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Statutory Requirements and Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Statutory Accounting Practices Disclosure

The statutory capital and surplus and minimum required statutory capital and surplus for the Group’s regulatory jurisdictions is as follows:


	December 31, 2025						December 31, 2024
	Bermuda(1)		United Kingdom(2)		Republic of Ireland(2)		Bermuda(1)		United Kingdom(2)		Republic of Ireland(2)
Required statutory capital and surplus	$	1,095.0	$	535.0	$	95.0	$	910.0	$	540.0	$	100.0
Actual statutory capital and surplus	$	2,220.0	$	1,055.0	$	165.0	$	1,830.0	$	950.0	$	175.0

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(1)Required statutory capital and surplus represents the Enhanced Capital Requirement (“ECR”).

(2)Required statutory capital and surplus represents the Solvency UK/Solvency II Solvency Capital Requirement (“SCR”).

Statutory net income/(loss) of the Group’s regulated insurance operations are detailed below:


	2025		2024		2023
Bermuda	$	158.3	$	67.3	$	345.2
United Kingdom	$	162.9	115.0		68.1
Republic of Ireland	$	(8.4)	$	(3.8)	$	19.3

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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