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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - 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 period at Dec. 31, 2021   $ 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       (30,150)         31,695
Share-based compensation expense       25,478          
Unrealized gains (losses) arising during the period, net of reclassification adjustment $ (777,232)         (777,232)      
Foreign currency translation adjustment (3,418)           (3,418)    
Net income 183,982             183,982  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (74,922)  
Shares repurchased                 (48,333)
Balance at end of period at Jun. 30, 2022 4,702,631 550,000 2,206 2,341,507 (724,114) (715,077) (9,037) 6,298,680 (3,765,648)
Balance at beginning of period at Mar. 31, 2022   550,000 2,206 2,328,986 (338,300) (335,456) (2,844) 6,308,712 (3,731,064)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (772)         772
Share-based compensation expense       13,293          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (379,621)         (379,621)      
Foreign currency translation adjustment (6,193)           (6,193)    
Net income 34,778             34,778  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (37,247)  
Shares repurchased                 (35,356)
Balance at end of period at Jun. 30, 2022 4,702,631 550,000 2,206 2,341,507 (724,114) (715,077) (9,037) 6,298,680 (3,765,648)
Balance at beginning of period 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (32,796)         34,500
Share-based compensation expense       27,728          
Unrealized gains (losses) arising during the period, net of reclassification adjustment 127,143         127,143      
Foreign currency translation adjustment 2,648           2,648    
Net income 330,773             330,773  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (76,769)  
Shares repurchased                 (17,051)
Balance at end of period at Jun. 30, 2023 5,020,961 550,000 2,206 2,361,185 (630,509) (616,552) (13,957) 6,485,901 (3,747,822)
Balance at beginning of period at Mar. 31, 2023   550,000 2,206 2,347,637 (571,896) (554,756) (17,140) 6,381,201 (3,748,919)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (2,203)         2,203
Share-based compensation expense       15,751          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (61,796)         (61,796)      
Foreign currency translation adjustment 3,183           3,183    
Net income 150,674             150,674  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (38,411)  
Shares repurchased                 (1,106)
Balance at end of period at Jun. 30, 2023 $ 5,020,961 $ 550,000 $ 2,206 $ 2,361,185 $ (630,509) $ (616,552) $ (13,957) $ 6,485,901 $ (3,747,822)
[1] Refer to Note 9 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.