XML 139 R120.htm IDEA: XBRL DOCUMENT v3.20.4
INCOME TAXES - Effective tax rate (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Reconciliation of effective tax rate (% of income before income taxes) [Line Items]      
Unrecognized tax benefits $ 0 $ 0  
Income (loss) before income taxes      
Bermuda (domestic) (45,951,000) 179,418,000 $ 181,597,000
Foreign (86,794,000) 167,747,000 (168,062,000)
 Total income (loss) before income taxes $ (132,745,000) $ 347,165,000 $ 13,535,000
Reconciliation of effective tax rate (% of income before income taxes)      
Expected tax rate 0.00% 0.00% 0.00%
Valuation allowance (1.70%) 1.30% (13.40%)
Net tax exempt income 0.00% 0.00% (3.30%)
Other (2.10%) (3.00%) 5.90%
Actual tax rate 9.30% 6.80% (217.90%)
U.S.      
Reconciliation of effective tax rate (% of income before income taxes)      
Foreign taxes at local expected rates 5.60% 8.10% 65.70%
Europe      
Reconciliation of effective tax rate (% of income before income taxes)      
Foreign taxes at local expected rates 9.20% 0.40% (289.70%)
Change in enacted tax rate (1.70%) 0.00% 16.90%