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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred shares
Common shares
Additional paid-in capital
Accumulated other comprehensive income (loss)
Unrealized gains (losses) on available for sale investments, net of tax:
Cumulative foreign currency translation adjustments, net of tax:
Retained earnings
Treasury shares, at cost
Balance at beginning of period at Dec. 31, 2019   $ 775,000 $ 2,206 $ 2,317,212 $ 171,710 $ 181,521 $ (9,811) $ 6,056,686 $ (3,778,806)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased   (225,000)              
Treasury shares reissued       (19,151)         21,040
Share-based compensation expense       19,293          
Unrealized gains (losses) arising during the period, net of reclassification adjustment $ 113,780         113,780      
Foreign currency translation adjustment (3,891)           (3,891)    
Net income (loss) (57,783)             (57,783)  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (70,749)  
Shares repurchased                 (8,602)
Balance at end of period at Jun. 30, 2020 5,297,820 550,000 2,206 2,317,354 281,599 295,301 (13,702) 5,913,029 (3,766,368)
Balance at beginning of period at Mar. 31, 2020   550,000 2,206 2,307,998 (89,919) (72,383) (17,536) 5,836,007 (3,766,714)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased   0              
Treasury shares reissued       (456)         456
Share-based compensation expense       9,812          
Unrealized gains (losses) arising during the period, net of reclassification adjustment 367,684         367,684      
Foreign currency translation adjustment 3,834           3,834    
Net income (loss) 120,040             120,040  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (35,455)  
Shares repurchased                 (110)
Balance at end of period at Jun. 30, 2020 5,297,820 550,000 2,206 2,317,354 281,599 295,301 (13,702) 5,913,029 (3,766,368)
Balance at beginning of period at Dec. 31, 2020 5,295,694 550,000 2,206 2,330,054 414,395 420,635 (6,240) 5,763,607 (3,764,568)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased   0              
Treasury shares reissued       (24,040)         25,185
Share-based compensation expense       20,274          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (192,809)         (192,809)      
Foreign currency translation adjustment 4,731           4,731    
Net income (loss) 358,770             358,770  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (73,101)  
Shares repurchased                 (9,819)
Balance at end of period at Jun. 30, 2021 5,389,760 550,000 2,206 2,326,288 226,317 227,826 (1,509) 6,034,151 (3,749,202)
Balance at beginning of period at Mar. 31, 2021   550,000 2,206 2,316,147 214,861 219,852 (4,991) 5,842,850 (3,749,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased   0              
Treasury shares reissued       (911)         911
Share-based compensation expense       11,052          
Unrealized gains (losses) arising during the period, net of reclassification adjustment 7,974         7,974      
Foreign currency translation adjustment 3,482           3,482    
Net income (loss) 235,473             235,473  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (36,609)  
Shares repurchased                 (439)
Balance at end of period at Jun. 30, 2021 $ 5,389,760 $ 550,000 $ 2,206 $ 2,326,288 $ 226,317 $ 227,826 $ (1,509) $ 6,034,151 $ (3,749,202)
[1] Refer to Note 9 'Shareholder's Equity' for details on dividends declared and paid related to the Company's common and preferred shares.