XML 68 R58.htm IDEA: XBRL DOCUMENT v3.25.2

SHARE CAPITAL (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Schedule of Share Capital

As of June 30, 2025 and December 31, 2024, the share capital of the Company comprises the following:

AS OF US$ MILLIONS, EXCEPT FOR PAR VALUE AND SHARE AMOUNTS						June 30, 2025																								December 31, 2024
						Par Value						Authorized to Issue						Outstanding(1)						Carrying Amount						Par Value						Authorized to Issue						Outstanding(1)						Carrying Amount
Class A Senior Preferred Shares						$	25.00					100,000,000						—						$	—					$	25.00					100,000,000						—						$	—
Class B Senior Preferred Shares						C$	25.00					100,000,000						—						—						C$	25.00					100,000,000						—						—
Class A Junior Preferred Shares						25.00						1,000,000,000						—						—						25.00						1,000,000,000						—						—
Class B Junior Preferred Shares						C$	25.00					1,000,000,000						—						—						C$	25.00					1,000,000,000						—						—
Class A Exchangeable Shares						32.92						1,000,000,000						41,413,496						1,434						33.10						1,000,000,000						41,436,516						1,441
Class A-1 Exchangeable Shares						32.92						500,000,000						—						—						33.10						500,000,000						—						—
Class B Shares						32.92						500,000						24,000						1						33.10						500,000						24,000						1
Class C Shares						1.00						1,000,000,000						242,786,723						10,736						1.00						1,000,000,000						201,116,647						8,526

__________________________

(1)The number of issued shares is the same as the number of outstanding shares for all share types, except for Class A exchangeable shares. The number of issued Class A exchangeable shares was 43,491,520 as of June 30, 2025, including 2,078,024 shares held in treasury. The number of issued Class A exchangeable shares as of December 31, 2024 was 43,460,516, including 2,000,000 shares held in treasury.

Schedule of Movement of Shares Issued and Outstanding

The movement of shares outstanding is as follows:

												2025																		2024
AS OF AND FOR THE PERIODS ENDED JUN. 30 SHARE AMOUNTS												Class A Exchangeable Shares												Class B Shares						Class C Shares						Class A Redeemable Junior Preferred Shares						Class A Exchangeable Shares						Class A-1 Exchangeable Shares						Class B Shares						Class C Shares
Outstanding as of January 1												41,436,516												24,000						201,116,647						100,460,280						15,311,749						28,073,777						24,000						102,056,784
Acquisition of treasury shares, net												(64,656)												—						—						—						—						—						—						—
Conversions												—												—						—						—						1,523,169						(1,523,169)						—						—
Outstanding as of March 31												41,371,860												24,000						201,116,647						100,460,280						16,834,918						26,550,608						24,000						102,056,784
Issuances												41,636												—						41,670,076						—						—						—						—						26,586,622
Conversions												—												—						—						—						44,837						(44,837)						—						—
Outstanding as of June 30												41,413,496												24,000						242,786,723						100,460,280						16,879,755						26,505,771						24,000						128,643,406

\

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in common stock outstanding.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-4

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-5

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481142/505-10-45-2

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-10

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Name:	us-gaap_ScheduleOfStockByClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration