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Investment Funds (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Investment Funds | At December 31, 2024 and 2023, investments in equity securities were as follows:
(In thousands) | Cost |  | Gross Unrealized |  | Fair Value |  | Carrying Value
Gains |  | Losses |
December 31, 2024 |  |  |  |  |  |  |  |  |
Common stocks | $ | 612,479 |  |  | $ | 223,981 |  |  | $ | (76,293) |  |  | $ | 760,167 |  |  | $ | 760,167 |
Preferred stocks | 329,495 |  |  | 122,716 |  |  | (8,590) |  |  | 443,621 |  |  | 443,621 |
Total | $ | 941,974 |  |  | $ | 346,697 |  |  | $ | (84,883) |  |  | $ | 1,203,788 |  |  | $ | 1,203,788 |
December 31, 2023 |  |  |  |  |  |  |  |  |
Common stocks | $ | 664,997 |  |  | $ | 191,806 |  |  | $ | (18,749) |  |  | $ | 838,054 |  |  | $ | 838,054 |
Preferred stocks | 284,335 |  |  | 3,075 |  |  | (35,117) |  |  | 252,293 |  |  | 252,293 |
Total | $ | 949,332 |  |  | $ | 194,881 |  |  | $ | (53,866) |  |  | $ | 1,090,347 |  |  | $ | 1,090,347 |
Investment funds consist of the following:
| Carrying Value as of December 31, |  | (Loss) Income From Investment Funds For the Year Ended
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2022
Financial services | $ | 430,163 |  |  | $ | 433,407 |  |  | $ | (39,418) |  |  | $ | (10,911) |  |  | $ | 34,030 |
Transportation | 286,426 |  |  | 344,278 |  |  | 13,335 |  |  | 40,607 |  |  | 53,180 |
Real estate | 178,685 |  |  | 201,625 |  |  | 12,195 |  |  | (6,676) |  |  | 48,723 |
Infrastructure | 151,560 |  |  | 130,589 |  |  | 17,071 |  |  | 13,049 |  |  | 4,603 |
Energy | 42,776 |  |  | 114,794 |  |  | 14,501 |  |  | 5,058 |  |  | 1,425 |
Other funds | 378,636 |  |  | 396,962 |  |  | (29,175) |  |  | (24,384) |  |  | 3,138 |
Total | $ | 1,468,246 |  |  | $ | 1,621,655 |  |  | $ | (11,491) |  |  | $ | 16,743 |  |  | $ | 145,099 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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