XML 135 R116.htm IDEA: XBRL DOCUMENT v3.25.0.1
TAXATION- Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Expected income tax benefit (expense) $ (60,684) $ (103,963) $ 114,721
Nondeductible expenses (1,671) (535) (508)
Reinsurance adjustment 4,384 4,746 (1,265)
Effect of change in tax rate (160) (729) 7,461
OECD Pillar Two global minimum tax (16,603) 0 0
GAAP to statutory accounting difference (1,113) (1,781) (6,019)
Withholding tax (1,614) (1,078) (2,154)
Recognition of Bermuda net deferred tax asset 8,339 593,765 0
Change in valuation allowance 66,198 45,192 (62,133)
Foreign branch adjustments (30,998) (25,908) 11,656
Other 1,294 358 (2,740)
Income tax benefit (expense) $ (32,628) $ 510,067 $ 59,019