The following tables summarize our related party balances and transactions. Additional details about the nature of our relationships and transactions are disclosed in Note 24 to the consolidated financial statements in our 2024 Form 10-K.


As of March 31, 2025	Stone Point (1) (2)		Monument		AmTrust		Core Specialty		Other (3)
	(in millions of U.S. dollars)
Assets

Fixed maturities, trading, at fair value	$	17	$	—	$	—	$	—	$	—
Fixed maturities, AFS, at fair value	282		—		—		—		—
Equities, at fair value	155		—		220		—		—
Funds held	—		—		—		18		—
Other investments, at fair value	396		—		—		—		1,768
Equity method investments	—		20		—		285		13
Total investments	850		20		220		303		1,781
Cash and cash equivalents	23		—		—		—		—



Other assets	8		—		—		—		—
Liabilities
Losses and LAE	—		—		—		139		—


Other liabilities	2		—		—		6		—
Net assets	$	879	$	20	$	220	$	158	$	1,781

(1) As of March 31, 2025, investment funds managed by Stone Point Capital LLC ("Stone Point") own 1,451,196 of our Voting Ordinary Shares, which constitutes 9.7% of our outstanding Voting Ordinary Shares.

(2) As of March 31, 2025, we had unfunded commitments of $97 million to other investments, and $21 million to privately held equity managed by Stone Point and its affiliated entities.

(3) Other related party investments include investments in Positive Physicians Holdings, Inc, an equity method investment, and limited partnerships and partnership-like limited liabilities companies, for which had we not elected the fair value option, would otherwise be accounted for as equity method investments. We have disclosed our investments in these entities on an aggregated basis as they are individually immaterial.


As of December 31, 2024	Stone Point		Monument		AmTrust		Core Specialty		Other
	(in millions of U.S. dollars)
Assets


Fixed maturities, trading, at fair value	$	23	$	—	$	—	$	—	$	—
Fixed maturities, AFS, at fair value	283		—		—		—		—
Equities, at fair value	156		—		222		—		—
Funds held	—		—		—		18		—
Other investments, at fair value	424		—		—		—		1,754
Equity method investments	—		19		—		281		13
Total investments	886		19		222		299		1,767
Cash and cash equivalents	38		—		—		—		—



Other assets	6		—		—		10		—
Liabilities
Losses and LAE	—		—		—		152		—

Other liabilities	1		—		—		—		—
Net assets	$	929	$	19	$	222	$	157	$	1,767


	Three Months Ended
	March 31, 2025
	Stone Point		Monument		AmTrust		Core Specialty		Other
	(in millions of U.S. dollars)
REVENUES


Net investment income	$	2	$	—	$	2	$	—	$	3

Fair value changes in trading securities, funds held and other investments	4		—		(3)		—		16

Total revenues	6		—		(1)		—		19
EXPENSES
Net incurred losses and LAE	—		—		—		10		—




Total expenses	—		—		—		10		—
Income from equity method investments	—		—		—		4		—
Total net income (loss)	$	6	$	—	$	(1)	$	(6)	$	19


	Three Months Ended
	March 31, 2024
	Stone Point		Monument		AmTrust		Core Specialty		Other
	(in millions of U.S. dollars)
REVENUES


Net investment income	$	2	$	—	$	2	$	—	$	3

Fair value changes in trading securities, funds held and other investments	26		—		(2)		—		12

Total revenues	28		—		—		—		15
EXPENSES
Net incurred losses and LAE	—		—		—		23		—




Total expenses	—		—		—		23		—
(Loss) income from equity method investments	—		(30)		—		26		(1)
Total net income (loss)	$	28	$	(30)	$	—	$	3	$	14