v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total Equity
Total
Common shares and paid-in surplus
Retained earnings
AOCI, after tax
Non-controlling interest
Beginning Balances at Dec. 31, 2023   $ 4,561.6 $ 4,240.5 $ 551.3 $ 3,690.8 $ (1.6) $ 321.1
Increase (Decrease) in Shareholders' Equity              
Net income (loss) $ 181.8 180.6 181.8   181.8   (1.2)
Other comprehensive income (loss), net of tax   (0.2) (0.2)     (0.2)  
Comprehensive income (loss) 181.6 180.4 181.6   181.8 (0.2) (1.2)
Dividends declared on common shares   (2.5) (2.5)   (2.5)    
Dividends to noncontrolling interests   (9.3)         (9.3)
Issuances of common shares   2.9 2.9 2.9      
Repurchases and retirements of common shares   (8.1) (8.1) (1.1) (7.0)    
BAM member surplus contribution, net of tax   26.0         26.0
Amortization of restricted share awards   7.5 7.5 7.5      
Recognition of equity-based compensation expense of subsidiaries   2.1 1.5 1.5     0.6
Net contributions (distributions) and dilution from other noncontrolling interests   0.5 (0.8) (0.8)     1.3
Acquisition of noncontrolling interests   111.1         111.1
Ending Balances at Jun. 30, 2024   4,872.2 4,422.6 561.3 3,863.1 (1.8) 449.6
Beginning Balances at Mar. 31, 2024   4,890.6 4,470.4 554.5 3,917.7 (1.8) 420.2
Increase (Decrease) in Shareholders' Equity              
Net income (loss) (54.6) (41.2) (54.6)   (54.6)   13.4
Other comprehensive income (loss), net of tax   0.1         0.1
Comprehensive income (loss) (54.5) (41.1) (54.6)   (54.6) 0.0 13.5
Dividends to noncontrolling interests   0.5         0.5
Issuances of common shares   2.6 2.6 2.6      
BAM member surplus contribution, net of tax   14.6         14.6
Amortization of restricted share awards   4.3 4.3 4.3      
Recognition of equity-based compensation expense of subsidiaries   1.3 0.9 0.9     0.4
Net contributions (distributions) and dilution from other noncontrolling interests   (0.6) (1.0) (1.0)     0.4
Ending Balances at Jun. 30, 2024   4,872.2 4,422.6 561.3 3,863.1 (1.8) 449.6
Beginning Balances at Dec. 31, 2024 5,131.0 5,131.0 4,483.7 566.4 3,919.0 (1.7) 647.3
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 156.8 226.4 156.8   156.8   69.6
Other comprehensive income (loss), net of tax   3.1 2.0     2.0 1.1
Comprehensive income (loss) 159.9 229.5 158.8   156.8 2.0 70.7
Dividends declared on common shares   (2.6) (2.6)   (2.6)    
Dividends to noncontrolling interests   (19.1)         (19.1)
Issuances of common shares   2.6 2.6 2.6      
Repurchases and retirements of common shares   (9.9) (9.9) (1.1) (8.8)    
Amortization of restricted share awards   8.7 8.7 8.7      
Recognition of equity-based compensation expense of subsidiaries   4.6 3.3 3.3     1.3
Net contributions (distributions) and dilution from other noncontrolling interests   (35.3) (0.1) (3.3) 3.2   (35.2)
Acquisition of noncontrolling interests   30.7         30.7
Ending Balances at Jun. 30, 2025 5,340.2 5,340.2 4,644.5 576.6 4,067.6 0.3 695.7
Beginning Balances at Mar. 31, 2025   5,139.7 4,509.6 567.1 3,943.0 (0.5) 630.1
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 122.9 163.6 122.9   122.9   40.7
Other comprehensive income (loss), net of tax   1.1 0.8     0.8 0.3
Comprehensive income (loss) 124.0 164.7 123.7   122.9 0.8 41.0
Dividends to noncontrolling interests   (5.2)         (5.2)
Issuances of common shares   2.6 2.6 2.6      
Amortization of restricted share awards   4.9 4.9 4.9      
Recognition of equity-based compensation expense of subsidiaries   3.1 2.2 2.2     0.9
Net contributions (distributions) and dilution from other noncontrolling interests   (0.3) 1.5 (0.2) 1.7   (1.8)
Acquisition of noncontrolling interests   30.7         30.7
Ending Balances at Jun. 30, 2025 $ 5,340.2 $ 5,340.2 $ 4,644.5 $ 576.6 $ 4,067.6 $ 0.3 $ 695.7