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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Company's Restricted Assets
The following table details the forms and value of Company’s material restricted assets as at December 31, 2018 and 2017:
 
 
As at December 31, 2018
 
At December 31, 2017
 
 
($ in millions, except percentages)
Regulatory trusts and deposits:
 
 
 
 
Affiliated transactions
 
$
1,033.9

 
$
1,455.0

Third party
 
2,511.7

 
2,425.3

Letters of credit / guarantees(1)
 
771.1

 
658.5

Investment commitment — real estate fund
 

 
100.0

Other investments — real estate fund
 
102.5

 

Total restricted assets
 
$
4,419.2

 
$
4,638.8

 
 
 
 
 
Total as percent of investable assets (2)
 
56.4
%
 
53.4
%
 _______________
(1) 
As at December 31, 2018, the Company had pledged funds of $771.1 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
Amounts outstanding under operating leases net of subleases as at December 31, 2018 and 2017 were:
As at December 31, 2018
 
2019
 
2020
 
2021
 
2022
 
2023
 
Later
Years
 
Total
 
 
($ in millions)
Operating Lease Obligations
 
$
17.5

 
$
16.0

 
$
14.6

 
$
9.9

 
$
8.8

 
$
74.6

 
$
141.4

As at December 31, 2017
 
2018
 
2019
 
2020
 
2021
 
2022
 
Later
Years
 
Total
 
 
($ in millions)
Operating Lease Obligations
 
$
16.2

 
$
16.1

 
$
15.3

 
$
11.0

 
$
8.7

 
$
78.7

 
$
146.0