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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company’s Debt:
December 31,
20202021
Senior bank debt$349.8 $349.9 
Senior notes1,091.9 1,093.5 
Junior subordinated notes556.4 751.4 
Junior convertible securities 314.0 295.6 
Debt$2,312.1 $2,490.4 
Schedule of Principal Terms of Senior and Junior Subordinated Notes
The principal terms of the senior notes outstanding as of December 31, 2021 were as follows:
2024
Senior Notes
2025
Senior Notes
2030
Senior Notes
Issue dateFebruary 2014February 2015June 2020
Maturity dateFebruary 2024August 2025June 2030
Par value (in millions)$400.0 $350.0 $350.0 
Stated coupon4.25 %3.50 %3.30 %
Coupon frequencySemi-annuallySemi-annuallySemi-annually
Potential call dateAny timeAny timeAny time
Call priceAs definedAs definedAs defined
The principal terms of the junior subordinated notes outstanding as of December 31, 2021 were as follows:
2059
Junior Subordinated Notes
2060
Junior Subordinated Notes
2061
Junior Subordinated Notes
Issue dateMarch 2019September 2020July 2021
Maturity dateMarch 2059September 2060September 2061
Par value (in millions)$300.0 $275.0 $200.0 
Stated coupon5.875 %4.75 %4.20 %
Coupon frequencyQuarterlyQuarterlyQuarterly
Potential call dateMarch 2024September 2025September 2026
Call priceAs definedAs definedAs defined
ListingNYSENYSENYSE
Schedule of Carrying Value and Principal Amount at Maturity of Junior Convertible Securities The carrying value and principal amount at maturity of the junior convertible securities were as follows:
 December 31, 2020December 31, 2021
 Carrying
Value
Principal Amount
at Maturity
Carrying
Value
Principal Amount
at Maturity
Junior convertible securities(1)
$318.4 $430.8 $299.5 $401.0 
__________________________
(1)The carrying value is accreted to the principal amount at maturity over a remaining life of 16 years.