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Consolidated Statements Of Changes In Shareholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment
Revision of Prior Period, Adjustment
AOCI Attributable to Parent
AOCI Attributable to Parent
Cumulative Effect, Period of Adoption, Adjustment
Revision of Prior Period, Adjustment
Treasury Stock at Cost [Member]
Noncontrolling Interest
Parent [Member]
Balance, beginning of year at Dec. 31, 2017   $ 150,000 $ 16,329 $ 1,727,765 $ 1,033,526   $ (26,736)   $ (39,308)    
Distributions under employee plans     123 (60,256) (10,985)       28,655    
Common stock repurchased                 (170,204)    
Issuance of common stock for acquisitions     297 110,374              
Unit amortization, net of forfeitures       102,971              
Net income $ 393,968       393,968            
Dividends declared, Common         (41,450)            
Dividends declared, Preferred         (9,375)            
Dividends declared to equity-award holders       6,812              
Other       55 1,943            
Unrealized gains/(losses) on securities, net of tax (36,254) [1],[2],[3],[4]           (36,254)        
Unrealized losses on cash flow hedging activities, net of tax             (792)        
Foreign currency translation adjustment, net of tax (5,691) [2],[4]           (5,691)        
Capital contributions from non-controlling interest holders                   $ 30,000  
Balance, end of year at Dec. 31, 2018 3,197,593 150,000 16,749 1,887,721 1,366,503   (72,523)   (180,857) 30,000 $ 3,167,593
Cumulative adjustments for accounting changes [5]           $ (1,124)   $ (3,050)      
Distributions under employee plans       (91,898) (19,819)       76,627    
Common stock repurchased (215,400)               (215,430)    
Unit amortization, net of forfeitures       112,864              
Net income 448,396       449,986         1,590  
Dividends declared, Common         (50,743)            
Dividends declared, Preferred         (17,319)            
Issuance of preferred stock   160,000   (5,012)              
Other       28 (1,787)            
Unrealized gains/(losses) on securities, net of tax 60,288 [1],[2],[3],[4]           60,288        
Unrealized losses on cash flow hedging activities, net of tax             (4,402)        
Foreign currency translation adjustment, net of tax 4,932 [2],[4]           4,932        
Capital contributions from non-controlling interest holders                   26,800  
Distributions to non-controlling interest holders                   (3,391)  
Balance, end of year at Dec. 31, 2019 3,669,790 310,000 16,749 1,903,703 1,715,704   (11,705)   (319,660) 54,999 3,614,791
Cumulative adjustments for accounting changes [5]           (11,117)          
Distributions under employee plans       (126,514) (49,427)       70,182    
Common stock repurchased (58,300)               (58,261)    
Unit amortization, net of forfeitures       118,229              
Net income 503,472       503,472            
Dividends declared, Common         (56,967)            
Dividends declared, Preferred         (27,261)            
Issuance of preferred stock   225,000   (7,005)              
Dividends declared to equity-award holders       350              
Other       219 386            
Unrealized gains/(losses) on securities, net of tax 33,133 [1],[2],[3],[4]           33,133        
Unrealized losses on cash flow hedging activities, net of tax             (651)        
Foreign currency translation adjustment, net of tax 6,862 [2],[4]           6,862        
Deconsolidation of non-controlling interest                   $ (54,999)  
Balance, end of year at Dec. 31, 2020 $ 4,238,766 $ 535,000 $ 16,749 $ 1,888,982 $ 2,078,135   $ 27,639   $ (307,739)   $ 4,238,766
Cumulative adjustments for accounting changes [5]           $ (7,772)          
[1] As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to comprehensive income of $17.9 million. See Notes 2 and 7 for additional information on the transfer.
[2] Net of a tax expense of $11.5 million, tax expense of $20.2 million, and tax benefit of $11.2 million for the years ended December 31, 2020, 2019, and 2018, respectively.
[3] Reclassifications to earnings were immaterial for the years ended December 31, 2020 and 2019. Amounts are net of reclassifications to earnings of realized losses of $2.9 million for the year ended December 31, 2018.
[4] The adoption of ASU 2018-02 on January 1, 2018, resulted in a reclassification of $3.1 million to retained earnings related to cash flow hedges and investment portfolio risk. The reclassification is reflected in the activity for the year ended December 31, 2018. See Note 2 for further details.
[5] Cumulative adjustments for accounting changes relate to the adoption of certain accounting updates. See Note 2 of the Notes to Consolidated Financial Statements for additional information.