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Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2021

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:

						March 31, 2021						December 31, 2020
			Redeemable noncontrolling interest - DaVinciRe			$	1,555,714					$	1,560,693
			Redeemable noncontrolling interest - Medici			737,702						717,999
			Redeemable noncontrolling interest - Vermeer			1,116,154						1,109,627
			Redeemable noncontrolling interests			$	3,409,570					$	3,388,319

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

												Three months ended
																		March 31, 2021						March 31, 2020
			Redeemable noncontrolling interest - DaVinciRe															$	(39,934)					$	84,906
			Redeemable noncontrolling interest - Medici															(13,443)						(4,678)
			Redeemable noncontrolling interest - Vermeer															6,527						17,863
			Net (loss) income attributable to redeemable noncontrolling interests															$	(46,850)					$	98,091

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

												Three months ended
																		March 31, 2021						March 31, 2020
			Beginning balance															$	1,560,693					$	1,435,581
			Redemption of shares from redeemable noncontrolling interest, net of adjustments															(155,971)						2,607
			Sale of shares to redeemable noncontrolling interests															190,926						9,991
			Net (loss) income attributable to redeemable noncontrolling interest															(39,934)						84,906
			Ending balance															$	1,555,714					$	1,533,085

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

												Three months ended
																		March 31, 2021						March 31, 2020
			Beginning balance															$	717,999					$	632,112
			Redemption of shares from redeemable noncontrolling interest, net of adjustments															(7,699)						(4,764)
			Sale of shares to redeemable noncontrolling interests															40,845						54,613
			Net loss attributable to redeemable noncontrolling interest															(13,443)						(4,678)
			Ending balance															$	737,702					$	677,283

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

												Three months ended
																		March 31, 2021						March 31, 2020
			Beginning balance															$	1,109,627					$	1,003,615
			Net income attributable to redeemable noncontrolling interest															6,527						17,863
			Ending balance															$	1,116,154					$	1,021,478

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- References

No definition available.

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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.

+ Details

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