XML 127 R76.htm IDEA: XBRL DOCUMENT
v3.24.3

Commitments and Contingencies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
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, 2023 and 2022:
|  | As at December 31, 2023 |  | At December 31, 2022
|  | ($ in millions, except percentages)
Regulatory trusts and deposits: |  |  |  |
Affiliated transactions |  | $ | 660.8 |  |  | $ | 707.1 |
Third party |  | 2,714.4 |  |  | 2,817.7 |
Letters of credit / guarantees (1) |  | 172.0 |  |  | 471.3 |
Total restricted assets (excluding illiquid assets) |  | 3,547.2 |  |  | 3,996.1 |
Other investments — illiquid assets |  | 209.3 |  |  | 221.3 |
Total restricted assets and illiquid assets |  | $ | 3,756.5 |  |  | $ | 4,217.4 |
Total as percent of cash and invested assets (2) |  | 50.2 | % |  | 59.4 | %
________________ (1)As at December 31, 2023, the Company had pledged funds of $172.0 million (December 31, 2022 — $471.3 million) as collateral for the secured letters of credit. (2)Investable assets comprise total investments, cash and cash equivalents, accrued interest, receivables for securities sold and payables for securities purchased. The following table details the forms and value of the Company’s material restricted assets as at September 30, 2024 and December 31, 2023:
| As at September 30, 2024 |  | As at December 31, 2023
| ($ in millions, except percentages)
Regulatory trusts and deposits: |  |  |
Affiliated transactions | $ | 478.0 |  |  | $ | 660.8 |
Third party | 2,738.9 |  |  | 2,714.4 |
Letters of credit / guarantees | 140.0 |  |  | 172.0 |
Total restricted assets (excluding illiquid assets) | 3,356.9 |  |  | 3,547.2 |
Other investments — illiquid assets | 204.7 |  |  | 209.3 |
Total restricted assets and illiquid assets | $ | 3,561.6 |  |  | $ | 3,756.5 |
Total as percent of cash and investable assets (1) | 46.0 | % |  | 50.2 | %
________________ (1)Investable assets comprise total investments, cash and cash equivalents, accrued interest, receivables for securities sold and payables for securities purchased.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of asset supporting separate account. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479808/944-20-55-15 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480078/944-80-55-17 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480109/944-80-50-1 + Details
Name: | us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration