XML 30 R13.htm IDEA: XBRL DOCUMENT
v3.21.2

Variable Interest Entities | 9 Months Ended
--- | ---
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entities | Variable Interest Entities We have relationships with various types of entities which may be VIEs. One VIE is consolidated in our financial results. See Note 1, Significant Accounting Policies for further details on our consolidation accounting policies. Consolidated Variable Interest Entities As of September 30, 2021, we were invested in one investment company real estate limited partnership which owns various limited liability companies that invest in residential real estate properties. This entity is a VIE as the legal entity’s equity investors have insufficient equity at risk and lack of power to direct the activities that most significantly impact the economic performance. We determined we are the primary beneficiary as a result of our power to control the entity through our significant ownership. Due to the nature of these real estate investments, the investment balance will fluctuate based on changes in the fair value of the properties as well as when purchases and sales of properties are made. The carrying amounts of our consolidated VIE assets, which can only be used to settle obligations of the consolidated VIE, were $288.3 million as of September 30, 2021. The carrying amounts of our consolidated VIE liabilities for which creditors do not have recourse were $12.2 million as of September 30, 2021. Unconsolidated Variable Interest Entities We provide debt funding to special purpose vehicles, which is used to acquire and hold loans made to middle market companies. These legal entities are deemed VIEs because there is insufficient equity at risk. We have determined we are not the primary beneficiary because we do not control the activities that most significantly impact the economic performance of the VIEs. Our investments in these VIEs are reported in fixed maturity securities, available for sale in the consolidated balance sheets. The carrying amount and maximum exposures to loss relating to VIEs in which we hold a significant variable interest but are not the primary beneficiary is $227.0 million. The maximum exposure to loss for fixed maturity securities, available for sale is equal to their carrying amount.

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

X
- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
Name: | us-gaap_VariableInterestEntityDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration