v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase (decrease) in net assets resulting from operations $ 139.0 $ 219.7
Adjustments to reconcile net changes in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments 146.5 177.9
Net change in unrealized (gain) loss on investments and debt (118.9) (186.9)
Purchase of real estate properties (247.0) (122.7)
Capital improvements on real estate properties (53.4) (67.8)
Proceeds from sales of real estate properties 178.8 170.8
Purchases of real estate joint ventures, funds and operating business (83.1) (269.6)
Proceeds from sales of other real estate investments 111.2 282.7
Purchases and originations of loans receivable (3.3) (2.1)
Proceeds from payoffs of loans receivable 101.3 0.3
Proceeds from payoffs of loans receivable from related parties 0.0 27.8
Decrease (Increase) in other investments 174.8 53.8
Net change in from/due to investment manager (1.7) (18.3)
(Decrease) Increase in payable for securities purchased (223.6) 0.0
Decrease (Increase) in other assets 15.4 (3.8)
(Decrease) Increase in other liabilities 7.9 (15.8)
NET CASH PROVIDED BY OPERATING ACTIVITIES 143.9 246.0
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of mortgage loans (1.2) (225.4)
Premiums 681.7 814.0
Annuity payments (10.6) (11.1)
Death benefits (32.9) (32.9)
Withdrawals (807.6) (896.0)
NET CASH USED IN FINANCING ACTIVITIES (170.6) (351.4)
NET (DECREASE) IN CASH, CASH EQUIVALENTS, CASH HELD BY WHOLLY OWNED PROPERTIES AND RESTRICTED CASH (26.7) (105.4)
CASH, CASH EQUIVALENTS, CASH HELD BY WHOLLY OWNED PROPERTIES AND RESTRICTED CASH    
Beginning of period cash, cash equivalents, cash held by wholly owned properties and restricted cash 213.8 323.9
Net (decrease) increase in cash, cash equivalents, cash held by wholly owned properties and restricted cash (26.7) (105.4)
End of period cash, cash equivalents, cash held by wholly owned properties and restricted cash 187.1 218.5
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest 13.6 18.2
SUPPLEMENTAL NON-CASH DISCLOSURES    
Loan receivable forgiven or extinguished 56.0 0.0
Conversion of loan receivable from related parties to equity 28.5 0.0
Debt extinguished in disposition of property 44.1 0.0
Cash, cash equivalents and cash held by wholly owned properties 162.8 180.6
Restricted cash [1] 24.3 37.9
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 187.1 $ 218.5
[1] Restricted cash is included within other assets in the Consolidated Statements of Assets and Liabilities.