XML 24 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Net premiums earned $ 111,089 $ 175,277 $ 197,287
Net investment income:      
Securities available-for-sale and short-term 270,525 337,774 281,049
Other investments 2,192 23,179 32,318
Total net investment income 272,717 360,953 313,367
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (3,260) (54,625) (89,700)
Portion of other-than-temporary impairment recognized in other comprehensive income 22 34,454 67,881
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net (3,238) (20,171) (21,819)
Realized Investment Gains (Losses) 111,624 5,366 39,284
Derivative, Gain (Loss) on Derivative, Net 6,990 75,937 (30,167)
Net realized gains on extinguishment of debt 3,121 4,920 4,845
Other income 4,922 214 18,070
Income (loss) on variable interest entities 3,436 19,670 (14,093)
Total revenues 510,661 622,166 506,774
Expenses:      
Losses and loss expenses (benefit) (223,613) 513,186 (11,489)
Insurance intangible amortization 107,281 150,854 174,608
Operating expenses 112,204 122,436 114,285
Interest expense 242,256 119,941 124,344
Total expenses 238,128 906,417 401,748
Pre-tax income (loss) 272,533 (284,251) 105,026
Provision for income taxes 5,134 44,464 30,709
Net income (loss) 267,399 (328,715) 74,317
Less: net gain (loss) attributable to noncontrolling interest 0 0 (526)
Net income (loss) attributable to common stockholders 185,713 (328,715) 74,843
Other comprehensive income (loss), after tax:      
Net income (loss) 267,399 (328,715) 74,317
Unrealized gains (losses) on securities, net of income tax provision (benefit) of $2,366, $0 and $0 55,148 (81,520) 67,900
Gains (losses) on foreign currency translation, net of income tax provision (benefit) of $0, $0 and $0 (47,893) 73,586 (122,128)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax 935    
Credit risk changes of fair value option liabilities, net of income tax provision (benefit) of $161, $0 and $0 (1,766) 1,273 23
Total other comprehensive income (loss), net of income tax 6,424 (6,661) (54,205)
Total comprehensive income (loss) 273,823 (335,376) 20,112
Less: comprehensive (loss) gain attributable to the noncontrolling interest:      
Net gain 0 0 (526)
Total comprehensive income (loss) attributable to common stockholders 192,137 $ (335,376) $ 20,638
AMPS Exchange Loss Based on Carry Value $ 81,686    
Basic $ 4.07 $ (7.25) $ 1.66
Diluted $ 3.99 $ (7.25) $ 1.64