Related party transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related party transactions | - Related party transactions Centro Financiero BHD, S.A. At June 30, 2026, the Corporation had a 15.63% equity interest in Centro Financiero BHD, S.A. (“BHD"), one of the largest banking and financial services groups in the Dominican Republic. During the six months ended June 30, 2026, the Corporation recorded $52.5 million in equity pickup (June 30, 2025 - $13.0 million), including income of $30.4 million from BHD's net earnings (June 30, 2025 - $19.9 million) and $22.1 million recorded through Other Comprehensive Income (June 30, 2025 - $(6.9) million) related to foreign currency translation adjustments and changes in the fair value of available for sale securities. As of June 30, 2026, the investment in BHD had a carrying amount of $281.5 million (December 31, 2025 - $249.4 million) and the Corporation received $20.4 million in cash dividend distributions during the six months ended June 30, 2026 (June 30, 2025 - $20.0 million).
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