Basic earnings per ordinary share (“EPS”) is calculated by dividing net income attributable to shareholders by the weighted average number of ordinary shares outstanding, plus any participating securities. Diluted EPS is calculated by dividing net income attributable to shareholders by the weighted average number of ordinary shares outstanding, plus any participating securities and potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share data)	2026		2025		2026		2025
Net income	$	150,608	$	117,718	$	413,601	$	385,502
Less: Dividends on preferred shares	1,544		3,709		8,962		13,533
Less: Loss on redemption of preferred shares	—		—		3,800		6,327
Net income attributable to shareholders	$	149,064	$	114,009	$	400,839	$	365,642
Weighted Average Ordinary Shares Outstanding - Basic	102,667,105		102,569,415		102,613,229		102,560,285
Weighted Average Ordinary Shares Outstanding - Diluted	104,106,460		103,966,650		104,059,963		103,951,713

Earnings per share:
Basic	$	1.45	$	1.11	$	3.91	$	3.57
Diluted	$	1.43	$	1.10	$	3.85	$	3.52

During the three and nine months ended September 30, 2026, the Company issued 578 and 1,493 ordinary shares, respectively, to certain directors as compensation (2025 - 835 and 1,511, respectively).

In February 2025, the Company redeemed in full the outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares at a redemption price equal to $25.00 per share in cash, plus $2.4 million of accumulated and unpaid distributions thereon to, but not including, the redemption date of February 16, 2025.

In June 2026, the Company redeemed in full the outstanding 4,200,000 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares at a redemption price equal to $25.00 per share in cash.

On September 15, 2026, the Company’s Board of Directors authorized and approved a share repurchase program (the “Share Repurchase Program”) under which the Company may repurchase up to $500 million of its outstanding ordinary shares. The Company’s repurchases under the Share Repurchase Program may be made from time to time at management’s discretion on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.

During the three months ended September 30, 2026, the Company repurchased and cancelled 260.2 thousand ordinary shares at an aggregate cost of $49.95 million and an average price of $192.00 per ordinary share. At September 30, 2026, $450.05 million remained available for repurchase under the share repurchase program.

Refer to Note 14 “Subsequent Events” for additional information related to the share repurchase program subsequent to September 30, 2026.