Transfers out of Level 3, liabilities

  


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|   |  | Year Ended December 31, 2021 |
|   |  | Balance,beginningof period |  | Total gains (losses) (realized/unrealized)included inearnings (1) |  | Netunrealizedgains (losses)included inothercomprehensiveincome (2) |  | Purchases |  | Sales |  | Transfersin (3) |  | Transfersout (3) |  | Balance,end ofperiod |
| Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed Maturity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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| Foreign governments |  | $ | 0.4  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | (0.4) |  |  | $ | —  |  |
| Asset-backed  |  | —  |  |  | —  |  |  | —  |  |  | 1.5  |  |  | —  |  |  | —  |  |  | (1.5) |  |  | —  |  |
| Commercial mortgage-backed |  | 8.7  |  |  | (1.9) |  |  | 0.3  |  |  | —  |  |  | —  |  |  | —  |  |  | (7.1) |  |  | —  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| U.S. corporate |  | 12.0  |  |  | 0.2  |  |  | (0.5) |  |  | 0.6  |  |  | (1.2) |  |  | 3.4  |  |  | (11.1) |  |  | 3.4  |  |
| Foreign corporate |  | 3.9  |  |  | —  |  |  | (0.1) |  |  | —  |  |  | (0.2) |  |  | 1.1  |  |  | (1.1) |  |  | 3.6  |  |
| Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common stock (4) |  | 1.2  |  |  | 85.6  |  |  | —  |  |  | —  |  |  | —  |  |  | 48.1  |  |  | —  |  |  | 134.9  |  |
| Non-redeemable preferred stocks |  | 1.1  |  |  | —  |  |  | —  |  |  | 1.1  |  |  | (2.2) |  |  | —  |  |  | —  |  |  | —  |  |
| Other investments |  | 0.1  |  |  | 0.1  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 0.2  |  |
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| Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other liabilities |  | (2.7) |  |  | (1.3) |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (4.0) |  |
| Total level 3 assets and liabilities |  | $ | 24.7  |  |  | $ | 82.7  |  |  | $ | (0.3) |  |  | $ | 3.2  |  |  | $ | (3.6) |  |  | $ | 52.6  |  |  | $ | (21.2) |  |  | $ | 138.1  |  |



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|   |  | Year Ended December 31, 2020 |
|   |  | Balance,beginningof period |  | Totalgains (losses)(realized/unrealized)included inearnings (1) |  | Netunrealizedgains (losses)included inothercomprehensiveincome (2) |  | Purchases |  | Sales |  | Transfersin (3) |  | Transfersout (3) |  | Balance,end ofperiod |
| Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed Maturity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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| Foreign governments |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | 0.4  |  |  | $ | —  |  |  | $ | 0.4  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Commercial mortgage-backed |  | 11.6  |  |  | (2.8) |  |  | (0.1) |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 8.7  |  |
| Residential mortgage-backed |  | —  |  |  | —  |  |  | 0.1  |  |  | 13.8  |  |  | (1.1) |  |  | 1.1  |  |  | (13.9) |  |  | —  |  |
| U.S. corporate |  | 1.7  |  |  | 0.2  |  |  | 0.6  |  |  | 13.3  |  |  | (0.4) |  |  | 1.8  |  |  | (5.2) |  |  | 12.0  |  |
| Foreign corporate |  | 8.2  |  |  | 0.1  |  |  | (0.5) |  |  | 0.1  |  |  | (0.4) |  |  | —  |  |  | (3.6) |  |  | 3.9  |  |
| Equity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common stock |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 1.2  |  |  | —  |  |  | 1.2  |  |
| Non-redeemable preferred stocks |  | 1.1  |  |  | (4.0) |  |  | —  |  |  | —  |  |  | —  |  |  | 4.0  |  |  | —  |  |  | 1.1  |  |
| Other investments |  | —  |  |  | —  |  |  | (1.1) |  |  | —  |  |  | —  |  |  | 2.7  |  |  | (1.5) |  |  | 0.1  |  |
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| Other assets |  | —  |  |  | 20.7  |  |  | —  |  |  | 1.7  |  |  | (22.0) |  |  | (0.2) |  |  | (0.2) |  |  | —  |  |
| Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Other liabilities |  | (0.2) |  |  | (0.4) |  |  | —  |  |  | (2.5) |  |  | —  |  |  | 0.2  |  |  | 0.2  |  |  | (2.7) |  |
| Total level 3 assets and liabilities |  | $ | 22.4  |  |  | $ | 13.8  |  |  | $ | (1.0) |  |  | $ | 26.4  |  |  | $ | (23.9) |  |  | $ | 11.2  |  |  | $ | (24.2) |  |  | $ | 24.7  |  |

 (1)Included as part of net realized gains on investments, excluding other-than-temporary impairment losses, in the consolidated statements of operations.(2)Included as part of change in unrealized gains on securities in the consolidated statement of comprehensive income.(3)Transfers are primarily attributable to changes in the availability of observable market information and the re-evaluation of the observability of valuation inputs.(4)$48.1 million of transfers in represents the cost basis of common stock received through special purpose acquisition company mergers.Three different valuation techniques can be used in determining fair value for financial assets and liabilities: the market, income or cost approaches. The three valuation techniques described in the fair value measurements and disclosures guidance are consistent with generally accepted valuation methodologies. The market approach valuation techniques use prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. When possible, quoted prices (unadjusted) in active markets are used as of the period-end date (such as for mutual funds and money market funds). Otherwise, the Company uses valuation techniques consistent with the market approach including matrix pricing and comparables. Matrix pricing is a mathematical technique employed principally to value debt securities without relying exclusively on quoted prices for those securities but, rather, F-40
