v3.26.1
Segment reporting - Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment reporting        
Marketable securities income/(loss) and interest $ 6,981 $ 8,597 $ 13,393 $ 15,384
Other income/(loss) 822 433 622 247
Total revenues 110,683 191,286 (1,609,691) 310,145
Compensation and benefits 30,792 36,953 (85,540) 63,267
General, administrative and other 8,612 7,792 17,200 18,002
Case-related expenditures ineligible for inclusion in asset cost 8,037 4,320 (34,315) 8,897
Total operating expenses 47,441 49,065 (102,655) 90,166
Other expenses        
Finance costs 49,626 33,979 99,268 67,859
Foreign currency transactions (gains)/losses and other expenses (350) (1,505) 15,294 (2,105)
Total other expenses 49,276 32,474 114,562 65,754
Income/(loss) before income taxes 13,966 109,747 (1,621,598) 154,225
Capital provision income/(loss)        
Segment reporting        
Revenues 101,479 224,164 (2,397,286) 355,680
Other expenses        
Foreign currency transactions (gains)/losses and other expenses 2,514 (10,966) 5,847 (16,376)
Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues 1,112 (43,257) 773,007 (64,053)
Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) 289 1,349 573 2,887
Operating Segments        
Segment reporting        
Marketable securities income/(loss) and interest 6,935 8,542 13,253 15,242
Other income/(loss) 822 433 622 247
Total revenues 103,419 171,497 (1,554,264) 282,798
Compensation and benefits 30,792 36,953 (85,540) 63,267
General, administrative and other 8,580 7,666 17,143 17,786
Case-related expenditures ineligible for inclusion in asset cost 8,111 1,493 27,401 4,582
Total operating expenses 47,483 46,112 (40,996) 85,635
Other expenses        
Finance costs 49,626 33,979 99,268 67,859
Foreign currency transactions (gains)/losses and other expenses (380) (1,484) 15,260 (2,083)
Total other expenses 49,246 32,495 114,528 65,776
Income/(loss) before income taxes 6,690 92,890 (1,627,796) 131,387
Operating Segments | Capital provision income/(loss)        
Segment reporting        
Revenues 85,302 155,410 (1,583,781) 246,360
Operating Segments | Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues 0 0 0 0
Operating Segments | Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) 10,360 7,112 15,642 20,949
Operating Segments | Principal Finance        
Segment reporting        
Marketable securities income/(loss) and interest 6,935 8,542 13,253 15,242
Other income/(loss) 0 0 0 0
Total revenues 92,237 163,952 (1,570,528) 261,602
Compensation and benefits 28,458 30,085 (94,552) 51,147
General, administrative and other 7,097 6,297 13,933 14,609
Case-related expenditures ineligible for inclusion in asset cost 8,111 1,493 27,401 4,582
Total operating expenses 43,666 37,875 (53,218) 70,338
Other expenses        
Finance costs 49,626 33,979 99,268 67,859
Foreign currency transactions (gains)/losses and other expenses (216) (1,484) 15,967 (2,083)
Total other expenses 49,410 32,495 115,235 65,776
Income/(loss) before income taxes (839) 93,582 (1,632,545) 125,488
Operating Segments | Principal Finance | Capital provision income/(loss)        
Segment reporting        
Revenues 85,302 155,410 (1,583,781) 246,360
Operating Segments | Principal Finance | Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues 0 0 0 0
Operating Segments | Principal Finance | Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) 0 0 0 0
Operating Segments | Asset Management and Other Services        
Segment reporting        
Marketable securities income/(loss) and interest 0 0 0 0
Other income/(loss) 822 433 622 247
Total revenues 11,182 7,545 16,264 21,196
Compensation and benefits 2,334 6,868 9,012 12,120
General, administrative and other 1,483 1,369 3,210 3,177
Case-related expenditures ineligible for inclusion in asset cost 0 0 0 0
Total operating expenses 3,817 8,237 12,222 15,297
Other expenses        
Finance costs 0 0 0 0
Foreign currency transactions (gains)/losses and other expenses (164) 0 (707) 0
Total other expenses (164) 0 (707) 0
Income/(loss) before income taxes 7,529 (692) 4,749 5,899
Operating Segments | Asset Management and Other Services | Capital provision income/(loss)        
Segment reporting        
Revenues 0 0 0 0
Operating Segments | Asset Management and Other Services | Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues 0 0 0 0
Operating Segments | Asset Management and Other Services | Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) 10,360 7,112 15,642 20,949
Reconciling items        
Segment reporting        
Marketable securities income/(loss) and interest 46 55 140 142
Other income/(loss) 0 0 0 0
Total revenues 7,264 19,789 (55,427) 27,347
Compensation and benefits 0 0 0 0
General, administrative and other 32 126 57 216
Case-related expenditures ineligible for inclusion in asset cost (74) 2,827 (61,716) 4,315
Total operating expenses (42) 2,953 (61,659) 4,531
Other expenses        
Finance costs 0 0 0 0
Foreign currency transactions (gains)/losses and other expenses 30 (21) 34 (22)
Total other expenses 30 (21) 34 (22)
Income/(loss) before income taxes 7,276 16,857 6,198 22,838
Reconciling items | Capital provision income/(loss)        
Segment reporting        
Revenues 16,177 68,754 (813,505) 109,320
Reconciling items | Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues 1,112 (43,257) 773,007 (64,053)
Reconciling items | Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) $ (10,071) $ (5,763) $ (15,069) $ (18,062)