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Noncontrolling Interests (Tables)

12 Months Ended

Dec. 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:

			At December 31,			2021						2020
			Redeemable noncontrolling interest - DaVinciRe			$	1,499,451					$	1,560,693
			Redeemable noncontrolling interest - Medici			856,820						717,999
			Redeemable noncontrolling interest - Vermeer			1,197,782						1,109,627
			Redeemable noncontrolling interests			$	3,554,053					$	3,388,319

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

			Year ended December 31,			2021						2020						2019
			Redeemable noncontrolling interest - DaVinciRe			$	(102,932)					$	113,671					$	127,084
			Redeemable noncontrolling interest - Medici			1,492						55,970						25,759
			Redeemable noncontrolling interest - Vermeer			38,155						61,012						48,626
			Net income (loss) attributable to redeemable noncontrolling interests			$	(63,285)					$	230,653					$	201,469

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

			Year ended December 31,			2021						2020
			Beginning balance			$	1,560,693					$	1,435,581
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(157,864)						1,450
			Sale of shares to redeemable noncontrolling interests			199,554						9,991
			Net income (loss) attributable to redeemable noncontrolling interests			(102,932)						113,671
			Ending balance			$	1,499,451					$	1,560,693

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

			Year ended December 31,			2021						2020
			Beginning balance			$	717,999					$	632,112
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(64,191)						(107,386)
			Sale of shares to redeemable noncontrolling interests			201,520						137,303
			Net income (loss) attributable to redeemable noncontrolling interests			1,492						55,970
			Ending balance			$	856,820					$	717,999

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

			Year ended December 31,			2021						2020
			Beginning balance			$	1,109,627					$	1,003,615
			Sale of shares to redeemable noncontrolling interest			50,000						45,000
			Net income (loss) attributable to redeemable noncontrolling interest			38,155						61,012
			Ending balance			$	1,197,782					$	1,109,627

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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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