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Reclassifications from Accumulated Other Comprehensive Income (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income Reclassification | The following table sets out the components of the Company’s AOCI that are reclassified into the condensed consolidated statement of operations for the twelve months ended December 31, 2023, 2022 and 2021:
|  | Amount Reclassified from AOCI |  |
Details about the AOCI Components |  | Twelve Months Ended December 31, 2023 |  | Twelve Months Ended December 31, 2022 |  | Twelve Months Ended December 31, 2021 |  | Affected Line Item in the Consolidated Statement of Operations
|  | ($ in millions) |  |
Available for sale: |  |  |  |
Realized (gains) on sale of securities |  | $ | (2.2) |  |  | $ | (3.9) |  |  | $ | (24.8) |  |  | Realized and unrealized investment gains
Realized losses on sale of securities |  | 42.4 |  |  | 58.9 |  |  | 4.4 |  |  | Realized and unrealized investment losses
|  | 40.2 |  |  | 55.0 |  |  | (20.4) |  |  | Income from operations before income tax
Tax on net realized gains of securities |  | (6.6) |  |  | — |  |  | — |  |  | Income tax (expense)/benefit
|  | $ | 33.6 |  |  | $ | 55.0 |  |  | $ | (20.4) |  |  | Net income
Realized derivatives: |  |  |  |  |  |  |  |
Net realized gains on settled derivatives |  | (8.1) |  |  | 15.4 |  |  | (6.2) |  |  | General, administrative and corporate expenses
Tax on settled derivatives |  | — |  |  | — |  |  | — |  |  | Income tax (expense)/benefit
|  | $ | (8.1) |  |  | $ | 15.4 |  |  | $ | (6.2) |  |  | Net income
Total reclassifications from AOCI to the statement of operations, net of income tax |  | $ | 25.5 |  |  | $ | 70.4 |  |  | $ | (26.6) |  |  | Net income
The following tables set out the components of the Company’s accumulated other comprehensive (loss) (“AOCI”) that are reclassified into the consolidated statement of operations for the three and nine months ended September 30, 2024 and 2023:
|  | Amount Reclassified from AOCI |
Details about the AOCI Components |  | Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023 |  | Affected Line Item in the Consolidated Statement of Operations
|  | ($ in millions) |  |
Available for sale: |  |  |  |
Realized (gains) on sale of securities |  | $ | (1.5) |  |  | $ | (0.1) |  |  | Realized and unrealized investment gains
Realized losses on sale of securities |  | 10.9 |  |  | 8.7 |  |  | Realized and unrealized investment losses
|  | 9.4 |  |  | 8.6 |  |  | Income from operations before income taxes
Tax on net realized losses on sale of securities |  | (1.5) |  |  | (2.3) |  |  | Income tax (expense)
|  | $ | 7.9 |  |  | $ | 6.3 |  |  | Net income
Realized derivatives: |  |  |  |  |  |
Net realized losses on settled derivatives |  | $ | 0.3 |  |  | $ | 2.4 |  |  | General, administrative and corporate expenses
Tax on settled derivatives |  | — |  |  | — |  |  | Income tax (expense)
|  | $ | 0.3 |  |  | $ | 2.4 |  |  | Net income
Total reclassifications from AOCI to the statement of operations, net of income tax |  | $ | 8.2 |  |  | $ | 8.7 |  |  | Net income
|  | Amount Reclassified from AOCI |
Details about the AOCI Components |  | Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023 |  | Affected Line Item in the Consolidated Statement of Operations
|  | ($ in millions) |  |
Available for sale: |  |  |  |
Realized (gains) on sale of securities |  | $ | (2.1) |  |  | $ | (0.5) |  |  | Realized and unrealized investment gains
Realized losses on sale of securities |  | 37.5 |  |  | 15.9 |  |  | Realized and unrealized investment losses
|  | 35.4 |  |  | 15.4 |  |  | Income from operations before income taxes
Tax on net realized losses on sale of securities |  | (4.5) |  |  | (2.3) |  |  | Income tax (expense)
|  | $ | 30.9 |  |  | $ | 13.1 |  |  | Net income
Realized derivatives: |  |  |  |  |  |
Net realized losses on settled derivatives |  | $ | 0.3 |  |  | $ | 6.1 |  |  | General, administrative and corporate expenses
Tax on settled derivatives |  | — |  |  | — |  |  | Income tax (expense)
|  | $ | 0.3 |  |  | $ | 6.1 |  |  | Net income
Total reclassifications from AOCI to the statement of operations, net of income tax |  | $ | 31.2 |  |  | $ | 19.2 |  |  | Net income

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