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Net gains (losses) from investment activities (Tables) | 12 Months Ended
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Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments | The table below summarizes the net gains (losses) from investment activities:
For the years ended December 31, |  | 2025 |  | 2024
|  | Net realized gains (losses) |  | Net unrealized gains (losses) |  | Credit releases (losses) |  | Total |  | Net realized gains (losses) |  | Net unrealized gains (losses) |  | Credit releases (losses) |  | Total
Asset Management |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | 418 |  |  | $ | 262 |  |  | $ | — |  |  | $ | 680 |  |  | $ | 338 |  |  | $ | (1,573) |  |  | $ | — |  |  | $ | (1,235) |
Derivatives |  | — |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
Debt obligation |  | — |  |  | 1,339 |  |  | — |  |  | 1,339 |  |  | — |  |  | (296) |  |  | — |  |  | (296) |
Net gains (losses) from investment activities — Asset Management |  | $ | 418 |  |  | $ | 1,603 |  |  | $ | — |  |  | $ | 2,021 |  |  | $ | 338 |  |  | $ | (1,869) |  |  | $ | — |  |  | $ | (1,531) |
Insurance Solutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. state, territories and municipalities |  | $ | (4) |  |  | $ | 51 |  |  | $ | — |  |  | $ | 47 |  |  | $ | (5) |  |  | $ | (10) |  |  | $ | — |  |  | $ | (15) |
Other government and agency |  | — |  |  | 115 |  |  | — |  |  | 115 |  |  | — |  |  | (18) |  |  | — |  |  | (18) |
Corporate |  | (1,773) |  |  | 5,023 |  |  | — |  |  | 3,250 |  |  | (165) |  |  | (3,710) |  |  | — |  |  | (3,875) |
Asset and mortgage- backed securities |  | (641) |  |  | 117 |  |  | — |  |  | (524) |  |  | (158) |  |  | 4,041 |  |  | — |  |  | 3,883 |
Corporate loans |  | (4) |  |  | 1,853 |  |  | — |  |  | 1,849 |  |  | 110 |  |  | (594) |  |  | — |  |  | (484) |
Mortgage loans |  | — |  |  | — |  |  | (4,057) |  |  | (4,057) |  |  | — |  |  | — |  |  | (4,693) |  |  | (4,693) |
Equity securities |  | (246) |  |  | 2,330 |  |  | — |  |  | 2,084 |  |  | (3) |  |  | 785 |  |  | — |  |  | 782 |
Other invested assets |  | (755) |  |  | 4,075 |  |  | 133 |  |  | 3,453 |  |  | 2 |  |  | (4,255) |  |  | 462 |  |  | (3,791) |
Net gains (losses) from investment activities — Insurance Solutions |  | $ | (3,423) |  |  | $ | 13,564 |  |  | $ | (3,924) |  |  | $ | 6,217 |  |  | $ | (219) |  |  | $ | (3,761) |  |  | $ | (4,231) |  |  | $ | (8,211) |
Investments of consolidated VIEs |  | (386) |  |  | (2,015) |  |  | — |  |  | (2,401) |  |  | 107 |  |  | (3,177) |  |  | — |  |  | (3,070) |
Net gains (losses) from investment activities — Insurance Solutions including consolidated VIEs |  | $ | (3,809) |  |  | $ | 11,549 |  |  | $ | (3,924) |  |  | $ | 3,816 |  |  | $ | (112) |  |  | $ | (6,938) |  |  | $ | (4,231) |  |  | $ | (11,281) |
The following table outlines the carrying value of the Company’s investments:
As of |  | December 31, 2025 |  | December 31, 2024
Asset Management |  |  |  |
Corporate loans |  | $ | 13,287 |  |  | $ | 13,287 |
Equity securities |  | 10,409 |  |  | 2,276 |
Equity method |  | 5,517 |  |  | 5,807 |
Derivatives |  | 13 |  |  | — |
Other invested assets |  | 72 |  |  | — |
Total investments - Asset Management |  | $ | 29,298 |  |  | $ | 21,370 |
Insurance Solutions |  |  |  |
Debt securities |  | $ | 632,038 |  |  | $ | 615,460 |
Corporate loans |  | 124,067 |  |  | 114,735 |
Mortgage loans |  | 162,566 |  |  | 147,640 |
Equity securities |  | 15,053 |  |  | 16,404 |
Other invested assets |  | 23,084 |  |  | 21,317 |
Total investments - Insurance Solutions |  | 956,808 |  |  | 915,556 |
Corporate loans of consolidated VIEs |  | 119,731 |  |  | 125,757 |
Equity securities of consolidated VIEs |  | 949 |  |  | 141 |
Total investments - Insurance Solutions, including consolidated VIEs |  | 1,077,488 |  |  | 1,041,454 |
Total investments |  | $ | 1,106,786 |  |  | $ | 1,062,824 |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B + Details
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