Acquired common stock in a merger

  


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|   | December 31, 2020 |   |
| Financial Assets | Total |  | Level 1 |   | Level 2 |   | Level 3 |   |
| Fixed maturity securities: |  |  |  |  |  |  |  |  |
| U.S. government and government agencies and authorities | $ | 94.1  |  |  | $ | —  |  |  | $ | 94.1  |  |  | $ | —  |  |  |
| States, municipalities and political subdivisions | 175.3  |  |  | —  |  |  | 175.3  |  |  | —  |  |  |
| Foreign governments | 469.7  |  |  | 0.5  |  |  | 468.8  |  |  | 0.4  |  |  |
| Asset-backed | 260.5  |  |  | —  |  |  | 260.5  |  |  | —  |  |  |
| Commercial mortgage-backed | 281.4  |  |  | —  |  |  | 272.7  |  |  | 8.7  |  |  |
| Residential mortgage-backed | 734.6  |  |  | —  |  |  | 734.6  |  |  | —  |  |  |
| U.S. corporate | 3,690.6  |  |  | —  |  |  | 3,678.6  |  |  | 12.0  |  |  |
| Foreign corporate | 1,109.3  |  |  | —  |  |  | 1,105.4  |  |  | 3.9  |  |  |
| Equity securities: |  |  |  |  |  |  |  |  |
| Mutual funds | 42.3  |  |  | 42.3  |  |  | —  |  |  | —  |  |  |
| Common stocks | 15.2  |  |  | 13.3  |  |  | 0.7  |  |  | 1.2  |  |  |
| Non-redeemable preferred stocks | 232.7  |  |  | —  |  |  | 231.6  |  |  | 1.1  |  |  |
| Short-term investments | 253.5  |  |  | 202.0  |  | (2) | 51.5  |  |  | —  |  |  |
| Other investments | 241.3  |  |  | 72.9  |  | (1) | 168.3  |  | (3) | 0.1  |  |  |
| Cash equivalents | 1,558.6  |  |  | 1,536.6  |  | (2) | 22.0  |  | (3) | —  |  |  |
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|  |  |  |  |  |  |  |  |  |
| Assets held in separate accounts | 11.4  |  |  | 6.7  |  | (1) | 4.7  |  | (3) | —  |  |  |
| Total financial assets | $ | 9,170.5  |  |  | $ | 1,874.3  |  |  | $ | 7,268.8  |  |  | $ | 27.4  |  |  |
|  |  |  |  |  |  |  |  |  |
| Financial Liabilities |  |  |  |  |  |  |  |   |
| Other liabilities | $ | 76.1  |  |  | $ | 72.9  |  | (1) | $ | 0.5  |  | (4) | $ | 2.7  |  | (5) |
| Liabilities related to separate accounts | 11.4  |  |  | 6.7  |  | (1) | 4.7  |  | (3) | —  |  |  |
| Total financial liabilities | $ | 87.5  |  |  | $ | 79.6  |  |  | $ | 5.2  |  |  | $ | 2.7  |  |  |

(1)Primarily includes mutual funds and related obligations. (2)Primarily includes money market funds.(3)Primarily includes fixed maturity securities and related obligations.(4)Primarily includes derivatives. (5)Includes contingent consideration liabilities and other derivatives.(6)During 2021, the Company received $133.7 million of common stock through special purpose acquisition company mergers. See Note 8 for additional information. These equity securities are subject to lock up agreements and therefore an illiquidity discount was applied to the exchange traded price, which includes significant unobservable inputs.  
The following tables summarize the change in balance sheet carrying value associated with Level 3 financial assets and liabilities carried at fair value for the years ended December 31, 2021 and 2020:F-39
