XML 175 R124.htm IDEA: XBRL DOCUMENT v3.24.3
Income Taxes - Tax Effects of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]    
Operating loss carryforwards $ 217.2 $ 167.6
Capital loss carryforwards 9.7 6.7
Insurance reserves: Losses and loss adjustment expenses 104.1 28.3
Unrealized losses on investments 8.9 20.6
Accrued expenses 13.4 6.1
Foreign tax credit carryforwards 19.0 19.8
Unearned premiums 35.0 36.0
Intangible assets 82.9 0.7
Office properties and equipment 16.5 14.2
Operating lease liability 15.6 18.5
Other temporary differences 7.6 3.7
Total deferred tax assets 529.9 322.2
Less valuation allowance (172.7) (145.7)
Deferred tax assets, net of valuation allowance 357.2 176.5
Deferred acquisition costs (32.4) (37.0)
Operating lease assets (10.4) (13.7)
Deferred Tax Liabilities, GAAP differences 0.1 0.2
Other temporary differences (3.3) (6.4)
Total deferred tax (liabilities) (46.2) (57.3)
Deferred tax assets, net $ 311.0 $ 119.2