XML 123 R108.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Reconciliation of effective tax rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Tax Disclosure [Abstract]      
Expected income tax expense (benefit) computed on pre-tax income at weighted average income tax rate $ 110,337 $ 158,269 $ 111,947
Addition (reduction) in income tax expense (benefit) resulting from:      
Investment income (12,762) (23,572) (1,824)
State taxes, net of U.S. federal tax benefit 10,650 20,978 5,027
Dividend withholding taxes 10,559 12,211 7,105
Change in valuation allowance (22,726) (40,425) 13,190
Base eroding tax 7,694 0 0
Share based compensation (9,159) (5,339) (2,533)
Tax credits (9,736) 0 0
Intercompany loan write-off (3,544) 0 (22,083)
Other (1,352) 6,460 1,009
Income tax expense $ 79,961 $ 128,582 $ 111,838