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Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022						December 31, 2021
			Redeemable noncontrolling interest - DaVinciRe			$	1,762,677					$	1,499,451
			Redeemable noncontrolling interest - Medici			1,052,560						856,820
			Redeemable noncontrolling interest - Vermeer			1,269,417						1,197,782
			Redeemable noncontrolling interest - Fontana			268,143						—
			Redeemable noncontrolling interests			$	4,352,797					$	3,554,053

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

						Three months ended												Six months ended
						June 30, 2022						June 30, 2021						June 30, 2022						June 30, 2021
			Redeemable noncontrolling interest - DaVinciRe			$	58,822					$	84,266					$	33,499					$	44,332
			Redeemable noncontrolling interest - Medici			(26,887)						11,989						(32,174)						(1,454)
			Redeemable noncontrolling interest - Vermeer			22,937						17,289						41,635						23,816
			Redeemable noncontrolling interest - Fontana			(5,541)						—						(5,541)						—
			Net income (loss) attributable to redeemable noncontrolling interests			$	49,331					$	113,544					$	37,419					$	66,694

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

						Three months ended												Six months ended
						June 30, 2022						June 30, 2021						June 30, 2022						June 30, 2021
			Beginning balance			$	1,775,503					$	1,555,714					$	1,499,451					$	1,560,693
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(74,141)						2,676						(161,569)						(153,295)
			Sale of shares to redeemable noncontrolling interests, net of adjustments			2,493						—						391,296						190,926
			Net income (loss) attributable to redeemable noncontrolling interest			58,822						84,266						33,499						44,332
			Ending balance			$	1,762,677					$	1,642,656					$	1,762,677					$	1,642,656

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

						Three months ended												Six months ended
						June 30, 2022						June 30, 2021						June 30, 2022						June 30, 2021
			Beginning balance			$	941,912					$	737,702					$	856,820					$	717,999
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(20,204)						(46)						(97,112)						(7,745)
			Sale of shares to redeemable noncontrolling interests			157,739						130,675						325,026						171,520
			Net income (loss) attributable to redeemable noncontrolling interest			(26,887)						11,989						(32,174)						(1,454)
			Ending balance			$	1,052,560					$	880,320					$	1,052,560					$	880,320

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

						Three months ended												Six months ended
						June 30, 2022						June 30, 2021						June 30, 2022						June 30, 2021
			Beginning balance			$	1,246,480					$	1,116,154					$	1,197,782					$	1,109,627
			Sale of shares to redeemable noncontrolling interest			—						—						30,000						—
			Net income (loss) attributable to redeemable noncontrolling interest			22,937						17,289						41,635						23,816
			Ending balance			$	1,269,417					$	1,133,443					$	1,269,417					$	1,133,443

						Three months ended												Six months ended
						June 30, 2022						June 30, 2021						June 30, 2022						June 30, 2021
			Beginning balance			$	—					$	—					$	—					$	—
			Sale of shares to redeemable noncontrolling interest			273,684						—						273,684						—
			Net income (loss) attributable to redeemable noncontrolling interest			(5,541)						—						(5,541)						—
			Ending balance			$	268,143					$	—					$	268,143					$	—

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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.

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