v3.26.1
Related party transactions
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related party transactions
16. Related party transactions
In addition to the transactions disclosed in Notes 3, 9, and 14 to these consolidated financial statements, the following transactions are classified as related party transactions, as the counterparties have either a direct or indirect shareholding in the Company or the Company has an investment in such counterparty.
(Re)insurance contracts
During the three and six months ended June 30, 2026, insurance and reinsurance contracts with certain of the Company’s insurance and MGA related parties resulted in gross written premium of $33.6 million and $56.4 million, respectively (2025 - $4.9 million and $11.4 million, respectively). As of June 30, 2026, the Company had total receivables of $92.1 million and payables of $1.7 million, respectively, from these related parties (December 31, 2025 - receivables of $86.4 million and no payables).
Investments managed by related parties
The following table provides the fair value of the Company's investments managed by related parties as of June 30, 2026 and December 31, 2025:
June 30,
2026		December 31,
2025
Third Point Enhanced LP (1)
$49.3 $82.2 
Third Point Insurance Solutions Fund I LLC (1)
3.4 1.6 
Third Point Structured Credit Opportunities Fund (1)
36.1 — 
Third Point Venture Offshore Fund I LP (1)
33.1 27.7 
Third Point Venture Offshore Fund II LP (1)
9.0 6.3 
Third Point Optimized Credit Portfolio (2)
193.4 652.8 
Total investments managed by related parties$324.3 $770.6 
(1)The Third Point Enhanced LP, Third Point Insurance Solutions Fund I LLC, Third Point Structured Credit Opportunities Fund, Third Point Venture Offshore Fund I LP, and Third Point Venture Offshore Fund II LP are reported in Other long-term investments in the consolidated balance sheets.
(2)The Third Point Optimized Credit Portfolio is primarily reported in Debt securities, available for sale and trading, in the consolidated balance sheets.
On February 28, 2025, the Company provided notice to Third Point LLC of its intent to redeem all of its capital accounts for TP Enhanced Fund. The redemptions will occur over time and may be in cash or underlying investments.
On September 23, 2025, the Company notified Third Point LLC of its intent to withdraw investments from the Third Point Optimized Credit Portfolio. The liquidation and withdrawal of the investments is proceeding in an orderly manner, pursuant to the existing investment management agreement and consistent with the parties' discussions.
Management, advisory and performance fees to related parties
The total management, advisory and performance fees to related parties for the three and six months ended June 30, 2026 and 2025 were as follows:
Three months endedSix months ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Management and advisory fees$0.4 $1.3 $1.6 $2.4 
Performance fees— (0.2)— (0.4)
Total management, advisory and performance fees to related parties (1)
$0.4 $1.1 $1.6 $2.0 
(1)Management, advisory and performance fees to related parties, where applicable, are presented within Net investment gains (losses) in the consolidated statements of income.