v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Preferred shares
Common shares (par value)
Additional paid-in capital
Accumulated other comprehensive income (loss)
Unrealized gains (losses) on available for sale investments, net of tax:
Cumulative foreign currency translation adjustments, net of tax:
Retained earnings
Treasury shares, at cost
Balance at beginning of period at Dec. 31, 2024   $ 550,000 $ 2,206 $ 2,394,063 $ (267,557) $ (225,617) $ (41,940) $ 7,341,569 $ (3,930,902)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased                 (515,596)
Treasury shares reissued       (30,464)         32,495
Share-based compensation expense       21,060          
Other comprehensive income (loss) $ 245,847         229,980 15,867    
Net income 417,427             417,427  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (70,625)  
Balance at end of period at Jun. 30, 2025 6,174,398 550,000 2,206 2,384,659 (21,710) 4,363 (26,073) 7,673,246 (4,414,003)
Balance at beginning of period at Mar. 31, 2025   550,000 2,206 2,374,804 (152,376) (110,280) (42,096) 7,492,484 (4,364,319)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased                 (51,090)
Treasury shares reissued       (1,406)         1,406
Share-based compensation expense       11,261          
Other comprehensive income (loss) 130,666         114,643 16,023    
Net income 223,358             223,358  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (35,033)  
Balance at end of period at Jun. 30, 2025 6,174,398 550,000 2,206 2,384,659 (21,710) 4,363 (26,073) 7,673,246 (4,414,003)
Balance at beginning of period at Dec. 31, 2025 6,356,435 550,000 2,206 2,405,792 28,431 55,990 (27,559) 8,181,699 (4,811,693)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased                 (179,709)
Treasury shares reissued       (35,696)         37,731
Share-based compensation expense       29,041          
Other comprehensive income (loss) (136,234)         (128,589) (7,645)    
Net income 512,859             512,859  
Preferred share dividends [1]               (15,125)  
Common share dividends [1]               (66,092)  
Balance at end of period at Jun. 30, 2026 6,503,210 550,000 2,206 2,399,137 (107,803) (72,599) (35,204) 8,613,341 (4,953,671)
Balance at beginning of period at Mar. 31, 2026   550,000 2,206 2,394,568 (97,128) (66,508) (30,620) 8,395,795 (4,864,805)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares repurchased                 (97,474)
Treasury shares reissued       (8,608)         8,608
Share-based compensation expense       13,177          
Other comprehensive income (loss) (10,675)         (6,091) (4,584)    
Net income 258,095             258,095  
Preferred share dividends [1]               (7,563)  
Common share dividends [1]               (32,986)  
Balance at end of period at Jun. 30, 2026 $ 6,503,210 $ 550,000 $ 2,206 $ 2,399,137 $ (107,803) $ (72,599) $ (35,204) $ 8,613,341 $ (4,953,671)
[1] Refer to Note 9 'Shareholders' Equity' for details on dividends declared and paid related to the Company's common and preferred shares.