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v3.25.1

Credit and Other Debt Agreements | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Credit and Other Debt Agreements | 6. Credit and Other Debt Agreements
The following is a summary of our corporate and other debt (in millions): |  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Senior Notes: |  |  |  |  |  |
Semi-annual payments of interest, fixed rate of 4.60%, balloon due December 15, 2027 |  | $ | 750.0 |  |  | $ | 750.0 |
Semi-annual payments of interest, fixed rate of 4.85%, balloon due December 15, 2029 |  |  | 750.0 |  |  |  | 750.0 |
Semi-annual payments of interest, fixed rate of 2.40%, balloon due November 9, 2031 |  |  | 400.0 |  |  |  | 400.0 |
Semi-annual payments of interest, fixed rate of 5.00%, balloon due February 15, 2032 |  |  | 500.0 |  |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.50%, balloon due March 2, 2033 |  |  | 350.0 |  |  |  | 350.0 |
Semi-annual payments of interest, fixed rate of 6.50%, balloon due February 15, 2034 |  |  | 400.0 |  |  |  | 400.0 |
Semi-annual payments of interest, fixed rate of 5.45%, balloon due July 15, 2034 |  |  | 500.0 |  |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.15%, balloon due February 15, 2035 |  |  | 1,500.0 |  |  |  | 1,500.0 |
Semi-annual payments of interest, fixed rate of 3.50%, balloon due May 20, 2051 |  |  | 850.0 |  |  |  | 850.0 |
Semi-annual payments of interest, fixed rate of 3.05%, balloon due March 9, 2052 |  |  | 350.0 |  |  |  | 350.0 |
Semi-annual payments of interest, fixed rate of 5.75%, balloon due March 2, 2053 |  |  | 600.0 |  |  |  | 600.0 |
Semi-annual payments of interest, fixed rate of 6.75%, balloon due February 15, 2054 |  |  | 600.0 |  |  |  | 600.0 |
Semi-annual payments of interest, fixed rate of 5.75%, balloon due July 15, 2054 |  |  | 500.0 |  |  |  | 500.0 |
Semi-annual payments of interest, fixed rate of 5.55%, balloon due February 15, 2055 |  |  | 1,500.0 |  |  |  | 1,500.0 |
Total Senior Notes |  |  | 9,550.0 |  |  |  | 9,550.0 |
Note Purchase Agreements: |  |  |  |  |  |
Semi-annual payments of interest, fixed rate of 4.31%, balloon due June 24, 2025 |  |  | 200.0 |  |  |  | 200.0 |
Semi-annual payments of interest, fixed rate of 4.85%, balloon due February 13, 2026 |  |  | 140.0 |  |  |  | 140.0 |
Semi-annual payments of interest, fixed rate of 4.73%, balloon due February 27, 2026 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.40%, balloon due June 2, 2026 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.36%, balloon due June 24, 2026 |  |  | 150.0 |  |  |  | 150.0 |
Semi-annual payments of interest, fixed rate of 3.75%, balloon due January 30, 2027 |  |  | 30.0 |  |  |  | 30.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due June 27, 2027 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due August 2, 2027 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 4.14%, balloon due August 4, 2027 |  |  | 98.0 |  |  |  | 98.0 |
Semi-annual payments of interest, fixed rate of 3.46%, balloon due December 1, 2027 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.55%, balloon due June 2, 2028 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due June 13, 2028 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.04%, balloon due February 13, 2029 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.98%, balloon due February 27, 2029 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 4.19%, balloon due June 27, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 4.19%, balloon due August 2, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 3.48%, balloon due December 2, 2029 |  |  | 50.0 |  |  |  | 50.0 |
Semi-annual payments of interest, fixed rate of 3.99%, balloon due January 30, 2030 |  |  | 341.0 |  |  |  | 341.0 |
Semi-annual payments of interest, fixed rate of 4.44%, balloon due June 13, 2030 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.14%, balloon due March 13, 2031 |  |  | 180.0 |  |  |  | 180.0 |
Semi-annual payments of interest, fixed rate of 4.70%, balloon due June 2, 2031 |  |  | 25.0 |  |  |  | 25.0 |
Semi-annual payments of interest, fixed rate of 4.09%, balloon due January 30, 2032 |  |  | 69.0 |  |  |  | 69.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due June 27, 2032 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.34%, balloon due August 2, 2032 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.59%, balloon due June 13, 2033 |  |  | 125.0 |  |  |  | 125.0 |
Semi-annual payments of interest, fixed rate of 5.29%, balloon due March 13, 2034 |  |  | 40.0 |  |  |  | 40.0 |
Semi-annual payments of interest, fixed rate of 4.48%, balloon due June 12, 2034 |  |  | 175.0 |  |  |  | 175.0 |
Semi-annual payments of interest, fixed rate of 4.24%, balloon due January 30, 2035 |  |  | 79.0 |  |  |  | 79.0 |
Semi-annual payments of interest, fixed rate of 2.44%, balloon due February 10, 2036 |  |  | 100.0 |  |  |  | 100.0 |
Semi-annual payments of interest, fixed rate of 2.46%, balloon due May 5, 2036 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 4.69%, balloon due June 13, 2038 |  |  | 75.0 |  |  |  | 75.0 |
Semi-annual payments of interest, fixed rate of 5.45%, balloon due March 13, 2039 |  |  | 40.0 |  |  |  | 40.0 |
Semi-annual payments of interest, fixed rate of 4.49%, balloon due January 30, 2040 |  |  | 56.0 |  |  |  | 56.0 |
Total Note Purchase Agreements |  |  | 3,523.0 |  |  |  | 3,523.0 |
Credit Agreement: |  |  |  |  |  |
Periodic payments of interest and principal, expires April 3, 2030 |  |  | — |  |  |  | — |
Premium Financing Debt Facility - expires October 31, 2026: |  |  |  |  |  |
Facility B |  |  |  |  |  |
AUD denominated tranche, interbank rates plus 1.400% |  |  | 144.9 |  |  |  | 218.2 |
NZD denominated tranche, interbank rates plus 1.850% |  |  | — |  |  |  | — |
Facility C and D |  |  |  |  |  |
AUD denominated tranche, interbank rates plus 0.830% |  |  | — |  |  |  | — |
NZD denominated tranche, interbank rates plus 0.990% |  |  | 7.9 |  |  |  | 7.0 |
Total Premium Financing Debt Facility |  |  | 152.8 |  |  |  | 225.2 |
Total corporate and other debt |  |  | 13,225.8 |  |  |  | 13,298.2 |
Less unamortized debt acquisition costs on Senior Notes and Note Purchase Agreements |  |  | (87.9 | ) |  |  | (90.1 | )
Less unamortized discount on Bonds Payable |  |  | (50.3 | ) |  |  | (51.0 | )
Net corporate and other debt |  | $ | 13,087.6 |  |  | $ | 13,157.1 |
The Senior Notes in the table above are registered by the Company with the Securities and Exchange Commission and are not guaranteed. |

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