“Our expectation is that our investment opportunities with Onex will be accretive to our investment yield.”

In context

“. We have private credit mandates with a small group of strategic partners who follow strict investment guidelines. We do a detailed review of every transaction we enter into and are very thoughtful about deployment and aggregation. We are pleased Onex will be one of those strategic partners. We have committed to invest $2 billion over 3 years across Onex's broad asset management platform, including insurance co-investments outside of Onex' funds, which will provide us with a broader view of opportunities in the industry. We are in the process of divesting some noncore legacy private assets, mostly in real estate, and we will look to deploy some of those proceeds in Onex managed strategies over time, such as CLOs and broadly syndicated loan portfolios where Onex has a strong track record. Our expectation is that our investment opportunities with Onex will be accretive to our investment yield. Turning to Other Operations. Net investment income of $77 million declined $43 million over the prior year quarter and largely reflect income from our parent liquidity portfolio of roughly $50 million and Corebridge Financial dividend income of $20 million. This quarter, we updated the investment portfolio disclosure in our financial supplement to more clearly show the split between our General Insurance portfolio and the assets sitting within Other Operations. Turning to capital management. In the third quarter, we continued to execute against our strong, disciplined and balanced strategy while maintaining our strong ratings and financial flexibility. We completed the sale of another 31 million shares of Corebridge Financial for proceeds of approximately $1 billion. This brings our owner”