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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net premiums earned $ 10,466 $ 25,640 $ 46,057 $ 82,359
Net investment income:        
Securities available-for-sale and short-term 36,330 49,985 161,211 222,278
Net investment income 44,537 58,332 185,838 235,234
Other-than-temporary impairment losses:        
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities (42) (266) (71) (1,617)
Portion of other-than-temporary impairment recognized in other comprehensive income 0 0 0 38
Net other-than-temporary impairments (42) (266) (71) (1,579)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 18,471 30,201 71,564 82,211
Change in fair value of credit derivatives:        
Unrealized gains (losses)     1,037 (609)
Derivative, Gain (Loss) on Derivative, Net (9,890) 17,583 (61,461) 51,706
Net realized gains (losses) on extinguishment of debt 0 0 0 3,121
Other Operating Income (Expense), Net 141,376 694 133,270 2,676
Income (loss) on variable interest entities 11,244 1,831 30,459 2,982
Total revenues 216,162 134,015 405,656 458,710
Expenses:        
Losses and loss expenses (benefit) 37,139 33,501 (83,934) (181,315)
Insurance intangible amortization 17,421 26,421 279,941 78,299
Operating expenses 25,622 28,368 79,627 90,865
Interest expense 66,925 65,673 202,284 176,192
Total expenses 147,107 153,963 477,918 164,041
Pre-tax income (loss) 69,055 (19,948) (72,262) 294,669
Provision for income taxes 2,939 2,211 33,252 6,811
Net income (loss) 66,116 (22,159) (105,514) 287,858
AMPS Exchange Loss Based on Carry Value 0 81,686 0 81,686
Net income (loss) attributable to common stockholders 66,116 (103,845) (105,514) 206,172
Other comprehensive income (loss), after tax:        
Net income (loss) 66,116 (22,159) (105,514) 287,858
Unrealized gains (losses) on securities, net of income tax provision (benefit) of $777, $(625), $(6,827) and $(1,211) 31,285 60,807 102,686 183,686
Gains (losses) on foreign currency translation, net of income tax provision (benefit) of $0, $0, $0 and $0 (23,570) (8,873) (27,532) (29,806)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax (74) 340 245 548
Changes to postretirement benefit, net of income tax provision (benefit) of $0, $0, $0 and $0 (322) (303) (277) (1,464)
Total other comprehensive income, net of income tax 7,319 51,971 75,122 152,964
Total comprehensive income (loss) 73,435 29,812 (30,392) 440,822
Less: comprehensive (gain) loss attributable to the noncontrolling interest:        
Total comprehensive income (loss) attributable to common stockholders $ 73,435 $ (51,874) $ (30,392) $ 359,136
Earnings Per Share, Basic $ 1.44 $ (2.27) $ (2.30) $ 4.52
Earnings Per Share, Diluted $ 1.41 $ (2.27) $ (2.30) $ 4.43
Weighted Average Number of Shares Outstanding, Basic 45,997,694 45,749,252 45,939,284 45,635,483
Weighted Average Number of Shares Outstanding, Diluted 47,020,058 45,749,252 45,939,284 46,510,795