XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total Equity
Total
Common shares and paid-in surplus
Retained earnings
AOCI, after tax
Non-controlling interest
Beginning Balances at Dec. 31, 2022   $ 3,935.0 $ 3,746.9 $ 538.6 $ 3,211.8 $ (3.5) $ 188.1
Increase (Decrease) in Shareholders' Equity              
Net income (loss) $ 218.2 218.2 222.7   222.7   (4.5)
Other comprehensive income (loss), net of tax   0.9 0.8     0.8 0.1
Total comprehensive income (loss) 223.6 219.1 223.5   222.7 0.8 (4.4)
Dividends declared on common shares   (2.6) (2.6)   (2.6)    
Dividends to noncontrolling interests   (8.3)         (8.3)
Issuances of common shares   2.1 2.1 2.1      
Repurchases and retirements of common shares   (32.7) (32.7) (5.1) (27.6)    
BAM member surplus contribution, net of tax   46.4         46.4
Amortization of restricted share awards   11.2 11.2 11.2      
Recognition of equity-based compensation expense of subsidiaries   1.8 1.3 1.3     0.5
Impact to noncontrolling interests for the deconsolidation of BAM   (9.4)         (9.4)
Net contributions (distributions) and dilution from other noncontrolling interests   1.6 (0.6) (0.6)     2.2
Ending Balances at Sep. 30, 2023   4,164.2 3,949.1 547.5 3,404.3 (2.7) 215.1
Beginning Balances at Jun. 30, 2023   4,125.9 3,922.2 543.2 3,380.7 (1.7) 203.7
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 13.8 13.8 23.6   23.6   (9.8)
Other comprehensive income (loss), net of tax   (1.7) (1.0)     (1.0) (0.7)
Total comprehensive income (loss) 21.9 12.1 22.6   23.6 (1.0) (10.5)
Dividends to noncontrolling interests   (0.5)         (0.5)
BAM member surplus contribution, net of tax   19.9         19.9
Amortization of restricted share awards   4.0 4.0 4.0      
Recognition of equity-based compensation expense of subsidiaries   0.6 0.4 0.4     0.2
Net contributions (distributions) and dilution from other noncontrolling interests   2.2 (0.1) (0.1)     2.3
Ending Balances at Sep. 30, 2023   4,164.2 3,949.1 547.5 3,404.3 (2.7) 215.1
Beginning Balances at Dec. 31, 2023 4,561.6 4,561.6 4,240.5 551.3 3,690.8 (1.6) 321.1
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 408.5 408.5 360.8   360.8   47.7
Other comprehensive income (loss), net of tax   1.1 0.6     0.6 0.5
Total comprehensive income (loss) 361.9 409.6 361.4   360.8 0.6 48.2
Dividends declared on common shares   (2.5) (2.5)   (2.5)    
Dividends to noncontrolling interests   (9.3)         (9.3)
Issuances of common shares   2.9 2.9 2.9      
Repurchases and retirements of common shares   (8.1) (8.1) (1.1) (7.0)    
BAM member surplus contribution, net of tax   26.0         26.0
Amortization of restricted share awards   11.8 11.8 11.8      
Recognition of equity-based compensation expense of subsidiaries   3.1 2.3 2.3     0.8
Impact to noncontrolling interests for the deconsolidation of BAM   153.5         153.5
Net contributions (distributions) and dilution from other noncontrolling interests   0.1 2.3 (3.9) 6.2   (2.2)
Acquisition of noncontrolling interests - Bamboo   111.1         111.1
Ending Balances at Sep. 30, 2024 5,259.8 5,259.8 4,610.6 563.3 4,048.3 (1.0) 649.2
Beginning Balances at Jun. 30, 2024   4,872.2 4,422.6 561.3 3,863.1 (1.8) 449.6
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 227.9 227.9 179.0   179.0   48.9
Other comprehensive income (loss), net of tax   1.3 0.8     0.8 0.5
Total comprehensive income (loss) 180.3 229.2 179.8   179.0 0.8 49.4
Amortization of restricted share awards   4.3 4.3 4.3      
Recognition of equity-based compensation expense of subsidiaries   1.0 0.8 0.8     0.2
Impact to noncontrolling interests for the deconsolidation of BAM   153.5         153.5
Net contributions (distributions) and dilution from other noncontrolling interests   (0.4) 3.1 (3.1) 6.2   (3.5)
Ending Balances at Sep. 30, 2024 $ 5,259.8 $ 5,259.8 $ 4,610.6 $ 563.3 $ 4,048.3 $ (1.0) $ 649.2