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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent
Treasury Stock, Common [Member]
Balance, beginning of period at Dec. 31, 2023   $ 685,000 $ 16,749 $ 1,905,097 $ 3,398,610 $ (74,326) $ (636,699)
Unit amortization, net of forfeitures       119,399      
Distributions under employee plans       (152,308) (92,168)   141,001
Other       280 (2,252)    
Net Income (Loss) $ 487,374       487,374    
Dividends declared, Common         (146,127)    
Dividends declared, Preferred         (27,961)    
Unrealized gains on securities, net of tax 31,174 [1],[2]         31,174  
Foreign currency translation adjustment, net of tax 2,766 [1]         2,766  
Common stock repurchased (98,529)           (98,529)
Balance, end of period at Sep. 30, 2024 5,557,080 685,000 16,749 1,872,468 3,617,476 (40,386) (594,227)
Balance, beginning of period at Jun. 30, 2024   685,000 16,749 1,836,561 3,521,015 (84,781) (576,337)
Unit amortization, net of forfeitures       38,430      
Distributions under employee plans       (2,610) (1,323)   2,332
Other       87 (2,694)    
Net Income (Loss) 158,505       158,505    
Dividends declared, Common         (48,707)    
Dividends declared, Preferred         (9,320)    
Unrealized gains on securities, net of tax 39,411 [1],[2]         39,411  
Foreign currency translation adjustment, net of tax 4,984 [1]         4,984  
Common stock repurchased (20,222)           (20,222)
Balance, end of period at Sep. 30, 2024 5,557,080 685,000 16,749 1,872,468 3,617,476 (40,386) (594,227)
Balance, beginning of period at Dec. 31, 2024 5,686,770 685,000 16,749 1,895,568 3,794,609 (75,638) (629,518)
Unit amortization, net of forfeitures       116,951      
Distributions under employee plans       (142,162) (65,632)   86,099
Other       (386) 69    
Net Income (Loss) 419,418       419,418    
Dividends declared, Common         (159,374)    
Dividends declared, Preferred         (27,961)    
Unrealized gains on securities, net of tax 41,798 [1],[2]         41,798  
Foreign currency translation adjustment, net of tax 7,994 [1]         7,994  
Common stock repurchased (207,449)           (207,449)
Balance, end of period at Sep. 30, 2025 5,756,135 685,000 16,749 1,869,971 3,961,129 (25,846) (750,868)
Balance, beginning of period at Jun. 30, 2025   685,000 16,749 1,837,783 3,813,207 (34,200) (721,554)
Unit amortization, net of forfeitures       35,214      
Distributions under employee plans       (2,797) (255)   1,924
Other       (229) 15    
Net Income (Loss) 211,371       211,371    
Dividends declared, Common         (53,889)    
Dividends declared, Preferred         (9,320)    
Unrealized gains on securities, net of tax 11,968 [1],[2]         11,968  
Foreign currency translation adjustment, net of tax (3,614) [1]         (3,614)  
Common stock repurchased (31,238)           (31,238)
Balance, end of period at Sep. 30, 2025 $ 5,756,135 $ 685,000 $ 16,749 $ 1,869,971 $ 3,961,129 $ (25,846) $ (750,868)
[1] Net of a tax expense of $3.0 million and $16.3 million for the three months ended September 30, 2025 and 2024, respectively. Net of a tax expense of $17.1 million and $12.2 million for the nine months ended September 30, 2025 and 2024, respectively.
[2] There were no reclassifications to earnings for the nine months ended September 30, 2025 and 2024.