v3.26.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Company's Restricted Assets
The following table details the forms and values of the Company’s material restricted assets as at December 31, 2025 and 2024:
As at December 31, 2025As at December 31, 2024
 
($ in millions, except for percentages)
Regulatory trusts and deposits:
Affiliated transactions$227.3 $433.4 
Third party2,470.3 2,713.5 
Letters of credit / guarantees (1)
101.8 153.2 
Total restricted assets (excluding illiquid assets)$2,799.4 $3,300.1 
Other investments — illiquid assets279.6 267.2 
Total restricted assets and illiquid assets$3,079.0 $3,567.3 
Total as percentage of cash and invested assets (2)
37.1 %46.4 %
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(1)    As at December 31, 2025, the Company had pledged funds of $101.8 million (December 31, 2024 — $153.2 million) as collateral for the secured letters of credit.
(2)    Investable assets comprise total investments, cash and cash equivalents, accrued interest, receivables for securities sold and payables for securities purchased.