XML 57 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1
INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Carrying Amounts of Investment Securities and Fair Values The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities available-for-sale, equity securities, and other investments measured at net asset value are as follows:
As of December 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
(In millions)
Short-term investments$6.3 $— $(0.1)$6.2 
U.S Treasury13.6 0.1 (0.1)13.5 
Municipal30.1 0.2 (0.2)30.1 
Corporate131.5 1.6 (0.9)132.2 
Mortgage and other asset-backed securities150.1 1.6 (0.9)150.9 
Total debt securities331.6 3.5 (2.2)332.9 
Total investments$331.6 $3.5 $(2.2)$332.9 


As of December 31, 2022
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
(In millions)
Short-term investments$5.4 $— $— $5.4 
U.S Treasury11.8 — (0.2)11.6 
Municipal22.8 — (0.4)22.4 
Corporate81.8 0.2 (2.3)79.7 
Mortgage and other asset-backed securities73.8 0.3 (1.4)72.7 
Total debt securities195.5 0.5 (4.4)191.7 
Common stock48.7 — — 48.7 
Total investments$244.2 $0.5 $(4.4)$240.4 
Schedule of Amortized Cost and Fair Value of TCA's Investment
A summary of amortized costs and fair value of investments by time to maturity, is as follows:
 As of December 31, 2023
 Amortized CostsFair Value
 (In millions)
Due in 1 year or less$6.3 $6.2 
Due in 1-5 years116.9 116.9 
Due in 5-10 years52.9 53.4 
Due after 10 years5.4 5.5 
Total by maturity181.5 182.0 
Mortgage and other asset-backed securities150.1 150.9 
Total investment securities$331.6 $332.9 
Schedule of Unrealized Loss on Investments
The following tables summarize the amount of unrealized losses, defined as the amount by which the amortized cost exceeds fair value, and the related fair value of investments with unrealized losses. The investments were segregated into two categories: those that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position of 12 or more months. The reference point for determining how long an investment was in an unrealized loss position was December 31, 2023.
As of December 31, 2023
 Less than 12 MonthsGreater than 12 MonthsTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
 (In millions)
Short-term investments$— $— $6.0 $(0.1)$6.0 $(0.1)
U.S Treasury3.4 (0.1)5.0 (0.1)8.5 (0.1)
Municipal6.4 (0.1)10.4 (0.1)16.8 (0.2)
Corporate11.4 (0.1)48.0 (0.8)59.4 (0.9)
Mortgage and other asset-backed securities29.8 (0.4)33.1 (0.5)62.9 (0.9)
Total debt securities$51.1 $(0.7)$102.5 $(1.6)$153.6 $(2.2)
As of December 31, 2022
 Less than 12 MonthsGreater than 12 MonthsTotal
 Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
 (In millions)
U.S Treasury$9.2 $(0.2)$— $— $9.2 $(0.2)
Municipal19.0 (0.4)— — 19.0 (0.4)
Corporate66.2 (0.1)5.2 (0.3)71.4 (0.4)
Mortgage and other asset-backed securities51.4 (1.3)1.5 (0.2)52.9 (1.5)
Total debt securities$145.7 $(2.0)$6.8 $(0.5)$152.6 $(2.5)