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Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $ 1.5 billion and Vertically Integrated Utilities was $ 205 million. The remaining affiliated amounts were immaterial. | text | 205 | monetaryItemType | text: <entity> 205 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $ 1.5 billion and Vertically Integrated Utilities was $ 205 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $ 82 million. The remaining affiliated amounts were immaterial. | text | 82 | monetaryItemType | text: <entity> 82 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $ 82 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $ 100 million. The remaining affiliated amounts were immaterial. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $ 100 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $ 1.3 billion. The remaining affiliated amounts were immaterial. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $ 1.3 billion. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $ 59 million. The remaining affiliated amounts were immaterial. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $ 59 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 159 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 159 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. | text | 87 | monetaryItemType | text: <entity> 87 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.6 billion, APCo was $ 87 million and SWEPCo was $ 65 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 75 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 75 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 159 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 159 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. | text | 93 | monetaryItemType | text: <entity> 93 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. | text | 73 | monetaryItemType | text: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.4 billion, APCo was $ 93 million and SWEPCo was $ 73 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 68 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 68 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 170 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. | text | 170 | monetaryItemType | text: <entity> 170 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $ 170 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. | text | 78 | monetaryItemType | text: <entity> 78 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $ 1.3 billion, APCo was $ 78 million and SWEPCo was $ 51 million. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 62 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $ 62 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestExpenseDebt |
Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestExpenseDebt |
Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense related to Parent’s short-term borrowing is included in Interest Expense on Parent’s statements of income. Parent incurred interest expense for amounts borrowed from subsidiaries of $ 28 million, $ 33 million and $ 30 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestExpenseDebt |
Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 84 | monetaryItemType | text: <entity> 84 </entity> <entity type> monetaryItemType </entity type> <context> Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 164 | monetaryItemType | text: <entity> 164 </entity> <entity type> monetaryItemType </entity type> <context> Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 71 | monetaryItemType | text: <entity> 71 </entity> <entity type> monetaryItemType </entity type> <context> Interest income related to Parent’s short-term lending is included in Interest Income on Parent’s statements of income. Parent earned interest income for amounts advanced to subsidiaries of $ 84 million, $ 164 million and $ 71 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Parent issued long-term debt, portions of which were loaned to its subsidiaries. Parent pays interest on the affiliated notes, but the subsidiaries accrue interest for their share of the affiliated borrowing and remit the interest to Parent. Interest income related to Parent’s loans to subsidiaries is included in Interest Income on Parent’s statements of income. Parent earned interest income on loans to subsidiaries of $ 7 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. | text | 19.9 | percentItemType | text: <entity> 19.9 </entity> <entity type> percentItemType </entity type> <context> In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. | text | 2.82 | monetaryItemType | text: <entity> 2.82 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. </context> | us-gaap:ProceedsFromMinorityShareholders |
In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. | text | 2.82 | monetaryItemType | text: <entity> 2.82 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, AEP announced a partnership between nonaffiliated entities to acquire a 19.9 % noncontrolling interest in OHTCo and IMTCo for $ 2.82 billion. The transaction is subject to FERC approval and clearance from the Committee on Foreign Investment in the United States. In December 2024, Midwest Transmission Holdings, LCC was formed as a consolidated joint venture by AEPTCo Parent in anticipation of the transaction being finalized in the second half of 2025. AEPTCo Parent recorded Notes Receivable – Affiliated of $ 2.82 billion as of December 31, 2024 in relation to Midwest Transmission Holdings, LLC. See Note 4 - Related Party Transactions for additional information. </context> | us-gaap:AccountsReceivableNet |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:LongTermDebt |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 5.4 | monetaryItemType | text: <entity> 5.4 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:LongTermDebt |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 8.6 | monetaryItemType | text: <entity> 8.6 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:AccountsReceivableNet |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 5.4 | monetaryItemType | text: <entity> 5.4 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:AccountsReceivableNet |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:InterestPayableCurrent |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:InterestPayableCurrent |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:AccountsAndOtherReceivablesNetCurrent |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:AccountsAndOtherReceivablesNetCurrent |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 238 | monetaryItemType | text: <entity> 238 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:InvestmentIncomeInterest |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 215 | monetaryItemType | text: <entity> 215 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:InvestmentIncomeInterest |
AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo | text | 177 | monetaryItemType | text: <entity> 177 </entity> <entity type> monetaryItemType </entity type> <context> AEPTCo Parent enters into debt arrangements with nonaffiliated entities. AEPTCo Parent has long-term debt of $ 5.8 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. AEPTCo Parent uses the proceeds from these nonaffiliated debt arrangements to make affiliated loans to its State Transcos using the same interest rates and maturity dates as the nonaffiliated debt arrangements. AEPTCo Parent has recorded Notes Receivable – Affiliated of $ 8.6 billion and $ 5.4 billion as of December 31, 2024 and 2023, respectively. Related to these nonaffiliated and affiliated debt arrangements, AEPTCo Parent has recorded Accrued Interest of $ 45 million and $ 40 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has also recorded Accounts Receivable – Affiliated Companies of $ 62 million and $ 44 million as of December 31, 2024 and 2023, respectively. AEPTCo Parent has recorded Interest Income – Affiliated of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the Notes Receivable – Affiliated. AEPTCo </context> | us-gaap:InvestmentIncomeInterest |
Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. | text | 238 | monetaryItemType | text: <entity> 238 </entity> <entity type> monetaryItemType </entity type> <context> Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. </context> | us-gaap:InterestExpenseDebt |
Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. | text | 215 | monetaryItemType | text: <entity> 215 </entity> <entity type> monetaryItemType </entity type> <context> Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. </context> | us-gaap:InterestExpenseDebt |
Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. | text | 177 | monetaryItemType | text: <entity> 177 </entity> <entity type> monetaryItemType </entity type> <context> Parent has recorded Interest Expense of $ 238 million, $ 215 million and $ 177 million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the nonaffiliated debt arrangements. </context> | us-gaap:InterestExpenseDebt |
Interest income related to AEPTCo Parent’s short-term lending is included in Interest Income – Affiliated on AEPTCo Parent’s statements of income. AEPTCo Parent earned interest income for amounts advanced to AEP affiliates of $ 3 million, $ 3 million and $ 915 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Interest income related to AEPTCo Parent’s short-term lending is included in Interest Income – Affiliated on AEPTCo Parent’s statements of income. AEPTCo Parent earned interest income for amounts advanced to AEP affiliates of $ 3 million, $ 3 million and $ 915 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
Interest income related to AEPTCo Parent’s short-term lending is included in Interest Income – Affiliated on AEPTCo Parent’s statements of income. AEPTCo Parent earned interest income for amounts advanced to AEP affiliates of $ 3 million, $ 3 million and $ 915 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 915 | monetaryItemType | text: <entity> 915 </entity> <entity type> monetaryItemType </entity type> <context> Interest income related to AEPTCo Parent’s short-term lending is included in Interest Income – Affiliated on AEPTCo Parent’s statements of income. AEPTCo Parent earned interest income for amounts advanced to AEP affiliates of $ 3 million, $ 3 million and $ 915 thousand for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InvestmentIncomeInterest |
On November 1, 2023, the Company completed its acquisition in accordance with the Stock Purchase Agreement, dated May 22, 2023 (as amended, the “Stock Purchase Agreement”), between RenaissanceRe and American International Group, Inc., (“AIG”), pursuant to which, upon the terms and subject to the conditions thereof, RenaissanceRe, or one of its subsidiaries, purchased, acquired and accepted from certain subsidiaries of AIG, all of their right, title and interest in the shares of Validus Holdings, Ltd. (“Validus Holdings”), and Validus Specialty, LLC (“Validus Specialty”). Substantially all of the assets of Validus Holdings was comprised of its equity interest in its wholly-owned subsidiary, Validus Reinsurance, Ltd. (“Validus Re”). The Company also acquired the renewal rights, records and customer relationships of the assumed treaty reinsurance business of Talbot Underwriting Limited, an affiliate of AIG (“Talbot”), a specialty (re)insurance group operating within the Lloyd’s market. The acquisitions under the Stock Purchase Agreement, together with the other transactions contemplated in the Stock Purchase Agreement, are referred to herein as the “Validus Acquisition.” Validus Holdings, Validus Specialty, and their respective subsidiaries that were acquired in the Validus Acquisition (including Validus Re and Validus Holdings (UK) Ltd) collectively are referred to herein as “Validus.” Pursuant to the Validus Acquisition, the Company acquired 100 % voting equity interest in each of Validus Holdings and Validus Specialty. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> On November 1, 2023, the Company completed its acquisition in accordance with the Stock Purchase Agreement, dated May 22, 2023 (as amended, the “Stock Purchase Agreement”), between RenaissanceRe and American International Group, Inc., (“AIG”), pursuant to which, upon the terms and subject to the conditions thereof, RenaissanceRe, or one of its subsidiaries, purchased, acquired and accepted from certain subsidiaries of AIG, all of their right, title and interest in the shares of Validus Holdings, Ltd. (“Validus Holdings”), and Validus Specialty, LLC (“Validus Specialty”). Substantially all of the assets of Validus Holdings was comprised of its equity interest in its wholly-owned subsidiary, Validus Reinsurance, Ltd. (“Validus Re”). The Company also acquired the renewal rights, records and customer relationships of the assumed treaty reinsurance business of Talbot Underwriting Limited, an affiliate of AIG (“Talbot”), a specialty (re)insurance group operating within the Lloyd’s market. The acquisitions under the Stock Purchase Agreement, together with the other transactions contemplated in the Stock Purchase Agreement, are referred to herein as the “Validus Acquisition.” Validus Holdings, Validus Specialty, and their respective subsidiaries that were acquired in the Validus Acquisition (including Validus Re and Validus Holdings (UK) Ltd) collectively are referred to herein as “Validus.” Pursuant to the Validus Acquisition, the Company acquired 100 % voting equity interest in each of Validus Holdings and Validus Specialty. </context> | us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 2.985 | monetaryItemType | text: <entity> 2.985 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 2.735 | monetaryItemType | text: <entity> 2.735 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:PaymentsToAcquireBusinessesGross |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 1322541 | sharesItemType | text: <entity> 1322541 </entity> <entity type> sharesItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 250.0 | monetaryItemType | text: <entity> 250.0 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 189.03 | perShareItemType | text: <entity> 189.03 </entity> <entity type> perShareItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:BusinessAcquisitionSharePrice |
In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. | text | 3.020 | monetaryItemType | text: <entity> 3.020 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the Validus Acquisition, on November 1, 2023, the Company paid to AIG aggregate consideration of $ 2.985 billion, consisting of the following: (i) cash consideration of $ 2.735 billion; and (ii) 1,322,541 common shares, which were valued at approximately $ 250.0 million based on a value of $ 189.03 per share at signing, pursuant to the Stock Purchase Agreement. The value of the acquisition consideration was $ 3.020 billion as of the closing date. The parties determined that no post-closing adjustment was required to the value of the acquisition consideration as of the closing date. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
The Company recorded $ 61.9 million of corporate expenses associated with the acquisition of Validus during 2024 (2023 - $ 76.4 million). Included in these expenses are compensation, transaction and integration-related costs. | text | 61.9 | monetaryItemType | text: <entity> 61.9 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded $ 61.9 million of corporate expenses associated with the acquisition of Validus during 2024 (2023 - $ 76.4 million). Included in these expenses are compensation, transaction and integration-related costs. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed |
The Company recorded $ 61.9 million of corporate expenses associated with the acquisition of Validus during 2024 (2023 - $ 76.4 million). Included in these expenses are compensation, transaction and integration-related costs. | text | 76.4 | monetaryItemType | text: <entity> 76.4 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded $ 61.9 million of corporate expenses associated with the acquisition of Validus during 2024 (2023 - $ 76.4 million). Included in these expenses are compensation, transaction and integration-related costs. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed |
(1) The common share price of RenaissanceRe is based on the closing price of $ 226.97 per RenaissanceRe common share on the closing date of the Validus Acquisition, November 1, 2023 with a 5 % discount to reflect restrictions on the transfer of those shares. | text | 226.97 | perShareItemType | text: <entity> 226.97 </entity> <entity type> perShareItemType </entity type> <context> (1) The common share price of RenaissanceRe is based on the closing price of $ 226.97 per RenaissanceRe common share on the closing date of the Validus Acquisition, November 1, 2023 with a 5 % discount to reflect restrictions on the transfer of those shares. </context> | us-gaap:BusinessAcquisitionSharePrice |
(2) Includes $ 76.4 million of corporate expenses associated with the acquisition and integration of Validus for the year ended December 31, 2023. | text | 76.4 | monetaryItemType | text: <entity> 76.4 </entity> <entity type> monetaryItemType </entity type> <context> (2) Includes $ 76.4 million of corporate expenses associated with the acquisition and integration of Validus for the year ended December 31, 2023. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed |
At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. | text | 73.0 | monetaryItemType | text: <entity> 73.0 </entity> <entity type> monetaryItemType </entity type> <context> At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. | text | 66.0 | monetaryItemType | text: <entity> 66.0 </entity> <entity type> monetaryItemType </entity type> <context> At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. | text | 7.0 | monetaryItemType | text: <entity> 7.0 </entity> <entity type> monetaryItemType </entity type> <context> At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets |
At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. | text | 39.2 | monetaryItemType | text: <entity> 39.2 </entity> <entity type> monetaryItemType </entity type> <context> At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities |
At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> At the date of the acquisition the Company established a net deferred tax asset of $ 73.0 million and recorded a valuation allowance against Validus’ deferred tax assets of $ 66.0 million resulting in a net acquired deferred tax asset of $ 7.0 million. A net deferred tax liability of $ 46.2 million was also recorded related to the estimated fair value of intangible assets recorded, VOBA and other adjustments to the fair values of the assets acquired and liabilities assumed. This resulted in a net deferred tax liability of $ 39.2 million recorded in conjunction with the acquisition of Validus. The Company estimated that goodwill related to the acquisition of Validus Specialty of approximately $ 24 million will be deductible for U.S. tax purposes resulting in an estimated future tax benefit of approximately $ 5 million. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 10.5 | monetaryItemType | text: <entity> 10.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 8.8 | monetaryItemType | text: <entity> 8.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanFundedStatusOfPlan |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 9.8 | monetaryItemType | text: <entity> 9.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). | text | 8.7 | monetaryItemType | text: <entity> 8.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the net balance sheet liability was $ 1.6 million, comprising $ 10.5 million of projected benefit obligation and $ 8.8 million of plan assets at fair value (2023 - $ 1.1 million, $ 9.8 million, and $ 8.7 million, respectively). </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). | text | 302.8 | monetaryItemType | text: <entity> 302.8 </entity> <entity type> monetaryItemType </entity type> <context> Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). </context> | us-gaap:GoodwillGross |
Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). | text | 213.2 | monetaryItemType | text: <entity> 213.2 </entity> <entity type> monetaryItemType </entity type> <context> Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). </context> | us-gaap:GoodwillGross |
Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> Included in goodwill and other intangible assets on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 302.8 million (2023 - $ 302.8 million, 2022 - $ 213.2 million). Included in goodwill, net at December 31, 2024 was accumulated impairment losses of $ 2.3 million (2023 - $ 2.3 million). </context> | us-gaap:GoodwillImpairedAccumulatedImpairmentLoss |
Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public | text | 13.2 | monetaryItemType | text: <entity> 13.2 </entity> <entity type> monetaryItemType </entity type> <context> Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public </context> | us-gaap:GoodwillGross |
Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public | text | 15.3 | monetaryItemType | text: <entity> 15.3 </entity> <entity type> monetaryItemType </entity type> <context> Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public </context> | us-gaap:GoodwillGross |
Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public | text | 14.4 | monetaryItemType | text: <entity> 14.4 </entity> <entity type> monetaryItemType </entity type> <context> Included in investments in other ventures, under equity method on the Company’s consolidated balance sheet at December 31, 2024 was gross goodwill of $ 13.2 million (2023 - $ 15.3 million, 2022 - $ 14.4 million). Included in gross goodwill and gross other intangible assets was a reduction of $ 2.1 million and $ 6.9 million, respectively, related to a change in the classification of the Company’s investment in TWFG, from investment in other ventures, under equity method to fair value, as a result of TWFG, Inc’s initial public </context> | us-gaap:GoodwillGross |
offering in 2024. Included in goodwill, net at December 31, 2024, was accumulated impairment losses of $ 4.5 million (2023 - $ 4.5 million). | text | 4.5 | monetaryItemType | text: <entity> 4.5 </entity> <entity type> monetaryItemType </entity type> <context> offering in 2024. Included in goodwill, net at December 31, 2024, was accumulated impairment losses of $ 4.5 million (2023 - $ 4.5 million). </context> | us-gaap:GoodwillImpairedAccumulatedImpairmentLoss |
Licenses is comprised of $ 10.4 million of indefinite lived other intangible assets, included in other intangible assets, net, as of December 31, 2024 | text | 10.4 | monetaryItemType | text: <entity> 10.4 </entity> <entity type> monetaryItemType </entity type> <context> Licenses is comprised of $ 10.4 million of indefinite lived other intangible assets, included in other intangible assets, net, as of December 31, 2024 </context> | us-gaap:IntangibleAssetsNetExcludingGoodwill |
Licenses is comprised of $ 31.0 million of indefinite lived other intangible assets, included in other intangible assets, net, as of December 31, 2023 | text | 31.0 | monetaryItemType | text: <entity> 31.0 </entity> <entity type> monetaryItemType </entity type> <context> Licenses is comprised of $ 31.0 million of indefinite lived other intangible assets, included in other intangible assets, net, as of December 31, 2023 </context> | us-gaap:IntangibleAssetsNetExcludingGoodwill |
During 2023, the Company recorded $ 460.9 million of gross identifiable intangible assets identified in connection with the Validus Acquisition. See “Note 3. Acquisition of Validus” for additional information regarding the Validus Acquisition. | text | 460.9 | monetaryItemType | text: <entity> 460.9 </entity> <entity type> monetaryItemType </entity type> <context> During 2023, the Company recorded $ 460.9 million of gross identifiable intangible assets identified in connection with the Validus Acquisition. See “Note 3. Acquisition of Validus” for additional information regarding the Validus Acquisition. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill |
The Company recorded amortization expense of $ 57.6 million and an impairment loss of $ 13.8 million related to other intangible assets during 2024 (2023 - $ 13.6 million and $ Nil , respectively). | text | 57.6 | monetaryItemType | text: <entity> 57.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded amortization expense of $ 57.6 million and an impairment loss of $ 13.8 million related to other intangible assets during 2024 (2023 - $ 13.6 million and $ Nil , respectively). </context> | us-gaap:AmortizationOfIntangibleAssets |
The Company recorded amortization expense of $ 57.6 million and an impairment loss of $ 13.8 million related to other intangible assets during 2024 (2023 - $ 13.6 million and $ Nil , respectively). | text | 13.6 | monetaryItemType | text: <entity> 13.6 </entity> <entity type> monetaryItemType </entity type> <context> The Company recorded amortization expense of $ 57.6 million and an impairment loss of $ 13.8 million related to other intangible assets during 2024 (2023 - $ 13.6 million and $ Nil , respectively). </context> | us-gaap:AmortizationOfIntangibleAssets |
In accordance with the Company’s established accounting policy, the Company reviewed its finite lived intangible assets for indicators of impairment throughout 2024, testing for impairment as appropriate. During 2024, the Company amalgamated and merged certain Validus Re entities into the Company. As a result of management’s review and analysis, it was determined that certain licenses associated with these entities were either cancelled upon amalgamation or merger, or that there was no new business written using these licenses in 2024, and no new business would be incepting using these licenses on a go forward basis. Accordingly, and in connection with the Company’s impairment testing performed, it was determined that the licenses associated with these acquired Validus entities, which was initially reflected as an indefinite lived intangible asset of $ 13.9 million at the time of the acquisition of Validus, should be written down to $ Nil. The Company recorded an intangible asset impairment charge of $ 13.8 million during the year ended December 31, 2024. | text | 13.9 | monetaryItemType | text: <entity> 13.9 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with the Company’s established accounting policy, the Company reviewed its finite lived intangible assets for indicators of impairment throughout 2024, testing for impairment as appropriate. During 2024, the Company amalgamated and merged certain Validus Re entities into the Company. As a result of management’s review and analysis, it was determined that certain licenses associated with these entities were either cancelled upon amalgamation or merger, or that there was no new business written using these licenses in 2024, and no new business would be incepting using these licenses on a go forward basis. Accordingly, and in connection with the Company’s impairment testing performed, it was determined that the licenses associated with these acquired Validus entities, which was initially reflected as an indefinite lived intangible asset of $ 13.9 million at the time of the acquisition of Validus, should be written down to $ Nil. The Company recorded an intangible asset impairment charge of $ 13.8 million during the year ended December 31, 2024. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets |
In accordance with the Company’s established accounting policy, the Company reviewed its finite lived intangible assets for indicators of impairment throughout 2024, testing for impairment as appropriate. During 2024, the Company amalgamated and merged certain Validus Re entities into the Company. As a result of management’s review and analysis, it was determined that certain licenses associated with these entities were either cancelled upon amalgamation or merger, or that there was no new business written using these licenses in 2024, and no new business would be incepting using these licenses on a go forward basis. Accordingly, and in connection with the Company’s impairment testing performed, it was determined that the licenses associated with these acquired Validus entities, which was initially reflected as an indefinite lived intangible asset of $ 13.9 million at the time of the acquisition of Validus, should be written down to $ Nil. The Company recorded an intangible asset impairment charge of $ 13.8 million during the year ended December 31, 2024. | text | 13.8 | monetaryItemType | text: <entity> 13.8 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with the Company’s established accounting policy, the Company reviewed its finite lived intangible assets for indicators of impairment throughout 2024, testing for impairment as appropriate. During 2024, the Company amalgamated and merged certain Validus Re entities into the Company. As a result of management’s review and analysis, it was determined that certain licenses associated with these entities were either cancelled upon amalgamation or merger, or that there was no new business written using these licenses in 2024, and no new business would be incepting using these licenses on a go forward basis. Accordingly, and in connection with the Company’s impairment testing performed, it was determined that the licenses associated with these acquired Validus entities, which was initially reflected as an indefinite lived intangible asset of $ 13.9 million at the time of the acquisition of Validus, should be written down to $ Nil. The Company recorded an intangible asset impairment charge of $ 13.8 million during the year ended December 31, 2024. </context> | us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill |
At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. | text | 10.3 | monetaryItemType | text: <entity> 10.3 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. </context> | us-gaap:AssetsHeldInTrust |
At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. | text | 10.5 | monetaryItemType | text: <entity> 10.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. </context> | us-gaap:AssetsHeldInTrust |
At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. | text | 3.1 | monetaryItemType | text: <entity> 3.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. </context> | us-gaap:AssetsHeldByInsuranceRegulators |
At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. | text | 2.9 | monetaryItemType | text: <entity> 2.9 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, $ 10.3 billion (2023 - $ 10.5 billion) of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities. Of this amount, $ 3.1 billion (2023 - $ 2.9 billion) is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities. </context> | us-gaap:AssetsHeldByInsuranceRegulators |
At December 31, 2024, the Company held $ 169.4 million (2023 - $ 159.7 million) of reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of short term investments on the Company’s consolidated balance sheets. The required collateral for these loans typically includes high-quality, readily marketable instruments. Upon maturity, the Company receives principal and interest income. | text | 169.4 | monetaryItemType | text: <entity> 169.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Company held $ 169.4 million (2023 - $ 159.7 million) of reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of short term investments on the Company’s consolidated balance sheets. The required collateral for these loans typically includes high-quality, readily marketable instruments. Upon maturity, the Company receives principal and interest income. </context> | us-gaap:SecuritiesForReverseRepurchaseAgreements |
At December 31, 2024, the Company held $ 169.4 million (2023 - $ 159.7 million) of reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of short term investments on the Company’s consolidated balance sheets. The required collateral for these loans typically includes high-quality, readily marketable instruments. Upon maturity, the Company receives principal and interest income. | text | 159.7 | monetaryItemType | text: <entity> 159.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Company held $ 169.4 million (2023 - $ 159.7 million) of reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of short term investments on the Company’s consolidated balance sheets. The required collateral for these loans typically includes high-quality, readily marketable instruments. Upon maturity, the Company receives principal and interest income. </context> | us-gaap:SecuritiesForReverseRepurchaseAgreements |
Term loans represent the Company’s participation interest in a senior secured term loan facility, which the Company disposed of during 2024. The Company had committed to a loan participation interest of $ 100.0 million which was fully funded as at December 31, 2023. This facility paid interest, had a 5-year maturity and was fully secured by a diversified pool of primarily private equity assets. | text | 100.0 | monetaryItemType | text: <entity> 100.0 </entity> <entity type> monetaryItemType </entity type> <context> Term loans represent the Company’s participation interest in a senior secured term loan facility, which the Company disposed of during 2024. The Company had committed to a loan participation interest of $ 100.0 million which was fully funded as at December 31, 2023. This facility paid interest, had a 5-year maturity and was fully secured by a diversified pool of primarily private equity assets. </context> | us-gaap:InvestmentOwnedBalancePrincipalAmount |
Included in assumed and ceded (re)insurance contracts at December 31, 2024 was $ 2.0 million of other assets and $ 2.4 million of other liabilities. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> Included in assumed and ceded (re)insurance contracts at December 31, 2024 was $ 2.0 million of other assets and $ 2.4 million of other liabilities. </context> | us-gaap:OtherAssetsFairValueDisclosure |
Included in assumed and ceded (re)insurance contracts at December 31, 2024 was $ 2.0 million of other assets and $ 2.4 million of other liabilities. | text | 2.4 | monetaryItemType | text: <entity> 2.4 </entity> <entity type> monetaryItemType </entity type> <context> Included in assumed and ceded (re)insurance contracts at December 31, 2024 was $ 2.0 million of other assets and $ 2.4 million of other liabilities. </context> | us-gaap:OtherLiabilitiesFairValueDisclosure |
Included in assumed and ceded (re)insurance contracts at December 31, 2023 was $ 2.2 million of other assets and $ 2.7 million of other liabilities. | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> Included in assumed and ceded (re)insurance contracts at December 31, 2023 was $ 2.2 million of other assets and $ 2.7 million of other liabilities. </context> | us-gaap:OtherAssetsFairValueDisclosure |
Included in assumed and ceded (re)insurance contracts at December 31, 2023 was $ 2.2 million of other assets and $ 2.7 million of other liabilities. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> Included in assumed and ceded (re)insurance contracts at December 31, 2023 was $ 2.2 million of other assets and $ 2.7 million of other liabilities. </context> | us-gaap:OtherLiabilitiesFairValueDisclosure |
Level 2 - At December 31, 2024, the Company’s other investments included $ 168.1 million (2023 - $ Nil ) of direct private equity investments which are recorded at fair value based on quoted prices for similar assets. | text | 168.1 | monetaryItemType | text: <entity> 168.1 </entity> <entity type> monetaryItemType </entity type> <context> Level 2 - At December 31, 2024, the Company’s other investments included $ 168.1 million (2023 - $ Nil ) of direct private equity investments which are recorded at fair value based on quoted prices for similar assets. </context> | us-gaap:OtherLongTermInvestments |
Level 2 - At December 31, 2024, the Company’s other investments included $ 168.1 million (2023 - $ Nil ) of direct private equity investments which are recorded at fair value based on quoted prices for similar assets. | text | Nil | monetaryItemType | text: <entity> Nil </entity> <entity type> monetaryItemType </entity type> <context> Level 2 - At December 31, 2024, the Company’s other investments included $ 168.1 million (2023 - $ Nil ) of direct private equity investments which are recorded at fair value based on quoted prices for similar assets. </context> | us-gaap:OtherLongTermInvestments |
Level 3 - At December 31, 2024, the Company’s other investments included $ 43.8 million (2023 - $ 59.9 million) of direct private equity investments which are recorded at fair value, with the fair value obtained through the use of internal valuation models. The Company measured the fair value of these investments using multiples of net tangible book value of the underlying entities. The significant unobservable inputs used in the fair value measurement of these investments are liquidity discount rates applied to each of the net tangible book value multiples used in the internal valuation models, and discount rates applied to the expected cash flows of the underlying entities in various scenarios. These unobservable inputs in isolation can cause significant increases or decreases in fair value. Generally, an increase in the liquidity discount rate or discount rates would result in a decrease in the fair value of these private equity investments. | text | 43.8 | monetaryItemType | text: <entity> 43.8 </entity> <entity type> monetaryItemType </entity type> <context> Level 3 - At December 31, 2024, the Company’s other investments included $ 43.8 million (2023 - $ 59.9 million) of direct private equity investments which are recorded at fair value, with the fair value obtained through the use of internal valuation models. The Company measured the fair value of these investments using multiples of net tangible book value of the underlying entities. The significant unobservable inputs used in the fair value measurement of these investments are liquidity discount rates applied to each of the net tangible book value multiples used in the internal valuation models, and discount rates applied to the expected cash flows of the underlying entities in various scenarios. These unobservable inputs in isolation can cause significant increases or decreases in fair value. Generally, an increase in the liquidity discount rate or discount rates would result in a decrease in the fair value of these private equity investments. </context> | us-gaap:OtherLongTermInvestments |
Level 3 - At December 31, 2024, the Company’s other investments included $ 43.8 million (2023 - $ 59.9 million) of direct private equity investments which are recorded at fair value, with the fair value obtained through the use of internal valuation models. The Company measured the fair value of these investments using multiples of net tangible book value of the underlying entities. The significant unobservable inputs used in the fair value measurement of these investments are liquidity discount rates applied to each of the net tangible book value multiples used in the internal valuation models, and discount rates applied to the expected cash flows of the underlying entities in various scenarios. These unobservable inputs in isolation can cause significant increases or decreases in fair value. Generally, an increase in the liquidity discount rate or discount rates would result in a decrease in the fair value of these private equity investments. | text | 59.9 | monetaryItemType | text: <entity> 59.9 </entity> <entity type> monetaryItemType </entity type> <context> Level 3 - At December 31, 2024, the Company’s other investments included $ 43.8 million (2023 - $ 59.9 million) of direct private equity investments which are recorded at fair value, with the fair value obtained through the use of internal valuation models. The Company measured the fair value of these investments using multiples of net tangible book value of the underlying entities. The significant unobservable inputs used in the fair value measurement of these investments are liquidity discount rates applied to each of the net tangible book value multiples used in the internal valuation models, and discount rates applied to the expected cash flows of the underlying entities in various scenarios. These unobservable inputs in isolation can cause significant increases or decreases in fair value. Generally, an increase in the liquidity discount rate or discount rates would result in a decrease in the fair value of these private equity investments. </context> | us-gaap:OtherLongTermInvestments |
Level 3 - During 2024, the Company disposed of its investment in a term loan. At December 31, 2023, the Company’s other investments included a $ 97.7 million investment which was recorded at fair value, with the fair value obtained through the use of a discounted cash flow model. The significant unobservable inputs used in the discounted cash flow model were the cash flow projection of the associated term loan, and the discount rate. The discount rate used was based on the Secured Overnight Financing Rate (“SOFR”), which was then adjusted for credit risk and a risk premium. These adjustments may be impacted by market movements implied by transactions of similar or related assets, loan-to-value, tenor, liquidity, credit risk | text | 97.7 | monetaryItemType | text: <entity> 97.7 </entity> <entity type> monetaryItemType </entity type> <context> Level 3 - During 2024, the Company disposed of its investment in a term loan. At December 31, 2023, the Company’s other investments included a $ 97.7 million investment which was recorded at fair value, with the fair value obtained through the use of a discounted cash flow model. The significant unobservable inputs used in the discounted cash flow model were the cash flow projection of the associated term loan, and the discount rate. The discount rate used was based on the Secured Overnight Financing Rate (“SOFR”), which was then adjusted for credit risk and a risk premium. These adjustments may be impacted by market movements implied by transactions of similar or related assets, loan-to-value, tenor, liquidity, credit risk </context> | us-gaap:OtherLongTermInvestments |
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