XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.23.2

Asset Management Fees (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the sources of asset management fees on a consolidated basis. Upon closing of the Sound Point Transaction and the AHP Transaction, the Company will account for its investment in Sound Point as an equity method investment rather than as a consolidated asset manager. Asset Management Fees
| Second Quarter |  | Six Months
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Management fees: |  |  |  |  |  |  |
CLOs (1) | $ | 9 |  |  | $ | 8 |  |  | $ | 17 |  |  | $ | 17 |
Opportunity funds and liquid strategies | 1 |  |  | 8 |  |  | 4 |  |  | 12 |
Wind-down funds | — |  |  | — |  |  | — |  |  | 1 |
Total management fees | 10 |  |  | 16 |  |  | 21 |  |  | 30 |
Performance fees | 6 |  |  | 1 |  |  | 18 |  |  | 15 |
Reimbursable fund expenses | 11 |  |  | 4 |  |  | 14 |  |  | 10 |
Total asset management fees | $ | 27 |  |  | $ | 21 |  |  | $ | 53 |  |  | $ | 55 |
_____________________ (1) To the extent that the Company’s wind-down and/or opportunity funds are invested in AssuredIM managed CLOs, AssuredIM may rebate any management fees and/or performance fees earned from the CLOs.

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration