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Investments (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments | The carrying values of the Company's investments as of the periods indicated were as follows (in millions):
|  | December 31, 2022
|  | Measurement Alternative(1) |  | Equity Method |  | Fair Value |  | Total
Common stock |  | $ | — |  |  | $ | 3.0 |  |  | $ | — |  |  | $ | 3.0 |
Preferred stock and fixed maturities |  | — |  |  | — |  |  | 4.6 |  |  | 4.6 |
Put option |  | 11.3 |  |  | — |  |  | — |  |  | 11.3 |
Investment in securities |  | — |  |  | 40.6 |  |  | — |  |  | 40.6 |
Total |  | $ | 11.3 |  |  | $ | 43.6 |  |  | $ | 4.6 |  |  | $ | 59.5 |
|  | December 31, 2021
|  | Measurement Alternative(1) |  | Equity Method |  | Fair Value |  | Total
Common stock |  | $ | — |  |  | $ | 2.1 |  |  | $ | — |  |  | $ | 2.1 |
Preferred stock and fixed maturities |  | 0.5 |  |  | 2.1 |  |  | 5.4 |  |  | 8.0 |
Put option |  | 11.3 |  |  | — |  |  | — |  |  | 11.3 |
Investment in securities |  | — |  |  | 34.6 |  |  | — |  |  | 34.6 |
Total |  | $ | 11.8 |  |  | $ | 38.8 |  |  | $ | 5.4 |  |  | $ | 56.0 |
(1) The Company accounts for its equity securities without readily determinable fair values under the measurement alternative election of ASC 321, whereby the Company can elect to measure an equity security without a readily determinable fair value, that does not qualify for the practical expedient to estimate fair value (net asset value), at its cost minus impairment, if any.
Summarized Information for Equity Method Investments | The following tables provide combined summarized unaudited financial information for the periods indicated for the Company's equity method investments (in millions):
|  | December 31,
|  | 2022 |  | 2021
Assets |  | $ | 786.4 |  |  | $ | 604.5 |
Liabilities |  | 670.2 |  |  | 481.5 |
Equity |  | $ | 116.2 |  |  | $ | 123.0 |
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Total revenues |  |  |  |  |  | $ | 672.3 |  |  | $ | 695.9 |
Gross profit |  |  |  |  |  | $ | 109.6 |  |  | $ | 107.0 |
Operating income |  |  |  |  |  | $ | 6.4 |  |  | $ | 15.5 |
Net income |  |  |  |  |  | $ | 5.0 |  |  | $ | 9.4 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the information required in the supplementary schedule applicable to management investment companies summarizing the listing of holdings of unaffiliated investments. + References No definition available. + Details
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