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Investments In Equity Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments in Equity Securities

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

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- References

No definition available.

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