v3.25.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Available-for-sale securities, amortized cost $ 8,436,743 $ 7,697,027
Available-for-sale securities, allowance for credit losses $ (2,235) $ (2,866)
Preferred stock par value per share (in usd per share) $ 0.01 $ 0.01
Preferred shares authorized (in shares) 100,000,000 100,000,000
Preferred shares issued (in shares) 24,870,817 24,870,817
Preferred shares outstanding (in shares) 24,870,817 24,870,817
Preferred stock liquidation preference $ 621,770 $ 621,770
Common stock par value per share (in usd per share) $ 0.01 $ 0.01
Common shares authorized (in shares) 175,000,000 175,000,000
Common shares issued (in shares) 104,132,453 103,680,321
Common shares outstanding (in shares) 104,132,453 103,680,321
Total Assets [1] $ 12,959,138 $ 12,204,319
Total Liabilities [1] 11,073,112 10,081,810
Variable Interest Entity, Primary Beneficiary    
Total Assets 144,486 163,317
Total Liabilities $ 141,443 $ 134,931
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At June 30, 2025 and December 31, 2024, assets of the VIEs totaled $144,486 and $163,317, and liabilities of the VIEs totaled $141,443 and $134,931, respectively. See Note 4 - Variable Interest Entities for additional information.