v3.25.4
Financial Risk Management - Capital Management - Financial measurements and ratios (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Financial Risk Management      
Capitalization $ 44,517.0 $ 40,102.9  
Holding company cash and investments (net of derivative obligations) 2,716.9 2,502.1  
Borrowings 13,642.9 11,753.7 $ 9,723.5
Net debt 10,926.0 9,251.6  
Non-controlling interests 4,359.8 4,281.2  
Total equity $ 30,874.1 $ 28,349.2 27,700.9
Net debt/total equity 35.40% 32.60%  
Net debt/net total capital 26.10% 24.60%  
Total debt/total capital 30.60% 29.30%  
Interest coverage 9.6 10.5  
Interest and preferred share dividend distribution coverage 9.2 9.5  
Common shares      
Financial Risk Management      
Equity in stock $ 26,282.6 $ 22,959.8  
Preferred shares      
Financial Risk Management      
Equity in stock 231.7 1,108.2  
Holding company      
Financial Risk Management      
Borrowings 8,848.1 7,882.4 6,928.9
Insurance and reinsurance companies      
Financial Risk Management      
Borrowings 1,607.6 975.8 895.6
Non-insurance companies      
Financial Risk Management      
Borrowings 3,187.2 2,895.5 $ 1,899.0
Excluding consolidated non-insurance companies      
Financial Risk Management      
Holding company cash and investments (net of derivative obligations) 2,716.9 2,502.1  
Borrowings 10,455.7 8,858.2  
Net debt 7,738.8 6,356.1  
Non-controlling interests 3,005.4 2,740.2  
Total equity $ 29,519.7 $ 26,808.2  
Net debt/total equity 26.20% 23.70%  
Net debt/net total capital 20.80% 19.20%  
Total debt/total capital 26.20% 24.80%  
Interest coverage 12.6 13.5  
Interest and preferred share dividend distribution coverage 11.8 11.8  
Excluding consolidated non-insurance companies | Common shares      
Financial Risk Management      
Equity in stock $ 26,282.6 $ 22,959.8  
Excluding consolidated non-insurance companies | Preferred shares      
Financial Risk Management      
Equity in stock 231.7 1,108.2  
Excluding consolidated non-insurance companies | Holding company      
Financial Risk Management      
Borrowings 8,848.1 7,882.4  
Excluding consolidated non-insurance companies | Insurance and reinsurance companies      
Financial Risk Management      
Borrowings $ 1,607.6 $ 975.8