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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 52,992 $ 163,575
Other comprehensive income/(loss), net of tax:    
Changes in unrealized gains/(losses) on available-for-sale securities [1],[2] 20,814 (8,204)
Foreign currency translation adjustment [1] 3,073 (1,644)
Total other comprehensive income/(loss), net of tax 23,887 (9,848)
Comprehensive income $ 76,879 $ 153,727
[1] Net of a tax expense of $4.7 million and tax benefit of $3.3 million for the three months ended March 31, 2025 and 2024, respectively.
[2] There were no reclassifications to earnings for the three months ended March 31, 2025 and 2024.