v3.26.1
Debt - Summary of Debt Outstanding (Details)
€ in Millions, $ in Millions
Mar. 31, 2026
USD ($)
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Jul. 21, 2025
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument            
Total debt $ 834.8   $ 837.0      
Ark 2021 Subordinated Notes            
Debt Instrument            
Total debt 159.3   159.7      
Kudu Credit Facility            
Debt Instrument            
Total debt 350.6   350.4      
HG Global Senior Notes            
Debt Instrument            
Total debt 147.9   147.8      
Distinguished Credit Facility            
Debt Instrument            
Total debt 129.6   129.9      
Distinguished other debt, carrying value            
Debt Instrument            
Total debt 11.2   10.9      
Other Operations debt            
Debt Instrument            
Total debt $ 36.2   $ 38.3      
Subordinated Debt | Ark            
Debt Instrument            
Effective yield (as a percent) 9.70% 9.70% 10.20%      
Subordinated Debt | Ark 2021 Subordinated Notes            
Debt Instrument            
Unamortized issuance cost $ (3.0)   $ (3.1)      
Total debt 159.3   159.7      
Subordinated Debt | Ark 2021 Subordinated Notes Tranche 1            
Debt Instrument            
Amount borrowed 45.3 € 39.1 45.8      
Subordinated Debt | Ark 2021 Subordinated Notes Tranche 2            
Debt Instrument            
Amount borrowed 47.0   47.0      
Subordinated Debt | Ark 2021 Subordinated Notes Tranche 3            
Debt Instrument            
Amount borrowed 70.0   70.0      
Secured Debt | Kudu Credit Facility            
Debt Instrument            
Amount borrowed 358.3   358.3   $ 253.3 $ 245.3
Unamortized discount and issuance cost (7.7)   (7.9)      
Total debt $ 350.6   $ 350.4 $ 253.3    
Effective yield (as a percent) 8.00% 8.00% 8.90%      
Secured Debt | Total Distinguished debt            
Debt Instrument            
Total debt $ 140.8   $ 140.8      
Secured Debt | Distinguished Credit Facility            
Debt Instrument            
Amount borrowed 131.1   131.4      
Unamortized discount and issuance cost (1.5)   (1.5)      
Total debt $ 129.6   $ 129.9      
Effective yield (as a percent) 9.90% 9.90% 10.30%      
Secured Debt | Distinguished other debt, carrying value            
Debt Instrument            
Total debt $ 11.2   $ 10.9      
Effective yield (as a percent) 10.80% 10.80% 10.90%      
Secured Debt | Other Operations debt            
Debt Instrument            
Amount borrowed $ 36.8   $ 38.7      
Unamortized discount and issuance cost (0.6)   (0.4)      
Total debt $ 36.2   $ 38.3      
Effective yield (as a percent) 8.60% 8.60% 8.30%      
Senior Notes | HG Global Senior Notes            
Debt Instrument            
Amount borrowed $ 150.0   $ 150.0      
Unamortized discount and issuance cost (2.1)   (2.2)      
Total debt $ 147.9   $ 147.8      
Effective yield (as a percent) 10.30% 10.30% 10.80%