v3.26.3
Segment reporting - Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment reporting        
Marketable securities income/(loss) and interest $ 5,452 $ 6,786 $ 18,845 $ 22,170
Other income/(loss) 429 120 1,051 367
Total revenues 146,910 69,803 (1,462,781) 379,948
Compensation and benefits 36,016 30,696 (49,524) 93,963
General, administrative and other 9,096 10,527 26,296 28,529
Case-related expenditures ineligible for inclusion in asset cost 4,005 3,793 (30,310) 12,690
Total operating expenses 49,117 45,016 (53,538) 135,182
Other expenses        
Finance costs 52,142 41,549 151,410 109,408
Foreign currency transactions (gains)/losses and other expenses 2,509 (267) 17,803 (2,372)
Total other expenses 54,651 41,282 169,213 107,036
Income/(loss) before income taxes 43,142 (16,495) (1,578,456) 137,730
Capital provision income/(loss)        
Segment reporting        
Revenues 147,550 80,068 (2,249,736) 435,748
Other expenses        
Foreign currency transactions (gains)/losses and other expenses 1,354 (2,164) 7,201 (18,540)
Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues (6,798) (19,718) 766,209 (83,771)
Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) 277 2,547 850 5,434
Operating Segments        
Segment reporting        
Marketable securities income/(loss) and interest 5,419 6,681 18,672 21,923
Other income/(loss) 429 120 1,051 367
Total revenues 135,430 68,693 (1,418,834) 351,491
Compensation and benefits 36,016 30,696 (49,524) 93,963
General, administrative and other 8,719 10,443 25,862 28,229
Case-related expenditures ineligible for inclusion in asset cost 3,783 1,586 31,184 6,168
Total operating expenses 48,518 42,725 7,522 128,360
Other expenses        
Finance costs 52,142 41,549 151,410 109,408
Foreign currency transactions (gains)/losses and other expenses 2,533 (200) 17,793 (2,283)
Total other expenses 54,675 41,349 169,203 107,125
Income/(loss) before income taxes 32,237 (15,381) (1,595,559) 116,006
Operating Segments | Capital provision income/(loss)        
Segment reporting        
Revenues 116,384 62,060 (1,467,397) 308,420
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) 13,198 (168) 28,840 20,781
Operating Segments | Principal Finance        
Segment reporting        
Marketable securities income/(loss) and interest 5,419 6,681 18,672 21,923
Other income/(loss) 0 0 0 0
Total revenues 121,803 68,741 (1,448,725) 330,343
Compensation and benefits 32,567 24,929 (61,985) 76,077
General, administrative and other 6,182 8,578 20,115 23,186
Case-related expenditures ineligible for inclusion in asset cost 3,783 1,586 31,184 6,168
Total operating expenses 42,532 35,093 (10,686) 105,431
Other expenses        
Finance costs 52,142 41,549 151,410 109,408
Foreign currency transactions (gains)/losses and other expenses 2,293 (148) 18,260 (2,231)
Total other expenses 54,435 41,401 169,670 107,177
Income/(loss) before income taxes 24,836 (7,753) (1,607,709) 117,735
Operating Segments | Principal Finance | Capital provision income/(loss)        
Segment reporting        
Revenues 116,384 62,060 (1,467,397) 308,420
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) 429 120 1,051 367
Total revenues 13,627 (48) 29,891 21,148
Compensation and benefits 3,449 5,767 12,461 17,886
General, administrative and other 2,537 1,865 5,747 5,043
Case-related expenditures ineligible for inclusion in asset cost 0 0 0 0
Total operating expenses 5,986 7,632 18,208 22,929
Other expenses        
Finance costs 0 0 0 0
Foreign currency transactions (gains)/losses and other expenses 240 (52) (467) (52)
Total other expenses 240 (52) (467) (52)
Income/(loss) before income taxes 7,401 (7,628) 12,150 (1,729)
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) 13,198 (168) 28,840 20,781
Reconciling items        
Segment reporting        
Marketable securities income/(loss) and interest 33 105 173 247
Other income/(loss) 0 0 0 0
Total revenues 11,480 1,110 (43,947) 28,457
Compensation and benefits 0 0 0 0
General, administrative and other 377 84 434 300
Case-related expenditures ineligible for inclusion in asset cost 222 2,207 (61,494) 6,522
Total operating expenses 599 2,291 (61,060) 6,822
Other expenses        
Finance costs 0 0 0 0
Foreign currency transactions (gains)/losses and other expenses (24) (67) 10 (89)
Total other expenses (24) (67) 10 (89)
Income/(loss) before income taxes 10,905 (1,114) 17,103 21,724
Reconciling items | Capital provision income/(loss)        
Segment reporting        
Revenues 31,166 18,008 (782,339) 127,328
Reconciling items | Plus/(Less): Third-party interests in capital provision assets        
Segment reporting        
Revenues (6,798) (19,718) 766,209 (83,771)
Reconciling items | Asset management income/(loss)        
Segment reporting        
Asset management income/(loss) $ (12,921) $ 2,715 $ (27,990) $ (15,347)