XML 140 R119.htm IDEA: XBRL DOCUMENT v3.22.4
INCOME TAXES - Summary of Effective Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income (loss) before income taxes      
Bermuda (domestic) $ 236,781 $ 431,310 $ (45,951)
Foreign 8,340 249,686 (86,794)
 Total income (loss) before income taxes $ 245,121 $ 680,996 $ (132,745)
Reconciliation of effective tax rate (% of income before income taxes)      
Expected tax rate 0.00% 0.00% 0.00%
Valuation allowance 9.50% (0.50%) (1.70%)
Other (0.40%) 1.40% (2.10%)
Actual tax rate 9.00% 9.20% 9.30%
U.S.      
Reconciliation of effective tax rate (% of income before income taxes)      
Foreign taxes at local expected rates 0.20% 4.80% 5.60%
Europe      
Reconciliation of effective tax rate (% of income before income taxes)      
Foreign taxes at local expected rates 1.90% 2.00% 9.20%
Change in enacted tax rate (2.20%) 1.50% (1.70%)
United Kingdom | Minimum      
Reconciliation of effective tax rate (% of income before income taxes)      
Change in enacted tax rate   19.00%  
United Kingdom | Maximum      
Reconciliation of effective tax rate (% of income before income taxes)      
Change in enacted tax rate   25.00%  
Belgium | Minimum      
Reconciliation of effective tax rate (% of income before income taxes)      
Change in enacted tax rate   29.58%  
Belgium | Maximum      
Reconciliation of effective tax rate (% of income before income taxes)      
Change in enacted tax rate   25.00%