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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
Total
Ordinary shares
 [1]
Preference shares
Additional paid-in capital
 [1]
Retained earnings
Retained earnings
Ordinary shares
Cumulative foreign currency translation adjustments:
Unrealized (depreciation)/appreciation on available for sale investments:
Gain on derivatives, net of taxes
Beginning balance at Dec. 31, 2021   $ 100,000 $ 753,500,000 [2] $ 761,700,000 $ 1,382,500,000   $ (156,000,000.0) $ 34,600,000 $ (1,600,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income/(loss) for the year $ 51,100,000                
Dividends           $ (40,000,000.0)      
Preference share dividends 44,600,000                
Change for the year, net of income taxes (367,800,000)           (30,900,000) (367,800,000)  
Shares issued [2]     0            
Net change from current period hedged transactions             15,400,000    
Ending balance at Dec. 31, 2022 2,358,000,000 100,000 753,500,000 [2] 761,700,000 1,349,000,000   (186,900,000) (333,200,000) 13,800,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Total accumulated other comprehensive (loss)/income (506,300,000)                
Net income/(loss) for the year 534,700,000                
Dividends           (40,300,000)      
Preference share dividends 49,900,000                
Change for the year, net of income taxes 105,600,000           14,400,000 105,600,000  
Shares issued [2]     0            
Net change from current period hedged transactions             (14,000,000.0)    
Ending balance at Dec. 31, 2023 2,908,500,000 100,000 753,500,000 [2] 761,700,000 1,793,500,000   (172,500,000) (227,600,000) (200,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Total accumulated other comprehensive (loss)/income (400,300,000)                
Net income/(loss) for the year 486,100,000                
Dividends (54,948,800)         $ (195,000,000.0)      
Preference share dividends 54,900,000                
Change for the year, net of income taxes 29,400,000           (14,100,000) 29,400,000  
Shares issued [2]     217,000,000.0            
Net change from current period hedged transactions             (5,100,000)    
Ending balance at Dec. 31, 2024 3,371,900,000 $ 100,000 $ 970,500,000 [2] $ 761,700,000 $ 2,029,700,000   $ (186,600,000) $ (198,200,000) $ (5,300,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Total accumulated other comprehensive (loss)/income $ (390,100,000)                
[1] The results of the March 30, 2025 Ordinary Shares Exchange have been applied retroactively for all periods.
[2] Preference shares of $1,000.0 million, less issuance costs of $29.5 million (December 31, 2023 and 2022 — $775.0 million and $21.5 million).