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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Ordinary shares
Additional paid-in capital
Retained earnings
Retained earnings
Ordinary shares
Retained earnings
Preference shares
Cumulative foreign currency translation adjustments:
Unrealized appreciation on available for sale investments:
Gain on derivatives, net of taxes
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   $ 0.6 $ 1,201.7 $ 1,502.4     $ (165.5) $ 84.5 $ 4.3
Capital contribution $ 268.0                
Net income/(loss) for the year (56.4)                
Dividends         $ 0.0 $ (44.5)      
Change for the year, net of income taxes             (11.9) 108.0  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,887.2 0.6 1,469.7 [1] 1,397.2     (177.4) 192.5 4.6
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Accounting Standards Update 2016-13 [Member] [2]       (4.3)          
Net change from current period hedged transactions                 0.3
Total accumulated other comprehensive (loss)/income 19.7                
Capital contribution 45.0                
Net income/(loss) for the year 29.8                
Dividends         0.0 (44.5)      
Change for the year, net of income taxes             21.4 (157.9)  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,774.8 0.6 1,514.7 [1] 1,382.5     (156.0) 34.6 (1.6)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Accounting Standards Update 2016-13 [Member]       0.0          
Net change from current period hedged transactions                 (6.2)
Total accumulated other comprehensive (loss)/income (123.0)                
Capital contribution 0.0                
Net income/(loss) for the year 51.1                
Dividends         $ (40.0) $ (44.6)      
Change for the year, net of income taxes             (30.9) (367.8)  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,358.0 $ 0.6 $ 1,514.7 [1] 1,349.0     $ (186.9) $ (333.2) 13.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | Accounting Standards Update 2016-13 [Member]       $ 0.0          
Net change from current period hedged transactions                 $ 15.4
Total accumulated other comprehensive (loss)/income $ (506.3)                
[1] Additional paid-in capital includes $775.0 million less issue costs of $21.5 million of share premium in relation to preference shares (December 31, 2021 and 2020 — $775.0 million less issue costs of $21.5 million)
[2] In 2020, the $4.3 million relates to the cumulative effect-adjustment to opening retained earnings as a result of the recognition of current expected credit losses (‘CECL’) in the Company’s available-for-sale investment portfolio and reinsurance recoverables following the adoption of ASU 2016-13.