v3.25.2
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Treasury Shares
Add'l Paid in Capital (Deficit)
Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance, shares (in shares) at Dec. 31, 2023   29,200,000 101,158,891 0      
Beginning balance at Dec. 31, 2023 $ 2,936,998 $ 730,000 $ 1,012 $ 0 $ (308,114) $ 2,428,531 $ 85,569
Net income (loss) 125,543         125,543  
Other comprehensive income (loss) 23,518           23,518
Contributed capital from Parent for executive compensation 820       820    
Distributions to Parent [1] (913)         (913)  
Dividend to Parent (200,000)         (200,000)  
Preferred shares dividend declared (13,028)         (13,028)  
Ending balance, shares (in shares) at Mar. 31, 2024   29,200,000 101,158,891 0      
Ending balance at Mar. 31, 2024 2,872,938 $ 730,000 $ 1,012 $ 0 (307,294) 2,340,133 109,087
Net income (loss) 77,436         77,436  
Other comprehensive income (loss) 570           570
Contributed capital from Parent for executive compensation 820       820    
Distributions to Parent [1] (3,992)         (3,992)  
Preferred shares dividend declared (13,028)         (13,028)  
Ending balance, shares (in shares) at Jun. 30, 2024   29,200,000 101,158,891 0      
Ending balance at Jun. 30, 2024 2,934,744 $ 730,000 $ 1,012 $ 0 (306,474) 2,400,549 109,657
Beginning balance, shares (in shares) at Dec. 31, 2024   29,200,000 101,158,891 0      
Beginning balance at Dec. 31, 2024 2,809,153 $ 730,000 $ 1,012 $ 0 (304,274) 2,289,072 93,343
Preferred shares issued (in shares)   6,000,000          
Preferred shares issued 144,560 $ 150,000     (5,440)    
Net income (loss) 144,773         144,773  
Other comprehensive income (loss) (23,846)           (23,846)
Contributed capital from Parent for executive compensation 960       960    
Adjustment related to Treasury shares 0       1,203,220 (1,203,220)  
Distributions to Parent (516,306)       (5,668) (510,638)  
Dividend to Parent (150,000)         (150,000)  
Preferred shares dividend declared (14,267)         (14,267)  
Ending balance, shares (in shares) at Mar. 31, 2025   35,200,000 101,158,891 0      
Ending balance at Mar. 31, 2025 2,395,027 $ 880,000 $ 1,012 $ 0 888,798 555,720 69,497
Preferred shares issued (296)       (296)    
Net income (loss) 125,724         125,724  
Other comprehensive income (loss) (16,141)           (16,141)
Contributed capital from Parent for executive compensation 960       960    
Distributions to Parent [1] (4,644)         (4,644)  
Preferred shares dividend declared (15,888)         (15,888)  
Ending balance, shares (in shares) at Jun. 30, 2025   35,200,000 101,158,891 0      
Ending balance at Jun. 30, 2025 $ 2,484,742 $ 880,000 $ 1,012 $ 0 $ 889,462 $ 660,912 $ 53,356
[1]
(1)    Represents expenses paid on behalf of Parent