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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Preferred Shares
Common shares (par value)
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 year at Dec. 31, 2018   $ 775,000 $ 2,206 $ 2,308,583 $ (177,110) $ (168,365) $ (8,745) $ 5,912,812 $ (3,791,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased   0              
Treasury shares reissued       (21,046)         22,779
Share-based compensation expense       29,675          
Unrealized gains (losses) arising during the year, net of reclassification adjustment $ 349,886         349,886      
Foreign currency translation adjustment (1,066)           (1,066)    
Net income (loss) 323,473             323,473  
Preferred share dividends [1]               (41,112)  
Common share dividends [1]               (138,487)  
Shares repurchased                 (10,165)
Balance at end of year at Dec. 31, 2019 5,544,008 775,000 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       (22,732)         24,620
Share-based compensation expense       35,574          
Unrealized gains (losses) arising during the year, net of reclassification adjustment 239,114         239,114      
Foreign currency translation adjustment 3,571           3,571    
Net income (loss) (120,424)             (120,424)  
Preferred share dividends [1]               (30,250)  
Common share dividends [1]               (142,405)  
Shares repurchased                 (10,382)
Balance at end of year 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       (24,655)         25,800
Share-based compensation expense       40,780          
Unrealized gains (losses) arising during the year, net of reclassification adjustment (358,480)         (358,480)      
Foreign currency translation adjustment 621           621    
Net income (loss) 618,609             618,609  
Preferred share dividends [1]               (30,250)  
Common share dividends [1]               (147,221)  
Shares repurchased                 (10,242)
Balance at end of year at Dec. 31, 2021 $ 5,410,656 $ 550,000 $ 2,206 $ 2,346,179 $ 56,536 $ 62,155 $ (5,619) $ 6,204,745 $ (3,749,010)
[1] Refer to Note 14 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.