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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred shares
Common shares (par value)
Additional paid-in capital
Accumulated other comprehensive income (loss)
Unrealized gains (losses) on available for sale investments, net of tax:
Cumulative foreign currency translation adjustments, net of tax:
Retained earnings
Treasury shares, at cost
Balance at beginning of period at Dec. 31, 2022   $ 550,000 $ 2,206 $ 2,366,253 $ (760,300) $ (743,695) $ (16,605) $ 6,247,022 $ (3,765,271)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (33,575)         35,279
Share-based compensation expense       43,000          
Unrealized gains (losses) arising during the period, net of reclassification adjustment $ (10,837)         (10,837)      
Foreign currency translation adjustment (4,302)           (4,302)    
Net income 518,870             518,870  
Preferred share dividends [1]               (22,688)  
Common share dividends [1]               (115,025)  
Shares repurchased                 (17,424)
Balance at end of period at Sep. 30, 2023 5,033,208 550,000 2,206 2,375,678 (775,439) (754,532) (20,907) 6,628,179 (3,747,416)
Balance at beginning of period at Jun. 30, 2023   550,000 2,206 2,361,185 (630,509) (616,552) (13,957) 6,485,901 (3,747,822)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (779)         779
Share-based compensation expense       15,272          
Unrealized gains (losses) arising during the period, net of reclassification adjustment (137,980)         (137,980)      
Foreign currency translation adjustment (6,950)           (6,950)    
Net income 188,098             188,098  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (38,257)  
Shares repurchased                 (373)
Balance at end of period at Sep. 30, 2023 5,033,208 550,000 2,206 2,375,678 (775,439) (754,532) (20,907) 6,628,179 (3,747,416)
Balance at beginning of period at Dec. 31, 2023 5,263,196 550,000 2,206 2,383,030 (365,836) (347,659) (18,177) 6,440,528 (3,746,732)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (28,354)         30,598
Share-based compensation expense       31,229          
Unrealized gains (losses) arising during the period, net of reclassification adjustment 297,282         297,282      
Foreign currency translation adjustment (8,184)           (8,184)    
Net income 788,153             788,153  
Preferred share dividends [1]               (22,688)  
Common share dividends [1]               (113,176)  
Shares repurchased                 (154,829)
Balance at end of period at Sep. 30, 2024 6,083,227 550,000 2,206 2,385,905 (76,738) (50,377) (26,361) 7,092,817 (3,870,963)
Balance at beginning of period at Jun. 30, 2024   550,000 2,206 2,376,244 (394,968) (366,037) (28,931) 6,957,185 (3,831,196)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury shares reissued       (538)         538
Share-based compensation expense       10,199          
Unrealized gains (losses) arising during the period, net of reclassification adjustment 315,660         315,660      
Foreign currency translation adjustment 2,570           2,570    
Net income 180,728             180,728  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (37,533)  
Shares repurchased                 (40,305)
Balance at end of period at Sep. 30, 2024 $ 6,083,227 $ 550,000 $ 2,206 $ 2,385,905 $ (76,738) $ (50,377) $ (26,361) $ 7,092,817 $ (3,870,963)
[1] Refer to Note 10 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.