividend |  | Payable on: |  | Record Date:
5.95% preference shares | $ | 0.3719 |  |  | January 1, 2019 |  | December 15, 2018
5.625% preference shares | $ | 0.3516 |  |  | January 1, 2019 |  | December 15, 2018

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- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586 + Details
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