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Equity Method Investments
 12 Months Ended
Dec. 31, 2023
Equity Method Investments [Abstract]  
Equity Method Investments Disclosure [Text Block] Equity Method Investments
The Company's equity method investments, which are included in other assets on the consolidated balance sheets, totaled $605.9 million and $494.0 million as of December 31, 2023 and 2022, respectively. The Company's proportionate share of earnings in its equity method investments was a loss of $2.1 million for the year ended December 31, 2023, a loss of $22.9 million for the year ended December 31, 2022 and income of $15.0 million for the year ended December 31, 2021.

The Company's most significant equity method investment is an investment in Hagerty, Inc. (Hagerty), which is accounted for on a quarter lag. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automobile enthusiast market. The Company's ownership interest in Hagerty was 23% as of December 31, 2023 and 2022. The Company's investment is comprised of Class A common shares, which are listed for trading on the New York Stock Exchange, as well as Class V common shares, associated with the Company's original investment, that have special voting rights and can be converted on a one-for-one basis into Class A common shares. The Company accounts for its investment under the equity method as it is deemed to have the ability to exercise significant influence over Hagerty's operating and financial policies through a combination of its voting interest, its right to designate a board member and business it conducts with Hagerty. As of December 31, 2023 and 2022, the carrying value of the Company's investment in Hagerty was $237.4 million and $245.1 million, respectively.

As of December 31, 2023 and 2022, the estimated value of the Company's investment, based on the closing stock price of Hagerty's Class A common shares, was $608.4 million and $656.0 million, respectively. See note 18 for further details regarding related party transactions with Hagerty.