v3.25.1
Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Debt Obligations
The following table presents the fair values of our Senior and Junior Subordinated Notes carried at amortized cost:
March 31, 2025
Amortized CostFair Value
(in millions of U.S. dollars)
4.95% Senior Notes due 2029
$497 $498 
3.10% Senior Notes due 2031
496 432 
Total Senior Notes$993 $930 
5.75% Junior Subordinated Notes due 2040
$116 $117 
5.50% Junior Subordinated Notes due 2042
494 487 
7.50% Junior Subordinated Notes due 2045
345 355 
Total Junior Subordinated Notes$955 $959 
Total debt$1,948 $1,889 
Our debt obligations were as follows:
March 31, 2025December 31, 2024
FacilityOriginationTermPrincipal(Unamortized Cost) / Fair Value AdjustmentsCarrying Value(Unamortized Cost) / Fair Value AdjustmentsCarrying Value
(in millions of U.S. dollars)
4.95% Senior Notes due 2029
May 201910 years$500 $(3)$497 $(3)$497 
3.10% Senior Notes due 2031
August 202110 years500 (4)496 (4)496 
Total Senior Notes993 993 
5.75% Junior Subordinated Notes due 2040 (1)
August 202020 years117 (1)116 (4)346 
5.50% Junior Subordinated Notes due 2042
January 202220 years500 (6)494 (6)494 
7.50% Junior Subordinated Notes due 2045
March 202520 years350 (5)345 — — 
Total Junior Subordinated Notes955 840 
EGL Revolving Credit Facility (2)
May 20235 years— — 
Total debt obligations$1,948 $1,833 
(1) As of December 31, 2024 the principal amount of these notes were $350 million.
(2) Origination date on EGL Revolving Credit Facility represents the date of the most recent amendment and restatement.