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Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 68,161 $ 151,169 $ 360,052 $ 485,534
Other comprehensive income/(loss), net of tax:        
Changes in unrealized losses on available-for-sale securities [1],[2] (26,172) (54,290) (17,113) (189,820)
Foreign currency translation adjustment [1] (3,472) 20,692 914 41,461
Total other comprehensive loss, net of tax (29,644) (33,598) (16,199) (148,359)
Comprehensive income $ 38,517 $ 117,571 $ 343,853 $ 337,175
[1] Net of tax benefit of $17.9 million and $12.1 million for the three months ended September 30, 2023 and 2022, respectively. Net of tax benefit of $6.3 million and $50.7 million for the nine months ended September 30, 2023 and 2022, respectively.
[2] There were no reclassifications to earnings for the three months ended September 30, 2023. Net of reclassifications to earnings of realized losses of $5.6 million for the nine months ended September 30, 2023. There were no reclassifications to earnings for the three and nine months ended September 30, 2022.