v3.26.1
SECURITIES LENDING (Tables)
12 Months Ended
Dec. 31, 2025
Securities Lending [Abstract]  
Schedule of contractual gross and net securities borrowing and lending balances
The following table presents the contractual gross and net securities borrowing and lending balances and the related offsetting amount as of December 31, 2025 and 2024:
Gross amounts
recognized
Gross amounts offset in
the Consolidated Balance
Sheets(1)
Net amounts included in
the Consolidated Balance
Sheets
Amounts not offset in the Consolidated Balance Sheets but eligible for offsetting upon counterparty default(2)
Net amounts
As of December 31, 2025
Securities borrowed$114,937 $— $114,937 $119,872 $— 
Securities loaned$97,321 $— $97,321 $89,142 $8,179 
As of December 31, 2024
Securities borrowed$43,022 $— $43,022 $48,429 $— 
Securities loaned$27,942 $— $27,942 $22,518 $5,424 
_________________________
(1)Includes financial instruments subject to enforceable master netting provisions that are permitted to be offset to the extent an event of default has occurred.
(2)Represents the fair value of collateral held/posted which is comprised of financial instruments.
Schedule of contract value of securities leading transaction by type of collateral
The following table presents the contract value of securities lending transactions accounted for as secured borrowings by the type of collateral provided to counterparties as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Remaining contractual maturityRemaining contractual maturity
Overnight and continuousTotalOvernight and continuousTotal
Securities lending transactions
Corporate securities - fixed income$305 $305 $310 $310 
Equity securities114,632 114,632 42,712 42,712 
Total borrowings$114,937 $114,937 $43,022 $43,022