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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       (30,844)         32,389
Share-based compensation expense       39,560          
Unrealized gains (losses) arising during the period, net of reclassification adjustment $ (1,083,017)         (1,083,017)      
Foreign currency translation adjustment (16,169)           (16,169)    
Net income (loss) 174,592             174,592  
Preferred share dividends [1]               (22,688)  
Common share dividends [1]               (112,381)  
Shares repurchased                 (48,675)
Balance at end of period at Sep. 30, 2022 4,343,423 550,000 2,206 2,354,895 (1,042,650) (1,020,862) (21,788) 6,244,268 (3,765,296)
Balance at beginning of period at Jun. 30, 2022   550,000 2,206 2,341,507 (724,114) (715,077) (9,037) 6,298,680 (3,765,648)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (694)         694
Share-based compensation expense       14,082          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (305,785)         (305,785)      
Foreign currency translation adjustment (12,751)           (12,751)    
Net income (loss) (9,384)             (9,384)  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (37,465)  
Shares repurchased                 (342)
Balance at end of period at Sep. 30, 2022 4,343,423 550,000 2,206 2,354,895 (1,042,650) (1,020,862) (21,788) 6,244,268 (3,765,296)
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       (33,575)         35,279
Share-based compensation expense       43,000          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (10,837)         (10,837)      
Foreign currency translation adjustment (4,302)           (4,302)    
Net income (loss) 518,870             518,870  
Preferred share dividends [1]               (22,688)  
Common share dividends [1]               (115,025)  
Shares repurchased                 (17,424)
Balance at end of period at Sep. 30, 2023 5,033,208 550,000 2,206 2,375,678 (775,439) (754,532) (20,907) 6,628,179 (3,747,416)
Balance at beginning of period at Jun. 30, 2023   550,000 2,206 2,361,185 (630,509) (616,552) (13,957) 6,485,901 (3,747,822)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (779)         779
Share-based compensation expense       15,272          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (137,980)         (137,980)      
Foreign currency translation adjustment (6,950)           (6,950)    
Net income (loss) 188,098             188,098  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (38,257)  
Shares repurchased                 (373)
Balance at end of period at Sep. 30, 2023 $ 5,033,208 $ 550,000 $ 2,206 $ 2,375,678 $ (775,439) $ (754,532) $ (20,907) $ 6,628,179 $ (3,747,416)
[1] Refer to Note 9 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.