v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Treasury stock, at cost [Member]
Beginning balance, Shares at Dec. 31, 2024   215,887,001        
Issuance of shares under equity-based compensation plans, shares   7,422,270        
Shares surrendered under equity-based compensation plans   (1,858,264)        
Ending balance, Shares at Jun. 30, 2025   221,451,007        
Beginning balance at Dec. 31, 2024   $ 2.3 $ 2,514.2 $ (5,324.5) $ (344.5) $ (303.6)
Excise tax on Series A convertible preferred stock redemption       0.0    
Special distribution paid to common shareholders       0.0    
Issuance of shares under equity-based compensation plans   0.1 (0.1)      
Equity-based compensation     16.6      
Dividends on Series A convertible preferred stock     (34.0)      
Net income $ 815.8     815.8    
Other comprehensive income (loss), net of tax 228.0       228.0  
Net shares surrendered under equity-based compensation plans           (10.9)
Ending balance at Jun. 30, 2025 (2,440.6) $ 2.4 2,496.7 (4,508.7) (116.5) (314.5)
Beginning balance, Shares at Mar. 31, 2025   216,581,612        
Issuance of shares under equity-based compensation plans, shares   6,428,092        
Shares surrendered under equity-based compensation plans   (1,558,697)        
Ending balance, Shares at Jun. 30, 2025   221,451,007        
Beginning balance at Mar. 31, 2025   $ 2.2 2,504.8 (4,540.5) (209.6) (305.1)
Excise tax on Series A convertible preferred stock redemption       0.0    
Special distribution paid to common shareholders       0.0    
Issuance of shares under equity-based compensation plans   0.2 (0.1)      
Equity-based compensation     9.1      
Dividends on Series A convertible preferred stock     (17.1)      
Net income 31.8     31.8    
Other comprehensive income (loss), net of tax 93.1       93.1  
Net shares surrendered under equity-based compensation plans           (9.4)
Ending balance at Jun. 30, 2025 $ (2,440.6) $ 2.4 2,496.7 (4,508.7) (116.5) (314.5)
Beginning balance, Shares at Dec. 31, 2025 223,260,316 223,260,316        
Issuance of shares under equity-based compensation plans, shares   9,734,954        
Shares surrendered under equity-based compensation plans   (2,948,891)        
Ending balance, Shares at Jun. 30, 2026 223,260,316 230,046,379        
Beginning balance at Dec. 31, 2025 $ (1,004.1) $ 2.4 2,487.9 (3,040.8) (118.7) (334.9)
Excise tax on Series A convertible preferred stock redemption       (11.9)    
Special distribution paid to common shareholders (2,373.7)     (2,373.7)    
Issuance of shares under equity-based compensation plans   0.1 1.6      
Equity-based compensation     16.1      
Dividends on Series A convertible preferred stock     (1.7)      
Net income 5,803.1     5,803.1    
Other comprehensive income (loss), net of tax 119.5       119.5  
Net shares surrendered under equity-based compensation plans           (43.2)
Ending balance at Jun. 30, 2026 $ 2,505.8 $ 2.5 2,503.9 376.7 0.8 (378.1)
Beginning balance, Shares at Mar. 31, 2026   225,513,374        
Issuance of shares under equity-based compensation plans, shares   6,380,466        
Shares surrendered under equity-based compensation plans   (1,847,461)        
Ending balance, Shares at Jun. 30, 2026 223,260,316 230,046,379        
Beginning balance at Mar. 31, 2026   $ 2.5 2,491.7 2,454.4 1.1 (355.2)
Excise tax on Series A convertible preferred stock redemption       0.8    
Special distribution paid to common shareholders       (2,373.7)    
Issuance of shares under equity-based compensation plans   0.0 1.7      
Equity-based compensation     10.5      
Dividends on Series A convertible preferred stock     0.0      
Net income $ 295.2     295.2    
Other comprehensive income (loss), net of tax (0.3)       (0.3)  
Net shares surrendered under equity-based compensation plans           (22.9)
Ending balance at Jun. 30, 2026 $ 2,505.8 $ 2.5 $ 2,503.9 $ 376.7 $ 0.8 $ (378.1)