Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

The following table details the forms and value of the Company’s restricted assets as at March 31, 2018 and December 31, 2017:



	As at March 31, 2018			As at December 31, 2017
	($ in millions, except percentages)
Regulatory trusts and deposits:
Affiliated transactions	$	1,366.1		$	1,455.0
Third party	2,416.1			2,425.3
Letters of credit / guarantees ⁽¹⁾	792.7			658.5
Investment commitment — real estate fund	100.0			100.0
Total restricted assets	$	4,574.9		$	4,638.8
Total as percent of investable assets⁽²⁾	55.6		%	53.4		%


⁽¹⁾	As at March 31, 2018, the Company had pledged funds in the amount of $792.7 million (December 31, 2017 — $658.5 million) as collateral for the secured letters of credit.


⁽²⁾	Investable assets comprise total investments, cash and cash equivalents, accrued interest, receivables for securities sold and payables for securities purchased.

Amounts outstanding under operating leases net of subleases as at March 31, 2018 were:



	2018		2019		2020		2021		2022		Later Years		Total
	($ in millions)
Operating Lease Obligations	$	15.9	$	15.9	$	15.4	$	10.9	$	8.9	$	73.6	$	140.6