XML 69 R57.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurement - Level III Financial Assets Measured at Fair Value (Details) - Level III - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period $ 6,772.7 $ 6,535.4 $ 6,955.3 $ 6,627.7
Deconsolidation/consolidation of funds   490.7   343.0
Purchases 1,058.9 1,176.2 3,215.2 3,919.6
Sales and distributions (653.1) (841.1) (1,933.8) (2,862.6)
Settlements (130.4) (378.6) (492.4) (1,024.0)
Realized and unrealized gains (losses), net        
Included in earnings (62.4) 7.6 (382.0) 125.6
Included in other comprehensive income (294.1) (113.9) (670.7) (253.0)
Balance, end of period 6,691.6 6,876.3 6,691.6 6,876.3
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date (71.2) 2.7 (369.1) 90.3
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date (266.0) (113.0) (538.6) (211.5)
Equity securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 12.4 18.3 17.9 9.4
Deconsolidation/consolidation of funds   3.3   5.7
Purchases 518.5 0.1 518.6 0.6
Sales and distributions 0.0 (1.2) (7.2) (3.5)
Settlements 0.0 0.0 0.0 0.0
Realized and unrealized gains (losses), net        
Included in earnings (18.3) (1.3) (15.9) 7.3
Included in other comprehensive income (0.7) (0.3) (1.5) (0.6)
Balance, end of period 511.9 18.9 511.9 18.9
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date (18.3) (1.9) (16.7) 5.2
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date (0.7) (0.3) (1.3) (0.4)
Bonds        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 669.8 542.0 599.5 550.4
Deconsolidation/consolidation of funds   0.0   0.0
Purchases 46.6 108.1 429.0 472.0
Sales and distributions (92.6) (44.0) (320.2) (405.2)
Settlements 0.0 (0.2) (0.3) (3.8)
Realized and unrealized gains (losses), net        
Included in earnings (21.6) (11.3) (59.6) (1.3)
Included in other comprehensive income (41.4) (13.5) (87.6) (31.0)
Balance, end of period 560.8 581.1 560.8 581.1
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date (22.1) 1.5 (57.0) 7.7
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date (34.3) (13.7) (55.2) (22.0)
Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 5,516.8 5,543.6 5,898.1 5,497.1
Deconsolidation/consolidation of funds   490.4   314.2
Purchases 473.9 1,058.4 2,014.8 3,375.3
Sales and distributions (552.4) (781.0) (1,566.5) (2,199.0)
Settlements (130.4) (378.4) (492.1) (1,020.2)
Realized and unrealized gains (losses), net        
Included in earnings (30.0) 13.3 (277.4) 103.1
Included in other comprehensive income (223.2) (93.4) (522.2) (217.6)
Balance, end of period 5,054.7 5,852.9 5,054.7 5,852.9
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date (35.7) (4.2) (266.3) 61.1
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date (202.2) (92.3) (422.7) (185.3)
Investments in CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 508.6 353.1 361.1 489.4
Deconsolidation/consolidation of funds   (3.0)   23.1
Purchases 19.9 9.6 251.9 71.7
Sales and distributions (7.2) (14.5) (36.1) (238.4)
Settlements 0.0 0.0 0.0 0.0
Realized and unrealized gains (losses), net        
Included in earnings 7.1 6.2 (17.9) 2.7
Included in other comprehensive income (28.8) (6.7) (59.4) (3.8)
Balance, end of period 499.6 344.7 499.6 344.7
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date 4.5 6.2 (17.9) 2.3
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date (28.8) (6.7) (59.4) (3.8)
Other investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance, beginning of period 65.1 78.4 78.7 81.4
Purchases 0.0 0.0 0.9 0.0
Sales and distributions (0.9) (0.4) (3.8) (16.5)
Settlements 0.0 0.0 0.0 0.0
Realized and unrealized gains (losses), net        
Included in earnings 0.4 0.7 (11.2) 13.8
Included in other comprehensive income 0.0 0.0 0.0 0.0
Balance, end of period 64.6 78.7 64.6 78.7
Changes in unrealized gains (losses) included in earnings related to financial assets still held at the reporting date 0.4 1.1 (11.2) 14.0
Changes in unrealized gains (losses) included in other comprehensive income related to financial assets still held at the reporting date $ 0.0 $ 0.0 $ 0.0 $ 0.0