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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       113,426      
Distributions under employee plans       (156,080) (73,069)   143,071
Other       9 1,826    
Net Income (Loss) $ 360,052       360,052    
Dividends declared, Common         (130,800)    
Dividends declared, Preferred         (27,961)    
Unrealized gains/(losses) on securities, net of tax (17,113) [1],[2]         (17,113)  
Foreign currency translation adjustment, net of tax 914 [1]         914  
Common stock repurchased (300,152)           (300,152)
Balance, end of period at Sep. 30, 2023 5,242,594 685,000 16,749 1,885,424 3,299,143 (134,159) (509,563)
Balance, beginning of period at Jun. 30, 2023   685,000 16,749 1,856,578 3,286,777 (104,515) (397,602)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       35,862      
Distributions under employee plans       (7,016) (3,240)   6,849
Other         1    
Net Income (Loss) 68,161       68,161    
Dividends declared, Common         (43,235)    
Dividends declared, Preferred         (9,321)    
Unrealized gains/(losses) on securities, net of tax (26,172) [1],[2]         (26,172)  
Foreign currency translation adjustment, net of tax (3,472) [1]         (3,472)  
Common stock repurchased (118,810)           (118,810)
Balance, end of period at Sep. 30, 2023 5,242,594 685,000 16,749 1,885,424 3,299,143 (134,159) (509,563)
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       119,399      
Distributions under employee plans       (152,308) (92,168)   141,001
Other       280 (2,252)    
Net Income (Loss) 487,374       487,374    
Dividends declared, Common         (146,127)    
Dividends declared, Preferred         (27,961)    
Unrealized gains/(losses) on securities, net of tax 31,174 [1],[2]         31,174  
Foreign currency translation adjustment, net of tax 2,766 [1]         2,766  
Common stock repurchased (98,529)           (98,529)
Balance, end of period at Sep. 30, 2024 5,557,080 685,000 16,749 1,872,468 3,617,476 (40,386) (594,227)
Balance, beginning of period at Jun. 30, 2024   685,000 16,749 1,836,561 3,521,015 (84,781) (576,337)
Issuance of preferred stock   0          
Unit amortization, net of forfeitures       38,430      
Distributions under employee plans       (2,610) (1,323)   2,332
Other       87 (2,694)    
Net Income (Loss) 158,505       158,505    
Dividends declared, Common         (48,707)    
Dividends declared, Preferred         (9,320)    
Unrealized gains/(losses) on securities, net of tax 39,411 [1],[2]         39,411  
Foreign currency translation adjustment, net of tax 4,984 [1]         4,984  
Common stock repurchased (20,222)           (20,222)
Balance, end of period at Sep. 30, 2024 $ 5,557,080 $ 685,000 $ 16,749 $ 1,872,468 $ 3,617,476 $ (40,386) $ (594,227)
[1] Net of a tax expense of $16.3 million and tax benefit of $17.9 million for the three months ended September 30, 2024 and 2023, respectively. Net of a tax expense of $12.2 million and tax benefit of $6.3 million for the nine months ended September 30, 2024 and 2023, respectively.
[2] There were no reclassifications to earnings for the nine months ended September 30, 2024. 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.