v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES        
Net increase in net assets resulting from operations $ 905.9 $ 250.3 $ 1,379.9 $ 654.2
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 153.9 149.3 262.3 853.9
Net change in unrealized (gain) loss on investments and debt (895.0) (232.1) (1,131.0) (928.5)
Purchase of real estate properties     (855.6) (817.9)
Capital improvements on real estate properties     (186.0) (188.5)
Proceeds from sales of real estate properties     789.0 508.0
Purchases of real estate joint ventures, funds and operating business     (261.3) (467.9)
Proceeds from sales of other real estate investments     157.2 315.5
Purchases and originations of loans receivable     (10.2) (11.1)
Purchases and originations of loans receivable with related parties     (0.1) (0.1)
Proceeds from payoffs of loans receivable     345.8 136.2
Proceeds from payoffs of loans receivable from related parties     0.1 27.7
Decrease (Increase) in other investments     65.3 185.7
Net change in from/due to investment manager     (2.9) (15.5)
(Decrease) in payable for securities purchased     (223.6) 0.0
Decrease (Increase) in other assets     49.3 (22.4)
(Decrease) Increase in other liabilities     34.7 (4.1)
NET CASH PROVIDED BY OPERATING ACTIVITIES     412.9 225.2
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from line of credit borrowings     542.0 576.0
Payments on line of credit     (400.0) 0.0
Proceeds from issuance of unsecured debt     150.0 0.0
Mortgage loan proceeds received     0.0 0.4
Payments of mortgage loans     (205.4) (464.2)
Premiums 639.9 665.5 1,924.4 2,128.3
Annuity payments (10.9) (10.7) (32.1) (32.5)
Death benefits (40.8) (34.6) (116.3) (102.7)
Withdrawals (687.6) (819.7) (2,164.9) (2,407.9)
NET CASH USED IN FINANCING ACTIVITIES     (302.3) (302.6)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, CASH HELD BY WHOLLY OWNED PROPERTIES AND RESTRICTED CASH     110.6 (77.4)
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     110.6 (77.4)
End of period cash, cash equivalents, cash held by wholly owned properties and restricted cash 324.4 246.5 324.4 246.5
SUPPLEMENTAL DISCLOSURES        
Cash paid for interest     152.7 82.1
SUPPLEMENTAL NON-CASH DISCLOSURES        
Loan receivable forgiven or extinguished     56.0 112.9
Debt extinguished in disposition of property     44.1 0.0
Conversion of loan receivable from related parties to equity     28.5 0.0
Joint venture contribution to wholly owned conversion     26.2 0.0
Debt extinguishment via a deed-in-lieu of foreclosure agreement     24.0 0.0
Marketable securities purchase pending settlement     19.9 140.8
Property disposition via a deed-in-lieu of foreclosure agreement     19.5 50.0
Conversion of wholly owned to joint venture equity     8.4 0.0
Interest forgiven in disposition of property     2.9 11.7
Loan assignment as part of a real estate disposition     0.0 227.0
Cash, cash equivalents and cash held by wholly owned properties 301.6 218.8 301.6 218.8
Restricted cash [1] 22.8 27.7 22.8 27.7
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 324.4 $ 246.5 $ 324.4 $ 246.5
[1] Restricted cash is included within other assets in the Consolidated Statements of Assets and Liabilities.