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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent
Treasury Stock, Common [Member]
Balance, beginning of period at Dec. 31, 2022   $ 685,000 $ 16,749 $ 1,928,069 $ 3,169,095 $ (117,960) $ (352,482)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       77,564      
Distributions under employee plans       (149,064) (69,829)   136,222
Other       9 1,825    
Net income $ 291,891       291,891    
Dividends declared, Common         (87,565)    
Dividends declared, Preferred         (18,640)    
Unrealized gains/(losses) on securities, net of tax 9,059 [1],[2]         9,059  
Foreign currency translation adjustment, net of tax 4,386 [1]         4,386  
Common stock repurchased (181,341)           (181,342)
Balance, end of period at Jun. 30, 2023 5,342,987 685,000 16,749 1,856,578 3,286,777 (104,515) (397,602)
Balance, beginning of period at Mar. 31, 2023   685,000 16,749 1,830,637 3,209,815 (91,821) (322,988)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       37,783      
Distributions under employee plans       (11,844) (6,056)   12,207
Other       2 1,823    
Net income 134,352       134,352    
Dividends declared, Common         (43,837)    
Dividends declared, Preferred         (9,320)    
Unrealized gains/(losses) on securities, net of tax (13,651) [1],[2]         (13,651)  
Foreign currency translation adjustment, net of tax 957 [1]         957  
Common stock repurchased (86,821)           (86,821)
Balance, end of period at Jun. 30, 2023 5,342,987 685,000 16,749 1,856,578 3,286,777 (104,515) (397,602)
Balance, beginning of period at Dec. 31, 2023 5,294,431 685,000 16,749 1,905,097 3,398,610 (74,326) (636,699)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       80,969      
Distributions under employee plans       (149,698) (90,845)   138,669
Other       193 442    
Net income 328,869       328,869    
Dividends declared, Common         (97,420)    
Dividends declared, Preferred         (18,641)    
Unrealized gains/(losses) on securities, net of tax (8,237) [1],[2]         (8,237)  
Foreign currency translation adjustment, net of tax (2,218) [1]         (2,218)  
Common stock repurchased (78,306)           (78,307)
Balance, end of period at Jun. 30, 2024 5,398,207 685,000 16,749 1,836,561 3,521,015 (84,781) (576,337)
Balance, beginning of period at Mar. 31, 2024   685,000 16,749 1,805,717 3,414,744 (84,174) (564,095)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       38,812      
Distributions under employee plans       (7,893) (885)   5,355
Other       (75) (5)    
Net income 165,294       165,294    
Dividends declared, Common         (48,812)    
Dividends declared, Preferred         (9,321)    
Unrealized gains/(losses) on securities, net of tax (33) [1],[2]         (33)  
Foreign currency translation adjustment, net of tax (574) [1]         (574)  
Common stock repurchased (17,597)           (17,597)
Balance, end of period at Jun. 30, 2024 $ 5,398,207 $ 685,000 $ 16,749 $ 1,836,561 $ 3,521,015 $ (84,781) $ (576,337)
[1] Net of tax benefits of $0.2 million and $4.4 million for the three months ended June 30, 2024 and 2023, respectively. Net of a tax benefit of $3.7 million and tax expense of 4.6 million for the six months ended June 30, 2024 and 2023, respectively.
[2] There were no reclassifications to earnings for the six months ended June 30, 2024. There were no reclassifications to earnings for the three months ended June 30, 2023. Net of reclassifications to earnings of realized losses of $5.6 million for the six months ended June 30, 2023.