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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Capital in Excess of Par Value
Capital in Excess of Par Value
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Undistributed (Overdistributed) Earnings
Accumulated Undistributed (Overdistributed) Earnings
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2021     468,000,000        
Beginning balance at Dec. 31, 2021 $ 8,868.0 $ (2.0) $ 0.0 $ 8,553.0 $ (4.0) $ 315.0 $ 2.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net of offering and underwriting costs (in shares)     50,000,000        
Issuance of common stock, net of offering and underwriting costs $ 1,001.0   $ 1.0 1,000.0      
Shares issued in connection with dividend reinvestment plan (in shares) 1,500,000   1,000,000        
Shares issued in connection with dividend reinvestment plan $ 29.0     29.0      
Net investment income 1,092.0         1,092.0  
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions 33.0         33.0  
Net unrealized (losses) gains on investments, foreign currency and other transactions (525.0)         (525.0)  
Dividends declared and payable (941.0)         (941.0)  
Tax reclassification of stockholders’ equity in accordance with GAAP 0.0     (22.0)   22.0  
Ending balance (in shares) at Dec. 31, 2022     519,000,000        
Ending balance at Dec. 31, 2022 9,555.0   $ 1.0 9,556.0   (2.0)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net of offering and underwriting costs (in shares)     61,000,000        
Issuance of common stock, net of offering and underwriting costs $ 1,155.0     1,155.0      
Shares issued in connection with dividend reinvestment plan (in shares) 2,500,000   2,000,000        
Shares issued in connection with dividend reinvestment plan $ 47.0     47.0      
Net investment income 1,266.0         1,266.0  
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (179.0)         (179.0)  
Net unrealized (losses) gains on investments, foreign currency and other transactions 435.0         435.0  
Dividends declared and payable (1,078.0)         (1,078.0)  
Tax reclassification of stockholders’ equity in accordance with GAAP $ 0.0     (20.0)   20.0  
Ending balance (in shares) at Dec. 31, 2023 582,000,000   582,000,000        
Ending balance at Dec. 31, 2023 $ 11,201.0   $ 1.0 10,738.0   462.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock, net of offering and underwriting costs (in shares)     66,000,000        
Issuance of common stock, net of offering and underwriting costs $ 1,364.0     1,364.0      
Shares issued in connection with dividend reinvestment plan (in shares) 3,800,000   4,000,000        
Shares issued in connection with dividend reinvestment plan $ 80.0     80.0      
Net investment income 1,403.0         1,403.0  
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (69.0)         (69.0)  
Net unrealized (losses) gains on investments, foreign currency and other transactions 188.0         188.0  
Conversion of 2024 Convertible Notes (in shares)     20,000,000        
Conversion of 2024 Convertible Notes 407.0     407.0      
Dividends declared and payable (1,219.0)         (1,219.0)  
Tax reclassification of stockholders’ equity in accordance with GAAP $ 0.0     (87.0)   87.0  
Ending balance (in shares) at Dec. 31, 2024 672,000,000   672,000,000        
Ending balance at Dec. 31, 2024 $ 13,355.0   $ 1.0 $ 12,502.0   $ 852.0