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Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 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:

			At December 31,			2020						2019
			Redeemable noncontrolling interest - DaVinciRe			$	1,560,693					$	1,435,581
			Redeemable noncontrolling interest - Medici			717,999						632,112
			Redeemable noncontrolling interest - Vermeer			1,109,627						1,003,615
			Redeemable noncontrolling interests			$	3,388,319					$	3,071,308

A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:

			Year ended December 31,			2020						2019						2018
			Redeemable noncontrolling interest - DaVinciRe			$	113,671					$	127,084					$	27,638
			Redeemable noncontrolling interest - Medici			55,970						25,759						13,926
			Redeemable noncontrolling interest - Vermeer			61,012						48,626						(11)
			Net income attributable to redeemable noncontrolling interests			$	230,653					$	201,469					$	41,553

The activity in redeemable noncontrolling interest – DaVinciRe is detailed in the table below:

			Year ended December 31,			2020						2019
			Beginning balance			$	1,435,581					$	1,034,946
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			1,450						(1,148)
			Sale of shares to redeemable noncontrolling interests			9,991						274,699
			Net income attributable to redeemable noncontrolling interests			113,671						127,084
			Ending balance			$	1,560,693					$	1,435,581

The activity in redeemable noncontrolling interest – Medici is detailed in the table below:

			Year ended December 31,			2020						2019
			Beginning balance			$	632,112					$	416,765
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(107,386)						(47,401)
			Sale of shares to redeemable noncontrolling interests			137,303						236,989
			Net income attributable to redeemable noncontrolling interests			55,970						25,759
			Ending balance			$	717,999					$	632,112

The activity in redeemable noncontrolling interest – Vermeer is detailed in the table below:

			Year ended December 31,			2020						2019
			Beginning balance			$	1,003,615					$	599,989
			Sale of shares to redeemable noncontrolling interest			45,000						355,000
			Net income attributable to redeemable noncontrolling interest			61,012						48,626
			Ending balance			$	1,109,627					$	1,003,615

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- References

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

No definition available.

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