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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, 2023   $ 550,000 $ 2,206 $ 2,383,030 $ (365,836) $ (347,659) $ (18,177) $ 6,440,528 $ (3,746,732)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (27,816)         30,060
Share-based compensation expense       21,030          
Other comprehensive income (loss) $ (29,132)         (18,378) (10,754)    
Net income 607,425             607,425  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (75,643)  
Shares repurchased                 (114,524)
Balance at end of period at Jun. 30, 2024 5,659,471 550,000 2,206 2,376,244 (394,968) (366,037) (28,931) 6,957,185 (3,831,196)
Balance at beginning of period at Mar. 31, 2024   550,000 2,206 2,368,144 (411,849) (384,721) (27,128) 6,790,558 (3,793,904)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (1,504)         1,504
Share-based compensation expense       9,604          
Other comprehensive income (loss) 16,881         18,684 (1,803)    
Net income 211,964             211,964  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (37,774)  
Shares repurchased                 (38,796)
Balance at end of period at Jun. 30, 2024 5,659,471 550,000 2,206 2,376,244 (394,968) (366,037) (28,931) 6,957,185 (3,831,196)
Balance at beginning of period at Dec. 31, 2024 6,089,379 550,000 2,206 2,394,063 (267,557) (225,617) (41,940) 7,341,569 (3,930,902)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (30,464)         32,495
Share-based compensation expense       21,060          
Other comprehensive income (loss) 245,847         229,980 15,867    
Net income 417,427             417,427  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (70,625)  
Shares repurchased                 (515,596)
Balance at end of period at Jun. 30, 2025 6,174,398 550,000 2,206 2,384,659 (21,710) 4,363 (26,073) 7,673,246 (4,414,003)
Balance at beginning of period at Mar. 31, 2025   550,000 2,206 2,374,804 (152,376) (110,280) (42,096) 7,492,484 (4,364,319)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (1,406)         1,406
Share-based compensation expense       11,261          
Other comprehensive income (loss) 130,666         114,643 16,023    
Net income 223,358             223,358  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (35,033)  
Shares repurchased                 (51,090)
Balance at end of period at Jun. 30, 2025 $ 6,174,398 $ 550,000 $ 2,206 $ 2,384,659 $ (21,710) $ 4,363 $ (26,073) $ 7,673,246 $ (4,414,003)
[1] Refer to Note 9 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.