Argo Group International (ARGO-PA) 10-Q 7 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 02, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	ARGO
Entity Registrant Name	Argo Group International Holdings, Ltd.
Entity Central Index Key	1,091,748
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		33,986,441

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017	[1]
Investments:
Fixed maturities available-for-sale, at fair value (cost: 2018 - $3,338.5; 2017 - $3,320.6)	$ 3,301.4	$ 3,343.4
Equity securities, at fair value (cost: 2018 - $368.8; 2017 - $338.2)	492.2	487.4
Other investments (cost: 2018 - $516.3; 2017 - $534.1)	525.9	543.6
Short-term investments, at fair value (cost: 2018 - $449.4; 2017 - $368.5)	449.4	368.5
Total investments	4,768.9	4,742.9
Cash	126.7	176.6
Accrued investment income	24.9	23.5
Premiums receivable	698.1	598.6
Reinsurance recoverables	2,131.6	2,093.3
Goodwill	161.4	161.4
Intangible assets, net of accumulated amortization	111.9	96.8
Current income taxes receivable, net	0	1.4
Deferred acquisition costs, net	161.1	160.4
Ceded unearned premiums	493.4	399.5
Other assets	427.7	309.6
Total assets	9,105.7	8,764
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	4,242.9	4,201
Unearned premiums	1,283.6	1,207.7
Accrued underwriting expenses	116.1	115.3
Ceded reinsurance payable, net	816	734
Funds held	40.8	42.7
Senior unsecured fixed rate notes	139.7	139.6
Other indebtedness	184.6	184.5
Junior subordinated debentures	256.8	256.6
Current income taxes payable, net	13.5	0
Deferred tax liabilities, net	15.1	31.3
Other liabilities	199.5	31.6
Total liabilities	7,308.6	6,944.3
Commitments and contingencies (Note 14)
Shareholders' equity:
Common shares - $1.00 par, 500,000,000 shares authorized; 45,144,646 and 40,385,309 shares issued at June 30, 2018 and December 31, 2017, respectively	45.1	40.4
Additional paid-in capital	1,365.3	1,129.1
Treasury shares (11,129,540 and 10,785,007 shares at June 30, 2018 and December 31, 2017, respectively)	(443.8)	(423.4)
Retained earnings	884.4	977
Accumulated other comprehensive (loss) income, net of taxes	(53.9)	96.6
Total shareholders' equity	1,797.1	1,819.7
Total liabilities and shareholders' equity	$ 9,105.7	$ 8,764
[1]	Derived from audited consolidated financial statements.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Fixed maturities available-for-sale, cost	$ 3,338.5	$ 3,320.6
Equity securities, cost	368.8	338.2
Other investments, cost	516.3	534.1
Short-term investments, cost	$ 449.4	$ 368.5
Common shares, par value (in dollars per share)	$ 1	$ 1
Common shares, shares authorized (in shares)	500,000,000	500,000,000
Common shares, shares issued (in shares)	45,144,646	40,385,309
Treasury shares (in shares)	11,129,540	10,785,007

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Premiums and other revenue:
Earned premiums	$ 417.7	$ 399.1	$ 832.4	$ 778.5
Net investment income	33.2	43.6	69.2	74.1
Fee and other income	1.9	3.8	3.9	7.4
Net realized investment gains (losses):
Net realized investment gains	6.2	4.5	21.4	19.1
Change in fair value of equity securities	4.3	0	(26.6)	0
Net realized investment gains (losses)	10.5	4.5	(5.2)	19.1
Total revenue	463.3	451	900.3	879.1
Expenses:
Losses and loss adjustment expenses	245.5	230.6	482.7	453.1
Underwriting, acquisition and insurance expenses	156.8	154.7	317	308.3
Interest expense	7.8	7	15.5	12.9
Fee and other expense	1.6	3.3	3.6	7.4
Foreign currency exchange (gains) losses	(5.5)	4.6	(0.6)	3.9
Total expenses	406.2	400.2	818.2	785.6
Income before income taxes	57.1	50.8	82.1	93.5
Income tax provision	15.3	4.8	15.5	10.8
Net income	$ 41.8	$ 46	$ 66.6	$ 82.7
Net income per common share:
Basic (in dollars per share)	$ 1.23	$ 1.32	$ 1.96	$ 2.39
Diluted (in dollars per share)	1.20	1.29	1.92	2.32
Dividend declared per common share (in dollars per share)	$ 0.27	$ 0.23	$ 0.54	$ 0.47
Weighted average common shares:
Basic (in shares)	33,938,509	34,731,866	33,903,809	34,643,594
Diluted (in shares)	34,668,918	35,705,484	34,704,811	35,644,640
Net realized investment gains (losses) before other-than-temporary impairment losses	$ 11.4	$ 5.6	$ (3.3)	$ 20.6
Other-than-temporary impairment losses recognized in earnings:
Other-than-temporary impairment losses on fixed maturities	(0.9)	0	(1.9)	0
Other-than-temporary impairment losses on equity securities	0	(1.1)	0	(1.5)
Impairment losses recognized in earnings	(0.9)	(1.1)	(1.9)	(1.5)
Net realized investment gains (losses)	$ 10.5	$ 4.5	$ (5.2)	$ 19.1

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 41.8	$ 46	$ 66.6	$ 82.7
Other comprehensive (loss) income:
Foreign currency translation adjustments	(2.9)	(1.2)	(4)	(0.6)
Unrealized (losses) gains on securities:
(Losses) gains arising during the year	(36.7)	27.5	(61.4)	61.6
Reclassification adjustment for losses (gains) included in net income	15.1	(2.7)	2.6	(18.9)
Other comprehensive (loss) income before tax	(24.5)	23.6	(62.8)	42.1
Unrealized (losses) gains on securities:
(Losses) gains arising during the year	(5.3)	6.1	(9.3)	15.9
Reclassification adjustment for losses (gains) included in net income	2.5	(1)	0.2	(6.2)
Income tax (benefit) provision related to other comprehensive income	(2.8)	5.1	(9.1)	9.7
Other comprehensive (loss) income, net of tax	(21.7)	18.5	(53.7)	32.4
Comprehensive income	$ 20.1	$ 64.5	$ 12.9	$ 115.1

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total		Common Shares [Member]	Additional Paid-In Capital [Member]	Treasury Shares [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning Balance at Dec. 31, 2016	$ 1,792.7		$ 40	$ 1,123.3	$ (378.2)	$ 959.9	$ 47.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	82.7					82.7
Other comprehensive income, net of tax	32.4						32.4
Repurchase of common shares	(2.8)				(2.8)
Activity under stock incentive plans	8.5		0.4	8.1
Retirement of common shares (tax payments on equity compensation)	(6.4)		(0.1)	(6.3)
Employee stock purchase plan	0.8			0.8
Cash dividends declared - common shares	(16.6)					(16.6)
Ending Balance at Jun. 30, 2017	1,891.3		40.3	1,125.9	(381)	1,026	80.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASU | ASU 2016-01 [Member]	0					117.5	(117.5)
Cumulative effect of adoption of ASU | ASU 2018-02 [Member]	0					(20.7)	20.7
Beginning Balance at Dec. 31, 2017	1,819.7	[1]	40.4	1,129.1	(423.4)	977	96.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	66.6					66.6
Other comprehensive income, net of tax	(53.7)						(53.7)
Repurchase of common shares	(20.4)				(20.4)
Activity under stock incentive plans	9.7		0.4	9.3
Retirement of common shares (tax payments on equity compensation)	(6.6)		(0.1)	(6.5)
Employee stock purchase plan	0.5			0.5
15% Stock Dividend	0		4.4	232.9		(237.3)
Cash dividends declared - common shares	(18.7)					(18.7)
Ending Balance at Jun. 30, 2018	$ 1,797.1		$ 45.1	$ 1,365.3	$ (443.8)	$ 884.4	$ (53.9)
[1]	Derived from audited consolidated financial statements.

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	May 08, 2018	Jun. 01, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Stockholders' Equity [Abstract]
Common shares repurchased (in shares)					344,533	46,500
Repurchase of common shares, weighted average price (in dollars per share)					$ 59.20	$ 59.54
Stock divided declared			15.00%		15.00%
Dividend declared per common share (in dollars per share)	$ 0.27	$ 0.23	$ 0.27	$ 0.23	$ 0.54	$ 0.47

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 66.6		$ 82.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization and depreciation	13.8		15.9
Share-based payments expense	11		7.6
Deferred income tax benefit, net	(6.9)		(4.7)
Net realized investment losses (gains)	5.2		(19.1)
Undistributed earnings from alternative investment portfolio	(13.9)		(32.9)
Loss on disposals of fixed assets, net	0		1.7
Change in:
Accrued investment income	(1.2)		(2.1)
Receivables	(53.3)		(103.9)
Deferred acquisition costs	(1.5)		(13.8)
Ceded unearned premiums	(87.4)		(41)
Reserves for losses and loss adjustment expenses	(71.1)		85.4
Unearned premiums	67		53.3
Ceded reinsurance payable and funds held	80.2		57
Income taxes	14.9		5.9
Accrued underwriting expenses	(29.4)		(21.7)
Other, net	131.9		(33)
Cash provided by (used in) operating activities	125.9		37.3
Cash flows from investing activities:
Sales of fixed maturity investments	882		785.8
Maturities and mandatory calls of fixed maturity investments	288.7		335.1
Sales of equity securities	104.9		107.5
Sales of other investments	38.1		65.1
Purchases of fixed maturity investments	(1,237.5)		(1,381.7)
Purchases of equity securities	(113.3)		(67.5)
Purchases of other investments	(23.3)		(16.8)
Change in foreign regulatory deposits and voluntary pools	13.1		(9.5)
Change in short-term investments	(80.7)		309.9
Settlements of foreign currency exchange forward contracts	2.3		0.5
Acquisition of Maybrooke, net of cash acquired			(105.2)
Cash acquired with acquisition of Ariscom	15.6
Purchases of fixed assets	(11)		(10)
Other, net	(16.7)		(27.7)
Cash used in investing activities	(137.8)		(14.5)
Cash flows from financing activities:
Additional long-term borrowings	0		125
Activity under stock incentive plans	0.2		0.5
Repurchase of Company's common shares	(19.4)		(2.8)
Payment of cash dividends to common shareholders	(18.7)		(16.6)
Cash (used in) provided by financing activities	(37.9)		106.1
Effect of exchange rate changes on cash	(0.1)		(0.4)
Change in cash	(49.9)		128.5
Cash, beginning of year	176.6	[1]	86
Cash, end of period	126.7		214.5
Maybrooke [Member]
Cash flows from investing activities:
Acquisition of Maybrooke, net of cash acquired	0		(105.2)
Ariscom [Member]
Cash flows from investing activities:
Cash acquired with acquisition of Ariscom	$ 15.6		$ 0
[1]	Derived from audited consolidated financial statements.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of Argo Group International Holdings, Ltd. (“Argo Group,” “we” or the “Company”) and its subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. The preparation of interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The major estimates reflected in our consolidated financial statements include, but are not limited to, reserves for losses and loss adjustment expenses; reinsurance recoverables, including the reinsurance recoverables allowance for doubtful accounts; estimates of written and earned premiums; reinsurance premium receivable; fair value of investments and assessment of potential impairment; valuation of goodwill and intangibles and our deferred tax asset valuation allowance. Actual results could differ from those estimates. Certain financial information that normally is included in annual financial statements, including certain financial statement footnotes, prepared in accordance with GAAP, is not required for interim reporting purposes and has been condensed or omitted. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017 , filed with the Securities and Exchange Commission on February 27, 2018. Effective March 5, 2018 , we acquired 100% of the capital stock of Ariscom Compagnia di Assicurazioni S.p.A. (“Ariscom”) upon its release from extraordinary administration by the Italian insurance supervisory authority (“IVASS”). The acquisition is being accounted for in accordance with Accounting Standards Codification (“ASC”) 805, “Business Combinations.” See Note 3, “Acquisition of Ariscom,” for additional discussion regarding the acquisition. The Consolidated Financial Statements as of and for the three and six months ended June 30, 2018 and the Notes to the Consolidated Financial Statements reflect the consolidated results of Argo Group and Ariscom commencing on the date of acquisition. The interim financial information as of, and for the three and six months ended June 30, 2018 and 2017 is unaudited. However, in the opinion of management, the interim information includes all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the results presented for the interim periods. The operating results for the interim periods are not necessarily indicative of the results to be expected for the full year. All significant intercompany amounts have been eliminated in consolidation. 15% Stock Dividend On February 20, 2018 , our Board of Directors declared at 15% stock dividend, payable on March 21, 2018 , to shareholders of record at the close of business on March 7, 2018 . As a result of the stock dividend, 4,397,520 additional shares were issued. Cash was paid in lieu of fractional shares of our common shares. Excluding repurchased shares, all references to common shares associated with the recalculation of per share amounts in this document and related disclosures have been adjusted to reflect the stock dividend for all periods presented.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements On February 14, 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2018-2, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” that allows a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings of the stranded tax effects in AOCI resulting from the Tax Cuts and Jobs Act (“TCJA”). Current guidance required the effect of a change in tax laws or rates on deferred tax balances to be reported in income from continuing operations in the accounting period that includes the period of enactment, even if the related income tax effects were originally charged or credited directly to AOCI. The amount of the reclassification would include the effect of the change in the US federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of the enactment of TCJA related to items in AOCI. The updated guidance is effective for reporting periods beginning after December 15, 2018 and is to be applied retrospectively to each period in which the effect of the TCJA related to items remaining in AOCI are recognized or at the beginning of the period of adoption. Early adoption is permitted, including adoption in any interim period for public business entities for reporting periods for which financial statements have not yet been issued. We have adopted the guidance effective January 1, 2018. The adoption of this ASU does not affect the Company’s results of operations, financial position, or liquidity. As a result of adopting this ASU, we reclassified $20.7 million of previously recognized deferred taxes from accumulated other comprehensive income into retained earnings as of January 1, 2018. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments (Topic 230).” ASU 2016-15 will reduce diversity in practice on how eight specific cash receipts and payments are classified on the statement of cash flows. The ASU was effective for fiscal years beginning after December 15, 2017, including interim periods within the year of adoption. This ASU will have an impact on how we present the distributions received from equity method investees in our statement of cash flows. We have adopted this ASU effective January 1, 2018. This ASU did not have a material impact on the classification of specific cash receipts and payments within the cash flow statement. In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments” (Topic 326). ASU 2016-13 requires organizations to estimate credit losses on certain types of financial instruments, including receivables and available-for-sale debt securities, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. The guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within the year of adoption. The guidance requires a modified retrospective transition method and early adoption is permitted. We are currently in the process of evaluating the impact that the adoption of the ASU will have on our financial results and disclosures. In February 2016, the FASB issued ASU 2016-2, “Leases” (Topic 842). ASU 2016-2 requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Additionally, the ASU modifies current guidance for lessors' accounting. The ASU is effective for interim and annual reporting periods beginning on or after January 1, 2019, with early adoption permitted. We do not anticipate that this ASU will have a material impact on our results of operations, but we anticipate an increase to the value of our assets and liabilities related to leases, with no material impact to equity. In January 2016, the FASB issued ASU 2016-1, “Recognition and Measurement of Financial Assets and Financial Liabilities” (Subtopic 825-10). ASU 2016-1 requires equity investments that are not consolidated or accounted for under the equity method of accounting to be measured at fair value with changes in fair value recognized in net income. This ASU also requires us to assess the ability to realize our deferred tax assets related to an available-for-sale debt security in combination with our other deferred tax assets. The ASU was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We have adopted this ASU effective January 1, 2018. Upon adoption of this ASU, cumulative net unrealized gain on equity securities of $117.5 million , net of deferred income taxes, were reclassified from accumulated other comprehensive income into retained earnings as of January 1, 2018. The change in the fair value of the noted investments is now included in “Net realized investment gains” in our consolidated statements of income. The standard increases the volatility of the results reported in our consolidated statements of income, resulting from the remeasurement of our equity investments. In May 2014, the FASB issued ASU 2014-9, “Revenue from Contracts with Customers” (Topic 606), which replaces most existing U.S. GAAP revenue recognition guidance and permits the use of either the retrospective or cumulative effect transition method. In August 2015, “Deferral of the Effective Date” (Topic 606), deferred the effective date of this guidance to interim and annual reporting periods beginning after December 15, 2017. Subsequently, in 2016, the FASB issued implementation guidance related to ASU 2014-9, including: • ASU 2016-8, “Principal versus Agent considerations (Reporting Revenue Gross versus Net)” (Topic 606), which is intended to provide further clarification on the application of the principal versus agent implementations; • ASU 2016-10, “Identifying Performance Obligations and Licensing” (Topic 606), which is intended to clarify the guidance for identifying promised goods or service in a contract with a customer; • ASU 2016-11, “Rescission of SEC Guidance Because of Accounting Standards Updates 2014-9 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting” (Topics 605 & 815); • ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients” (Topic 606), provides additional guidance for quantitative and qualitative disclosures in certain cases, and makes 12 additional technical corrections and improvements to the new revenue standard. We adopted this ASU effective January 1, 2018. The adoption of this standard did not have a material impact on our consolidated financial results.

Acquisition of Ariscom

Acquisition of Ariscom	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Acquisition of Ariscom	Acquisition of Ariscom Effective March 5, 2018 , we acquired 100% of the capital stock of Ariscom upon its release from extraordinary administration by IVASS. We injected an amount of capital into Ariscom necessary to meet certain regulatory requirements and thresholds. As part of this capital infusion, we have become the sole shareholder of Ariscom. The acquisition provides Argo Group with an in-market Italian insurance platform and access to Ariscom’s broker and client network throughout Italy, with longer-term opportunities to expand our presence in continental Europe, particularly Spain and Portugal. The acquisition is being accounted for in accordance with ASC 805, “Business Combinations.” Purchase accounting, as defined by ASC 805, requires that the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. We are in the process of finalizing our determination of fair values, including an independent appraisal of certain assets and liabilities, including intangible assets. We anticipate closing the fair value measurement period by the end of 2018. Ariscom’s financial position, results of operations, and cash flows were not material to our consolidated financial results as of and for the three and six months ended June 30, 2018 .

Investments

Investments	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Included in “Total investments” in our Consolidated Balance Sheets at June 30, 2018 and December 31, 2017 is $113.2 million and $130.8 million , respectively, of assets managed on behalf of the trade capital providers, who are third-party participants that provide underwriting capital to the operations of Syndicate 1200. Fixed Maturities The amortized cost, gross unrealized gains, gross unrealized losses and fair value in fixed maturity investments were as follows: June 30, 2018 (in millions) Amortized Gross Gross Fair Fixed maturities U.S. Governments $ 268.0 $ 0.2 $ 7.0 $ 261.2 Foreign Governments 248.3 1.7 5.9 244.1 Obligations of states and political subdivisions 266.6 5.9 1.8 270.7 Corporate bonds 1,655.2 10.7 30.5 1,635.4 Commercial mortgage-backed securities 145.8 — 2.8 143.0 Residential mortgage-backed securities 375.7 2.0 9.6 368.1 Asset-backed securities 159.4 0.4 1.3 158.5 Collateralized loan obligations 219.5 1.7 0.8 220.4 Total fixed maturities $ 3,338.5 $ 22.6 $ 59.7 $ 3,301.4 December 31, 2017 (in millions) Amortized Gross Gross Fair Fixed maturities U.S. Governments $ 419.9 $ 0.2 $ 5.0 $ 415.1 Foreign Governments 229.0 6.7 2.5 233.2 Obligations of states and political subdivisions 327.7 9.3 1.1 335.9 Corporate bonds 1,514.5 24.4 13.2 1,525.7 Commercial mortgage-backed securities 136.3 0.1 1.5 134.9 Residential mortgage-backed securities 309.3 2.8 2.7 309.4 Asset-backed securities 161.3 0.7 0.8 161.2 Collateralized loan obligations 222.6 5.9 0.5 228.0 Total fixed maturities $ 3,320.6 $ 50.1 $ 27.3 $ 3,343.4 Contractual Maturity The amortized cost and fair values of fixed maturity investments as of June 30, 2018 , by contractual maturity, were as follows: (in millions) Amortized Fair Due in one year or less $ 208.9 $ 208.6 Due after one year through five years 1,482.3 1,465.7 Due after five years through ten years 597.2 588.0 Thereafter 149.7 149.1 Structured securities 900.4 890.0 Total $ 3,338.5 $ 3,301.4 The expected maturities may differ from the contractual maturities because debtors may have the right to call or prepay obligations. Other Investments Details regarding the carrying value and unfunded investment commitments of other investments as of June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 (in millions) Carrying Unfunded Investment Type Hedge funds $ 140.0 $ — Private equity 199.0 114.9 Long only funds 182.6 — Other 4.3 — Total other investments $ 525.9 $ 114.9 December 31, 2017 (in millions) Carrying Unfunded Investment Type Hedge funds $ 163.6 $ — Private equity 179.2 129.9 Long only funds 196.5 — Other 4.3 — Total other investments $ 543.6 $ 129.9 The following describes each investment type: • Hedge funds: Hedge funds include funds that primarily buy and sell stocks, including short sales, multi-strategy credit, relative value credit and distressed credit. • Private equity: Private equity includes buyout funds, real asset/infrastructure funds, credit special situations funds, mezzanine lending funds and direct investments and strategic non-controlling minority investments in private companies that are principally accounted for using the equity method of accounting. • Long only funds: Our long only funds include a fund that primarily owns international stocks and funds that primarily own investment-grade corporate and sovereign fixed income securities. • Other: Other includes participation in investment pools. Unrealized Losses and Other-Than-Temporary Impairments An aging of unrealized losses on our investments in fixed maturities is presented below: June 30, 2018 Less Than One Year One Year or Greater Total (in millions) Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities U.S. Governments $ 223.4 $ 6.1 $ 17.2 $ 0.9 $ 240.6 $ 7.0 Foreign Governments (1) 212.9 5.9 5.0 — 217.9 5.9 Obligations of states and political subdivisions 67.5 1.1 14.6 0.7 82.1 1.8 Corporate bonds 1,195.0 28.7 28.9 1.8 1,223.9 30.5 Commercial mortgage-backed securities 105.2 1.9 15.8 0.9 121.0 2.8 Residential mortgage-backed securities 288.2 8.9 14.0 0.7 302.2 9.6 Asset-backed securities 107.1 1.0 7.0 0.3 114.1 1.3 Collateralized loan obligations 129.8 0.8 — — 129.8 0.8 Total fixed maturities $ 2,329.1 $ 54.4 $ 102.5 $ 5.3 $ 2,431.6 $ 59.7 December 31, 2017 Less Than One Year One Year or Greater Total (in millions) Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities U.S. Governments $ 313.7 $ 1.9 $ 83.7 $ 3.1 $ 397.4 $ 5.0 Foreign Governments 175.2 2.0 35.9 0.5 211.1 2.5 Obligations of states and political subdivisions 33.3 0.5 22.4 0.6 55.7 1.1 Corporate bonds 674.1 9.9 77.7 3.3 751.8 13.2 Commercial mortgage-backed securities 58.2 0.4 37.8 1.1 96.0 1.5 Residential mortgage-backed securities 164.4 1.6 52.4 1.1 216.8 2.7 Asset-backed securities 85.4 0.4 31.9 0.4 117.3 0.8 Collateralized loan obligations (1) 34.6 0.5 0.9 — 35.5 0.5 Total fixed maturities $ 1,538.9 $ 17.2 $ 342.7 $ 10.1 $ 1,881.6 $ 27.3 (1) Unrealized losses one year or greater are less than $0.1 million . We regularly evaluate our investments for other-than-temporary impairment. For fixed maturity securities, the evaluation for a credit loss is generally based on the present value of expected cash flows of the security as compared to the amortized book value. For structured securities, frequency and severity of loss inputs are used in projecting future cash flows of the securities. Loss frequency is measured as the credit default rate, which includes such factors as loan-to-value ratios and credit scores of borrowers. We also recognize other-than-temporary losses on fixed maturity securities that we intend to sell. Effective January 1, 2018, the Company adopted ASU 2016-1. As a result, changes in the fair value of equity securities are recognized in net realized investment gains in the Consolidated Statement of Income. We hold a total of 5,260 securities, of which 3,349 were in an unrealized loss position for less than one year and 106 were in an unrealized loss position for a period one year or greater as of June 30, 2018 . Unrealized losses greater than twelve months on fixed maturities were the result of a number of factors, including increased credit spreads, foreign currency fluctuations and higher market yields relative to the date the securities were purchased, and for structured securities, by the performance of the underlying collateral, as well. In considering whether an investment is other-than-temporarily impaired or not, we also considered that we do not intend to sell the investments and it is unlikely that we will be required to sell the investments before recovery of their amortized cost bases, which may be maturity. We do not consider these investments to be other-than-temporarily impaired at June 30, 2018 . We recognized other-than-temporary losses on our fixed maturities and equity portfolio as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Other-than-temporary impairment: Corporate bonds $ (0.9 ) $ — (1.9 ) — Equity securities — (1.1 ) — (1.5 ) Other-than-temporary impairment losses $ (0.9 ) $ (1.1 ) $ (1.9 ) $ (1.5 ) Net Realized Investment Gains and Losses The following table presents our gross realized investment gains (losses): For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Realized gains on fixed maturities and other Fixed maturities $ 3.7 $ 5.5 $ 11.2 $ 12.6 Equity securities (1) — 12.0 — 27.7 Other and short-term investments 15.6 5.1 27.3 11.3 19.3 22.6 38.5 51.6 Realized losses on fixed maturities and other Fixed maturities (6.5 ) (5.0 ) (11.4 ) (11.2 ) Equity securities (1) — (1.8 ) — (2.5 ) Other and Short-term investments (16.3 ) (10.2 ) (25.6 ) (17.3 ) Other-than-temporary impairment losses on fixed maturities (0.9 ) — (1.9 ) — Other-than-temporary impairment losses on equity securities — (1.1 ) — (1.5 ) (23.7 ) (18.1 ) (38.9 ) (32.5 ) Equity securities (1) Net realized gains on equity securities sold during the period 10.6 — 21.8 — Change in unrealized gains (losses) on equity securities held at the end of the period 4.3 — (26.6 ) — Net realized gains (losses) on equity securities 14.9 — (4.8 ) — Net realized investment gains (losses) before income taxes 10.5 4.5 (5.2 ) 19.1 Income tax (expense) benefit (2.4 ) (1.3 ) 0.5 (5.7 ) Net realized investment gains (losses), net of income taxes $ 8.1 $ 3.2 $ (4.7 ) $ 13.4 (1) Effective January 1, 2018, we adopted ASU 2016-1. As a result, unrealized gains (losses) at the date of adoption have been reclassified from accumulated other comprehensive income to retained earnings. Additionally, all changes in the fair value of equity securities are recognized in net realized investment gains (losses). Prior periods have not been restated to conform to the current presentation. See Note 2, "Recently Issued Accounting Pronouncements." The cost of securities sold is based on the specific identification method. Changes in unrealized appreciation (depreciation) related to investments are summarized as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Change in unrealized (losses) gains Fixed maturities $ (21.8 ) $ 19.5 (58.9 ) 32 Equity securities — 3.3 — 8.7 Other investments 0.1 2.0 0.1 2 Short-term investments 0.1 — — — Net unrealized investment (losses) gains before income taxes (21.6 ) 24.8 (58.8 ) 42.7 Income tax benefit (expense) 2.8 (5.1 ) 9.1 (9.7 ) Net unrealized investment (losses) gains, net of income taxes $ (18.8 ) $ 19.7 $ (49.7 ) $ 33.0 Foreign Currency Exchange Forward Contracts We entered into foreign currency exchange forward contracts to manage operational currency exposure on our Canadian dollar (“CAD”) investment portfolio, minimize negative impacts to investment portfolio returns, and gain exposure to a total return strategy which invests in multiple currencies. The currency forward contracts are carried at fair value in our Consolidated Balance Sheets in “Other liabilities” at June 30, 2018 and December 31, 2017 . The gains and losses are included in “Net realized investment gains (losses)” in our Consolidated Statements of Income. The fair value of our foreign currency exchange forward contracts as of June 30, 2018 and December 31, 2017 was as follows: (in millions) June 30, 2018 December 31, 2017 Operational currency exposure $ (2.2 ) $ (0.2 ) Asset manager investment exposure 0.2 (0.9 ) Total return strategy (0.3 ) 0.7 Total $ (2.3 ) $ (0.4 ) The following table represents our gross investment realized gains and losses on our foreign currency exchange forward contracts: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Realized gains Operational currency exposure $ 1.7 $ 3.7 $ 6.0 $ 5.7 Asset manager investment exposure 8.7 — 13.0 0.5 Total return strategy 4.3 0.5 6.9 3.6 Gross realized investment gains 14.7 4.2 25.9 9.8 Realized losses Operational currency exposure (3.7 ) (3.7 ) (4.3 ) (5.9 ) Asset manager investment exposure (5.7 ) (5.4 ) (11.6 ) (6.8 ) Total return strategy (6.0 ) (0.8 ) (8.1 ) (2.7 ) Gross realized investment losses (15.4 ) (9.9 ) (24.0 ) (15.4 ) Net realized investment (losses) gains on foreign currency exchange forward contracts $ (0.7 ) $ (5.7 ) $ 1.9 $ (5.6 ) Regulatory Deposits, Pledged Securities and Letters of Credit We are required to maintain assets on deposit with various regulatory authorities to support our insurance and reinsurance operations. We maintain assets pledged as collateral in support of irrevocable letters of credit issued under the terms of certain reinsurance agreements for reported loss and loss expense reserves. The following table presents our components of restricted assets at June 30: (in millions) June 30, 2018 June 30, 2017 Securities on deposit for regulatory and other purposes $ 167.0 $ 176.0 Securities pledged as collateral for letters of credit 78.1 29.1 Securities and cash on deposit supporting Lloyd’s business 373.9 397.2 Total restricted investments $ 619.0 $ 602.3 Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or in the absence of a principal market, the most advantageous market. Market participants are buyers and sellers in the principal (or most advantageous) market that are independent, knowledgeable, able to transact for the asset or liability and willing to transfer the asset or liability. Valuation techniques consistent with the market approach, income approach and/or cost approach are used to measure fair value. The inputs of these valuation techniques are categorized into three levels. • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that can be accessed at the reporting date. We define actively traded as a security that has traded in the past seven days. We receive one quote per instrument for Level 1 inputs. • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. We receive one quote per instrument for Level 2 inputs. • Level 3 inputs are unobservable inputs. Unobservable inputs reflect our own judgments about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. We receive fair value prices from third-party pricing services and our outside investment managers. These prices are determined using observable market information such as dealer quotes, market spreads, cash flows, yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. We have reviewed the processes used by the third-party providers for pricing the securities, and have determined that these processes result in fair values consistent with GAAP requirements. In addition, we review these prices for reasonableness, and have not adjusted any prices received from the third-party providers as of June 30, 2018 . A description of the valuation techniques we use to measure assets at fair value is as follows: Fixed Maturities (Available-for-Sale) Levels 1 and 2: • United States Treasury securities are typically valued using Level 1 inputs. For these securities, we obtain fair value measurements from third-party pricing services using quoted prices (unadjusted) in active markets at the reporting date. • United States Government agencies, non-U.S. Government securities, obligations of states and political subdivisions, credit securities and foreign denominated government and credit securities are reported at fair value using Level 2 inputs. For these securities, we obtain fair value measurements from third-party pricing services. Observable data may include dealer quotes, market spreads, yield curves, live trading levels, trade execution data, credit information and the security’s terms and conditions, among other things. • Asset and mortgage-backed securities and collateralized loan obligations are reported at fair value using Level 2 inputs. For these securities, we obtain fair value measurements from third-party pricing services. Observable data may include dealer quotes, market spreads, cash flows, yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. Fixed Maturities (Available-for-Sale) Levels 3: • We own term loans that are valued using unobservable inputs. Equity Securities Level 1: Equity securities are principally reported at fair value using Level 1 inputs. For these securities, we obtain fair value measurements from a third-party pricing service using quoted prices (unadjusted) in active markets at the reporting date. Equity Securities Level 2: We own interests in a mutual fund that is reported at fair value using Level 2 inputs. The valuation is based on the fund’s net asset value per share, at the end of each month. The underlying assets in the fund are valued primarily on the basis of closing market quotations or official closing prices on each valuation day. Equity Securities Level 3: We own certain equity securities that are reported at fair value using Level 3 inputs. The valuation techniques for these securities include the following: • Fair value measurements obtained from the National Association of Insurance Commissioners’ Security Valuation Office at the reporting date. • Fair value measurements for an investment in an equity fund obtained by applying final prices provided by the administrator of the fund, which is based upon certain estimates and assumptions. • Fair value measurements from a broker and an independent valuation service, both based upon estimates and assumptions. Other Investments Level 2: Foreign regulatory deposits are assets held in trust in jurisdictions where there is a legal and regulatory requirement to maintain funds locally in order to protect policyholders. Lloyd’s is the appointed investment manager for the funds. These assets are invested in short-term government securities, agency securities and corporate bonds and are valued using Level 2 inputs based upon values obtained from Lloyd’s. Short-term Investments: Short-term investments are principally reported at fair value using Level 1 inputs, with the exception of short-term corporate and governmental bonds reported at fair value using Level 2 inputs as described in the fixed maturities section above. Values for the investments categorized as Level 1 are obtained from various financial institutions as of the reporting date. Transfers Between Level 1 and Level 2 Securities: There were no transfers between Level 1 and Level 2 securities during the three months ended June 30, 2018 . Based on an analysis of the inputs, our financial assets measured at fair value on a recurring basis have been categorized as follows: Fair Value Measurements at Reporting Date Using (in millions) June 30, 2018 Level 1 (a) Level 2 (b) Level 3 (c) Fixed maturities U.S. Governments $ 261.2 $ 252.2 $ 9.0 $ — Foreign Governments 244.1 — 244.1 — Obligations of states and political subdivisions 270.7 — 270.7 — Corporate bonds 1,635.4 — 1,631.8 3.6 Commercial mortgage-backed securities 143.0 — 143.0 — Residential mortgage-backed securities 368.1 — 368.1 — Asset-backed securities 158.5 — 158.5 — Collateralized loan obligations 220.4 — 220.4 — Total fixed maturities 3,301.4 252.2 3,045.6 3.6 Equity securities 492.2 484.1 2.1 6.0 Other investments 95.4 — 95.4 — Short-term investments 449.4 391.8 57.6 — $ 4,338.4 $ 1,128.1 $ 3,200.7 $ 9.6 (a) Quoted prices in active markets for identical assets (b) Significant other observable inputs (c) Significant unobservable inputs Fair Value Measurements at Reporting Date Using (in millions) December 31, 2017 Level 1 (a) Level 2 (b) Level 3 (c) Fixed maturities U.S. Governments $ 415.1 $ 410.6 $ 4.5 $ — Foreign Governments 233.2 — 233.2 — Obligations of states and political subdivisions 335.9 — 335.9 — Corporate bonds 1,525.7 — 1,523.8 1.9 Commercial mortgage-backed securities 134.9 — 134.9 — Residential mortgage-backed securities 309.4 — 309.4 — Asset-backed securities 161.2 — 161.2 — Collateralized loan obligations 228.0 — 228.0 — Total fixed maturities 3,343.4 410.6 2,930.9 1.9 Equity securities 487.4 483.0 2.1 2.3 Other investments 108.8 — 108.8 — Short-term investments 368.5 333.7 34.8 — $ 4,308.1 $ 1,227.3 $ 3,076.6 $ 4.2 (a) Quoted prices in active markets for identical assets (b) Significant other observable inputs (c) Significant unobservable inputs The fair value measurements in the tables above do not equal “Total investments” on our Consolidated Balance Sheets as they exclude certain other investments that are accounted for under the equity-method of accounting. A reconciliation of the beginning and ending balances for the investments categorized as Level 3 are as follows: Fair Value Measurements Using Observable Inputs (Level 3) (in millions) Credit Financial Equity Total Beginning balance, January 1, 2018 $ 1.9 $ 2.3 $ 4.2 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses (realized/unrealized): Included in net income (loss) — — — Included in other comprehensive income (loss) — — — Purchases, issuances, sales, and settlements: Purchases 1.7 4.1 5.8 Issuances — — — Sales — (0.4 ) (0.4 ) Settlements — — — Ending balance, June 30, 2018 $ 3.6 $ 6.0 $ 9.6 Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at June 30, 2018 $ — $ — $ — (in millions) Credit Financial Equity Total Beginning balance, January 1, 2017 $ 2.0 $ 0.4 $ 2.4 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses (realized/unrealized): Included in net income (loss) — — — Included in other comprehensive income (loss) (0.1 ) 0.2 0.1 Purchases, issuances, sales, and settlements: Purchases — 1.7 1.7 Issuances — — — Sales — — — Settlements — — — Ending balance, December 31, 2017 $ 1.9 $ 2.3 $ 4.2 Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at December 31, 2017 $ — $ — $ — At June 30, 2018 and December 31, 2017 , we did not have any financial assets or financial liabilities measured at fair value on a nonrecurring basis or any financial liabilities on a recurring basis.

Reserves for Losses and Loss Ad

Reserves for Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2018
Insurance [Abstract]
Reserves for Losses and Loss Adjustment Expenses	Reserves for Losses and Loss Adjustment Expenses The following table provides a reconciliation of reserves for losses and loss adjustment expenses (“LAE”): For the Six Months Ended June 30, (in millions) 2018 2017 Net reserves beginning of the year $ 2,488.0 $ 2,180.2 Net Maybrooke reserves acquired — 132.6 Net Ariscom reserves acquired 49.4 — Add: Losses and LAE incurred during current calendar year, net of reinsurance: Current accident year 487.1 447.4 Prior accident years (4.4 ) 5.7 Losses and LAE incurred during calendar year, net of reinsurance 482.7 453.1 Deduct: Losses and LAE payments made during current calendar year, net of reinsurance: Current accident year 152.1 88.9 Prior accident years 327.0 290.8 Losses and LAE payments made during current calendar year, net of reinsurance: 479.1 379.7 Change in participation interest (1) (29.4 ) (23.2 ) Foreign exchange adjustments (24.0 ) 1.8 Net reserves - end of period 2,487.6 2,364.8 Add: Reinsurance recoverables on unpaid losses and LAE, end of period 1,755.3 1,268.0 Gross reserves - end of period $ 4,242.9 $ 3,632.8 (1) Amount represents the change in reserves due to changing our participation in Syndicates 1200 and 1910. Reserves for losses and LAE represent the estimated indemnity cost and related adjustment expenses necessary to investigate and settle claims. Such estimates are based upon individual case estimates for reported claims, estimates from ceding companies for reinsurance assumed and actuarial estimates for losses that have been incurred but not yet reported to the insurer. Any change in probable ultimate liabilities is reflected in current operating results. The impact from the (favorable) unfavorable development of prior accident years’ loss and LAE reserves on each reporting segment is presented below: For the Six Months Ended June 30, (in millions) 2018 2017 U.S. Operations $ (4.1 ) $ (18.0 ) International Operations (3.3 ) 19.6 Run-off Lines 3.0 4.1 Total (favorable) unfavorable prior-year development $ (4.4 ) $ 5.7 The following describes the primary factors behind each segment’s prior accident year reserve development for the six months ended June 30, 2018 and 2017 : Six months ended June 30, 2018 : • U.S. Operations: Favorable development in liability and surety lines, partially offset by unfavorable development in commercial multi-peril lines. • International Operations: Favorable development in property lines, partially offset by unfavorable development within specialty lines. • Run-off Lines: Unfavorable development in risk management lines and other run-off lines. Six months ended June 30, 2017 : • U.S. Operations: Favorable development for workers compensation, surety, commercial auto, and commercial multi-peril lines. • International Operations: Unfavorable development in the property, liability, and specialty lines • Run-off Lines: Unfavorable development in risk management lines and other run-off lines. In the opinion of management, our reserves represent the best estimate of our ultimate liabilities, based on currently known facts, current law, current technology and assumptions considered reasonable where facts are not known. Due to the significant uncertainties and related management judgments, there can be no assurance that future favorable or unfavorable loss development, which may be material, will not occur.

Disclosures about Fair Value of

Disclosures about Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Disclosures about Fair Value of Financial Instruments	Disclosures about Fair Value of Financial Instruments Cash. The carrying amount approximates fair value. Investment securities and short-term investments . See Note 4, “Investments,” for additional information. Premiums receivable and reinsurance recoverables on paid losses. The carrying value of current receivables and reinsurance recoverables on paid losses approximates fair value. Debt . At June 30, 2018 and December 31, 2017 , the fair value of our Junior subordinated debentures, Senior unsecured fixed rate notes and Other indebtedness was estimated using appropriate market indices or quoted prices from external sources based on current market conditions. All of these debt instruments would be in Level 3 of the fair value hierarchy, as the fair value estimates shown below were calculated using unobservable inputs reflecting our assumptions about the assumptions market participants would use in pricing the liabilities. A summary of our financial instruments whose carrying value did not equal fair value is shown below: June 30, 2018 December 31, 2017 (in millions) Carrying Fair Carrying Fair Junior subordinated debentures Trust preferred debentures $ 172.7 $ 172.9 $ 172.7 $ 172.9 Subordinated debentures acquired with Maybrooke 84.1 83.3 83.9 85.0 Senior unsecured fixed rate notes 139.7 141.1 139.6 141.2 Floating rate loan stock 59.0 59.0 58.9 59.0

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity On February 20, 2018 , the Board of Directors declared a 15% stock dividend, payable March 21, 2018 to all shareholders of record at the close of business on March 7, 2018 . As a result of the stock dividend, 4,397,520 additional shares were issued. Cash was paid in lieu of fractional shares of our common shares. Excluding repurchased shares, all references to common shares and related per share amounts in this document and related disclosures have been adjusted to reflect the stock dividend for all periods presented. On May 8, 2018 , our Board of Directors declared a quarterly cash dividend in the amount of $0.27 on each share of common stock outstanding. On June 15, 2018 , we paid $9.4 million to our shareholders of record on June 1, 2018 . On June 1, 2017 , our Board of Directors declared a quarterly cash dividend in the amount of $0.23 on each share of common stock outstanding, on a post-stock dividend basis. On June 26, 2017 , we paid $8.3 million to our shareholders of record on June 12, 2017 . On May 3, 2016, our Board of Directors authorized the repurchase of up to $150.0 million of our common shares (“2016 Repurchase Authorization”). The 2016 Repurchase Authorization supersedes all previous Repurchase Authorizations. As of June 30, 2018 , availability under the 2016 Repurchase Authorization for future repurchases of our common shares was $64.6 million . For the six months ended June 30, 2018 , we repurchased a total of 344,533 common shares for $20.4 million . A summary of activity from January 1, 2018 through June 30, 2018 follows. A summary of common shares repurchased for the six months ended June 30, 2018 is shown below: Repurchase Type Date 2018 Purchase Period Number of Average Price Total Cost Repurchase 10b5-1 Trading Plan 12/15/2017 01/02/2018-02/16/2018 225,281 $ 59.31 $ 13.3 2016 10b5-1 Trading Plan 6/15/2018 06/22/2018-06/29/2018 29,947 $ 58.86 1.8 2016 Open Market N/A 02/20/2018-03/02/2018 89,305 $ 59.03 5.3 2016 Total 344,533 $ 59.20 $ 20.4

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income A summary of changes in accumulated other comprehensive (loss) income, net of taxes (where applicable) by component for the six months ended June 30, 2018 , and 2017 is presented below: (in millions) Foreign Currency Translation Adjustments Unrealized Defined Benefit Pension Plans Total Balance, January 1, 2018 $ (19.0 ) $ 121.9 $ (6.3 ) $ 96.6 Cumulative effect of adoption of ASU 2016-01 — (117.5 ) — (117.5 ) Cumulative effect of adoption of ASU 2018-02 — 22.1 (1.4 ) 20.7 Other comprehensive income (loss) before reclassifications (4.0 ) (52.1 ) — (56.1 ) Amounts reclassified from accumulated other comprehensive income (loss) — 2.4 — 2.4 Net current-period other comprehensive income (loss) (4.0 ) (145.1 ) (1.4 ) (150.5 ) Balance at June 30, 2018 $ (23.0 ) $ (23.2 ) $ (7.7 ) $ (53.9 ) (in millions) Foreign Currency Translation Adjustments Unrealized Defined Benefit Pension Plans Total Balance, January 1, 2017 $ (17.6 ) $ 72.4 $ (7.1 ) $ 47.7 Other comprehensive income (loss) before reclassifications (0.6 ) 45.7 — 45.1 Amounts reclassified from accumulated other comprehensive income (loss) — (12.7 ) — (12.7 ) Net current-period other comprehensive income (loss) (0.6 ) 33.0 — 32.4 Balance at June 30, 2017 $ (18.2 ) $ 105.4 $ (7.1 ) $ 80.1 The amounts reclassified from accumulated other comprehensive income (loss) shown in the above table have been included in the following captions in our Consolidated Statements of Income: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Unrealized gains and losses on securities: Net realized investment gains (losses) $ 15.1 $ (2.7 ) $ 2.6 $ (18.9 ) Provision for income taxes (2.5 ) 1.0 (0.2 ) 6.2 Net of taxes $ 12.6 $ (1.7 ) $ 2.4 $ (12.7 )

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share The following table presents the calculation of net income per common share on a basic and diluted basis: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions, except number of shares and per share amounts) 2018 2017 2018 2017 Net income $ 41.8 $ 46.0 $ 66.6 $ 82.7 Weighted average common shares outstanding - basic 33,938,509 34,731,866 33,903,809 34,643,594 Effect of dilutive securities: Equity compensation awards 730,409 973,618 801,002 1,001,046 Weighted average common shares outstanding - diluted 34,668,918 35,705,484 34,704,811 35,644,640 Net income per common share: Basic $ 1.23 $ 1.32 $ 1.96 $ 2.39 Diluted $ 1.20 $ 1.29 $ 1.92 $ 2.32 Excluded from the weighted average common shares outstanding calculation at June 30, 2018 and 2017 are 11,129,540 shares and 10,075,255 shares, respectively, which are held as treasury shares. The shares are excluded as of their repurchase date. For both the three and six months ended June 30, 2018 and 2017 , there were no equity compensation awards with an anti-dilutive effect.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Interest paid and income taxes paid (recovered) were as follows: For the Six Months Ended June 30, (in millions) 2018 2017 Senior unsecured fixed rate notes $ 4.7 $ 4.7 Junior subordinated debentures 7.1 6.0 Other indebtedness 3.3 1.6 Revolving credit facility 0.3 0.3 Total interest paid $ 15.4 $ 12.6 Income taxes paid 8.2 9.9 Income taxes recovered — (2.2 ) Income taxes paid, net $ 8.2 $ 7.7

Share-based Compensation

Share-based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation The fair value method of accounting is used for share-based compensation plans. Under the fair value method, compensation cost is measured based on the fair value of the award at the measurement date and recognized over the requisite service period. We use the Black-Scholes model to estimate the fair values on the measurement date for share options and share appreciation rights (“SARs”). The Black-Scholes model uses several assumptions to value a share award. The risk-free rate of return assumption is based on the five -year U.S. Treasury constant maturity rate on the measurement date. The expected dividend yield is based on our history and expected dividend payouts. The expected award life is based upon the average holding period over the history of the incentive plan. The expected volatility assumption is based on the historical change in our stock price over the previous five years preceding the measurement date. The following table summarizes the assumptions we used for the six months ended June 30, 2018 and 2017 : For the Six Months Ended June 30, 2018 2017 Risk-free rate of return 2.73% 1.83% Expected dividend yields 1.87% 1.68% Expected award life (years) 4.49 4.48 Expected volatility 18.13% 18.64% All outstanding awards were adjusted to reflect the 15% stock dividend, resulting in a 15% increase to the number of awards outstanding and a 13.04% reduction in the exercise price. Argo Group’s Long-Term Incentive Plan In November 2007, our shareholders approved the 2007 Long-Term Incentive Plan (the “2007 Plan”), which provides for an aggregate of 4.5 million shares of our common stock that may be issued to executives, non-employee directors, and other key employees. As of May 2014, 1.46 million shares remained available for grant under the 2007 Plan. In May 2014, our shareholders approved the 2014 Long-Term Incentive Plan (the “2014 Plan”), which provides for an additional 2.8 million shares of our common stock to be available for issuance to executives, non-employee directors and other key employees. The share awards may be in the form of share options, SARs, restricted shares, restricted share awards, restricted share unit awards, performance awards, other share-based awards and other cash-based awards. Shares issued under this plan may be shares that are authorized and unissued or shares that we reacquired, including shares purchased on the open market. Share options and SARs will count as one share for the purposes of the limits under the incentive plans; restricted shares, restricted share units, performance units, performance shares or other share-based incentive awards which settle in common shares will count as 2.75 shares for purpose of the limits under the 2014 Plan. Share options may be in the form of incentive share options, non-qualified share options and restorative options. Share options are required to have an exercise price that is not less than the market value on the date of grant. We are prohibited from repricing the options, except for the impact of stock dividend declarations. The term of the share options cannot exceed seven years from the grant date. Restricted Shares A summary of restricted share activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 767,140 $ 42.91 Granted 319,134 $ 47.57 Vested and issued (199,193 ) $ 42.99 Expired or forfeited (85,003 ) $ 44.74 Outstanding at June 30, 2018 802,078 $ 44.55 The restricted shares vest over one to eight years. Expense recognized under this plan for the restricted shares was $4.8 million and $8.2 million for the three and six months ended June 30, 2018 , respectively, as compared to $2.4 million and $5.2 million for the three and six months ended June 30, 2017 . Compensation expense for all share-based compensation awards is included in “Underwriting, acquisition and insurance expenses” in the accompanying Consolidated Statements of Income. As of June 30, 2018 , there was $26.6 million of total unrecognized compensation cost related to restricted share compensation arrangements granted by Argo Group. Stock-Settled SARs A summary of stock-settled SARs activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 1,494,458 $ 30.85 Exercised (464,807 ) $ 27.07 Expired or forfeited (14,947 ) $ 36.25 Outstanding at June 30, 2018 1,014,704 $ 32.50 The stock-settled SARs vest over a one to four -year period. Upon exercise of the stock-settled SARs, the employee is entitled to receive shares of our common stock equal to the appreciation of the stock as compared to the exercise price. Expense recognized for the stock-settled SARs was $0.4 million and $1.5 million for the three and six months ended June 30, 2018 , respectively, as compared to $2.0 million and $2.7 million for the three and six months ended June 30, 2017 . As of June 30, 2018 , there was $1.2 million of total unrecognized compensation cost related to stock-settled SARs outstanding. Cash-Settled SARs A summary of cash-settled SARs activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 189,568 $ 28.95 Exercised (68,955 ) $ 28.56 Expired or forfeited (2,568 ) $ 21.23 Outstanding at June 30, 2018 118,045 $ 29.35 As of June 30, 2018 , all the cash-settled SARs are fully vested. Upon exercise of the cash-settled SARs, the employee is entitled to receive cash payment for the appreciation in the value of our common stock over the exercise price. We account for the cash-settled SARs as liability awards, which require the awards to be revalued at each reporting period. Expense recognized for the cash-settle SARs was $0.3 million and $0.8 million for the three and six months ended June 30, 2018 , respectively. For the three and six months ended June 30, 2017 , we recouped $2.3 million and $0.9 million of expense, respectively, primarily related to a decrease in the fair market value of our stock. As of June 30, 2018 , there was no unrecognized compensation cost related to cash-settled SARs outstanding.

Underwriting, Acquisition and I

Underwriting, Acquisition and Insurance Expenses	6 Months Ended
	Jun. 30, 2018
Underwriting Acquisition And Insurance Expenses [Abstract]
Underwriting, Acquisition and Insurance Expenses	Underwriting, Acquisition and Insurance Expenses The components of our underwriting, acquisition and insurance expenses are detailed in the table below. General expenses includes certain costs associated with our holding company. For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Commissions $ 56.7 $ 69.2 $ 124.7 $ 130.4 General expenses 90.6 88.0 178.4 176.7 Premium taxes, boards and bureaus 8.1 6.7 17.4 14.1 155.4 163.9 320.5 321.2 Net amortization (deferral) of policy acquisition costs 1.4 (9.2 ) (3.5 ) (12.9 ) Total underwriting, acquisition and insurance expenses $ 156.8 $ 154.7 $ 317.0 $ 308.3

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are incorporated under the laws of Bermuda and, under current Bermuda law, are not obligated to pay any taxes in Bermuda based upon income or capital gains. We have received an undertaking from the Supervisor of Insurance in Bermuda pursuant to the provisions of the Exempted Undertakings Tax Protection Act, 2011, which exempts us from any Bermuda taxes computed on profits, income or any capital asset, gain or appreciation or any tax in the nature of estate duty or inheritance tax, at least until the year 2035. We do not consider ourselves to be engaged in a trade or business in the United States or the United Kingdom and, accordingly, do not expect to be subject to direct United States or United Kingdom income taxation. We have subsidiaries based in the United Kingdom that are subject to the tax laws of that country. Under current law, these subsidiaries are taxed at the applicable corporate tax rates. Eight of the United Kingdom subsidiaries are deemed to be engaged in business in the United States, and therefore, are subject to United States corporate tax in respect of a proportion of their United States underwriting business only. Relief is available against the United Kingdom tax liabilities in respect of overseas taxes paid that arise from the underwriting business. Our United Kingdom subsidiaries file separate United Kingdom income tax returns. We have subsidiaries based in the United States that are subject to United States tax laws. Under current law, these subsidiaries are taxed at the applicable corporate tax rates. Our United States subsidiaries generally file a consolidated United States federal income tax return. We also have operations in Belgium, Brazil, France, Ireland, Italy, Luxembourg, Malta, Spain, and Switzerland, which also are subject to income taxes imposed by the jurisdiction in which they operate. We have operations in Barbados and the United Arab Emirates, which are not subject to income tax under the laws of those countries. On December 22, 2017, U.S. tax legislation referred to as the TCJA was enacted. The effects of changes in tax laws and tax rates are recognized in the period of enactment. Accordingly, we recorded the impacts of the TCJA in our 2017 consolidated financial statements which, among other changes, primarily includes the remeasurement of our deferred tax assets and liabilities for the reduced US federal tax rate from 35% to 21% beginning on January 1, 2018, and the computation of a provisional amount for the loss reserve discounting modifications. We are still analyzing certain aspects of the TCJA and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to new deferred tax amounts. We have not made any adjustments to the provisional amounts we recorded during the year ended December 31, 2017 . Beginning in 2018, the TCJA introduces an additional Base Erosion and Anti-abuse Tax (“BEAT”) provision computed to be an additional liability in excess of the regular US tax liability based upon an alternative BEAT computation. At this time, we have not recorded any provisional amounts for BEAT as we are awaiting information from Lloyd’s to determine the effect of BEAT on our US branches within our UK operations. Thus, our 2018 consolidated financial statements reflect a reasonably estimated provisional amount based on information available and in accordance with SAB 118. SAB 118 provides guidance on accounting for the effects of the U.S. tax reform where our determinations are incomplete but we are able to determine a reasonable estimate. A final determination is required to be made within a measurement period not to extend beyond one year from the enactment date of the U.S. tax reform. As additional guidance is released, the estimate will be updated as necessary. Our expected income tax provision computed on pre-tax income (loss) at the weighted average tax rate has been calculated as the sum of the pre-tax income (loss) in each jurisdiction multiplied by that jurisdiction’s applicable statutory tax rate. For the three and six months ended June 30, 2018 and 2017 , pre-tax income (loss) attributable to our operations and the operations’ effective tax rates were as follows: For the Three Months Ended June 30, (in millions) 2018 2017 Pre-Tax Effective Pre-Tax Effective Bermuda $ (33.6 ) — % $ 25.3 — % United States 85.7 17.1 % 34.7 23.3 % United Kingdom 6.6 10.1 % (6.5 ) 52.8 % Belgium (0.1 ) 36.4 % 0.1 36.6 % Brazil 0.1 — % 0.6 — % United Arab Emirates 0.2 — % (2.2 ) — % Ireland (0.1 ) — % — (1) — % Italy (1.1 ) — % — — % Malta (0.6 ) (0.2 )% 0.5 — % Luxembourg — (1) — % (1.7 ) — % Switzerland — (1) 20.8 % — (1) 22.1 % Pre-tax income $ 57.1 26.9 % $ 50.8 9.4 % For the Six Months Ended June 30, (in millions) 2018 2017 Pre-Tax Effective Pre-Tax Effective Bermuda $ (8.4 ) — % $ 51.7 — % United States 79.5 16.6 % 58.7 24.8 % United Kingdom 12.7 17.1 % (12.0 ) 32.3 % Belgium — (1) — % 0.1 36.2 % Brazil (1.3 ) — % (0.2 ) — % United Arab Emirates 0.4 — % (3.5 ) — % Ireland (0.1 ) — % — (1) — % Italy (1.1 ) — % — — % Malta 0.4 0.2 % 1.1 — % Luxembourg — (1) — % (2.4 ) — % Switzerland — (1) 20.8 % — (1) 20.8 % Pre-tax income $ 82.1 18.9 % $ 93.5 11.5 % (1) Pre-tax income for the respective year was less than $0.1 million . Our effective tax rate may vary significantly from period to period depending on the jurisdiction generating the pre-tax income (loss) and its corresponding statutory tax rate. The geographic distribution of pre-tax income (loss) can fluctuate significantly between periods given the inherit nature of our business. A reconciliation of the difference between the provision for income taxes and the expected tax provision at the weighted average tax rate is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Income tax (benefit) provision at expected rate $ 18.8 $ 10.8 $ 18.4 $ 18.0 Tax effect of: Nontaxable investment income (0.5 ) (1.1 ) (1.0 ) (2.4 ) Foreign exchange adjustments — (0.9 ) (0.2 ) (0.3 ) Withholding taxes 0.2 0.2 0.3 0.3 Change in valuation allowance (0.7 ) (1.0 ) (3.4 ) (1.1 ) Other (2.5 ) (3.2 ) 1.4 (3.7 ) Income tax provision $ 15.3 $ 4.8 $ 15.5 $ 10.8 Our gross deferred tax assets are supported by taxes paid in previous periods, reversal of taxable temporary differences and recognition of future taxable income. Management regularly evaluates the recoverability of the deferred tax assets and makes any necessary adjustments to them based upon any changes in management’s expectations of future taxable income. Realization of deferred tax assets is dependent upon our generation of future taxable income sufficient to recover tax benefits that cannot be recovered from taxes paid in the carryback period, generally for our US property and casualty insurers two years for net operating losses and for all our US subsidiaries three years for capital losses. If a company determines that any of its deferred tax assets will not result in future tax benefits, a valuation allowance must be established for the portion of these assets that are not expected to be realized. The net change in valuation allowance for deferred tax assets was a decrease of $3.4 million in 2018 relating to the items discussed below. Based upon a review of our available evidence, both positive and negative discussed above, our management concluded that it is more-likely-than-not that the other deferred tax assets will be realized. Management has determined that a valuation allowance is required for a portion of the tax-effected net operating loss carryforward included as part of the United States consolidated group of $6.9 million generated from PXRE Corporation and for the tax effected net operating loss carryforward of $0.6 million from ARIS. The valuation allowances have been established as Internal Revenue Code Section 382 limits regarding the application of net operating loss carryforwards following an ownership change. The loss carryforwards available per year for both of these items are $2.8 million , as required by Internal Revenue Code Section 382. Furthermore, due to cumulative losses incurred since inception, management has concluded that a valuation allowance is required for the full amount of the tax-effected net operating losses generated by our Brazil and Malta entities. Additionally, valuation allowances were established for our Luxembourg and US affiliates acquired in the Maybrooke transaction as well as our Italian operations acquired in the Ariscom transaction. Accordingly, a valuation allowance is required as of June 30, 2018 of which $6.6 million relates to Brazil operations, $5.8 million relates to Italian operations and $1.2 million relates to Malta operations. During the six months ended June 30, 2018 , the affiliates of Maybrooke Holdings SA have a valuation allowance established in the amount of $1.2 million . The change from 2017 was primarily driven from the liquidation of our Luxembourg affiliate as of March 23, 2018. For any uncertain tax positions not meeting the “more-likely-than-not” recognition threshold, accounting standards require recognition, measurement and disclosure in a company’s financial statements. We had no material unrecognized tax benefits as of June 30, 2018 and 2017 . Our United States subsidiaries are no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2014. Our United Kingdom subsidiaries are no longer subject to United Kingdom income tax examinations by Her Majesty’s Revenue and Customs for years before 2016.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Argo Group’s subsidiaries are parties to legal actions incidental to their business. Based on the opinion of counsel, management believes that the resolution of these matters will not materially affect our financial condition or results of operations. We have contractual commitments to invest up to $114.9 million related to our limited partnership investments at June 30, 2018 . These commitments will be funded as required by the partnership agreements which can be called to be fulfilled at any time, not to exceed thirteen years

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information We are primarily engaged in underwriting property and casualty insurance and reinsurance. We have two ongoing reporting segments: U.S. Operations and International Operations. Additionally, we have a Run-off Lines segment for certain products that we no longer underwrite. We consider many factors, including the nature of each segment’s insurance and reinsurance products, production sources, distribution strategies and the regulatory environment, in determining how to aggregate reporting segments. Transactions between segments are reported in the segment that initiated the transaction. In evaluating the operating performance of our segments, we focus on core underwriting and investing results before the consideration of realized gains or losses from investments. Realized investment gains are reported as a component of the Corporate and Other segment, as decisions regarding the acquisition and disposal of securities reside with the corporate investment function and are not under the control of the individual business segments. Identifiable assets by segment are those assets used in the operation of each segment. Revenue and income (loss) before income taxes for each segment were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Revenue: Earned premiums U.S. Operations $ 267.0 $ 229.1 $ 529.3 $ 450.3 International Operations 150.5 169.9 302.9 328.1 Run-off Lines 0.2 0.1 0.2 0.1 Total earned premiums 417.7 399.1 832.4 778.5 Net investment income U.S. Operations 20.7 27.3 43.3 47.2 International Operations 8.4 10.1 17.2 16.7 Run-off Lines 2.0 2.9 4.2 5.0 Corporate and Other 2.1 3.3 4.5 5.2 Total net investment income 33.2 43.6 69.2 74.1 Fee and other income 1.9 3.8 3.9 7.4 Net realized investment gains (losses) 10.5 4.5 (5.2 ) 19.1 Total revenue $ 463.3 $ 451.0 $ 900.3 $ 879.1 For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Income (loss) before income taxes U.S. Operations $ 42.5 $ 53.0 $ 76.5 $ 90.2 International Operations 13.2 9.1 36.1 17.4 Run-off Lines (0.3 ) (1.2 ) (1.0 ) (3.7 ) Total segment income before taxes 55.4 60.9 111.6 103.9 Corporate and Other (8.8 ) (14.6 ) (24.3 ) (29.5 ) Net realized investment gains (losses) 10.5 4.5 (5.2 ) 19.1 Total income before income taxes $ 57.1 $ 50.8 $ 82.1 $ 93.5 The table below presents earned premiums by geographic location for the three and six months ended June 30, 2018 and 2017 . For this disclosure, we determine geographic location by the country of domicile of our subsidiaries that underwrite the business and not by the location of insureds or reinsureds from whom the business was generated. For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Bermuda $ 20.9 $ 23.1 $ 41.4 $ 48.7 Brazil 10.5 12.3 23.5 25.1 Italy 2.8 — 2.8 — Malta 15.7 1.3 21.4 2.3 United Kingdom 102.0 133.3 216.1 252.1 United States 265.8 229.1 527.2 450.3 Total earned premiums $ 417.7 $ 399.1 $ 832.4 $ 778.5 The following table represents identifiable assets: (in millions) June 30, 2018 December 31, 2017 U.S. Operations $ 4,490.6 $ 4,298.4 International Operations 3,762.7 3,553.8 Run-off Lines 453.8 449.6 Corporate and Other 398.6 462.2 Total $ 9,105.7 $ 8,764.0 Included in total assets at June 30, 2018 and December 31, 2017 are $765.7 million and $731.8 million , respectively, in assets associated with trade capital providers.

Senior Unsecured Fixed Rate Not

Senior Unsecured Fixed Rate Notes	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Senior Unsecured Fixed Rate Notes	Senior Unsecured Fixed Rate Notes In September 2012, Argo Group (the “Parent Guarantor”), through its subsidiary Argo Group US (the “Subsidiary Issuer”), issued $143,750,000 aggregate principal amount of the Subsidiary Issuer’s 6.5% Senior Notes due September 15, 2042 (the “Notes”). The Notes are unsecured and unsubordinated obligations of the Subsidiary Issuer and rank equally in right of payment with all of the Subsidiary Issuer’s other unsecured and unsubordinated debt. The Notes are guaranteed on a full and unconditional senior unsecured basis by the Parent Guarantor. The Notes may be redeemed, for cash, in whole or in part, on or after September 15, 2017 , at the Subsidiary Issuer’s option, at any time and from time to time, prior to maturity at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued but unpaid interest on the principal amount being redeemed to, but not including, the redemption date. In accordance with ASU 2015-3, “Simplifying the Presentation of Debt Issuance Costs” (Topic 835), we present the unamortized debt issuance costs in the balance sheet as a direct deduction from the carrying value of the debt liability. At June 30, 2018 and December 31, 2017 , the Notes consisted of the following: (in millions) June 30, 2018 December 31, 2017 Senior unsecured fixed rate notes Principal $ 143.8 $ 143.8 Less: unamortized debt issuance costs (4.1 ) (4.2 ) Senior unsecured fixed rate notes, less unamortized debt issuance costs $ 139.7 $ 139.6 In accordance with Article 10 of SEC Regulation S-X, we have elected to present condensed consolidating financial information in lieu of separate financial statements for the Subsidiary Issuer. The following tables present condensed consolidating financial information at June 30, 2018 and December 31, 2017 and for the three and six months ended June 30, 2018 and 2017 , of the Parent Guarantor and the Subsidiary Issuer. The Subsidiary Issuer is an indirect wholly-owned subsidiary of the Parent Guarantor. Investments in subsidiaries are accounted for by the Parent Guarantor under the equity method for purposes of the supplemental consolidating presentation. Earnings of subsidiaries are reflected in the Parent Guarantor’s investment accounts and earnings. The Parent Guarantor fully and unconditionally guarantees certain of the debt of the Subsidiary Issuer. Condensed consolidating financial information of the Subsidiary Issuer is presented on a consolidated basis and consists principally of the net assets, results of operations and cash flows of operating insurance company subsidiaries. CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Assets Investments $ 1.2 $ 3,107.6 $ 1,660.1 $ — $ 4,768.9 Cash 1.0 19.3 106.4 — 126.7 Accrued investment income — 18.6 6.3 — 24.9 Premiums receivable — 221.8 476.3 — 698.1 Reinsurance recoverables — 1,548.5 583.1 — 2,131.6 Goodwill and other intangible assets, net 42.6 124.6 106.1 — 273.3 Deferred acquisition costs, net — 82.9 78.2 — 161.1 Ceded unearned premiums — 221.9 271.5 — 493.4 Other assets 9.6 178.4 239.7 — 427.7 Intercompany note receivable — 52.2 (52.2 ) — — Investments in subsidiaries 1,968.3 — — (1,968.3 ) — Total assets $ 2,022.7 $ 5,575.8 $ 3,475.5 $ (1,968.3 ) $ 9,105.7 Liabilities and Shareholders' Equity Reserves for losses and loss adjustment expenses $ — $ 2,575.3 $ 1,667.6 $ — $ 4,242.9 Unearned premiums — 721.8 561.8 — 1,283.6 Funds held and ceded reinsurance payable, net — 754.2 102.6 — 856.8 Debt 153.4 284.7 143.0 — 581.1 Current income taxes payable, net — 14.4 (0.9 ) — 13.5 Deferred tax liabilities, net — 15.4 (0.3 ) — 15.1 Accrued underwriting expenses and other liabilities 11.2 94.6 209.8 — 315.6 Due to (from) affiliates 61.0 1.0 (1.0 ) (61.0 ) — Total liabilities 225.6 4,461.4 2,682.6 (61.0 ) 7,308.6 Total shareholders' equity 1,797.1 1,114.4 792.9 (1,907.3 ) 1,797.1 Total liabilities and shareholders' equity $ 2,022.7 $ 5,575.8 $ 3,475.5 $ (1,968.3 ) $ 9,105.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2017 (in millions) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Assets Investments $ 0.4 $ 3,079.0 $ 1,663.5 $ — $ 4,742.9 Cash 0.9 47.8 127.9 — 176.6 Accrued investment income — 18.0 5.5 — 23.5 Premiums receivable — 216.5 382.1 — 598.6 Reinsurance recoverables — 1,487.3 606.0 — 2,093.3 Goodwill and other intangible assets, net 43.2 124.9 90.1 — 258.2 Current income taxes receivable, net — 2.4 (1.0 ) — 1.4 Deferred acquisition costs, net — 80.7 79.7 — 160.4 Ceded unearned premiums — 198.5 201.0 — 399.5 Other assets 9.2 171.5 128.9 — 309.6 Intercompany note receivable — 50.9 (50.9 ) — — Investments in subsidiaries 1,940.0 — — (1,940.0 ) — Total assets $ 1,993.7 $ 5,477.5 $ 3,232.8 $ (1,940.0 ) $ 8,764.0 Liabilities and Shareholders' Equity Reserves for losses and loss adjustment expenses $ — $ 2,483.9 $ 1,717.1 $ — $ 4,201.0 Unearned premiums — 704.0 503.7 — 1,207.7 Funds held and ceded reinsurance payable, net — 799.4 (22.7 ) — 776.7 Long-term debt 153.4 284.5 142.8 — 580.7 Deferred tax liabilities, net — 32.5 (1.2 ) — 31.3 Accrued underwriting expenses and other liabilities 8.9 95.0 43.0 — 146.9 Due to (from) affiliates 11.7 (0.4 ) 0.4 (11.7 ) — Total liabilities 174.0 4,398.9 2,383.1 (11.7 ) 6,944.3 Total shareholders' equity 1,819.7 1,078.6 849.7 (1,928.3 ) 1,819.7 Total liabilities and shareholders' equity $ 1,993.7 $ 5,477.5 $ 3,232.8 $ (1,940.0 ) $ 8,764.0 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 267.0 $ 150.7 $ — $ 417.7 Net investment (expense) income (0.7 ) 19.0 14.9 — 33.2 Fee and other income — 0.7 1.2 — 1.9 Net realized investment gains (losses) 0.5 14.5 (4.5 ) — 10.5 Total revenue (0.2 ) 301.2 162.3 — 463.3 Expenses: Losses and loss adjustment expenses — 114.4 131.1 — 245.5 Underwriting, acquisition and insurance 5.8 95.5 55.5 — 156.8 Interest expense 1.6 4.5 1.7 — 7.8 Fee and other expense — 1.1 0.5 — 1.6 Foreign currency exchange losses (gains) — 0.1 (5.6 ) — (5.5 ) Total expenses 7.4 215.6 183.2 — 406.2 (Loss) income before income taxes (7.6 ) 85.6 (20.9 ) — 57.1 Provision for income taxes — 14.6 0.7 — 15.3 Net (loss) income before equity in earnings of subsidiaries (7.6 ) 71.0 (21.6 ) — 41.8 Equity in undistributed earnings of subsidiaries 49.4 — — (49.4 ) — Net income $ 41.8 $ 71.0 $ (21.6 ) $ (49.4 ) $ 41.8 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 135.5 $ 263.6 $ — $ 399.1 Net investment (expense) income (0.4 ) 29.3 14.7 — 43.6 Fee and other income — 2.9 0.9 — 3.8 Net realized investment gains (losses) — 5.2 (0.7 ) — 4.5 Total revenue (0.4 ) 172.9 278.5 — 451.0 Expenses: Losses and loss adjustment expenses — 72.5 158.1 — 230.6 Underwriting, acquisition and insurance 3.8 58.5 92.4 — 154.7 Interest expense 1.1 4.2 1.7 — 7.0 Fee and other expense — 3.2 0.1 — 3.3 Foreign currency exchange (gains) losses — (0.1 ) 4.7 — 4.6 Total expenses 4.9 138.3 257.0 — 400.2 (Loss) income before income taxes (5.3 ) 34.6 21.5 — 50.8 Provision (benefit) for income taxes — 8.1 (3.3 ) — 4.8 Net (loss) income before equity in earnings of subsidiaries (5.3 ) 26.5 24.8 — 46.0 Equity in undistributed earnings of subsidiaries 51.3 — — (51.3 ) — Net income $ 46.0 $ 26.5 $ 24.8 $ (51.3 ) $ 46.0 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 423.9 $ 408.5 $ — $ 832.4 Net investment (expense) income (1.4 ) 41.1 29.5 — 69.2 Fee and other income — 1.5 2.4 — 3.9 Net realized investment gains (losses) 0.1 (0.9 ) (4.4 ) — (5.2 ) Total revenue (1.3 ) 465.6 436.0 — 900.3 Expenses: Losses and loss adjustment expenses — 209.8 272.9 — 482.7 Underwriting, acquisition and insurance 8.2 165.2 143.6 — 317.0 Interest expense 2.9 8.8 3.8 — 15.5 Fee and other expense — 2.5 1.1 — 3.6 Foreign currency exchange losses (gains) — 0.2 (0.8 ) — (0.6 ) Total expenses 11.1 386.5 420.6 — 818.2 (Loss) income before income taxes (12.4 ) 79.1 15.4 — 82.1 Provision for income taxes — 13.2 2.3 — 15.5 Net (loss) income before equity in earnings of subsidiaries (12.4 ) 65.9 13.1 — 66.6 Equity in undistributed earnings of subsidiaries 79.0 — — (79.0 ) — Net income $ 66.6 $ 65.9 $ 13.1 $ (79.0 ) $ 66.6 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 266.4 $ 512.1 $ — $ 778.5 Net investment (expense) income (2.1 ) 48.2 28.0 — 74.1 Fee and other income — 5.7 1.7 — 7.4 Net realized investment gains (losses) 0.5 19.0 (0.4 ) — 19.1 Total revenue (1.6 ) 339.3 541.4 — 879.1 Expenses: Losses and loss adjustment expenses — 148.6 304.5 — 453.1 Underwriting, acquisition and insurance 12.2 116.7 179.4 — 308.3 Interest expense 1.4 8.5 3.0 — 12.9 Fee and other expense — 6.6 0.8 — 7.4 Foreign currency exchange losses — — 3.9 — 3.9 Total expenses 13.6 280.4 491.6 — 785.6 (Loss) income before income taxes (15.2 ) 58.9 49.8 — 93.5 Provision for income taxes — 14.5 (3.7 ) — 10.8 Net (loss) income before equity in earnings of subsidiaries (15.2 ) 44.4 53.5 — 82.7 Equity in undistributed earnings of subsidiaries 97.9 — — (97.9 ) — Net income $ 82.7 $ 44.4 $ 53.5 $ (97.9 ) $ 82.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Net cash flows from operating activities $ 39.2 $ 48.8 $ 37.9 $ — $ 125.9 Cash flows from investing activities: Proceeds from sales of investments — 650.8 374.2 — 1,025.0 Maturities and mandatory calls of fixed — 226.8 61.9 — 288.7 Purchases of investments — (937.5 ) (436.6 ) — (1,374.1 ) Change in short-term investments and (0.7 ) (2.8 ) (64.1 ) — (67.6 ) Settlements of foreign currency exchange (0.4 ) 0.2 2.5 — 2.3 Cash included in acquisition of Ariscom — — 15.6 — 15.6 Purchases of fixed assets and other, net (0.1 ) (14.8 ) (12.8 ) — (27.7 ) Cash used in investing activities (1.2 ) (77.3 ) (59.3 ) — (137.8 ) Cash flows from financing activities: Activity under stock incentive plans 0.2 — — — 0.2 Repurchase of Company's common shares (19.4 ) — — — (19.4 ) Payment of cash dividend to common (18.7 ) — — — (18.7 ) Cash used in financing activities (37.9 ) — — — (37.9 ) Effect of exchange rate changes on cash — — (0.1 ) — (0.1 ) Change in cash 0.1 (28.5 ) (21.5 ) — (49.9 ) Cash, beginning of year 0.9 47.8 127.9 — 176.6 Cash, end of period $ 1.0 $ 19.3 $ 106.4 $ — $ 126.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Net cash flows from operating activities $ 5.3 $ (8.0 ) $ 40.0 $ — $ 37.3 Cash flows from investing activities: Proceeds from sales of investments — 514.4 444.0 — 958.4 Maturities and mandatory calls of fixed — 240.6 94.5 — 335.1 Purchases of investments — (811.0 ) (655.0 ) — (1,466.0 ) Change in short-term investments and 0.4 72.0 228.0 — 300.4 Settlements of foreign currency exchange 0.8 — (0.3 ) — 0.5 Acquisition of Maybrooke, net of cash and (235.3 ) — 130.1 — (105.2 ) Issuance of intercompany note, net — — (120.0 ) 120.0 — Purchases of fixed assets and other, net (0.1 ) (12.7 ) (24.9 ) — (37.7 ) Cash (used in) provided by investing activities (234.2 ) 3.3 96.4 $ 120.0 (14.5 ) Cash flows from financing activities: Additional long-term borrowings 125.0 — — — 125.0 Borrowing under intercompany note, net 120.0 — — (120.0 ) — Activity under stock incentive plans 0.5 — — — 0.5 Repurchase of Company's common shares — (2.8 ) 0 0 (2.8 ) Payment of cash dividend to common shareholders (16.6 ) — — — (16.6 ) Cash provided by (used in) financing activities 228.9 (2.8 ) — (120.0 ) 106.1 Effect of exchange rate changes on cash — — (0.4 ) — (0.4 ) Change in cash — (7.5 ) 136.0 — 128.5 Cash, beginning of year — 53.7 32.3 — 86.0 Cash, end of period $ — $ 46.2 $ 168.3 $ — $ 214.5 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of Argo Group International Holdings, Ltd. (“Argo Group,” “we” or the “Company”) and its subsidiaries have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. The preparation of interim financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The major estimates reflected in our consolidated financial statements include, but are not limited to, reserves for losses and loss adjustment expenses; reinsurance recoverables, including the reinsurance recoverables allowance for doubtful accounts; estimates of written and earned premiums; reinsurance premium receivable; fair value of investments and assessment of potential impairment; valuation of goodwill and intangibles and our deferred tax asset valuation allowance. Actual results could differ from those estimates. Certain financial information that normally is included in annual financial statements, including certain financial statement footnotes, prepared in accordance with GAAP, is not required for interim reporting purposes and has been condensed or omitted. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017 , filed with the Securities and Exchange Commission on February 27, 2018. Effective March 5, 2018 , we acquired 100% of the capital stock of Ariscom Compagnia di Assicurazioni S.p.A. (“Ariscom”) upon its release from extraordinary administration by the Italian insurance supervisory authority (“IVASS”). The acquisition is being accounted for in accordance with Accounting Standards Codification (“ASC”) 805, “Business Combinations.” See Note 3, “Acquisition of Ariscom,” for additional discussion regarding the acquisition. The Consolidated Financial Statements as of and for the three and six months ended June 30, 2018 and the Notes to the Consolidated Financial Statements reflect the consolidated results of Argo Group and Ariscom commencing on the date of acquisition. The interim financial information as of, and for the three and six months ended June 30, 2018 and 2017 is unaudited. However, in the opinion of management, the interim information includes all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the results presented for the interim periods. The operating results for the interim periods are not necessarily indicative of the results to be expected for the full year. All significant intercompany amounts have been eliminated in consolidation.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value of Investments	The amortized cost, gross unrealized gains, gross unrealized losses and fair value in fixed maturity investments were as follows: June 30, 2018 (in millions) Amortized Gross Gross Fair Fixed maturities U.S. Governments $ 268.0 $ 0.2 $ 7.0 $ 261.2 Foreign Governments 248.3 1.7 5.9 244.1 Obligations of states and political subdivisions 266.6 5.9 1.8 270.7 Corporate bonds 1,655.2 10.7 30.5 1,635.4 Commercial mortgage-backed securities 145.8 — 2.8 143.0 Residential mortgage-backed securities 375.7 2.0 9.6 368.1 Asset-backed securities 159.4 0.4 1.3 158.5 Collateralized loan obligations 219.5 1.7 0.8 220.4 Total fixed maturities $ 3,338.5 $ 22.6 $ 59.7 $ 3,301.4 December 31, 2017 (in millions) Amortized Gross Gross Fair Fixed maturities U.S. Governments $ 419.9 $ 0.2 $ 5.0 $ 415.1 Foreign Governments 229.0 6.7 2.5 233.2 Obligations of states and political subdivisions 327.7 9.3 1.1 335.9 Corporate bonds 1,514.5 24.4 13.2 1,525.7 Commercial mortgage-backed securities 136.3 0.1 1.5 134.9 Residential mortgage-backed securities 309.3 2.8 2.7 309.4 Asset-backed securities 161.3 0.7 0.8 161.2 Collateralized loan obligations 222.6 5.9 0.5 228.0 Total fixed maturities $ 3,320.6 $ 50.1 $ 27.3 $ 3,343.4
Schedule of Amortized Cost and Fair Values of Fixed Maturity Investments, by Contractual Maturity	The amortized cost and fair values of fixed maturity investments as of June 30, 2018 , by contractual maturity, were as follows: (in millions) Amortized Fair Due in one year or less $ 208.9 $ 208.6 Due after one year through five years 1,482.3 1,465.7 Due after five years through ten years 597.2 588.0 Thereafter 149.7 149.1 Structured securities 900.4 890.0 Total $ 3,338.5 $ 3,301.4
Schedule of Carrying Value And Unfunded Investment Commitments Of Other Invested Assets Portfolio	Details regarding the carrying value and unfunded investment commitments of other investments as of June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 (in millions) Carrying Unfunded Investment Type Hedge funds $ 140.0 $ — Private equity 199.0 114.9 Long only funds 182.6 — Other 4.3 — Total other investments $ 525.9 $ 114.9 December 31, 2017 (in millions) Carrying Unfunded Investment Type Hedge funds $ 163.6 $ — Private equity 179.2 129.9 Long only funds 196.5 — Other 4.3 — Total other investments $ 543.6 $ 129.9
Schedule of Aging of Unrealized Losses on Company's Investments in Fixed Maturities, Equity Securities and Other Investments	An aging of unrealized losses on our investments in fixed maturities is presented below: June 30, 2018 Less Than One Year One Year or Greater Total (in millions) Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities U.S. Governments $ 223.4 $ 6.1 $ 17.2 $ 0.9 $ 240.6 $ 7.0 Foreign Governments (1) 212.9 5.9 5.0 — 217.9 5.9 Obligations of states and political subdivisions 67.5 1.1 14.6 0.7 82.1 1.8 Corporate bonds 1,195.0 28.7 28.9 1.8 1,223.9 30.5 Commercial mortgage-backed securities 105.2 1.9 15.8 0.9 121.0 2.8 Residential mortgage-backed securities 288.2 8.9 14.0 0.7 302.2 9.6 Asset-backed securities 107.1 1.0 7.0 0.3 114.1 1.3 Collateralized loan obligations 129.8 0.8 — — 129.8 0.8 Total fixed maturities $ 2,329.1 $ 54.4 $ 102.5 $ 5.3 $ 2,431.6 $ 59.7 December 31, 2017 Less Than One Year One Year or Greater Total (in millions) Fair Unrealized Fair Unrealized Fair Unrealized Fixed maturities U.S. Governments $ 313.7 $ 1.9 $ 83.7 $ 3.1 $ 397.4 $ 5.0 Foreign Governments 175.2 2.0 35.9 0.5 211.1 2.5 Obligations of states and political subdivisions 33.3 0.5 22.4 0.6 55.7 1.1 Corporate bonds 674.1 9.9 77.7 3.3 751.8 13.2 Commercial mortgage-backed securities 58.2 0.4 37.8 1.1 96.0 1.5 Residential mortgage-backed securities 164.4 1.6 52.4 1.1 216.8 2.7 Asset-backed securities 85.4 0.4 31.9 0.4 117.3 0.8 Collateralized loan obligations (1) 34.6 0.5 0.9 — 35.5 0.5 Total fixed maturities $ 1,538.9 $ 17.2 $ 342.7 $ 10.1 $ 1,881.6 $ 27.3 (1) Unrealized losses one year or greater are less than $0.1 million .
Schedule of Recognized Other-than-temporary Losses on Fixed Maturities and Equity Portfolios	We recognized other-than-temporary losses on our fixed maturities and equity portfolio as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Other-than-temporary impairment: Corporate bonds $ (0.9 ) $ — (1.9 ) — Equity securities — (1.1 ) — (1.5 ) Other-than-temporary impairment losses $ (0.9 ) $ (1.1 ) $ (1.9 ) $ (1.5 )
Schedule of Company's Gross Realized Investment Gains (Losses)	The following table presents our gross realized investment gains (losses): For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Realized gains on fixed maturities and other Fixed maturities $ 3.7 $ 5.5 $ 11.2 $ 12.6 Equity securities (1) — 12.0 — 27.7 Other and short-term investments 15.6 5.1 27.3 11.3 19.3 22.6 38.5 51.6 Realized losses on fixed maturities and other Fixed maturities (6.5 ) (5.0 ) (11.4 ) (11.2 ) Equity securities (1) — (1.8 ) — (2.5 ) Other and Short-term investments (16.3 ) (10.2 ) (25.6 ) (17.3 ) Other-than-temporary impairment losses on fixed maturities (0.9 ) — (1.9 ) — Other-than-temporary impairment losses on equity securities — (1.1 ) — (1.5 ) (23.7 ) (18.1 ) (38.9 ) (32.5 ) Equity securities (1) Net realized gains on equity securities sold during the period 10.6 — 21.8 — Change in unrealized gains (losses) on equity securities held at the end of the period 4.3 — (26.6 ) — Net realized gains (losses) on equity securities 14.9 — (4.8 ) — Net realized investment gains (losses) before income taxes 10.5 4.5 (5.2 ) 19.1 Income tax (expense) benefit (2.4 ) (1.3 ) 0.5 (5.7 ) Net realized investment gains (losses), net of income taxes $ 8.1 $ 3.2 $ (4.7 ) $ 13.4 (1) Effective January 1, 2018, we adopted ASU 2016-1. As a result, unrealized gains (losses) at the date of adoption have been reclassified from accumulated other comprehensive income to retained earnings. Additionally, all changes in the fair value of equity securities are recognized in net realized investment gains (losses). Prior periods have not been restated to conform to the current presentation. See Note 2, "Recently Issued Accounting Pronouncements."
Schedule of Changes in Unrealized Appreciation (Depreciation)	Changes in unrealized appreciation (depreciation) related to investments are summarized as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Change in unrealized (losses) gains Fixed maturities $ (21.8 ) $ 19.5 (58.9 ) 32 Equity securities — 3.3 — 8.7 Other investments 0.1 2.0 0.1 2 Short-term investments 0.1 — — — Net unrealized investment (losses) gains before income taxes (21.6 ) 24.8 (58.8 ) 42.7 Income tax benefit (expense) 2.8 (5.1 ) 9.1 (9.7 ) Net unrealized investment (losses) gains, net of income taxes $ (18.8 ) $ 19.7 $ (49.7 ) $ 33.0
Schedule of Fair Value of Foreign Currency Exchange Forward Contracts	The fair value of our foreign currency exchange forward contracts as of June 30, 2018 and December 31, 2017 was as follows: (in millions) June 30, 2018 December 31, 2017 Operational currency exposure $ (2.2 ) $ (0.2 ) Asset manager investment exposure 0.2 (0.9 ) Total return strategy (0.3 ) 0.7 Total $ (2.3 ) $ (0.4 )
Schedule of Realized Gains and Losses of Investment on Foreign Currency Exchange Forward Contracts	The following table represents our gross investment realized gains and losses on our foreign currency exchange forward contracts: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Realized gains Operational currency exposure $ 1.7 $ 3.7 $ 6.0 $ 5.7 Asset manager investment exposure 8.7 — 13.0 0.5 Total return strategy 4.3 0.5 6.9 3.6 Gross realized investment gains 14.7 4.2 25.9 9.8 Realized losses Operational currency exposure (3.7 ) (3.7 ) (4.3 ) (5.9 ) Asset manager investment exposure (5.7 ) (5.4 ) (11.6 ) (6.8 ) Total return strategy (6.0 ) (0.8 ) (8.1 ) (2.7 ) Gross realized investment losses (15.4 ) (9.9 ) (24.0 ) (15.4 ) Net realized investment (losses) gains on foreign currency exchange forward contracts $ (0.7 ) $ (5.7 ) $ 1.9 $ (5.6 )
Schedule of Restricted Assets	The following table presents our components of restricted assets at June 30: (in millions) June 30, 2018 June 30, 2017 Securities on deposit for regulatory and other purposes $ 167.0 $ 176.0 Securities pledged as collateral for letters of credit 78.1 29.1 Securities and cash on deposit supporting Lloyd’s business 373.9 397.2 Total restricted investments $ 619.0 $ 602.3
Financial Assets Measured at Fair Value on Recurring Basis	Based on an analysis of the inputs, our financial assets measured at fair value on a recurring basis have been categorized as follows: Fair Value Measurements at Reporting Date Using (in millions) June 30, 2018 Level 1 (a) Level 2 (b) Level 3 (c) Fixed maturities U.S. Governments $ 261.2 $ 252.2 $ 9.0 $ — Foreign Governments 244.1 — 244.1 — Obligations of states and political subdivisions 270.7 — 270.7 — Corporate bonds 1,635.4 — 1,631.8 3.6 Commercial mortgage-backed securities 143.0 — 143.0 — Residential mortgage-backed securities 368.1 — 368.1 — Asset-backed securities 158.5 — 158.5 — Collateralized loan obligations 220.4 — 220.4 — Total fixed maturities 3,301.4 252.2 3,045.6 3.6 Equity securities 492.2 484.1 2.1 6.0 Other investments 95.4 — 95.4 — Short-term investments 449.4 391.8 57.6 — $ 4,338.4 $ 1,128.1 $ 3,200.7 $ 9.6 (a) Quoted prices in active markets for identical assets (b) Significant other observable inputs (c) Significant unobservable inputs Fair Value Measurements at Reporting Date Using (in millions) December 31, 2017 Level 1 (a) Level 2 (b) Level 3 (c) Fixed maturities U.S. Governments $ 415.1 $ 410.6 $ 4.5 $ — Foreign Governments 233.2 — 233.2 — Obligations of states and political subdivisions 335.9 — 335.9 — Corporate bonds 1,525.7 — 1,523.8 1.9 Commercial mortgage-backed securities 134.9 — 134.9 — Residential mortgage-backed securities 309.4 — 309.4 — Asset-backed securities 161.2 — 161.2 — Collateralized loan obligations 228.0 — 228.0 — Total fixed maturities 3,343.4 410.6 2,930.9 1.9 Equity securities 487.4 483.0 2.1 2.3 Other investments 108.8 — 108.8 — Short-term investments 368.5 333.7 34.8 — $ 4,308.1 $ 1,227.3 $ 3,076.6 $ 4.2 (a) Quoted prices in active markets for identical assets (b) Significant other observable inputs (c) Significant unobservable inputs
Schedule of Reconciliation of Beginning and Ending Balances for Investments Categorized as Level 3	A reconciliation of the beginning and ending balances for the investments categorized as Level 3 are as follows: Fair Value Measurements Using Observable Inputs (Level 3) (in millions) Credit Financial Equity Total Beginning balance, January 1, 2018 $ 1.9 $ 2.3 $ 4.2 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses (realized/unrealized): Included in net income (loss) — — — Included in other comprehensive income (loss) — — — Purchases, issuances, sales, and settlements: Purchases 1.7 4.1 5.8 Issuances — — — Sales — (0.4 ) (0.4 ) Settlements — — — Ending balance, June 30, 2018 $ 3.6 $ 6.0 $ 9.6 Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at June 30, 2018 $ — $ — $ — (in millions) Credit Financial Equity Total Beginning balance, January 1, 2017 $ 2.0 $ 0.4 $ 2.4 Transfers into Level 3 — — — Transfers out of Level 3 — — — Total gains or losses (realized/unrealized): Included in net income (loss) — — — Included in other comprehensive income (loss) (0.1 ) 0.2 0.1 Purchases, issuances, sales, and settlements: Purchases — 1.7 1.7 Issuances — — — Sales — — — Settlements — — — Ending balance, December 31, 2017 $ 1.9 $ 2.3 $ 4.2 Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at December 31, 2017 $ — $ — $ —

Reserves for Losses and Loss 27

Reserves for Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Insurance [Abstract]
Reserves for Losses and Loss Adjustment Expenses	The following table provides a reconciliation of reserves for losses and loss adjustment expenses (“LAE”): For the Six Months Ended June 30, (in millions) 2018 2017 Net reserves beginning of the year $ 2,488.0 $ 2,180.2 Net Maybrooke reserves acquired — 132.6 Net Ariscom reserves acquired 49.4 — Add: Losses and LAE incurred during current calendar year, net of reinsurance: Current accident year 487.1 447.4 Prior accident years (4.4 ) 5.7 Losses and LAE incurred during calendar year, net of reinsurance 482.7 453.1 Deduct: Losses and LAE payments made during current calendar year, net of reinsurance: Current accident year 152.1 88.9 Prior accident years 327.0 290.8 Losses and LAE payments made during current calendar year, net of reinsurance: 479.1 379.7 Change in participation interest (1) (29.4 ) (23.2 ) Foreign exchange adjustments (24.0 ) 1.8 Net reserves - end of period 2,487.6 2,364.8 Add: Reinsurance recoverables on unpaid losses and LAE, end of period 1,755.3 1,268.0 Gross reserves - end of period $ 4,242.9 $ 3,632.8 (1) Amount represents the change in reserves due to changing our participation in Syndicates 1200 and 1910.
Impact from (Favorable) Unfavorable Development of Prior Accident Years’ Loss and LAE Reserves on Each Reporting Segment	The impact from the (favorable) unfavorable development of prior accident years’ loss and LAE reserves on each reporting segment is presented below: For the Six Months Ended June 30, (in millions) 2018 2017 U.S. Operations $ (4.1 ) $ (18.0 ) International Operations (3.3 ) 19.6 Run-off Lines 3.0 4.1 Total (favorable) unfavorable prior-year development $ (4.4 ) $ 5.7

Disclosures about Fair Value 28

Disclosures about Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Summary of Company's Financial Instruments Whose Carrying Amount Did Not Equal Fair Value	A summary of our financial instruments whose carrying value did not equal fair value is shown below: June 30, 2018 December 31, 2017 (in millions) Carrying Fair Carrying Fair Junior subordinated debentures Trust preferred debentures $ 172.7 $ 172.9 $ 172.7 $ 172.9 Subordinated debentures acquired with Maybrooke 84.1 83.3 83.9 85.0 Senior unsecured fixed rate notes 139.7 141.1 139.6 141.2 Floating rate loan stock 59.0 59.0 58.9 59.0

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Repurchase of Shares	A summary of common shares repurchased for the six months ended June 30, 2018 is shown below: Repurchase Type Date 2018 Purchase Period Number of Average Price Total Cost Repurchase 10b5-1 Trading Plan 12/15/2017 01/02/2018-02/16/2018 225,281 $ 59.31 $ 13.3 2016 10b5-1 Trading Plan 6/15/2018 06/22/2018-06/29/2018 29,947 $ 58.86 1.8 2016 Open Market N/A 02/20/2018-03/02/2018 89,305 $ 59.03 5.3 2016 Total 344,533 $ 59.20 $ 20.4

Accumulated Other Comprehensi30

Accumulated Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Changes in Accumulated Other Comprehensive (Loss) Income	A summary of changes in accumulated other comprehensive (loss) income, net of taxes (where applicable) by component for the six months ended June 30, 2018 , and 2017 is presented below: (in millions) Foreign Currency Translation Adjustments Unrealized Defined Benefit Pension Plans Total Balance, January 1, 2018 $ (19.0 ) $ 121.9 $ (6.3 ) $ 96.6 Cumulative effect of adoption of ASU 2016-01 — (117.5 ) — (117.5 ) Cumulative effect of adoption of ASU 2018-02 — 22.1 (1.4 ) 20.7 Other comprehensive income (loss) before reclassifications (4.0 ) (52.1 ) — (56.1 ) Amounts reclassified from accumulated other comprehensive income (loss) — 2.4 — 2.4 Net current-period other comprehensive income (loss) (4.0 ) (145.1 ) (1.4 ) (150.5 ) Balance at June 30, 2018 $ (23.0 ) $ (23.2 ) $ (7.7 ) $ (53.9 ) (in millions) Foreign Currency Translation Adjustments Unrealized Defined Benefit Pension Plans Total Balance, January 1, 2017 $ (17.6 ) $ 72.4 $ (7.1 ) $ 47.7 Other comprehensive income (loss) before reclassifications (0.6 ) 45.7 — 45.1 Amounts reclassified from accumulated other comprehensive income (loss) — (12.7 ) — (12.7 ) Net current-period other comprehensive income (loss) (0.6 ) 33.0 — 32.4 Balance at June 30, 2017 $ (18.2 ) $ 105.4 $ (7.1 ) $ 80.1
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income	The amounts reclassified from accumulated other comprehensive income (loss) shown in the above table have been included in the following captions in our Consolidated Statements of Income: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Unrealized gains and losses on securities: Net realized investment gains (losses) $ 15.1 $ (2.7 ) $ 2.6 $ (18.9 ) Provision for income taxes (2.5 ) 1.0 (0.2 ) 6.2 Net of taxes $ 12.6 $ (1.7 ) $ 2.4 $ (12.7 )

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Income Per Common Share on Basic and Diluted Basis	The following table presents the calculation of net income per common share on a basic and diluted basis: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions, except number of shares and per share amounts) 2018 2017 2018 2017 Net income $ 41.8 $ 46.0 $ 66.6 $ 82.7 Weighted average common shares outstanding - basic 33,938,509 34,731,866 33,903,809 34,643,594 Effect of dilutive securities: Equity compensation awards 730,409 973,618 801,002 1,001,046 Weighted average common shares outstanding - diluted 34,668,918 35,705,484 34,704,811 35,644,640 Net income per common share: Basic $ 1.23 $ 1.32 $ 1.96 $ 2.39 Diluted $ 1.20 $ 1.29 $ 1.92 $ 2.32

Supplemental Cash Flow Inform32

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of Interest Paid and Income Taxes Paid (Recovered)	Interest paid and income taxes paid (recovered) were as follows: For the Six Months Ended June 30, (in millions) 2018 2017 Senior unsecured fixed rate notes $ 4.7 $ 4.7 Junior subordinated debentures 7.1 6.0 Other indebtedness 3.3 1.6 Revolving credit facility 0.3 0.3 Total interest paid $ 15.4 $ 12.6 Income taxes paid 8.2 9.9 Income taxes recovered — (2.2 ) Income taxes paid, net $ 8.2 $ 7.7

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair Value Assumptions	The following table summarizes the assumptions we used for the six months ended June 30, 2018 and 2017 : For the Six Months Ended June 30, 2018 2017 Risk-free rate of return 2.73% 1.83% Expected dividend yields 1.87% 1.68% Expected award life (years) 4.49 4.48 Expected volatility 18.13% 18.64%
Summary of Restricted Share Activity	A summary of restricted share activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 767,140 $ 42.91 Granted 319,134 $ 47.57 Vested and issued (199,193 ) $ 42.99 Expired or forfeited (85,003 ) $ 44.74 Outstanding at June 30, 2018 802,078 $ 44.55
Summary of Stock-Settled SARs Activity	A summary of stock-settled SARs activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 1,494,458 $ 30.85 Exercised (464,807 ) $ 27.07 Expired or forfeited (14,947 ) $ 36.25 Outstanding at June 30, 2018 1,014,704 $ 32.50
Summary of Cash-Settled SARs Activity	A summary of cash-settled SARs activity as of June 30, 2018 and changes during the six months ended is as follows: Shares Weighted-Average Outstanding at January 1, 2018 189,568 $ 28.95 Exercised (68,955 ) $ 28.56 Expired or forfeited (2,568 ) $ 21.23 Outstanding at June 30, 2018 118,045 $ 29.35

Underwriting, Acquisition and34

Underwriting, Acquisition and Insurance Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Underwriting Acquisition And Insurance Expenses [Abstract]
Underwriting, Acquisition and Insurance Expenses	The components of our underwriting, acquisition and insurance expenses are detailed in the table below. General expenses includes certain costs associated with our holding company. For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Commissions $ 56.7 $ 69.2 $ 124.7 $ 130.4 General expenses 90.6 88.0 178.4 176.7 Premium taxes, boards and bureaus 8.1 6.7 17.4 14.1 155.4 163.9 320.5 321.2 Net amortization (deferral) of policy acquisition costs 1.4 (9.2 ) (3.5 ) (12.9 ) Total underwriting, acquisition and insurance expenses $ 156.8 $ 154.7 $ 317.0 $ 308.3

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Pre-Tax Income (Loss) and Effective Income Tax Rates	Our expected income tax provision computed on pre-tax income (loss) at the weighted average tax rate has been calculated as the sum of the pre-tax income (loss) in each jurisdiction multiplied by that jurisdiction’s applicable statutory tax rate. For the three and six months ended June 30, 2018 and 2017 , pre-tax income (loss) attributable to our operations and the operations’ effective tax rates were as follows: For the Three Months Ended June 30, (in millions) 2018 2017 Pre-Tax Effective Pre-Tax Effective Bermuda $ (33.6 ) — % $ 25.3 — % United States 85.7 17.1 % 34.7 23.3 % United Kingdom 6.6 10.1 % (6.5 ) 52.8 % Belgium (0.1 ) 36.4 % 0.1 36.6 % Brazil 0.1 — % 0.6 — % United Arab Emirates 0.2 — % (2.2 ) — % Ireland (0.1 ) — % — (1) — % Italy (1.1 ) — % — — % Malta (0.6 ) (0.2 )% 0.5 — % Luxembourg — (1) — % (1.7 ) — % Switzerland — (1) 20.8 % — (1) 22.1 % Pre-tax income $ 57.1 26.9 % $ 50.8 9.4 % For the Six Months Ended June 30, (in millions) 2018 2017 Pre-Tax Effective Pre-Tax Effective Bermuda $ (8.4 ) — % $ 51.7 — % United States 79.5 16.6 % 58.7 24.8 % United Kingdom 12.7 17.1 % (12.0 ) 32.3 % Belgium — (1) — % 0.1 36.2 % Brazil (1.3 ) — % (0.2 ) — % United Arab Emirates 0.4 — % (3.5 ) — % Ireland (0.1 ) — % — (1) — % Italy (1.1 ) — % — — % Malta 0.4 0.2 % 1.1 — % Luxembourg — (1) — % (2.4 ) — % Switzerland — (1) 20.8 % — (1) 20.8 % Pre-tax income $ 82.1 18.9 % $ 93.5 11.5 % (1) Pre-tax income for the respective year was less than $0.1 million .
Reconciliation of Difference Between Provision for Income Taxes and Expected Tax Provision at Weighted Average Tax Rate	A reconciliation of the difference between the provision for income taxes and the expected tax provision at the weighted average tax rate is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Income tax (benefit) provision at expected rate $ 18.8 $ 10.8 $ 18.4 $ 18.0 Tax effect of: Nontaxable investment income (0.5 ) (1.1 ) (1.0 ) (2.4 ) Foreign exchange adjustments — (0.9 ) (0.2 ) (0.3 ) Withholding taxes 0.2 0.2 0.3 0.3 Change in valuation allowance (0.7 ) (1.0 ) (3.4 ) (1.1 ) Other (2.5 ) (3.2 ) 1.4 (3.7 ) Income tax provision $ 15.3 $ 4.8 $ 15.5 $ 10.8

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Revenue and Income (Loss) Before Income Taxes for Each Segment	Revenue and income (loss) before income taxes for each segment were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Revenue: Earned premiums U.S. Operations $ 267.0 $ 229.1 $ 529.3 $ 450.3 International Operations 150.5 169.9 302.9 328.1 Run-off Lines 0.2 0.1 0.2 0.1 Total earned premiums 417.7 399.1 832.4 778.5 Net investment income U.S. Operations 20.7 27.3 43.3 47.2 International Operations 8.4 10.1 17.2 16.7 Run-off Lines 2.0 2.9 4.2 5.0 Corporate and Other 2.1 3.3 4.5 5.2 Total net investment income 33.2 43.6 69.2 74.1 Fee and other income 1.9 3.8 3.9 7.4 Net realized investment gains (losses) 10.5 4.5 (5.2 ) 19.1 Total revenue $ 463.3 $ 451.0 $ 900.3 $ 879.1 For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Income (loss) before income taxes U.S. Operations $ 42.5 $ 53.0 $ 76.5 $ 90.2 International Operations 13.2 9.1 36.1 17.4 Run-off Lines (0.3 ) (1.2 ) (1.0 ) (3.7 ) Total segment income before taxes 55.4 60.9 111.6 103.9 Corporate and Other (8.8 ) (14.6 ) (24.3 ) (29.5 ) Net realized investment gains (losses) 10.5 4.5 (5.2 ) 19.1 Total income before income taxes $ 57.1 $ 50.8 $ 82.1 $ 93.5
Schedule of Earned Premiums by Geographic Location	The table below presents earned premiums by geographic location for the three and six months ended June 30, 2018 and 2017 . For this disclosure, we determine geographic location by the country of domicile of our subsidiaries that underwrite the business and not by the location of insureds or reinsureds from whom the business was generated. For the Three Months Ended June 30, For the Six Months Ended June 30, (in millions) 2018 2017 2018 2017 Bermuda $ 20.9 $ 23.1 $ 41.4 $ 48.7 Brazil 10.5 12.3 23.5 25.1 Italy 2.8 — 2.8 — Malta 15.7 1.3 21.4 2.3 United Kingdom 102.0 133.3 216.1 252.1 United States 265.8 229.1 527.2 450.3 Total earned premiums $ 417.7 $ 399.1 $ 832.4 $ 778.5
Identifiable Assets	The following table represents identifiable assets: (in millions) June 30, 2018 December 31, 2017 U.S. Operations $ 4,490.6 $ 4,298.4 International Operations 3,762.7 3,553.8 Run-off Lines 453.8 449.6 Corporate and Other 398.6 462.2 Total $ 9,105.7 $ 8,764.0

Senior Unsecured Fixed Rate N37

Senior Unsecured Fixed Rate Notes (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule Of Unamortized Debt Issuance Costs Deducted From Carrying Value Of Debt Liability	At June 30, 2018 and December 31, 2017 , the Notes consisted of the following: (in millions) June 30, 2018 December 31, 2017 Senior unsecured fixed rate notes Principal $ 143.8 $ 143.8 Less: unamortized debt issuance costs (4.1 ) (4.2 ) Senior unsecured fixed rate notes, less unamortized debt issuance costs $ 139.7 $ 139.6
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Assets Investments $ 1.2 $ 3,107.6 $ 1,660.1 $ — $ 4,768.9 Cash 1.0 19.3 106.4 — 126.7 Accrued investment income — 18.6 6.3 — 24.9 Premiums receivable — 221.8 476.3 — 698.1 Reinsurance recoverables — 1,548.5 583.1 — 2,131.6 Goodwill and other intangible assets, net 42.6 124.6 106.1 — 273.3 Deferred acquisition costs, net — 82.9 78.2 — 161.1 Ceded unearned premiums — 221.9 271.5 — 493.4 Other assets 9.6 178.4 239.7 — 427.7 Intercompany note receivable — 52.2 (52.2 ) — — Investments in subsidiaries 1,968.3 — — (1,968.3 ) — Total assets $ 2,022.7 $ 5,575.8 $ 3,475.5 $ (1,968.3 ) $ 9,105.7 Liabilities and Shareholders' Equity Reserves for losses and loss adjustment expenses $ — $ 2,575.3 $ 1,667.6 $ — $ 4,242.9 Unearned premiums — 721.8 561.8 — 1,283.6 Funds held and ceded reinsurance payable, net — 754.2 102.6 — 856.8 Debt 153.4 284.7 143.0 — 581.1 Current income taxes payable, net — 14.4 (0.9 ) — 13.5 Deferred tax liabilities, net — 15.4 (0.3 ) — 15.1 Accrued underwriting expenses and other liabilities 11.2 94.6 209.8 — 315.6 Due to (from) affiliates 61.0 1.0 (1.0 ) (61.0 ) — Total liabilities 225.6 4,461.4 2,682.6 (61.0 ) 7,308.6 Total shareholders' equity 1,797.1 1,114.4 792.9 (1,907.3 ) 1,797.1 Total liabilities and shareholders' equity $ 2,022.7 $ 5,575.8 $ 3,475.5 $ (1,968.3 ) $ 9,105.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2017 (in millions) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Assets Investments $ 0.4 $ 3,079.0 $ 1,663.5 $ — $ 4,742.9 Cash 0.9 47.8 127.9 — 176.6 Accrued investment income — 18.0 5.5 — 23.5 Premiums receivable — 216.5 382.1 — 598.6 Reinsurance recoverables — 1,487.3 606.0 — 2,093.3 Goodwill and other intangible assets, net 43.2 124.9 90.1 — 258.2 Current income taxes receivable, net — 2.4 (1.0 ) — 1.4 Deferred acquisition costs, net — 80.7 79.7 — 160.4 Ceded unearned premiums — 198.5 201.0 — 399.5 Other assets 9.2 171.5 128.9 — 309.6 Intercompany note receivable — 50.9 (50.9 ) — — Investments in subsidiaries 1,940.0 — — (1,940.0 ) — Total assets $ 1,993.7 $ 5,477.5 $ 3,232.8 $ (1,940.0 ) $ 8,764.0 Liabilities and Shareholders' Equity Reserves for losses and loss adjustment expenses $ — $ 2,483.9 $ 1,717.1 $ — $ 4,201.0 Unearned premiums — 704.0 503.7 — 1,207.7 Funds held and ceded reinsurance payable, net — 799.4 (22.7 ) — 776.7 Long-term debt 153.4 284.5 142.8 — 580.7 Deferred tax liabilities, net — 32.5 (1.2 ) — 31.3 Accrued underwriting expenses and other liabilities 8.9 95.0 43.0 — 146.9 Due to (from) affiliates 11.7 (0.4 ) 0.4 (11.7 ) — Total liabilities 174.0 4,398.9 2,383.1 (11.7 ) 6,944.3 Total shareholders' equity 1,819.7 1,078.6 849.7 (1,928.3 ) 1,819.7 Total liabilities and shareholders' equity $ 1,993.7 $ 5,477.5 $ 3,232.8 $ (1,940.0 ) $ 8,764.0 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations.
Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 267.0 $ 150.7 $ — $ 417.7 Net investment (expense) income (0.7 ) 19.0 14.9 — 33.2 Fee and other income — 0.7 1.2 — 1.9 Net realized investment gains (losses) 0.5 14.5 (4.5 ) — 10.5 Total revenue (0.2 ) 301.2 162.3 — 463.3 Expenses: Losses and loss adjustment expenses — 114.4 131.1 — 245.5 Underwriting, acquisition and insurance 5.8 95.5 55.5 — 156.8 Interest expense 1.6 4.5 1.7 — 7.8 Fee and other expense — 1.1 0.5 — 1.6 Foreign currency exchange losses (gains) — 0.1 (5.6 ) — (5.5 ) Total expenses 7.4 215.6 183.2 — 406.2 (Loss) income before income taxes (7.6 ) 85.6 (20.9 ) — 57.1 Provision for income taxes — 14.6 0.7 — 15.3 Net (loss) income before equity in earnings of subsidiaries (7.6 ) 71.0 (21.6 ) — 41.8 Equity in undistributed earnings of subsidiaries 49.4 — — (49.4 ) — Net income $ 41.8 $ 71.0 $ (21.6 ) $ (49.4 ) $ 41.8 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 135.5 $ 263.6 $ — $ 399.1 Net investment (expense) income (0.4 ) 29.3 14.7 — 43.6 Fee and other income — 2.9 0.9 — 3.8 Net realized investment gains (losses) — 5.2 (0.7 ) — 4.5 Total revenue (0.4 ) 172.9 278.5 — 451.0 Expenses: Losses and loss adjustment expenses — 72.5 158.1 — 230.6 Underwriting, acquisition and insurance 3.8 58.5 92.4 — 154.7 Interest expense 1.1 4.2 1.7 — 7.0 Fee and other expense — 3.2 0.1 — 3.3 Foreign currency exchange (gains) losses — (0.1 ) 4.7 — 4.6 Total expenses 4.9 138.3 257.0 — 400.2 (Loss) income before income taxes (5.3 ) 34.6 21.5 — 50.8 Provision (benefit) for income taxes — 8.1 (3.3 ) — 4.8 Net (loss) income before equity in earnings of subsidiaries (5.3 ) 26.5 24.8 — 46.0 Equity in undistributed earnings of subsidiaries 51.3 — — (51.3 ) — Net income $ 46.0 $ 26.5 $ 24.8 $ (51.3 ) $ 46.0 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 423.9 $ 408.5 $ — $ 832.4 Net investment (expense) income (1.4 ) 41.1 29.5 — 69.2 Fee and other income — 1.5 2.4 — 3.9 Net realized investment gains (losses) 0.1 (0.9 ) (4.4 ) — (5.2 ) Total revenue (1.3 ) 465.6 436.0 — 900.3 Expenses: Losses and loss adjustment expenses — 209.8 272.9 — 482.7 Underwriting, acquisition and insurance 8.2 165.2 143.6 — 317.0 Interest expense 2.9 8.8 3.8 — 15.5 Fee and other expense — 2.5 1.1 — 3.6 Foreign currency exchange losses (gains) — 0.2 (0.8 ) — (0.6 ) Total expenses 11.1 386.5 420.6 — 818.2 (Loss) income before income taxes (12.4 ) 79.1 15.4 — 82.1 Provision for income taxes — 13.2 2.3 — 15.5 Net (loss) income before equity in earnings of subsidiaries (12.4 ) 65.9 13.1 — 66.6 Equity in undistributed earnings of subsidiaries 79.0 — — (79.0 ) — Net income $ 66.6 $ 65.9 $ 13.1 $ (79.0 ) $ 66.6 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Premiums and other revenue: Earned premiums $ — $ 266.4 $ 512.1 $ — $ 778.5 Net investment (expense) income (2.1 ) 48.2 28.0 — 74.1 Fee and other income — 5.7 1.7 — 7.4 Net realized investment gains (losses) 0.5 19.0 (0.4 ) — 19.1 Total revenue (1.6 ) 339.3 541.4 — 879.1 Expenses: Losses and loss adjustment expenses — 148.6 304.5 — 453.1 Underwriting, acquisition and insurance 12.2 116.7 179.4 — 308.3 Interest expense 1.4 8.5 3.0 — 12.9 Fee and other expense — 6.6 0.8 — 7.4 Foreign currency exchange losses — — 3.9 — 3.9 Total expenses 13.6 280.4 491.6 — 785.6 (Loss) income before income taxes (15.2 ) 58.9 49.8 — 93.5 Provision for income taxes — 14.5 (3.7 ) — 10.8 Net (loss) income before equity in earnings of subsidiaries (15.2 ) 44.4 53.5 — 82.7 Equity in undistributed earnings of subsidiaries 97.9 — — (97.9 ) — Net income $ 82.7 $ 44.4 $ 53.5 $ (97.9 ) $ 82.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONS
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2018 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Net cash flows from operating activities $ 39.2 $ 48.8 $ 37.9 $ — $ 125.9 Cash flows from investing activities: Proceeds from sales of investments — 650.8 374.2 — 1,025.0 Maturities and mandatory calls of fixed — 226.8 61.9 — 288.7 Purchases of investments — (937.5 ) (436.6 ) — (1,374.1 ) Change in short-term investments and (0.7 ) (2.8 ) (64.1 ) — (67.6 ) Settlements of foreign currency exchange (0.4 ) 0.2 2.5 — 2.3 Cash included in acquisition of Ariscom — — 15.6 — 15.6 Purchases of fixed assets and other, net (0.1 ) (14.8 ) (12.8 ) — (27.7 ) Cash used in investing activities (1.2 ) (77.3 ) (59.3 ) — (137.8 ) Cash flows from financing activities: Activity under stock incentive plans 0.2 — — — 0.2 Repurchase of Company's common shares (19.4 ) — — — (19.4 ) Payment of cash dividend to common (18.7 ) — — — (18.7 ) Cash used in financing activities (37.9 ) — — — (37.9 ) Effect of exchange rate changes on cash — — (0.1 ) — (0.1 ) Change in cash 0.1 (28.5 ) (21.5 ) — (49.9 ) Cash, beginning of year 0.9 47.8 127.9 — 176.6 Cash, end of period $ 1.0 $ 19.3 $ 106.4 $ — $ 126.7 (1) Includes all other subsidiaries of Argo Group International Holdings, Ltd. and all intercompany eliminations. (2) Includes all Argo Group parent company eliminations. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2017 (in millions) (Unaudited) Argo Group Argo Group US, Inc. Other Subsidiaries Consolidating Total Net cash flows from operating activities $ 5.3 $ (8.0 ) $ 40.0 $ — $ 37.3 Cash flows from investing activities: Proceeds from sales of investments — 514.4 444.0 — 958.4 Maturities and mandatory calls of fixed — 240.6 94.5 — 335.1 Purchases of investments — (811.0 ) (655.0 ) — (1,466.0 ) Change in short-term investments and 0.4 72.0 228.0 — 300.4 Settlements of foreign currency exchange 0.8 — (0.3 ) — 0.5 Acquisition of Maybrooke, net of cash and (235.3 ) — 130.1 — (105.2 ) Issuance of intercompany note, net — — (120.0 ) 120.0 — Purchases of fixed assets and other, net (0.1 ) (12.7 ) (24.9 ) — (37.7 ) Cash (used in) provided by investing activities (234.2 ) 3.3 96.4 $ 120.0 (14.5 ) Cash flows from financing activities: Additional long-term borrowings 125.0 — — — 125.0 Borrowing under intercompany note, net 120.0 — — (120.0 ) — Activity under stock incentive plans 0.5 — — — 0.5 Repurchase of Company's common shares — (2.8 ) 0 0 (2.8 ) Payment of cash dividend to common shareholders (16.6 ) — — — (16.6 ) Cash provided by (used in) financing activities 228.9 (2.8 ) — (120.0 ) 106.1 Effect of exchange rate changes on cash — — (0.4 ) — (0.4 ) Change in cash — (7.5 ) 136.0 — 128.5 Cash, beginning of year — 53.7 32.3 — 86.0 Cash, end of period $ — $ 46.2 $ 168.3 $ — $ 214.5

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - shares	Mar. 07, 2018	Jun. 30, 2018	Mar. 05, 2018	Feb. 20, 2018
Basis Of Presentation [Line Items]
Stock divided declared		15.00%
Stock Dividend [Member]
Basis Of Presentation [Line Items]
Stock divided declared				15.00%
Additional stock issued as dividend (in shares)	4,397,520
Ariscom [Member]
Basis Of Presentation [Line Items]
Percentage of capital stock acquired			100.00%

Recently Issued Accounting Pr39

Recently Issued Accounting Pronouncements - Additional Information (Detail) $ in Millions	Dec. 31, 2017USD ($)
ASU 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	$ 0
ASU 2016-01 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	0
AOCI Attributable to Parent [Member] | ASU 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	20.7
AOCI Attributable to Parent [Member] | ASU 2016-01 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	(117.5)
Retained Earnings [Member] | ASU 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	(20.7)
Retained Earnings [Member] | ASU 2016-01 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of adoption of ASU	$ 117.5

Acquisition of Ariscom - Additi

Acquisition of Ariscom - Additional Information (Detail)	Mar. 05, 2018
Ariscom [Member]
Business Acquisition [Line Items]
Percentage of capital stock acquired	100.00%

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Millions	Jun. 30, 2018USD ($)security	Dec. 31, 2017USD ($)
Amortized Cost And Fair Value Debt Securities [Abstract]
Fair value of investments, assets managed on behalf of the trade capital providers | $	$ 113.2	$ 130.8
Number of securities in an unrealized loss position, total	5,260
Number of securities in an unrealized loss position for less than one year	3,349
Number of securities in an unrealized loss position for a period of one year or greater	106

Investments - Schedule of Amort

Investments - Schedule of Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value of Investments (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fixed maturities
Amortized Cost	$ 3,338.5	$ 3,320.6
Fair Value	3,301.4	3,343.4	[1]
Fixed Maturities [Member]
Fixed maturities
Amortized Cost	3,338.5	3,320.6
Gross Unrealized Gains	22.6	50.1
Gross Unrealized Losses	59.7	27.3
Fair Value	3,301.4	3,343.4
Fixed Maturities [Member] | U.S. Governments [Member]
Fixed maturities
Amortized Cost	268	419.9
Gross Unrealized Gains	0.2	0.2
Gross Unrealized Losses	7	5
Fair Value	261.2	415.1
Fixed Maturities [Member] | Foreign Governments [Member]
Fixed maturities
Amortized Cost	248.3	229
Gross Unrealized Gains	1.7	6.7
Gross Unrealized Losses	5.9	2.5
Fair Value	244.1	233.2
Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member]
Fixed maturities
Amortized Cost	266.6	327.7
Gross Unrealized Gains	5.9	9.3
Gross Unrealized Losses	1.8	1.1
Fair Value	270.7	335.9
Fixed Maturities [Member] | Corporate Bonds [Member]
Fixed maturities
Amortized Cost	1,655.2	1,514.5
Gross Unrealized Gains	10.7	24.4
Gross Unrealized Losses	30.5	13.2
Fair Value	1,635.4	1,525.7
Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member]
Fixed maturities
Amortized Cost	145.8	136.3
Gross Unrealized Gains	0	0.1
Gross Unrealized Losses	2.8	1.5
Fair Value	143	134.9
Fixed Maturities [Member] | Residential Mortgage-backed Securities [Member]
Fixed maturities
Amortized Cost	375.7	309.3
Gross Unrealized Gains	2	2.8
Gross Unrealized Losses	9.6	2.7
Fair Value	368.1	309.4
Fixed Maturities [Member] | Asset-backed Securities [Member]
Fixed maturities
Amortized Cost	159.4	161.3
Gross Unrealized Gains	0.4	0.7
Gross Unrealized Losses	1.3	0.8
Fair Value	158.5	161.2
Fixed Maturities [Member] | Collateralized Debt Obligations [Member]
Fixed maturities
Amortized Cost	219.5	222.6
Gross Unrealized Gains	1.7	5.9
Gross Unrealized Losses	0.8	0.5
Fair Value	$ 220.4	$ 228
[1]	Derived from audited consolidated financial statements.

Investments - Schedule of Amo43

Investments - Schedule of Amortized Cost and Fair Values of Fixed Maturity Investments, by Contractual Maturity (Detail) $ in Millions	Jun. 30, 2018USD ($)
Amortized Cost
Due in one year or less	$ 208.9
Due after one year through five years	1,482.3
Due after five years through ten years	597.2
Thereafter	149.7
Structured securities	900.4
Total	3,338.5
Fair Value
Due in one year or less	208.6
Due after one year through five years	1,465.7
Due after five years through ten years	588
Thereafter	149.1
Structured securities	890
Total	$ 3,301.4

Investments - Schedule of Carry

Investments - Schedule of Carrying Value and Unfunded Investment Commitments of Other Invested Assets Portfolio (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Carrying Value	$ 4,768.9	$ 4,742.9	[1]
Hedge funds [Member]
Schedule of Investments [Line Items]
Carrying Value	140	163.6
Unfunded Commitments	0	0
Private equity [Member]
Schedule of Investments [Line Items]
Carrying Value	199	179.2
Unfunded Commitments	114.9	129.9
Long only funds [Member]
Schedule of Investments [Line Items]
Carrying Value	182.6	196.5
Unfunded Commitments	0	0
Other [Member]
Schedule of Investments [Line Items]
Carrying Value	4.3	4.3
Unfunded Commitments	0	0
Other Investments [Member]
Schedule of Investments [Line Items]
Carrying Value	525.9	543.6
Unfunded Commitments	$ 114.9	$ 129.9
[1]	Derived from audited consolidated financial statements.

Investments - Schedule of Aging

Investments - Schedule of Aging of Unrealized Losses on Company's Investments in Fixed Maturities, Equity Securities and Other Investments (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Unrealized losses one year or greater, less than	$ 0.1	$ 0.1
Fixed Maturities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	2,329.1	1,538.9
Unrealized Losses, Less Than One Year	54.4	17.2
Fair Value, One Year or Greater	102.5	342.7
Unrealized Losses, One Year or Greater	5.3	10.1
Fair Value, Total	2,431.6	1,881.6
Unrealized Losses, Total	59.7	27.3
Fixed Maturities [Member] | U.S. Governments [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	223.4	313.7
Unrealized Losses, Less Than One Year	6.1	1.9
Fair Value, One Year or Greater	17.2	83.7
Unrealized Losses, One Year or Greater	0.9	3.1
Fair Value, Total	240.6	397.4
Unrealized Losses, Total	7	5
Fixed Maturities [Member] | Foreign Governments [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	212.9	175.2
Unrealized Losses, Less Than One Year	5.9	2
Fair Value, One Year or Greater	5	35.9
Unrealized Losses, One Year or Greater	0	0.5
Fair Value, Total	217.9	211.1
Unrealized Losses, Total	5.9	2.5
Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	67.5	33.3
Unrealized Losses, Less Than One Year	1.1	0.5
Fair Value, One Year or Greater	14.6	22.4
Unrealized Losses, One Year or Greater	0.7	0.6
Fair Value, Total	82.1	55.7
Unrealized Losses, Total	1.8	1.1
Fixed Maturities [Member] | Corporate Bonds [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	1,195	674.1
Unrealized Losses, Less Than One Year	28.7	9.9
Fair Value, One Year or Greater	28.9	77.7
Unrealized Losses, One Year or Greater	1.8	3.3
Fair Value, Total	1,223.9	751.8
Unrealized Losses, Total	30.5	13.2
Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	105.2	58.2
Unrealized Losses, Less Than One Year	1.9	0.4
Fair Value, One Year or Greater	15.8	37.8
Unrealized Losses, One Year or Greater	0.9	1.1
Fair Value, Total	121	96
Unrealized Losses, Total	2.8	1.5
Fixed Maturities [Member] | Residential Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	288.2	164.4
Unrealized Losses, Less Than One Year	8.9	1.6
Fair Value, One Year or Greater	14	52.4
Unrealized Losses, One Year or Greater	0.7	1.1
Fair Value, Total	302.2	216.8
Unrealized Losses, Total	9.6	2.7
Fixed Maturities [Member] | Asset-backed Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	107.1	85.4
Unrealized Losses, Less Than One Year	1	0.4
Fair Value, One Year or Greater	7	31.9
Unrealized Losses, One Year or Greater	0.3	0.4
Fair Value, Total	114.1	117.3
Unrealized Losses, Total	1.3	0.8
Fixed Maturities [Member] | Collateralized Debt Obligations [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than One Year	129.8	34.6
Unrealized Losses, Less Than One Year	0.8	0.5
Fair Value, One Year or Greater	0	0.9
Unrealized Losses, One Year or Greater	0	0
Fair Value, Total	129.8	35.5
Unrealized Losses, Total	$ 0.8	$ 0.5

Investments - Schedule of Recog

Investments - Schedule of Recognized Other-than-temporary Losses on Fixed Maturities and Equity Portfolios (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other-than-temporary impairment:
Other-than-temporary impairment losses	$ (0.9)	$ (1.1)	$ (1.9)	$ (1.5)
Equity Securities [Member]
Other-than-temporary impairment:
Other-than-temporary impairment losses	0	(1.1)	0	(1.5)
Corporate Bonds [Member]
Other-than-temporary impairment:
Other-than-temporary impairment losses	$ (0.9)	$ 0	$ (1.9)	$ 0

Investments - Schedule of Compa

Investments - Schedule of Company's Gross Realized Investment Gains (Losses) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule of Investments [Line Items]
Realized gains on fixed maturities and other	$ 19.3	$ 22.6	$ 38.5	$ 51.6
Realized losses on fixed maturities and other	(23.7)	(18.1)	(38.9)	(32.5)
Net realized gains on equity securities sold during the period	10.6	0	21.8	0
Change in unrealized gains (losses) on equity securities held at the end of the period	4.3	0	(26.6)	0
Net realized gains (losses) on equity securities	14.9	0	(4.8)	0
Net realized investment gains (losses) before income taxes	10.5	4.5	(5.2)	19.1
Income tax (expense) benefit	(2.4)	(1.3)	0.5	(5.7)
Net realized investment gains (losses), net of income taxes	8.1	3.2	(4.7)	13.4
Fixed Maturities [Member]
Schedule of Investments [Line Items]
Realized gains on fixed maturities and other	3.7	5.5	11.2	12.6
Realized losses on fixed maturities and other	(6.5)	(5)	(11.4)	(11.2)
Equity Securities [Member]
Schedule of Investments [Line Items]
Realized gains on fixed maturities and other	0	12	0	27.7
Realized losses on fixed maturities and other	0	(1.8)	0	(2.5)
Short-Term Investments [Member]
Schedule of Investments [Line Items]
Realized gains on fixed maturities and other	15.6	5.1	27.3	11.3
Realized losses on fixed maturities and other	(16.3)	(10.2)	(25.6)	(17.3)
Other-Than-Temporary Impairment Losses on Fixed Maturities [Member]
Schedule of Investments [Line Items]
Realized losses on fixed maturities and other	(0.9)	0	(1.9)	0
Other-Than-Temporary Impairment Losses on Equity Securities [Member]
Schedule of Investments [Line Items]
Realized losses on fixed maturities and other	$ 0	$ (1.1)	$ 0	$ (1.5)

Investments - Schedule of Chang

Investments - Schedule of Changes in Unrealized Appreciation (Depreciation) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule of Investments [Line Items]
Net unrealized investment (losses) gains before income taxes	$ (21.6)	$ 24.8	$ (58.8)	$ 42.7
Income tax benefit (expense)	2.8	(5.1)	9.1	(9.7)
Net unrealized investment (losses) gains, net of income taxes	(18.8)	19.7	(49.7)	33
Fixed Maturities [Member]
Schedule of Investments [Line Items]
Net unrealized investment (losses) gains before income taxes	(21.8)	19.5	(58.9)	32
Equity Securities [Member]
Schedule of Investments [Line Items]
Net unrealized investment (losses) gains before income taxes	0	3.3	0	8.7
Other [Member]
Schedule of Investments [Line Items]
Net unrealized investment (losses) gains before income taxes	0.1	2	0.1	2
Short-Term Investments [Member]
Schedule of Investments [Line Items]
Net unrealized investment (losses) gains before income taxes	$ 0.1	$ 0	$ 0	$ 0

Investments - Schedule of Fair

Investments - Schedule of Fair Value of Foreign Currency Exchange Forward Contracts (Detail) - Foreign Currency Exchange Forward Contracts [Member] - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Foreign currency exchange, fair value	$ (2.3)	$ (0.4)
Operational Currency Exposure [Member]
Schedule of Investments [Line Items]
Foreign currency exchange, fair value	(2.2)	(0.2)
Asset Manager Investment Exposure [Member]
Schedule of Investments [Line Items]
Foreign currency exchange, fair value	0.2	(0.9)
Total return strategy [Member]
Schedule of Investments [Line Items]
Foreign currency exchange, fair value	$ (0.3)	$ 0.7

Investments - Schedule of Reali

Investments - Schedule of Realized Gains and Losses of Investment on Foreign Currency Exchange Forward Contracts (Detail) - Foreign Currency Exchange Forward Contracts [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule of Investments [Line Items]
Gross realized investment gains	$ 14.7	$ 4.2	$ 25.9	$ 9.8
Gross realized investment losses	(15.4)	(9.9)	(24)	(15.4)
Net realized investment (losses) gains on foreign currency exchange forward contracts	(0.7)	(5.7)	1.9	(5.6)
Operational Currency Exposure [Member]
Schedule of Investments [Line Items]
Gross realized investment gains	1.7	3.7	6	5.7
Gross realized investment losses	(3.7)	(3.7)	(4.3)	(5.9)
Asset Manager Investment Exposure [Member]
Schedule of Investments [Line Items]
Gross realized investment gains	8.7	0	13	0.5
Gross realized investment losses	(5.7)	(5.4)	(11.6)	(6.8)
Total return strategy [Member]
Schedule of Investments [Line Items]
Gross realized investment gains	4.3	0.5	6.9	3.6
Gross realized investment losses	$ (6)	$ (0.8)	$ (8.1)	$ (2.7)

Investments - Components of Res

Investments - Components of Restricted Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Securities and cash on deposit supporting Lloyd’s business	$ 373.9	$ 397.2
Total restricted investments	619	602.3
Securities Pledged as Collateral [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Securities pledged as collateral for letters of credit	78.1	29.1
Securities Deposits For Regulatory and Other Purposes [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Securities on deposit for regulatory and other purposes	$ 167	$ 176

Investments - Financial Assets

Investments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 4,768.9	$ 4,742.9	[1]
Other Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	525.9	543.6
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	4,338.4	4,308.1
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	1,128.1	1,227.3
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	3,200.7	3,076.6
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	9.6	4.2
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	3,301.4	3,343.4
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	220.4	228
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Residential Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	368.1	309.4
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	252.2	410.6
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 1 [Member] | Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 1 [Member] | Residential Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	3,045.6	2,930.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 2 [Member] | Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	220.4	228
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 2 [Member] | Residential Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	368.1	309.4
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	3.6	1.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 3 [Member] | Collateralized Loan Obligations [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Level 3 [Member] | Residential Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | U.S. Governments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	261.2	415.1
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | U.S. Governments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	252.2	410.6
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | U.S. Governments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	9	4.5
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | U.S. Governments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Foreign Governments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	244.1	233.2
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Foreign Governments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Foreign Governments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	244.1	233.2
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Foreign Governments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	270.7	335.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	270.7	335.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Obligations of States and Political Subdivisions [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	1,635.4	1,525.7
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Corporate Bonds [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Corporate Bonds [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	1,631.8	1,523.8
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Corporate Bonds [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	3.6	1.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	143	134.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	143	134.9
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Commercial Mortgage-backed Securities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Asset-backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	158.5	161.2
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Asset-backed Securities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Asset-backed Securities [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	158.5	161.2
Fair Value, Measurements, Recurring [Member] | Fixed Maturities [Member] | Asset-backed Securities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	492.2	487.4
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	484.1	483
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	2.1	2.1
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	6	2.3
Fair Value, Measurements, Recurring [Member] | Other Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	95.4	108.8
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	95.4	108.8
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Short-Term Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	449.4	368.5
Fair Value, Measurements, Recurring [Member] | Short-Term Investments [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	391.8	333.7
Fair Value, Measurements, Recurring [Member] | Short-Term Investments [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	57.6	34.8
Fair Value, Measurements, Recurring [Member] | Short-Term Investments [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 0	$ 0
[1]	Derived from audited consolidated financial statements.

Investments - Schedule of Recon

Investments - Schedule of Reconciliation of Beginning and Ending Balances for Investments Categorized as Level 3 (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		$ 2.4
Transfers into Level 3	$ 0	0
Transfers out of Level 3	0	0
Included in net income (loss)	0	0
Included in other comprehensive income (loss)	0	0.1
Purchases	5.8	1.7
Issuances	0	0
Sales	(0.4)	0
Settlements	0	0
Ending balance	9.6	4.2
Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at end of period	0	0
Credit-Financial [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		2
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Included in net income (loss)	0	0
Included in other comprehensive income (loss)	0	(0.1)
Purchases	1.7	0
Issuances	0	0
Sales	0	0
Settlements	0	0
Ending balance	3.6	1.9
Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at end of period	0	0
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		0.4
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Included in net income (loss)	0	0
Included in other comprehensive income (loss)	0	0.2
Purchases	4.1	1.7
Issuances	0	0
Sales	(0.4)	0
Settlements	0	0
Ending balance	6	2.3
Amount of total gains or losses for the year included in net income (loss) attributable to the change in unrealized gains or losses relating to assets still held at end of period	$ 0	$ 0

Reserves for Losses and Loss 54

Reserves for Losses and Loss Adjustment Expenses - Reserves for Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	[1]
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net reserves beginning of the year			$ 2,488	$ 2,180.2
Losses and LAE incurred during current calendar year, net of reinsurance:
Current accident year			487.1	447.4
Prior accident years			(4.4)	5.7
Losses and LAE incurred during calendar year, net of reinsurance	$ 245.5	$ 230.6	482.7	453.1
Losses and LAE payments made during current calendar year, net of reinsurance:
Current accident year			152.1	88.9
Prior accident years			327	290.8
Losses and LAE payments made during current calendar year, net of reinsurance:			479.1	379.7
Change in participation interest			(29.4)	(23.2)
Foreign exchange adjustments			(24)	1.8
Net reserves - end of period	2,487.6	2,364.8	2,487.6	2,364.8
Reinsurance recoverables on unpaid losses and LAE, end of period	1,755.3	1,268	1,755.3	1,268
Gross reserves - end of period	$ 4,242.9	$ 3,632.8	4,242.9	3,632.8	$ 4,201
Maybrooke [Member]
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net reserves acquired			0	132.6
Ariscom [Member]
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net reserves acquired			$ 49.4	$ 0
[1]	Derived from audited consolidated financial statements.

Reserves for Losses and Loss 55

Reserves for Losses and Loss Adjustment Expenses - Impact from (Favorable) Unfavorable Development of Prior Accident Years' Loss and LAE Reserves on Each Reporting Segment (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Schedule Of Prior Accident Years Loss And Loss Adjustment Expense Reserves Development [Line Items]
Total unfavorable (favorable) prior-year development	$ (4.4)	$ 5.7
U.S. Operations [Member]
Schedule Of Prior Accident Years Loss And Loss Adjustment Expense Reserves Development [Line Items]
Total unfavorable (favorable) prior-year development	(4.1)	(18)
International Operations [Member]
Schedule Of Prior Accident Years Loss And Loss Adjustment Expense Reserves Development [Line Items]
Total unfavorable (favorable) prior-year development	(3.3)	19.6
Run Off Lines [Member]
Schedule Of Prior Accident Years Loss And Loss Adjustment Expense Reserves Development [Line Items]
Total unfavorable (favorable) prior-year development	$ 3	$ 4.1

Disclosures about Fair Value 56

Disclosures about Fair Value of Financial Instruments - Summary of Company's Financial Instruments Whose Carrying Amount Did Not Equal Fair Value (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Junior Subordinated Debentures [Member] | Trust Preferred Debentures [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	$ 172.7	$ 172.7
Junior Subordinated Debentures [Member] | Trust Preferred Debentures [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	172.9	172.9
Junior Subordinated Debentures [Member] | Junior Subordinated Debentures, Maybrooke [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	84.1	83.9
Junior Subordinated Debentures [Member] | Junior Subordinated Debentures, Maybrooke [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	83.3	85
Senior Unsecured Fixed Rate Notes [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	139.7	139.6
Senior Unsecured Fixed Rate Notes [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	141.1	141.2
Floating Rate Loan Stock [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	59	58.9
Floating Rate Loan Stock [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Instruments	$ 59	$ 59

Shareholders Equity - Additiona

Shareholders Equity - Additional Information (Detail) - USD ($)	Jun. 15, 2018	May 08, 2018	Mar. 07, 2018	Jun. 26, 2017	Jun. 01, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Feb. 20, 2018	May 03, 2016
Class of Stock [Line Items]
Stock divided declared						15.00%		15.00%
Dividend declared per common share (in dollars per share)		$ 0.27			$ 0.23	$ 0.27	$ 0.23	$ 0.54	$ 0.47
Cash dividends paid - common shares, total	$ 9,400,000			$ 8,300,000				$ 18,700,000	$ 16,600,000
Common shares repurchased (in shares)								344,533	46,500
Common shares repurchased on open market, total cost								$ 20,400,000	$ 2,800,000
2016 Repurchase Authorization [Member]
Class of Stock [Line Items]
Total number of shares authorized for purchase											$ 150,000,000
Remaining number of shares available under repurchase authorization						$ 64,600,000		$ 64,600,000
Common shares repurchased (in shares)								344,533
Common shares repurchased on open market, total cost								$ 20,400,000
Stock Dividend [Member]
Class of Stock [Line Items]
Stock divided declared										15.00%
Additional stock issued as dividend (in shares)			4,397,520

Shareholders Equity - Schedule

Shareholders Equity - Schedule of Repurchase of Shares (Detail) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	344,533	46,500
Average price of shares repurchased (in dollars per share)	$ 59.20	$ 59.54
Total cost	$ 20.4	$ 2.8
10b5-1 Trading Plan Initiated In 12/15/2017 Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	225,281
Average price of shares repurchased (in dollars per share)	$ 59.31
Total cost	$ 13.3
10b5-1 Trading Plan Initiated 6/15/2018 [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	29,947
Average price of shares repurchased (in dollars per share)	$ 58.86
Total cost	$ 1.8
Open Market Repurchase Authorization 2016 [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	89,305
Average price of shares repurchased (in dollars per share)	$ 59.03
Total cost	$ 5.3

Accumulated Other Comprehensi59

Accumulated Other Comprehensive (Loss) Income - Changes in Accumulated Other Comprehensive (Loss) Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ 1,819.7	[1]	$ 1,792.7
Other comprehensive income (loss) before reclassifications			(56.1)		45.1
Amounts reclassified from accumulated other comprehensive income (loss)			2.4		(12.7)
Net current-period other comprehensive income (loss)			(150.5)
Other comprehensive income, net of tax	$ (21.7)	$ 18.5	(53.7)		32.4
Ending Balance	1,797.1	1,891.3	1,797.1		1,891.3
ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						$ 0
ASU 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						0
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(19)		(17.6)
Other comprehensive income (loss) before reclassifications			(4)		(0.6)
Amounts reclassified from accumulated other comprehensive income (loss)			0		0
Net current-period other comprehensive income (loss)			(4)
Other comprehensive income, net of tax					(0.6)
Ending Balance	(23)	(18.2)	(23)		(18.2)
Foreign Currency Translation Adjustments [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						0
Foreign Currency Translation Adjustments [Member] | ASU 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						0
Unrealized Holding Gains on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			121.9		72.4
Other comprehensive income (loss) before reclassifications			(52.1)		45.7
Amounts reclassified from accumulated other comprehensive income (loss)	12.6	(1.7)	2.4		(12.7)
Net current-period other comprehensive income (loss)			(145.1)
Other comprehensive income, net of tax					33
Ending Balance	(23.2)	105.4	(23.2)		105.4
Unrealized Holding Gains on Securities [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						(117.5)
Unrealized Holding Gains on Securities [Member] | ASU 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						22.1
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(6.3)		(7.1)
Other comprehensive income (loss) before reclassifications			0		0
Amounts reclassified from accumulated other comprehensive income (loss)			0		0
Net current-period other comprehensive income (loss)			(1.4)
Other comprehensive income, net of tax					0
Ending Balance	(7.7)	(7.1)	(7.7)		(7.1)
Defined Benefit Pension Plans [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						0
Defined Benefit Pension Plans [Member] | ASU 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						(1.4)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			96.6		47.7
Other comprehensive income, net of tax			(53.7)		32.4
Ending Balance	$ (53.9)	$ 80.1	$ (53.9)		$ 80.1
AOCI Attributable to Parent [Member] | ASU 2016-01 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						(117.5)
AOCI Attributable to Parent [Member] | ASU 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative effect of adoption of ASU						$ 20.7
[1]	Derived from audited consolidated financial statements.

Accumulated Other Comprehensi60

Accumulated Other Comprehensive (Loss) Income - Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Unrealized gains and losses on securities:
Net of taxes			$ 2.4	$ (12.7)
Unrealized Gains and Losses on Securities [Member]
Unrealized gains and losses on securities:
Net realized investment gains (losses)	$ 15.1	$ (2.7)	2.6	(18.9)
Provision for income taxes	(2.5)	1	(0.2)	6.2
Net of taxes	$ 12.6	$ (1.7)	$ 2.4	$ (12.7)

Net Income Per Common Share - N

Net Income Per Common Share - Net Income Per Common Share on Basic and Diluted Basis (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net income	$ 41.8	$ 46	$ 66.6	$ 82.7
Weighted average common shares outstanding - basic (in shares)	33,938,509	34,731,866	33,903,809	34,643,594
Effect of dilutive securities:
Equity compensation awards (in shares)	730,409	973,618	801,002	1,001,046
Weighted average common shares outstanding - diluted (in shares)	34,668,918	35,705,484	34,704,811	35,644,640
Net income per common share - basic (in dollars per share)	$ 1.23	$ 1.32	$ 1.96	$ 2.39
Net income per common share - diluted (in dollars per share)	$ 1.20	$ 1.29	$ 1.92	$ 2.32

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Earnings Per Share [Abstract]
Treasury shares (in shares)	11,129,540	10,075,255	11,129,540	10,075,255	10,785,007
Equity compensation awards with anti-dilutive effect (in shares)	0	0	0	0

Supplemental Cash Flow Inform63

Supplemental Cash Flow Information - Schedule of Interest Paid and Income Taxes Paid (Recovered) (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Supplemental Cash Flow [Line Items]
Total interest paid	$ 15.4	$ 12.6
Income taxes paid	8.2	9.9
Income taxes recovered	0	(2.2)
Income taxes paid, net	8.2	7.7
Revolving Credit Facility [Member]
Supplemental Cash Flow [Line Items]
Total interest paid	0.3	0.3
Senior Unsecured Fixed Rate Notes [Member]
Supplemental Cash Flow [Line Items]
Total interest paid	4.7	4.7
Junior Subordinated Debentures [Member]
Supplemental Cash Flow [Line Items]
Total interest paid	7.1	6
Other Indebtedness [Member]
Supplemental Cash Flow [Line Items]
Total interest paid	$ 3.3	$ 1.6

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2014	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Nov. 30, 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period, years				5 years	5 years
Stock divided declared		15.00%		15.00%
Percentage increase in number of awards outstanding due to stock dividend				15.00%
Reduction in exercise price of awards outstanding due to stock dividend				13.04%
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period				7 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, compensation expense		$ 4,800,000	$ 2,400,000	$ 8,200,000	$ 5,200,000
Employee service share-based compensation, unrecognized compensation costs on non-vested awards		26,600,000		$ 26,600,000
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period, years				1 year
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period, years				8 years
Stock-Settled SARs Activity [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, compensation expense		400,000	2,000,000	$ 1,500,000	2,700,000
Employee service share-based compensation, unrecognized compensation costs on non-vested awards		1,200,000		$ 1,200,000
Stock-Settled SARs Activity [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period, years				1 year
Stock-Settled SARs Activity [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period, years				4 years
Cash Settled S A Rs Activity [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, compensation expense		300,000	$ 2,300,000	$ 800,000	$ 900,000
Employee service share-based compensation, unrecognized compensation costs on non-vested awards		$ 0		$ 0
2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)						4,500,000
Share-based compensation arrangement by share-based payment award, number of shares available for grant (in shares)	1,460,000
2007 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, additional number of shares authorized (in shares)	2,800,000
2007 Plan [Member] | Share Options and Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Count of restricted shares, settle in common shares (in shares)				1
2007 Plan [Member] | Restricted Shares, RSUs, Performance Units, Performance Shares, and Other [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Count of restricted shares, settle in common shares (in shares)				2.75

Share-based Compensation - Fair

Share-based Compensation - Fair Value Assumptions (Detail)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free rate of return	2.73%	1.83%
Expected dividend yields	1.87%	1.68%
Expected award life (years)	4 years 5 months 27 days	4 years 5 months 23 days
Expected volatility	18.13%	18.64%

Share-based Compensation - Summ

Share-based Compensation - Summary of Restricted Share Activity (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Shares
Outstanding at January 1, 2018 (in shares) | shares	767,140
Granted (in shares) | shares	319,134
Vested and issued (in shares) | shares	(199,193)
Expired or forfeited (in shares) | shares	(85,003)
Outstanding at June 30, 2018 (in shares) | shares	802,078
Weighted-Average Grant Date Fair Value
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 42.91
Granted (in dollars per share) | $ / shares	47.57
Vested and issued (in dollars per share) | $ / shares	42.99
Expired or forfeited (in dollars per share) | $ / shares	44.74
Outstanding, ending balance (in dollars per share) | $ / shares	$ 44.55

Share-based Compensation - Su67

Share-based Compensation - Summary of SARs Activity (Detail)	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Stock-Settled SARs Activity [Member]
Shares
Outstanding at January 1, 2018 (in shares) | shares	1,494,458
Exercised (in shares) | shares	(464,807)
Expired or forfeited (in shares) | shares	(14,947)
Outstanding at June 30, 2018 (in shares) | shares	1,014,704
Weighted-Average Exercise Price
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 30.85
Exercised (in dollars per share) | $ / shares	27.07
Expired or forfeited (in dollars per share) | $ / shares	36.25
Outstanding, ending balance (in dollars per share) | $ / shares	$ 32.50
Cash Settled S A Rs Activity [Member]
Shares
Outstanding at January 1, 2018 (in shares) | shares	189,568
Exercised (in shares) | shares	(68,955)
Expired or forfeited (in shares) | shares	(2,568)
Outstanding at June 30, 2018 (in shares) | shares	118,045
Weighted-Average Exercise Price
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 28.95
Exercised (in dollars per share) | $ / shares	28.56
Expired or forfeited (in dollars per share) | $ / shares	21.23
Outstanding, ending balance (in dollars per share) | $ / shares	$ 29.35

Underwriting, Acquisition and68

Underwriting, Acquisition and Insurance Expenses (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Underwriting Acquisition And Insurance Expenses [Abstract]
Commissions	$ 56.7	$ 69.2	$ 124.7	$ 130.4
General expenses	90.6	88	178.4	176.7
Premium taxes, boards and bureaus	8.1	6.7	17.4	14.1
Underwriting, acquisition and insurance expenses, total	155.4	163.9	320.5	321.2
Net amortization (deferral) of policy acquisition costs	1.4	(9.2)	(3.5)	(12.9)
Total underwriting, acquisition and insurance expenses	$ 156.8	$ 154.7	$ 317	$ 308.3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Income Taxes Disclosure [Line Items]
US federal tax rate	21.00%	35.00%
Net operating losses carryback period	2 years
Capital losses carryback period	3 years
Net change in valuation allowance, for deferred tax asset	$ 3,400,000
Net operating loss carryforward	6,900,000
Loss carryforwards per year	2,800,000
Unrecognized tax benefits	0		$ 0
Brazil [Member]
Income Taxes Disclosure [Line Items]
Valuation allowance	6,600,000
Maybrooke [Member]
Income Taxes Disclosure [Line Items]
Valuation allowance	1,200,000
Malta [Member]
Income Taxes Disclosure [Line Items]
Valuation allowance	1,200,000
ARIS [Member]
Income Taxes Disclosure [Line Items]
Net operating loss carryforward	$ 600,000

Income Taxes - Schedule of Pre-

Income Taxes - Schedule of Pre-Tax Income (Loss) and Effective Income Tax Rates (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 57.1	$ 50.8	$ 82.1	$ 93.5
Effective Tax Rate	26.90%	9.40%	18.90%	11.50%
Bermuda [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ (33.6)	$ 25.3	$ (8.4)	$ 51.7
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
United States [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 85.7	$ 34.7	$ 79.5	$ 58.7
Effective Tax Rate	17.10%	23.30%	16.60%	24.80%
United Kingdom [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 6.6	$ (6.5)	$ 12.7	$ (12)
Effective Tax Rate	10.10%	52.80%	17.10%	32.30%
Belgium [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ (0.1)	$ 0.1	$ 0	$ 0.1
Effective Tax Rate	36.40%	36.60%	0.00%	36.20%
Brazil [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 0.1	$ 0.6	$ (1.3)	$ (0.2)
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
United Arab Emirates [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 0.2	$ (2.2)	$ 0.4	$ (3.5)
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Ireland [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ (0.1)	$ 0	$ (0.1)	$ 0
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Italy [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ (1.1)	$ 0	$ (1.1)	$ 0
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Malta [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ (0.6)	$ 0.5	$ 0.4	$ 1.1
Effective Tax Rate	(0.20%)	0.00%	0.20%	0.00%
Luxembourg [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 0	$ (1.7)	$ 0	$ (2.4)
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Switzerland [Member]
Income Tax Examination [Line Items]
Pre-Tax Income (Loss)	$ 0	$ 0	$ 0	$ 0
Effective Tax Rate	20.80%	22.10%	20.80%	20.80%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Difference Between Provision for Income Taxes and Expected Tax Provision at Weighted Average Tax Rate (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) provision at expected rate	$ 18.8	$ 10.8	$ 18.4	$ 18
Tax effect of:
Nontaxable investment income	(0.5)	(1.1)	(1)	(2.4)
Foreign exchange adjustments	0	(0.9)	(0.2)	(0.3)
Withholding taxes	0.2	0.2	0.3	0.3
Change in valuation allowance	(0.7)	(1)	(3.4)	(1.1)
Other	(2.5)	(3.2)	1.4	(3.7)
Income tax provision	$ 15.3	$ 4.8	$ 15.5	$ 10.8

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Contractual commitments related to its limited partnership investments (up to)	$ 114.9
Contractual commitments period (not to exceed)	13 years

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)segment	Dec. 31, 2017USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	2
Assets associated with trade capital providers | $	$ 765.7	$ 731.8

Segment Information - Revenue a

Segment Information - Revenue and Income (Loss) Before Income Taxes for Each Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Earned premiums	$ 417.7	$ 399.1	$ 832.4	$ 778.5
Net investment income	33.2	43.6	69.2	74.1
Fee and other income	1.9	3.8	3.9	7.4
Net realized investment gains (losses) before income taxes	10.5	4.5	(5.2)	19.1
Total revenue	463.3	451	900.3	879.1
Income (loss) before income taxes	57.1	50.8	82.1	93.5
Operating Segments [Member]
Segment Reporting Information [Line Items]
Income (loss) before income taxes	55.4	60.9	111.6	103.9
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net investment income	2.1	3.3	4.5	5.2
Income (loss) before income taxes	(8.8)	(14.6)	(24.3)	(29.5)
U.S. Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earned premiums	267	229.1	529.3	450.3
Net investment income	20.7	27.3	43.3	47.2
Income (loss) before income taxes	42.5	53	76.5	90.2
International Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earned premiums	150.5	169.9	302.9	328.1
Net investment income	8.4	10.1	17.2	16.7
Income (loss) before income taxes	13.2	9.1	36.1	17.4
Run Off Lines [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earned premiums	0.2	0.1	0.2	0.1
Net investment income	2	2.9	4.2	5
Income (loss) before income taxes	$ (0.3)	$ (1.2)	$ (1)	$ (3.7)

Segment Information - Schedule

Segment Information - Schedule of Earned Premiums by Geographic Location (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	$ 417.7	$ 399.1	$ 832.4	$ 778.5
Bermuda [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	20.9	23.1	41.4	48.7
Brazil [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	10.5	12.3	23.5	25.1
Italy [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	2.8	0	2.8	0
Malta [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	15.7	1.3	21.4	2.3
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	102	133.3	216.1	252.1
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total earned premiums	$ 265.8	$ 229.1	$ 527.2	$ 450.3

Segment Information - Identifia

Segment Information - Identifiable Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 9,105.7	$ 8,764	[1]
Operating Segments [Member] | U.S. Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	4,490.6	4,298.4
Operating Segments [Member] | International Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	3,762.7	3,553.8
Operating Segments [Member] | Run Off Lines [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	453.8	449.6
Corporate and Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets	$ 398.6	$ 462.2
[1]	Derived from audited consolidated financial statements.

Senior Unsecured Fixed Rate N77

Senior Unsecured Fixed Rate Notes - Additional Information (Detail) - USD ($)	1 Months Ended
	Sep. 30, 2012	Jun. 30, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Principal amount of senior note		$ 143,800,000	$ 143,800,000
Senior Unsecured Fixed Rate Notes [Member]
Schedule of Equity Method Investments [Line Items]
Principal amount of senior note	$ 143,750,000
Interest rate stated percentage	6.50%
Redemption price, percentage	100.00%

Senior Unsecured Fixed Rate N78

Senior Unsecured Fixed Rate Notes - Schedule Of Unamortized Debt Issuance Costs Deducted From Carrying Value Of Debt Liability (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Principal	$ 143.8	$ 143.8
Less: unamortized debt issuance costs	(4.1)	(4.2)
Senior unsecured fixed rate notes, less unamortized debt issuance costs	$ 139.7	$ 139.6	[1]
[1]	Derived from audited consolidated financial statements.

Senior Unsecured Fixed Rate N79

Senior Unsecured Fixed Rate Notes - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017		Jun. 30, 2017	Dec. 31, 2016
Assets
Investments	$ 4,768.9	$ 4,742.9	[1]
Cash	126.7	176.6	[1]	$ 214.5	$ 86
Accrued investment income	24.9	23.5	[1]
Premiums receivable	698.1	598.6	[1]
Reinsurance recoverables	2,131.6	2,093.3	[1]
Goodwill and other intangible assets, net	273.3	258.2
Current income taxes receivable, net	0	1.4	[1]
Deferred acquisition costs, net	161.1	160.4	[1]
Ceded unearned premiums	493.4	399.5	[1]
Other assets	427.7	309.6	[1]
Intercompany note receivable	0	0
Investments in subsidiaries	0	0
Total assets	9,105.7	8,764	[1]
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	4,242.9	4,201	[1]	3,632.8
Unearned premiums	1,283.6	1,207.7	[1]
Funds held and ceded reinsurance payable, net	856.8	776.7
Debt	581.1	580.7
Current income taxes payable, net	13.5	0	[1]
Deferred tax liabilities, net	15.1	31.3	[1]
Accrued underwriting expenses and other liabilities	315.6	146.9
Due to (from) affiliates	0	0
Total liabilities	7,308.6	6,944.3	[1]
Total shareholders' equity	1,797.1	1,819.7	[1]	1,891.3	1,792.7
Total liabilities and shareholders' equity	9,105.7	8,764	[1]
Argo Group [Member]
Assets
Investments	1.2	0.4
Cash	1	0.9		0	0
Accrued investment income	0	0
Premiums receivable	0	0
Reinsurance recoverables	0	0
Goodwill and other intangible assets, net	42.6	43.2
Current income taxes receivable, net		0
Deferred acquisition costs, net	0	0
Ceded unearned premiums	0	0
Other assets	9.6	9.2
Intercompany note receivable	0	0
Investments in subsidiaries	1,968.3	1,940
Total assets	2,022.7	1,993.7
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	0	0
Unearned premiums	0	0
Funds held and ceded reinsurance payable, net	0	0
Debt	153.4	153.4
Current income taxes payable, net	0
Deferred tax liabilities, net	0	0
Accrued underwriting expenses and other liabilities	11.2	8.9
Due to (from) affiliates	61	11.7
Total liabilities	225.6	174
Total shareholders' equity	1,797.1	1,819.7
Total liabilities and shareholders' equity	2,022.7	1,993.7
Argo Group US, Inc. and Subsidiaries (Subsidiary Issuer) [Member]
Assets
Investments	3,107.6	3,079
Cash	19.3	47.8		46.2	53.7
Accrued investment income	18.6	18
Premiums receivable	221.8	216.5
Reinsurance recoverables	1,548.5	1,487.3
Goodwill and other intangible assets, net	124.6	124.9
Current income taxes receivable, net		2.4
Deferred acquisition costs, net	82.9	80.7
Ceded unearned premiums	221.9	198.5
Other assets	178.4	171.5
Intercompany note receivable	52.2	50.9
Investments in subsidiaries	0	0
Total assets	5,575.8	5,477.5
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	2,575.3	2,483.9
Unearned premiums	721.8	704
Funds held and ceded reinsurance payable, net	754.2	799.4
Debt	284.7	284.5
Current income taxes payable, net	14.4
Deferred tax liabilities, net	15.4	32.5
Accrued underwriting expenses and other liabilities	94.6	95
Due to (from) affiliates	1	(0.4)
Total liabilities	4,461.4	4,398.9
Total shareholders' equity	1,114.4	1,078.6
Total liabilities and shareholders' equity	5,575.8	5,477.5
Other Subsidiaries and Eliminations [Member]
Assets
Investments	1,660.1	1,663.5
Cash	106.4	127.9		168.3	32.3
Accrued investment income	6.3	5.5
Premiums receivable	476.3	382.1
Reinsurance recoverables	583.1	606
Goodwill and other intangible assets, net	106.1	90.1
Current income taxes receivable, net		(1)
Deferred acquisition costs, net	78.2	79.7
Ceded unearned premiums	271.5	201
Other assets	239.7	128.9
Intercompany note receivable	(52.2)	(50.9)
Investments in subsidiaries	0	0
Total assets	3,475.5	3,232.8
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	1,667.6	1,717.1
Unearned premiums	561.8	503.7
Funds held and ceded reinsurance payable, net	102.6	(22.7)
Debt	143	142.8
Current income taxes payable, net	(0.9)
Deferred tax liabilities, net	(0.3)	(1.2)
Accrued underwriting expenses and other liabilities	209.8	43
Due to (from) affiliates	(1)	0.4
Total liabilities	2,682.6	2,383.1
Total shareholders' equity	792.9	849.7
Total liabilities and shareholders' equity	3,475.5	3,232.8
Consolidating Adjustments [Member]
Assets
Investments	0	0
Cash	0	0		$ 0	$ 0
Accrued investment income	0	0
Premiums receivable	0	0
Reinsurance recoverables	0	0
Goodwill and other intangible assets, net	0	0
Current income taxes receivable, net		0
Deferred acquisition costs, net	0	0
Ceded unearned premiums	0	0
Other assets	0	0
Intercompany note receivable	0	0
Investments in subsidiaries	(1,968.3)	(1,940)
Total assets	(1,968.3)	(1,940)
Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses	0	0
Unearned premiums	0	0
Funds held and ceded reinsurance payable, net	0	0
Debt	0	0
Current income taxes payable, net	0
Deferred tax liabilities, net	0	0
Accrued underwriting expenses and other liabilities	0	0
Due to (from) affiliates	(61)	(11.7)
Total liabilities	(61)	(11.7)
Total shareholders' equity	(1,907.3)	(1,928.3)
Total liabilities and shareholders' equity	$ (1,968.3)	$ (1,940)
[1]	Derived from audited consolidated financial statements.

Senior Unsecured Fixed Rate N80

Senior Unsecured Fixed Rate Notes - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Premiums and other revenue:
Earned premiums	$ 417.7	$ 399.1	$ 832.4	$ 778.5
Net investment income	33.2	43.6	69.2	74.1
Fee and other income	1.9	3.8	3.9	7.4
Net realized investment gains (losses) before income taxes	10.5	4.5	(5.2)	19.1
Total revenue	463.3	451	900.3	879.1
Expenses:
Losses and loss adjustment expenses	245.5	230.6	482.7	453.1
Underwriting, acquisition and insurance expenses	156.8	154.7	317	308.3
Interest expense	7.8	7	15.5	12.9
Fee and other expense	1.6	3.3	3.6	7.4
Foreign currency exchange (gains) losses	(5.5)	4.6	(0.6)	3.9
Total expenses	406.2	400.2	818.2	785.6
Income before income taxes	57.1	50.8	82.1	93.5
Income tax provision	15.3	4.8	15.5	10.8
Net (loss) income before equity in earnings of subsidiaries	41.8	46	66.6	82.7
Equity in undistributed earnings of subsidiaries	0	0	0	0
Net income	41.8	46	66.6	82.7
Consolidating Adjustments [Member]
Premiums and other revenue:
Earned premiums	0	0	0	0
Net investment income	0	0	0	0
Fee and other income	0	0	0	0
Net realized investment gains (losses) before income taxes	0	0	0	0
Total revenue	0	0	0	0
Expenses:
Losses and loss adjustment expenses	0	0	0	0
Underwriting, acquisition and insurance expenses	0	0	0	0
Interest expense	0	0	0	0
Fee and other expense	0	0	0	0
Foreign currency exchange (gains) losses	0	0	0	0
Total expenses	0	0	0	0
Income before income taxes	0	0	0	0
Income tax provision	0	0	0	0
Net (loss) income before equity in earnings of subsidiaries	0	0	0	0
Equity in undistributed earnings of subsidiaries	(49.4)	(51.3)	(79)	(97.9)
Net income	(49.4)	(51.3)	(79)	(97.9)
Other Subsidiaries and Eliminations [Member]
Premiums and other revenue:
Earned premiums	150.7	263.6	408.5	512.1
Net investment income	14.9	14.7	29.5	28
Fee and other income	1.2	0.9	2.4	1.7
Net realized investment gains (losses) before income taxes	(4.5)	(0.7)	(4.4)	(0.4)
Total revenue	162.3	278.5	436	541.4
Expenses:
Losses and loss adjustment expenses	131.1	158.1	272.9	304.5
Underwriting, acquisition and insurance expenses	55.5	92.4	143.6	179.4
Interest expense	1.7	1.7	3.8	3
Fee and other expense	0.5	0.1	1.1	0.8
Foreign currency exchange (gains) losses	(5.6)	4.7	(0.8)	3.9
Total expenses	183.2	257	420.6	491.6
Income before income taxes	(20.9)	21.5	15.4	49.8
Income tax provision	0.7	(3.3)	2.3	(3.7)
Net (loss) income before equity in earnings of subsidiaries	(21.6)	24.8	13.1	53.5
Equity in undistributed earnings of subsidiaries	0	0	0	0
Net income	(21.6)	24.8	13.1	53.5
Argo Group [Member]
Premiums and other revenue:
Earned premiums	0	0	0	0
Net investment income	(0.7)	(0.4)	(1.4)	(2.1)
Fee and other income	0	0	0	0
Net realized investment gains (losses) before income taxes	0.5	0	0.1	0.5
Total revenue	(0.2)	(0.4)	(1.3)	(1.6)
Expenses:
Losses and loss adjustment expenses	0	0	0	0
Underwriting, acquisition and insurance expenses	5.8	3.8	8.2	12.2
Interest expense	1.6	1.1	2.9	1.4
Fee and other expense	0	0	0	0
Foreign currency exchange (gains) losses	0	0	0	0
Total expenses	7.4	4.9	11.1	13.6
Income before income taxes	(7.6)	(5.3)	(12.4)	(15.2)
Income tax provision	0	0	0	0
Net (loss) income before equity in earnings of subsidiaries	(7.6)	(5.3)	(12.4)	(15.2)
Equity in undistributed earnings of subsidiaries	49.4	51.3	79	97.9
Net income	41.8	46	66.6	82.7
Argo Group US, Inc. and Subsidiaries (Subsidiary Issuer) [Member]
Premiums and other revenue:
Earned premiums	267	135.5	423.9	266.4
Net investment income	19	29.3	41.1	48.2
Fee and other income	0.7	2.9	1.5	5.7
Net realized investment gains (losses) before income taxes	14.5	5.2	(0.9)	19
Total revenue	301.2	172.9	465.6	339.3
Expenses:
Losses and loss adjustment expenses	114.4	72.5	209.8	148.6
Underwriting, acquisition and insurance expenses	95.5	58.5	165.2	116.7
Interest expense	4.5	4.2	8.8	8.5
Fee and other expense	1.1	3.2	2.5	6.6
Foreign currency exchange (gains) losses	0.1	(0.1)	0.2	0
Total expenses	215.6	138.3	386.5	280.4
Income before income taxes	85.6	34.6	79.1	58.9
Income tax provision	14.6	8.1	13.2	14.5
Net (loss) income before equity in earnings of subsidiaries	71	26.5	65.9	44.4
Equity in undistributed earnings of subsidiaries	0	0	0	0
Net income	$ 71	$ 26.5	$ 65.9	$ 44.4

Senior Unsecured Fixed Rate N81

Senior Unsecured Fixed Rate Notes - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net cash flows from operating activities	$ 125.9		$ 37.3
Cash flows from investing activities:
Proceeds from sales of investments	1,025		958.4
Maturities and mandatory calls of fixed maturity investments	288.7		335.1
Purchases of investments	(1,374.1)		(1,466)
Change in short-term investments and foreign regulatory deposits	(67.6)		300.4
Settlements of foreign currency exchange forward contracts	2.3		0.5
Cash acquired with acquisition of Ariscom	15.6
Acquisition of Maybrooke, net of cash acquired			(105.2)
Issuance of intercompany note, net			0
Purchases of fixed assets and other, net	(27.7)		(37.7)
Cash used in investing activities	(137.8)		(14.5)
Cash flows from financing activities:
Additional long-term borrowings	0		125
Borrowing under intercompany note, net			0
Activity under stock incentive plans	0.2		0.5
Repurchase of Company's common shares	(19.4)		(2.8)
Payment of cash dividends to common shareholders	(18.7)		(16.6)
Cash (used in) provided by financing activities	(37.9)		106.1
Effect of exchange rate changes on cash	(0.1)		(0.4)
Change in cash	(49.9)		128.5
Cash, beginning of year	176.6	[1]	86
Cash, end of period	126.7		214.5
Argo Group [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash flows from operating activities	39.2		5.3
Cash flows from investing activities:
Proceeds from sales of investments	0		0
Maturities and mandatory calls of fixed maturity investments	0		0
Purchases of investments	0		0
Change in short-term investments and foreign regulatory deposits	(0.7)		0.4
Settlements of foreign currency exchange forward contracts	(0.4)		0.8
Cash acquired with acquisition of Ariscom	0
Acquisition of Maybrooke, net of cash acquired			(235.3)
Issuance of intercompany note, net			0
Purchases of fixed assets and other, net	(0.1)		(0.1)
Cash used in investing activities	(1.2)		(234.2)
Cash flows from financing activities:
Additional long-term borrowings			125
Borrowing under intercompany note, net			120
Activity under stock incentive plans	0.2		0.5
Repurchase of Company's common shares	(19.4)		0
Payment of cash dividends to common shareholders	(18.7)		(16.6)
Cash (used in) provided by financing activities	(37.9)		228.9
Effect of exchange rate changes on cash	0		0
Change in cash	0.1		0
Cash, beginning of year	0.9		0
Cash, end of period	1		0
Argo Group US, Inc. and Subsidiaries (Subsidiary Issuer) [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash flows from operating activities	48.8		(8)
Cash flows from investing activities:
Proceeds from sales of investments	650.8		514.4
Maturities and mandatory calls of fixed maturity investments	226.8		240.6
Purchases of investments	(937.5)		(811)
Change in short-term investments and foreign regulatory deposits	(2.8)		72
Settlements of foreign currency exchange forward contracts	0.2		0
Cash acquired with acquisition of Ariscom	0
Acquisition of Maybrooke, net of cash acquired			0
Issuance of intercompany note, net			0
Purchases of fixed assets and other, net	(14.8)		(12.7)
Cash used in investing activities	(77.3)		3.3
Cash flows from financing activities:
Additional long-term borrowings			0
Borrowing under intercompany note, net			0
Activity under stock incentive plans	0		0
Repurchase of Company's common shares	0		(2.8)
Payment of cash dividends to common shareholders	0		0
Cash (used in) provided by financing activities	0		(2.8)
Effect of exchange rate changes on cash	0		0
Change in cash	(28.5)		(7.5)
Cash, beginning of year	47.8		53.7
Cash, end of period	19.3		46.2
Other Subsidiaries and Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash flows from operating activities	37.9		40
Cash flows from investing activities:
Proceeds from sales of investments	374.2		444
Maturities and mandatory calls of fixed maturity investments	61.9		94.5
Purchases of investments	(436.6)		(655)
Change in short-term investments and foreign regulatory deposits	(64.1)		228
Settlements of foreign currency exchange forward contracts	2.5		(0.3)
Cash acquired with acquisition of Ariscom	15.6
Acquisition of Maybrooke, net of cash acquired			130.1
Issuance of intercompany note, net			(120)
Purchases of fixed assets and other, net	(12.8)		(24.9)
Cash used in investing activities	(59.3)		96.4
Cash flows from financing activities:
Additional long-term borrowings			0
Borrowing under intercompany note, net			0
Activity under stock incentive plans	0		0
Repurchase of Company's common shares	0		0
Payment of cash dividends to common shareholders	0		0
Cash (used in) provided by financing activities	0		0
Effect of exchange rate changes on cash	(0.1)		(0.4)
Change in cash	(21.5)		136
Cash, beginning of year	127.9		32.3
Cash, end of period	106.4		168.3
Consolidating Adjustments [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash flows from operating activities	0		0
Cash flows from investing activities:
Proceeds from sales of investments	0		0
Maturities and mandatory calls of fixed maturity investments	0		0
Purchases of investments	0		0
Change in short-term investments and foreign regulatory deposits	0		0
Settlements of foreign currency exchange forward contracts	0		0
Cash acquired with acquisition of Ariscom	0
Acquisition of Maybrooke, net of cash acquired			0
Issuance of intercompany note, net			120
Purchases of fixed assets and other, net	0		0
Cash used in investing activities	0		120
Cash flows from financing activities:
Additional long-term borrowings			0
Borrowing under intercompany note, net			(120)
Activity under stock incentive plans	0		0
Repurchase of Company's common shares	0		0
Payment of cash dividends to common shareholders	0		0
Cash (used in) provided by financing activities	0		(120)
Effect of exchange rate changes on cash	0		0
Change in cash	0		0
Cash, beginning of year	0		0
Cash, end of period	$ 0		$ 0
[1]	Derived from audited consolidated financial statements.