XML 41 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Revisions To Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2020
Revisions To Financial Statements [Abstract]  
Schedule of Prior Period Financial Statements

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE

 

 

Three Months Ended June 30, 2019

 

 

Six Months Ended June 30, 2019

INCOME (LOSS):

 

 

As Previously

 

 

Impact of

 

 

 

 

 

As Previously

 

 

Impact of

 

 

 

 

 

 

Reported

 

 

Revisions

 

 

As Revised

 

 

Reported

 

 

Revisions

 

 

As Revised

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

$

(7,977)

 

$

(10,248)

 

$

(18,225)

 

$

(17,030)

 

$

(4,495)

 

$

(21,525)

Total revenues

 

$

2,018,975

 

$

(10,248)

 

$

2,008,727

 

$

3,979,058

 

$

(4,495)

 

$

3,974,563

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME (LOSS) BEFORE TAXES

 

$

382,593

 

$

(10,248)

 

$

372,345

 

$

791,384

 

$

(4,495)

 

$

786,889

Income tax expense (benefit)

 

 

39,738

 

 

(261)

 

 

39,477

 

 

99,629

 

 

(159)

 

 

99,470

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

342,855

 

$

(9,987)

 

$

332,868

 

$

691,755

 

$

(4,336)

 

$

687,419

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPREHENSIVE INCOME (LOSS)

 

$

514,064

 

$

(9,987)

 

$

504,077

 

$

1,109,410

 

$

(4,336)

 

$

1,105,074

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

8.42

 

$

(0.25)

 

$

8.17

 

$

16.98

 

$

(0.10)

 

$

16.88

Diluted

 

$

8.39

 

$

(0.24)

 

$

8.15

 

$

16.93

 

$

(0.11)

 

$

16.82

CONSOLIDATED STATEMENTS OF

 

Six Months Ended June 30, 2019

CHANGES IN STOCKHOLDER'S EQUITY

 

As Previously

 

Impact of

 

 

 

 

 

Reported

 

Revisions

 

As Revised

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

RETAINED EARNINGS:

 

 

 

 

 

 

 

 

 

Balance, January 1

 

$

9,574,440

 

$

(43,007)

 

$

9,531,433

Net income (loss)

 

 

348,900

 

 

5,651

 

 

354,551

Balance, March 31

 

 

9,866,203

 

 

(37,356)

 

 

9,828,847

Net income (loss)

 

 

342,855

 

 

(9,987)

 

 

332,868

Balance, June 30,

 

 

10,152,059

 

 

(47,343)

 

 

10,104,716

TOTAL STOCKHOLDER'S EQUITY, June 30

 

$

8,884,160

 

$

(47,343)

 

$

8,836,817

CONSOLIDATED STATEMENTS OF CASH FLOWS

 

Six Months Ended June 30, 2019

 

 

As Previously

 

Impact of

 

 

 

 

 

Reported

 

Revisions

 

As Revised

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

691,755

 

$

(4,336)

 

$

687,419

Decrease (increase) in premiums receivable

 

 

(178,319)

 

 

3,736

 

 

(174,583)

Decrease (increase) in funds held by reinsureds, net

 

 

(56,180)

 

 

759

 

 

(55,421)

Decrease (increase) in income taxes

 

 

180,285

 

 

(159)

 

 

180,126