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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed income securities, available for sale at fair value (amortized cost — $5,016.5 and $5,282.3) $ 5,040.5 $ 5,230.7
Fixed income securities, trading at fair value (amortized cost — $1,273.1 and $1,205.0) 1,289.3 1,187.8
Short-term investments, available for sale at fair value (amortized cost — $160.7 and $105.6) 160.9 105.6
Short-term investments, trading at fair value (amortized cost — $ 81.0 and $9.5) 81.0 9.5
Catastrophe bonds, trading at fair value (cost — $39.5 and $37.9) 38.1 36.2
Investments, equity method 67.0 67.1
Other investments 104.0 102.5
Total investments 6,780.8 6,739.4
Cash and cash equivalents (including $21.2 and $26.9 within consolidated variable interest entities) 975.9 1,083.7
Reinsurance recoverables    
Unpaid losses 2,122.9 2,077.6
Ceded unearned premiums 647.5 558.8
Receivables    
Underwriting premiums 1,686.6 1,459.3
Other 139.9 121.2
Funds withheld 92.0 91.8
Deferred policy acquisition costs 288.4 248.5
Derivatives at fair value 10.8 14.6
Receivables for securities sold 6.4 3.2
Office properties and equipment 72.5 73.1
Right-of-use operating lease assets 91.4 0.0
Deferred tax assets 35.6 35.4
Other assets 1.5 0.0
Intangible assets and goodwill 25.9 26.3
Total assets 12,978.1 12,532.9
Insurance reserves    
Losses and loss adjustment expenses 7,000.3 7,074.2
Unearned premiums 1,917.6 1,709.1
Total insurance reserves 8,917.9 8,783.3
Payables    
Reinsurance premiums 544.2 405.6
Current taxation 5.0 0.1
Accrued expenses and other payables 218.5 248.1
Operating lease liabilities 93.9 0.0
Liabilities under derivative contracts 56.7 15.1
Total payables 918.3 668.9
Long-term debt 424.7 424.7
Total liabilities 10,260.9 9,876.9
Commitments and contingent liabilities (see Note 17) 0.0 0.0
SHAREHOLDERS’ EQUITY    
Ordinary shares, value 0.6 0.1
Preference shares:    
Non-controlling interest 3.5 3.7
Additional paid-in capital 967.8 967.5
Retained earnings 1,807.4 1,806.6
Accumulated other comprehensive income, net of taxes (62.1) (121.9)
Total shareholders’ equity 2,717.2 2,656.0
Total liabilities and shareholders’ equity 12,978.1 12,532.9
5.95% preference shares    
Preference shares:    
Preference shares, value 0.0 0.0
5.625% preference shares    
Preference shares:    
Preference shares, value $ 0.0 $ 0.0