SHARE CAPITAL (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Movements in Shares Issued and Outstanding

The number of preferred shares issued and outstanding is represented in the table below:

	As of
in millions	September 30, 2021	December 31, 2020
Preferred shares issued (1)	4.0	4.0
Preferred shares outstanding (1)	4.0	4.0

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(1)    Preferred shares are held by MassMutual and are subject to a lock-up period of five years, which disallows the sale of preferred shares by MassMutual during the five-year period beginning on the original issue date of May 24, 2019.

The number of common shares and common share equivalents issued are represented in the table below:

	As of
in millions	September 30, 2021	December 31, 2020
Common shares issued	566.1	566.1
Less: Treasury shares for which dividend and voting rights do not apply	(104.9)	(107.0)
Common shares outstanding	461.2	459.1