v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES        
Net increase in net assets resulting from operations $ 335.0 $ 184.2 $ 474.0 $ 403.9
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 (38.1) 526.7 108.4 704.6
Net change in unrealized (gain) loss on investments and debt (117.1) (509.5) (236.0) (696.4)
Purchase of real estate properties     (351.9) (435.4)
Capital improvements on real estate properties     (119.0) (139.1)
Proceeds from sales of real estate properties     356.7 462.0
Purchases of real estate joint ventures, funds and operating business     (126.8) (335.2)
Proceeds from sales of other real estate investments     120.6 286.8
Purchases and originations of loans receivable     (5.4) (6.2)
Purchases and originations of loans receivable with related parties     (0.1) (0.1)
Proceeds from payoffs of loans receivable     188.2 0.6
Proceeds from payoffs of loans receivable from related parties     0.0 27.8
Decrease (Increase) in other investments     92.3 55.8
Net change in from/due to investment manager     33.0 (9.9)
(Decrease) in payable for securities purchased     (223.6) 0.0
Decrease (Increase) in other assets     5.8 (23.5)
(Decrease) Increase in other liabilities     (14.3) (38.0)
NET CASH PROVIDED BY OPERATING ACTIVITIES     301.9 257.7
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from line of credit borrowings     90.0 219.0
Payments of mortgage loans     (87.5) (371.9)
Premiums 602.8 648.8 1,284.5 1,462.8
Annuity payments (10.6) (10.8) (21.2) (21.8)
Death benefits (42.6) (35.2) (75.5) (68.1)
Withdrawals (669.7) (692.1) (1,477.3) (1,588.2)
NET CASH USED IN FINANCING ACTIVITIES     (287.0) (368.2)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, CASH HELD BY WHOLLY OWNED PROPERTIES AND RESTRICTED CASH     14.9 (110.5)
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     14.9 (110.5)
End of period cash, cash equivalents, cash held by wholly owned properties and restricted cash 228.7 213.4 228.7 213.4
SUPPLEMENTAL DISCLOSURES        
Cash paid for interest     65.1 51.7
SUPPLEMENTAL NON-CASH DISCLOSURES        
Loan assignment as part of a real estate disposition     0.0 227.0
Loan receivable forgiven or extinguished     56.0 0.0
Debt forgiven in disposition of property     0.0 50.0
Debt extinguished in disposition of property     44.1 0.0
Conversion of loan receivable from related parties to equity     28.5 0.0
Marketable securities purchases pending settlement     19.9 0.0
Interest forgiven in disposition of property     0.0 11.7
Cash, cash equivalents and cash held by wholly owned properties 202.8 179.5 202.8 179.5
Restricted cash [1] 25.9 33.9 25.9 33.9
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 228.7 $ 213.4 $ 228.7 $ 213.4
[1] Restricted cash is included within other assets in the Consolidated Statements of Assets and Liabilities.