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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
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, 2020   $ 780,000 $ 643 $ 1,977,794 $ 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                
Balance at beginning of period at Mar. 31, 2021   780,000 645 2,014,741 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                
Balance at beginning of period at Dec. 31, 2021 13,545,896 830,000 648 2,085,075 14,455,868 (64,600) 13,486 (78,086) (3,761,095)
Preferred shares issued   0              
Common shares issued, net     4            
Amortization of share-based compensation       66,505          
Issue costs on preferred shares       0          
Other changes       19,081          
Net income (loss) 601,377       601,377        
Net (income) loss attributable to noncontrolling interests (1,233)       (1,233)        
Preferred share dividends (20,368)       (20,368)        
Unrealized holding gains (losses) during period, net of reclassification adjustment             (1,122,372)    
Unrealized holding gains (losses) during period attributable to noncontrolling interests             0    
Foreign currency translation adjustments (71,293)             (71,293)  
Foreign currency translation adjustments attributable to noncontrolling interests               0  
Shares repurchased for treasury                 (600,031)
Balance at end of period at Jun. 30, 2022 12,417,566 830,000 652 2,170,661 15,035,644 (1,258,265) (1,108,886) (149,379) (4,361,126)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2022 0                
Total shareholders’ equity at Jun. 30, 2022 12,417,566                
Balance at beginning of period at Mar. 31, 2022   830,000 651 2,134,241 14,641,484 (649,445) (568,591) (80,854) (4,037,342)
Preferred shares issued   0              
Common shares issued, net     1            
Amortization of share-based compensation       21,137          
Issue costs on preferred shares       0          
Other changes       15,283          
Net income (loss) 403,945       403,945        
Net (income) loss attributable to noncontrolling interests 399       399        
Preferred share dividends (10,184)       (10,184)        
Unrealized holding gains (losses) during period, net of reclassification adjustment             (540,295)    
Unrealized holding gains (losses) during period attributable to noncontrolling interests             0    
Foreign currency translation adjustments (68,525)             (68,525)  
Foreign currency translation adjustments attributable to noncontrolling interests               0  
Shares repurchased for treasury                 (323,784)
Balance at end of period at Jun. 30, 2022 12,417,566 $ 830,000 $ 652 $ 2,170,661 $ 15,035,644 $ (1,258,265) $ (1,108,886) $ (149,379) $ (4,361,126)
Non-redeemable noncontrolling interests, end of period at Jun. 30, 2022 0                
Total shareholders’ equity at Jun. 30, 2022 $ 12,417,566