v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Net allowance, available for sale maturities, for expected credit losses $ 0.3 $ 1.0
Fixed income securities, available for sale amortized cost 5,011.0 4,861.1
Fixed income securities, trading, amortized cost 1,037.8 1,207.7
Short term investments available for sale, amortized cost 45.4 261.9
Short-term investments, trading, amortized cost 0.0 1.0
Catastrophe Bonds, Fair Value Disclosure 0.0 1.0
Privately-held investments, available for sale, amortized cost 49.6 24.0
Privately-held investments, cost, trading at fair value 121.1 288.0
Unpaid losses recoverable from reinsurers (net of allowance for expected credit losses of 2025: $16.2 and 2024: $27.5) 16.2 27.5
Premium Receivable, Allowance for Credit Loss 22.9 24.6
Fixed income securities, trading [1] 1,040.2 1,199.9
Privately-held Investments [2] 121.8 286.8
Privately-held Investments, available for sale, at fair value [2] 50.5 24.2
Other Investments [3] 279.6 267.2
Restricted cash 130.6 181.9
Accrued expenses and other payables [4] 317.1 237.2
Equity investments, trading 8.1 0.0
Asset Management Arrangement    
Accrued expenses and other payables 2.0 4.0
Management Consulting Agreement    
Accrued expenses and other payables 0.0 1.3
Fair Value, Recurring [Member] | CLOs    
Fixed income securities, AFS , RP 19.8 14.0
Fixed income securities, trading 69.0 74.9
Fair Value, Recurring [Member] | Apollo originating partnership    
Privately-held Investments 4.8 73.6
Fair Value, Recurring [Member] | Funds managed by Apollo    
Other Investments $ 81.4 $ 78.6
[1] Fixed income securities, available for sale includes related party investments totaling $19.8 million (2024 — $14.0 million). Fixed income securities, trading at fair value includes related party investments totaling $69.0 million (2024 — $74.9 million).
[2] Privately-held investments, trading at fair value include related party investments totaling $4.8 million (2024 — $73.6 million).
[3] Other investments includes related party investments of $81.4 million (2024 — $78.6 million).
[4] Includes amounts due to related parties of $2.0 million for investment management fees (2024 — $4.0 million), and $Nil for management consulting fees (2024 — $1.3 million).