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Borrowings and Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of long term debt
The Company’s borrowings were comprised of the following as of the dates indicated (in millions):
December 31, 2021December 31, 2020
(in millions)Carrying valueFair ValueFair Value LevelCarrying valueFair ValueFair Value Level
Revolving credit facility:
$125 million revolving credit facility expiring August 22, 2022(1)(2)
$— $— $— $— 
Total revolving credit facility$— $— $— $— 
Third party borrowings:
$275 million 4.80% Senior Notes Due July 27, 2026(3)
273.1 286.5 2272.8 298.9 2
$125 million 5.125% Senior Notes Due August 1, 2031(3)
121.8 126.4 2121.5 126.0 2
Total third party borrowings
$394.9 $412.9 $394.3 $424.9 
(1)Fair value approximates carrying value because the credit facility has variable interest rates based on selected short term market rates.
(2)On February 23, 2021, the Company’s $150 million revolving credit facility was assigned to Acadian and amended to reduce the facility to $125 million.
(3)The difference between the principal amounts and the carrying values of the senior notes in the table above reflects the unamortized debt issuance costs and discounts.
Schedule of aggregate maturities of debt commitments
As of December 31, 2021, the aggregate maturities of debt commitments, based on their contractual terms, are as follows:
 Future minimum
debt commitments
2022$— 
2023— 
2024— 
2025— 
2026275.0 
Thereafter125.0 
Total$400.0