v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Add'l Paid in Capital (Deficit)
Accumulated Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance, shares (in shares) at Dec. 31, 2024   29,200,000 101,158,891      
Beginning balance at Dec. 31, 2024 $ 2,809,153 $ 730,000 $ 1,012 $ (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    
Adjustments To Additional Paid In Capital, Treasury Share Adjustments 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      
Ending balance at Mar. 31, 2025 2,395,027 $ 880,000 $ 1,012 888,798 555,720 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      
Ending balance at Jun. 30, 2025 2,484,742 $ 880,000 $ 1,012 889,462 660,912 53,356
Beginning balance, shares (in shares) at Dec. 31, 2025   35,200,000 101,158,891      
Beginning balance at Dec. 31, 2025 2,585,679 $ 880,000 $ 1,012 892,620 767,038 45,009
Preferred shares issued (in shares)   7,000,000        
Preferred shares issued 169,057 $ 175,000   (5,943)    
Net income (loss) 106,444       106,444  
Other comprehensive income (loss) 3,648         3,648
Contributed capital from Parent for executive compensation 1,250     1,250    
Distributions to Parent [1] (74)       (74)  
Dividend to Parent (200,000)       (200,000)  
Preferred shares dividend declared (18,184)       (18,184)  
Ending balance, shares (in shares) at Mar. 31, 2026   42,200,000 101,158,891      
Ending balance at Mar. 31, 2026 2,647,820 $ 1,055,000 $ 1,012 887,927 655,224 48,657
Preferred shares issued (157)     (157)    
Net income (loss) 105,664       105,664  
Other comprehensive income (loss) 6,729         6,729
Contributed capital from Parent for executive compensation 1,250     1,250    
Distributions to Parent [1] (1)       (1)  
Dividend to Parent (200,000)          
Preferred shares dividend declared (19,169)       (19,169)  
Ending balance, shares (in shares) at Jun. 30, 2026   42,200,000 101,158,891      
Ending balance at Jun. 30, 2026 $ 2,742,136 $ 1,055,000 $ 1,012 $ 889,020 $ 741,718 $ 55,386
[1] (1)    Represents expenses paid on behalf of Parent