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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Preferred stocks
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, 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       (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)
Stockholders' Equity Attributable to Parent, Ending Balance 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]                  
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)
Stockholders' Equity Attributable to Parent, Ending Balance 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (31,175)         32,720
Share-based compensation expense       51,249          
Unrealized gains (losses) arising during the year, net of reclassification adjustment (805,850)         (805,850)      
Foreign currency translation adjustment (10,986)           (10,986)    
Net income (loss) 223,083             223,083  
Preferred share dividends [1]               (30,250)  
Common share dividends [1]               (150,556)  
Shares repurchased                 (48,981)
Stockholders' Equity Attributable to Parent, Ending Balance at Dec. 31, 2022 $ 4,639,910 $ 550,000 $ 2,206 $ 2,366,253 $ (760,300) $ (743,695) $ (16,605) $ 6,247,022 $ (3,765,271)
[1] Refer to Note 15 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.