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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

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, 2022 and 2021:

			As at December 31, 2022						At December 31, 2021
			($ in millions, except percentages)
Regulatory trusts and deposits:
Affiliated transactions			$	707.1					$	891.3
Third party			2,817.7						3,099.7
Letters of credit / guarantees(1)			471.3						539.8
Total restricted assets (excluding illiquid assets)			3,996.1						4,530.8
Other investments — illiquid assets			221.3						151.3
Total restricted assets and illiquid assets			$	4,217.4					$	4,682.1
Total as percent of cash and invested assets (2)			59.4		%				59.7		%

________________

(1)As at December 31, 2022, the Company had pledged funds of $471.3 million (December 31, 2021 — $539.8 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.

The following table details the forms and value of Company’s material restricted assets as at June 30, 2023 and December 31, 2022:

			As at June 30, 2023						As at December 31, 2022
			($ in millions, except percentages)
Regulatory trusts and deposits:
Affiliated transactions			$	617.0					$	707.1
Third party			2,773.8						2,817.7
Letters of credit / guarantees(1)			266.5						471.3
Total restricted assets (excluding illiquid assets)			3,657.3						3,996.1
Other investments — illiquid assets			213.4						221.3
Total restricted assets and illiquid assets			$	3,870.7					$	4,217.4
Total as percent of cash and investable assets (2)			52.6		%				59.4		%

__________________

(1)As at June 30, 2023, the Company had pledged funds as collateral for the secured letters of credit of $266.5 million (December 31, 2022 — $471.3 million).

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

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- References

No definition available.

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- Definition

Tabular disclosure of fair value of asset supporting separate account.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 80
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=124508989&loc=d3e19393-158473

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 20
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=124504833&loc=d3e7104-158389

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 80
-Section 55
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=124505678&loc=SL117422397-158474

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