v3.26.1
Treasury (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Effects of Foreign Currency Forward Exchange Contracts on Result of Operations

The following table presents the effects of our foreign currency forward exchange contracts on our results of operations for the three and six-month periods ended June 30, 2026 and 2025 (in thousands):

 

Gain/(Loss) recognized in AOCI

 

 

Three months ended

 

 

Six months ended

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net Investment Hedge relationships

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward exchange contracts

$

(3,663

)

 

$

(42,589

)

 

$

13,109

 

 

$

(67,514

)

Summary of Cash, Cash Equivalents and Restricted Cash Reported In Condensed Consolidated Statements of Cash Flows

Cash, cash equivalents, and restricted cash as reported in the condensed consolidated statements of cash flows are presented separately on our condensed consolidated balance sheets as follows (in thousands):

 

June 30,

 

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

 

2025

 

Cash and cash equivalents

$

138,800

 

$

137,595

 

$

137,797

 

Restricted cash (a)

 

133,583

 

 

103,805

 

 

133,525

 

Total cash, cash equivalents and restricted cash

$

272,383

 

 

$

241,400

 

 

$

271,322

 

(a) Restricted cash is included in other assets on the accompanying condensed consolidated balance sheets and consists of statutorily required capital reserves related to our commercial insurance subsidiary.