v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Available-for-sale securities, amortized cost $ 5,137,549 $ 6,516,016
Available-for-sale securities, allowance for credit losses $ (360) $ (1,609)
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) 105,133,008 104,806,311
Common shares outstanding (in shares) 105,133,008 104,806,311
Total assets [1] $ 8,831,469 $ 10,859,217
Total liabilities [1] 7,086,584 9,071,290
Variable Interest Entity, Primary Beneficiary    
Total assets 101,575 155,807
Total liabilities $ 99,371 $ 127,174
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). At June 30, 2026 and December 31, 2025, assets of the VIEs totaled $101,575 and $155,807, and liabilities of the VIEs totaled $99,371 and $127,174, respectively. See Note 3 - Variable Interest Entities for additional information.