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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Net premiums earned $ 7,833 $ 25,836 $ 35,591 $ 56,719
Net investment income:        
Securities available-for-sale and short-term 78,329 61,742 124,881 172,293
Net investment income 86,459 66,662 141,301 176,902
Other-than-temporary impairment losses:        
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities 0 (1,010) (29) (1,351)
Portion of other-than-temporary impairment recognized in other comprehensive income 0 (4) 0 38
Net other-than-temporary impairments 0 (1,014) (29) (1,313)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 35,860 47,148 53,093 52,010
Change in fair value of credit derivatives:        
Unrealized gains (losses)     598 (760)
Derivative, Gain (Loss) on Derivative, Net (35,412) 8,932 (51,571) 34,123
Net realized gains (losses) on extinguishment of debt 0 6 0 3,121
Other Operating Income (Expense), Net (8,908) 2,491 (8,106) 1,982
Income (loss) on variable interest entities 3,294 577 19,215 1,151
Total revenues 89,126 150,638 189,494 324,695
Expenses:        
Losses and loss expenses (benefit) (133,480) 32,579 (121,073) (214,816)
Insurance intangible amortization 226,242 23,242 262,520 51,878
Operating expenses 29,090 26,063 54,005 62,497
Interest expense 67,381 62,446 135,359 110,519
Total expenses 189,233 144,330 330,811 10,078
Pre-tax income (loss) (100,107) 6,308 (141,317) 314,617
Provision for income taxes 28,322 1,995 30,313 4,600
Net income (loss) (128,429) 4,313 (171,630) 310,017
Net income (loss) attributable to common stockholders (128,429) 4,313 (171,630) 310,017
Other comprehensive income (loss), after tax:        
Net income (loss) (128,429) 4,313 (171,630) 310,017
Unrealized gains (losses) on securities, net of income tax provision (benefit) of $(7,005), $1,122, $(7,603) and $(586) 15,238 575 71,401 122,879
Gains (losses) on foreign currency translation, net of income tax provision (benefit) of $0, $0, $0 and $0 (18,533) (52,989) (3,962) (20,933)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 163 (906) 319 208
Changes to postretirement benefit, net of income tax provision (benefit) of $0, $0, $0 and $0 (322) (302) 45 (1,161)
Total other comprehensive income, net of income tax (3,454) (53,622) 67,803 100,993
Total comprehensive income (loss) (131,883) (49,309) (103,827) 411,010
Less: comprehensive (gain) loss attributable to the noncontrolling interest:        
Total comprehensive income (loss) attributable to common stockholders $ (131,883) $ (49,309) $ (103,827) $ 411,010
Earnings Per Share, Basic $ (2.79) $ 0.09 $ (3.74) $ 6.80
Earnings Per Share, Diluted $ (2.79) $ 0.09 $ (3.74) $ 6.73
Weighted Average Number of Shares Outstanding, Basic 45,986,043 45,683,058 45,909,595 45,577,656
Weighted Average Number of Shares Outstanding, Diluted 45,986,043 46,472,375 45,909,595 46,097,647