v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net premiums earned [1] $ 2,831.9 $ 2,889.7 $ 2,614.5
Policyholder Benefits and Claims Incurred, Net [1] 1,546.7 1,717.8 1,553.0
Net Investment Income 326.3 [2] 318.0 275.7
Realized and unrealized investment losses (3) [3] (72.3) (102.1) (61.4)
General and administrative expenses 492.0 405.9 354.5
Management Consulting Agreement      
General and administrative expenses 1.8 5.0 5.0
Asset Management Arrangement      
Net Investment Income 6.4 9.2 9.4
Apollo, Class A & B Notes      
Realized and unrealized investment losses (3) (1.7) 2.5 8.7
Management Consulting Agreement      
Net Investment Income 13.6 $ 15.2 $ 19.6
Apollo and Subsidiaries      
Net premiums earned 5.9    
Policyholder Benefits and Claims Incurred, Net $ 3.7    
[1] Net earned premiums and losses and loss adjustment expenses include related party balances of $5.9 million and $3.7 million, respectively, for the twelve months ended December 31, 2025. Refer to Note 20, “Related Party Transactions” for further details.
[2] Net investment income includes related party net investment income of $13.6 million (2024 — $15.2 million, 2023 — $19.6 million) and related party investment management fees of $6.4 million (2024 — $9.2 million, 2023 — $9.4 million).
[3] Realized and unrealized investment gains and losses include losses of $1.7 million on related party investments (2024 — gains of $2.5 million, 2023 — gains of $8.7 million).