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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total Equity
Total
Common shares and paid-in surplus
Retained earnings
AOCI, after tax
Nonredeemable noncontrolling interest
Beginning balances at Dec. 31, 2023   $ 4,561.6 $ 4,240.5 $ 551.3 $ 3,690.8 $ (1.6) $ 321.1
Increase (Decrease) in Shareholders' Equity              
Net income (loss) $ 360.8 408.5 360.8   360.8   47.7
Other comprehensive income (loss), net of tax   1.1 0.6     0.6 0.5
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 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) 179.0 227.9 179.0   179.0   48.9
Other comprehensive income (loss), net of tax   1.3 0.8     0.8 0.5
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 4,610.6 563.3 4,048.3 (1.0) 649.2
Beginning balances at Dec. 31, 2024 5,131.0 5,131.0 4,483.7 566.4 3,919.0 (1.7) 647.3
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 270.6 388.9 270.6   270.6   118.3
Other comprehensive income (loss), net of tax   2.5 1.7     1.7 0.8
Comprehensive income (loss) 273.1 391.4 272.3   270.6 1.7 119.1
Dividends declared on common shares   (2.6) (2.6)   (2.6)    
Dividends to noncontrolling interests   (21.2)         (21.2)
Issuances of common shares   2.6 2.6 2.6      
Repurchases and retirements of common shares   (9.9) (9.9) (1.1) (8.8)    
Amortization of restricted share awards   13.6 13.6 13.6      
Recognition of equity-based compensation expense of subsidiaries   9.9 6.5 6.5     3.4
Net contributions (distributions) and dilution from other noncontrolling interests   (35.6) 1.4 (3.4) 4.8   (37.0)
Acquisition of noncontrolling interests — Bamboo   105.5         105.5
Ending balances at Sep. 30, 2025 5,584.7 5,584.7 4,767.6 584.6 4,183.0 0.0 817.1
Temporary equity, beginning balance at Dec. 31, 2024 0.0            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Net income (loss) (0.8)            
Other comprehensive income (loss), net of tax (0.8)            
Acquisition of noncontrolling interests 133.2            
Temporary equity, ending balance at Sep. 30, 2025 132.4            
Beginning balances at Jun. 30, 2025   5,340.2 4,644.5 576.6 4,067.6 0.3 695.7
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 113.8 162.5 113.8   113.8   48.7
Other comprehensive income (loss), net of tax   (0.6) (0.3)     (0.3) (0.3)
Comprehensive income (loss) 113.2 161.9 113.5   113.8 (0.3) 48.4
Dividends to noncontrolling interests   (2.1)         (2.1)
Amortization of restricted share awards   4.9 4.9 4.9      
Recognition of equity-based compensation expense of subsidiaries   5.3 3.2 3.2     2.1
Net contributions (distributions) and dilution from other noncontrolling interests   (0.3) 1.5 (0.1) 1.6   (1.8)
Acquisition of noncontrolling interests — Bamboo   74.8         74.8
Ending balances at Sep. 30, 2025 5,584.7 $ 5,584.7 $ 4,767.6 $ 584.6 $ 4,183.0 $ 0.0 $ 817.1
Temporary equity, beginning balance at Jun. 30, 2025 0.0            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Net income (loss) (0.8)            
Other comprehensive income (loss), net of tax (0.8)            
Acquisition of noncontrolling interests 133.2            
Temporary equity, ending balance at Sep. 30, 2025 $ 132.4