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Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Non-cumulative preferred shares
Common shares
Additional paid-in capital
Retained earnings
Retained earnings
Cumulative effect of an accounting change
Retained earnings
Balance at beginning of period, as adjusted
Accumulated other comprehensive income (loss), net of deferred income tax
Unrealized appreciation (decline) in value of available-for-sale securities, net of deferred income tax
Foreign currency translation adjustments, net of deferred income tax
Common shares held in treasury, at cost
Balance at beginning of period at Dec. 31, 2019   $ 780,000 $ 638 $ 1,889,683 $ 11,021,006 $ (22,452) $ 10,998,554 $ 212,091 $ 258,486 $ (46,395) $ (2,406,047)
Preferred shares issued   0                  
Common shares issued, net     4                
Amortization of share-based compensation       41,210              
Issue costs on preferred shares       0              
Other changes       4,621              
Net income (loss) $ 377,715       377,715            
Net (income) loss attributable to noncontrolling interests 65,223       65,223            
Preferred share dividends (20,806)       (20,806)            
Unrealized holding gains (losses) during period, net of reclassification adjustment                 146,889    
Unrealized holding gains (losses) during period attributable to noncontrolling interests                 13,112    
Foreign currency translation adjustments (22,438)                 (22,438)  
Foreign currency translation adjustments attributable to noncontrolling interests                   (166)  
Shares repurchased for treasury                     (88,458)
Balance at end of period at Jun. 30, 2020 11,991,825 780,000 642 1,935,514 11,420,686     349,488 418,487 (68,999) (2,494,505)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2020 679,089                    
Total shareholders’ equity at Jun. 30, 2020 12,670,914                    
Balance at beginning of period at Mar. 31, 2020   780,000 642 1,921,487 11,132,268 0 11,132,268 21,944 113,149 (91,205) (2,489,097)
Preferred shares issued   0                  
Common shares issued, net     0                
Amortization of share-based compensation       13,160              
Issue costs on preferred shares       0              
Other changes       867              
Net income (loss) 466,389       466,389            
Net (income) loss attributable to noncontrolling interests (167,568)       (167,568)            
Preferred share dividends (10,403)       (10,403)            
Unrealized holding gains (losses) during period, net of reclassification adjustment                 325,405    
Unrealized holding gains (losses) during period attributable to noncontrolling interests                 (20,067)    
Foreign currency translation adjustments 22,251                 22,251  
Foreign currency translation adjustments attributable to noncontrolling interests                   (45)  
Shares repurchased for treasury                     (5,408)
Balance at end of period at Jun. 30, 2020 11,991,825 780,000 642 1,935,514 11,420,686     349,488 418,487 (68,999) (2,494,505)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2020 679,089                    
Total shareholders’ equity at Jun. 30, 2020 12,670,914                    
Balance at beginning of period at Dec. 31, 2020 13,105,886 780,000 643 1,977,794 12,362,463 0 12,362,463 488,895 501,295 (12,400) (2,503,909)
Preferred shares issued   500,000                  
Common shares issued, net     4                
Amortization of share-based compensation       57,063              
Issue costs on preferred shares       (14,179)              
Other changes       8,241              
Net income (loss) 1,194,372       1,194,372            
Net (income) loss attributable to noncontrolling interests (80,730)       (80,730)            
Preferred share dividends (22,069)       (22,069)            
Unrealized holding gains (losses) during period, net of reclassification adjustment                 (241,029)    
Unrealized holding gains (losses) during period attributable to noncontrolling interests                 4,436    
Foreign currency translation adjustments (22,379)                 (22,379)  
Foreign currency translation adjustments attributable to noncontrolling interests                   125  
Shares repurchased for treasury                     (503,669)
Balance at end of period at Jun. 30, 2021 13,986,072 1,280,000 647 2,028,919 13,454,036     230,048 264,702 (34,654) (3,007,578)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2021 918,874                    
Total shareholders’ equity at Jun. 30, 2021 $ 14,904,946                    
Accounting Standards Update us-gaap:AccountingStandardsUpdate201613Member                    
Balance at beginning of period at Mar. 31, 2021   780,000 645 2,014,741 12,790,216 $ 0 $ 12,790,216 205,827 246,711 (40,884) (2,694,957)
Preferred shares issued   500,000                  
Common shares issued, net     2                
Amortization of share-based compensation       16,490              
Issue costs on preferred shares       (14,179)              
Other changes       11,867              
Net income (loss) $ 718,664       718,664            
Net (income) loss attributable to noncontrolling interests (43,178)       (43,178)            
Preferred share dividends (11,666)       (11,666)            
Unrealized holding gains (losses) during period, net of reclassification adjustment                 18,024    
Unrealized holding gains (losses) during period attributable to noncontrolling interests                 (33)    
Foreign currency translation adjustments 6,205                 6,205  
Foreign currency translation adjustments attributable to noncontrolling interests                   25  
Shares repurchased for treasury                     (312,621)
Balance at end of period at Jun. 30, 2021 13,986,072 $ 1,280,000 $ 647 $ 2,028,919 $ 13,454,036     $ 230,048 $ 264,702 $ (34,654) $ (3,007,578)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2021 918,874                    
Total shareholders’ equity at Jun. 30, 2021 $ 14,904,946