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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Total Equity
Total
Common Shares and Paid-in Surplus
Retained Earnings
AOCL, After-tax
Nonredeemable Noncontrolling Interests
Beginning balance 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) $ 509.2 580.9 509.2   509.2   71.7
Other comprehensive income (loss), net of tax   2.4 1.9     1.9 0.5
Total comprehensive income (loss) 511.6 583.3 511.1   509.2 1.9 72.2
Dividends declared on common shares   (2.6) (2.6)   (2.6)    
Dividends to noncontrolling interests   (8.9)         (8.9)
Issuances of common shares   2.1 2.1 2.1      
Repurchases and retirements of common shares (32.7) (32.7) (32.7) (5.1) (27.6)    
BAM member surplus contributions, net of tax   72.8         72.8
Amortization of restricted share awards   15.3 15.3 15.3      
Recognition of equity-based compensation expense of subsidiaries   2.4 1.7 1.7     0.7
Net contributions (distributions) and dilution from other noncontrolling interests   4.3 (1.3) (1.3)     5.6
Disposition of noncontrolling interest   9.4         9.4
Ending balance 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) 230.4 284.1 230.4   230.4   53.7
Other comprehensive income (loss), net of tax   (0.1) (0.1)     (0.1)  
Total comprehensive income (loss) 230.3 284.0 230.3   230.4 (0.1) 53.7
Dividends declared on common shares   (2.5) (2.5)   (2.5)    
Dividends to noncontrolling interests   (16.2)         (16.2)
Issuances of common shares   2.9 2.9 2.9      
Repurchases and retirements of common shares (7.9) (7.9) (7.9) (1.1) (6.8)    
BAM member surplus contributions, net of tax   26.0         26.0
Amortization of restricted share awards   16.3 16.3 16.3      
Recognition of equity-based compensation expense of subsidiaries   4.4 3.2 3.2     1.2
Net contributions (distributions) and dilution from other noncontrolling interests   (2.2) 0.9 (6.2) 7.1   (3.1)
Impact to noncontrolling interests for the deconsolidation of BAM   153.5         153.5
Acquisition of noncontrolling interests   111.1         111.1
Ending balance at Dec. 31, 2024 5,131.0 5,131.0 4,483.7 566.4 3,919.0 (1.7) 647.3
Temporary equity, ending balance at Dec. 31, 2024 0.0            
Increase (Decrease) in Shareholders' Equity              
Net income (loss) 1,106.4 1,206.6 1,106.4   1,106.4   100.2
Other comprehensive income (loss), net of tax   3.7 2.5     2.5 1.2
Total comprehensive income (loss) 1,110.1 1,210.3 1,108.9   1,106.4 2.5 101.4
Dividends declared on common shares   (2.6) (2.6)   (2.6)    
Dividends to noncontrolling interests   (26.0)         (26.0)
Issuances of common shares   2.6 2.6 2.6      
Repurchases and retirements of common shares (202.5) (202.6) (202.6) (22.2) (180.4)    
Amortization of restricted share awards   18.5 18.5 18.5      
Recognition of equity-based compensation expense of subsidiaries   26.8 16.9 16.9     9.9
Net contributions (distributions) and dilution from other noncontrolling interests   (35.9) 2.8 (3.2) 6.0   (38.7)
Adjustments to redeemable noncontrolling interests   (2.8) (2.8)   (2.8)    
Disposition of noncontrolling interest   99.8         99.8
Acquisition of noncontrolling interests   104.1         104.1
Ending balance at Dec. 31, 2025 6,123.6 $ 6,123.6 $ 5,425.4 $ 579.0 $ 4,845.6 $ 0.8 $ 698.2
Increase (Decrease) in Temporary Equity [Roll Forward]              
Net income (loss) (4.8)            
Total comprehensive income (loss) (4.8)            
Adjustments to redeemable noncontrolling interests 2.8            
Acquisition of noncontrolling interests 133.5            
Temporary equity, ending balance at Dec. 31, 2025 $ 131.5