SHARE CAPITAL (Tables)

3 Months Ended

Mar. 31, 2024

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)	March 31, 2024	December 31, 2023
Preferred shares issued (1)	4.0	4.0
Preferred shares outstanding (1)	4.0	4.0

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(1)    Substantially all the preferred shares are held by Massachusetts Mutual Life Insurance Company (MassMutual) and are subject to a lock-up period of five years, which prohibits the sale of the preferred shares by MassMutual until May 24, 2024.

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

	As of
(in millions)	March 31, 2024	December 31, 2023
Common shares issued	566.1	566.1
Less: Treasury shares for which dividend and voting rights do not apply	(116.3)	(116.6)
Common shares outstanding	449.8	449.5