v3.26.3
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       116,951        
Distributions under employee plans       (142,162)   $ (65,632)   86,099
Other       (386)   69    
Net Income (Loss) $ 419,418       419,418      
Dividends declared, Common         (159,374)      
Dividends declared, Preferred (28,000)       (27,961)      
Unrealized gains/(losses) on securities, net of tax 41,798 [1],[2]           41,798  
Foreign currency translation adjustment, net of tax 7,994 [1]           7,994  
Common stock repurchased (207,449)             (207,449)
Balance, end of period at Sep. 30, 2025 5,756,135 685,000 25,124 1,861,596 3,961,129   (25,846) (750,868)
Balance, beginning of period at Jun. 30, 2025   685,000 25,124 1,829,408 3,813,207   (34,200) (721,554)
Unit amortization, net of forfeitures       35,214        
Distributions under employee plans       (2,797)   (255)   1,924
Other       (229)   15    
Net Income (Loss) 211,371       211,371      
Dividends declared, Common         (53,889)      
Dividends declared, Preferred         (9,320)      
Unrealized gains/(losses) on securities, net of tax 11,968 [1],[2]           11,968  
Foreign currency translation adjustment, net of tax (3,614) [1]           (3,614)  
Common stock repurchased (31,238)             (31,238)
Balance, end of period at Sep. 30, 2025 5,756,135 685,000 25,124 1,861,596 3,961,129   (25,846) (750,868)
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       142,789        
Distributions under employee plans       (149,739)   (85,097)   100,856
Other       (292)   6,624    
Net Income (Loss) 712,039       712,039      
Dividends declared, Common         (172,105)      
Dividends declared, Preferred (28,000)       (27,961)      
Unrealized gains/(losses) on securities, net of tax (63,209) [1],[2]           (63,209)  
Foreign currency translation adjustment, net of tax (4,587) [1]           (4,587)  
Common stock repurchased (390,467)             (390,467)
Balance, end of period at Sep. 30, 2026 6,046,168 685,000 25,124 1,900,707 4,596,863   (85,605) (1,075,921)
Balance, beginning of period at Jun. 30, 2026   685,000 25,124 1,857,164 4,432,191   (29,250) (956,988)
Unit amortization, net of forfeitures       43,870        
Distributions under employee plans       (84)   (4,481)   3,043
Other       (243)   $ 1,093    
Net Income (Loss) 234,143       234,143      
Dividends declared, Common         (56,763)      
Dividends declared, Preferred         (9,320)      
Unrealized gains/(losses) on securities, net of tax (55,904) [1],[2]           (55,904)  
Foreign currency translation adjustment, net of tax (451) [1]           (451)  
Common stock repurchased (121,976)             (121,976)
Balance, end of period at Sep. 30, 2026 $ 6,046,168 $ 685,000 $ 25,124 $ 1,900,707 $ 4,596,863   $ (85,605) $ (1,075,921)
[1] Net of tax benefit of $18.2 million and tax expense of $3.0 million for the three months ended September 30, 2026 and 2025, respectively. Net of tax benefit of $21.2 million and tax expense of $17.1 million for the nine months ended September 30, 2026 and 2025, respectively.
[2] There were no reclassifications to earnings for the nine months ended September 30, 2026 and 2025.