v3.26.1
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Retained Earnings 1 [Member]
AOCI Attributable to Parent
Treasury Stock, Common [Member]
Balance, beginning of period at Dec. 31, 2024   $ 685,000 $ 25,124 $ 1,887,193 $ 3,794,609   $ (75,638) $ (629,518)
Unit amortization, net of forfeitures       81,737        
Distributions under employee plans       (139,365)   $ (65,377)   84,175
Other       (157)   54    
Net Income (Loss) $ 208,047       208,047      
Dividends declared, Common         (105,485)      
Dividends declared, Preferred (18,600)       (18,641)      
Unrealized gains/(losses) on securities, net of tax 29,830 [1],[2]           29,830  
Foreign currency translation adjustment, net of tax 11,608 [1]           11,608  
Common stock repurchased (176,211)             (176,211)
Balance, end of period at Jun. 30, 2025 5,596,985 685,000 25,124 1,829,408 3,813,207   (34,200) (721,554)
Balance, beginning of period at Mar. 31, 2025   685,000 25,124 1,803,118 3,720,504   (51,751) (643,809)
Unit amortization, net of forfeitures       34,849        
Distributions under employee plans       (8,453)   (324)   5,293
Other       (106)        
Net Income (Loss) 155,055       155,055      
Dividends declared, Common         (52,707)      
Dividends declared, Preferred         (9,321)      
Unrealized gains/(losses) on securities, net of tax 9,016 [1],[2]           9,016  
Foreign currency translation adjustment, net of tax 8,535 [1]           8,535  
Common stock repurchased (83,038)             (83,038)
Balance, end of period at Jun. 30, 2025 5,596,985 685,000 25,124 1,829,408 3,813,207   (34,200) (721,554)
Balance, beginning of period at Dec. 31, 2025 5,977,317 685,000 25,124 1,907,949 4,163,363   (17,809) (786,310)
Unit amortization, net of forfeitures       98,919        
Distributions under employee plans       (149,655)   (80,616)   97,813
Other       (49)   5,531    
Net Income (Loss) 477,896       477,896      
Dividends declared, Common         (115,342)      
Dividends declared, Preferred (18,600)       (18,641)      
Unrealized gains/(losses) on securities, net of tax (7,305) [1],[2]           (7,305)  
Foreign currency translation adjustment, net of tax (4,136) [1]           (4,136)  
Common stock repurchased (268,491)             (268,491)
Balance, end of period at Jun. 30, 2026 6,013,241 685,000 25,124 1,857,164 4,432,191   (29,250) (956,988)
Balance, beginning of period at Mar. 31, 2026   685,000 25,124 1,821,332 4,269,894   (27,209) (789,659)
Unit amortization, net of forfeitures       45,897        
Distributions under employee plans       (9,942)   516   4,754
Other       (123)   $ 2,297    
Net Income (Loss) 226,477       226,477      
Dividends declared, Common         (57,672)      
Dividends declared, Preferred         (9,321)      
Unrealized gains/(losses) on securities, net of tax (954) [1],[2]           (954)  
Foreign currency translation adjustment, net of tax (1,087) [1]           (1,087)  
Common stock repurchased (172,083)             (172,083)
Balance, end of period at Jun. 30, 2026 $ 6,013,241 $ 685,000 $ 25,124 $ 1,857,164 $ 4,432,191   $ (29,250) $ (956,988)
[1] Net of tax benefit of $0.7 million and tax expense of $6.7 million for the three months ended June 30, 2026 and 2025, respectively. Net of tax benefit of $3.5 million and tax expense of $13.8 million for the six months ended June 30, 2026 and 2025, respectively.
[2] There were no reclassifications to earnings for the six months ended June 30, 2026 and 2025.