XML 52 R39.htm IDEA: XBRL DOCUMENT v3.22.4

Investments (Tables)

12 Months Ended

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

X

- 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

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_SummaryOfInvestmentHoldingsScheduleOfInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration