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Noncontrolling Interests (Tables)
6 Months Ended
Jun. 30, 2020
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Interest
A summary of the Company’s redeemable noncontrolling interests on its consolidated balance sheets is set forth below:
June 30,
2020
December 31, 2019
Redeemable noncontrolling interest - DaVinciRe$1,621,300  $1,435,581  
Redeemable noncontrolling interest - Medici
682,118  632,112  
Redeemable noncontrolling interest - Vermeer
1,083,681  1,003,615  
Redeemable noncontrolling interests$3,387,099  $3,071,308  
A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:
Three months endedSix months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Redeemable noncontrolling interest - DaVinciRe
$88,374  $59,855  $173,280  $122,388  
Redeemable noncontrolling interest - Medici
13,151  1,704  8,473  4,185  
Redeemable noncontrolling interest - Vermeer17,203  10,253  35,066  15,461  
Net income attributable to redeemable noncontrolling interests
$118,728  $71,812  $216,819  $142,034  
The activity in redeemable noncontrolling interest – DaVinciRe is detailed in the table below:
Three months endedSix months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Beginning balance$1,533,085  $1,097,245  $1,435,581  $1,034,946  
Redemption of shares from redeemable noncontrolling interest, net of adjustments
(159) (698) 2,448  (932) 
Sale of shares to redeemable noncontrolling interests
—  274,699  9,991  274,699  
Net income attributable to redeemable noncontrolling interest
88,374  59,855  173,280  122,388  
Ending balance$1,621,300  $1,431,101  $1,621,300  $1,431,101  
The activity in redeemable noncontrolling interest – Medici is detailed in the table below:
Three months endedSix months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Beginning balance$677,283  $406,958  $632,112  $416,765  
Redemption of shares from redeemable noncontrolling interest, net of adjustments
(44,474) (21,556) (49,238) (37,440) 
Sale of shares to redeemable noncontrolling interests
36,158  128,809  90,771  132,405  
Net income attributable to redeemable noncontrolling interest
13,151  1,704  8,473  4,185  
Ending balance$682,118  $515,915  $682,118  $515,915  
The activity in redeemable noncontrolling interest – Vermeer is detailed in the table below:
Three months endedSix months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Beginning balance$1,021,478  $605,197  $1,003,615  $599,989  
Sale of shares to redeemable noncontrolling interest
45,000  150,000  45,000  150,000  
Net income attributable to redeemable noncontrolling interest
17,203  10,253  35,066  15,461  
Ending balance$1,083,681  $765,450  $1,083,681  $765,450