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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, 2023   $ 685,000 $ 16,749 $ 1,905,097 $ 3,398,610 $ (74,326) $ (636,699)
Unit amortization, net of forfeitures       80,969      
Distributions under employee plans       (149,698) (90,845)   138,669
Other       193 442    
Net Income (Loss) $ 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)
Unit amortization, net of forfeitures       38,812      
Distributions under employee plans       (7,893) (885)   5,355
Other       (75) (5)    
Net Income (Loss) 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)
Balance, beginning of period at Dec. 31, 2024 5,686,770 685,000 16,749 1,895,568 3,794,609 (75,638) (629,518)
Unit amortization, net of forfeitures       81,737      
Distributions under employee plans       (139,365) (65,377)   84,175
Other       (157) 54    
Net Income (Loss) 208,047       208,047    
Dividends declared, Common         (105,485)    
Dividends declared, Preferred         (18,641)    
Unrealized gains/(losses) on securities, net of tax 29,830 [1],[2]         29,830  
Foreign currency translation adjustment, net of tax 11,608 [1]         11,608  
Common stock repurchased (176,211)           (176,211)
Balance, end of period at Jun. 30, 2025 5,596,985 685,000 16,749 1,837,783 3,813,207 (34,200) (721,554)
Balance, beginning of period at Mar. 31, 2025   685,000 16,749 1,811,493 3,720,504 (51,751) (643,809)
Unit amortization, net of forfeitures       34,849      
Distributions under employee plans       (8,453) (324)   5,293
Other       (106)      
Net Income (Loss) 155,055       155,055    
Dividends declared, Common         (52,707)    
Dividends declared, Preferred         (9,321)    
Unrealized gains/(losses) on securities, net of tax 9,016 [1],[2]         9,016  
Foreign currency translation adjustment, net of tax 8,535 [1]         8,535  
Common stock repurchased (83,038)           (83,038)
Balance, end of period at Jun. 30, 2025 $ 5,596,985 $ 685,000 $ 16,749 $ 1,837,783 $ 3,813,207 $ (34,200) $ (721,554)
[1] Net of a tax expense of $6.7 million and tax benefit of $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Net of a tax expense of $13.8 million and tax benefit of $3.7 million for the six months ended June 30, 2025 and 2024, respectively.
[2] There were no reclassifications to earnings for the six months ended June 30, 2025 and 2024.