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UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Excluding Life Funds Withheld Assets
Life Funds Withheld Assets
Common Shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Excluding Life Funds Withheld Assets
Accumulated Other Comprehensive Income (Loss)
Life Funds Withheld Assets
Retained Earnings (Deficit)
Non-controlling Interest in Equity of Consolidated Subsidiaries
Balance, beginning of year at Dec. 31, 2015       $ 2,947 $ 8,910,167 $ 686,616     $ 2,077,349 $ 1,977,384
Issuance of common shares       15 7          
Buybacks of common shares       (99) (301,354)       (54,447)  
Exercise of stock options       0            
Exercise of stock options         490          
Share-based compensation         (584)       (3,475)  
Change in net unrealized gains (losses) on investments, net of tax   $ 363,883 $ 51,990       $ 363,883 $ 51,990    
Change in adjustments related to future policy benefit reserves, net of tax $ 17,035         17,035        
Change in net unrealized gains (losses) on affiliate and other investments, net of tax (9,707)         (9,707)        
Change in OTTI losses recognized in other comprehensive income, net of tax 2,267         2,267        
Change in underfunded pension liability, net of tax (1,049)         (1,049)        
Change in value of cash flow hedge (39)         (39)        
Foreign currency translation adjustments, net of tax (16,439)         (16,439)        
Net income (loss) attributable to common shareholders 21,885               21,885  
Dividends on common shares                 (58,714)  
Non-controlling interests - contributions                   882
Non-controlling interests - distributions                   (3,030)
Non-controlling interests                   3,679
Non-controlling interest share in change in accumulated other comprehensive income (loss)                   59
Balance, end of year at Mar. 31, 2016 13,667,718     2,863 8,608,726 1,094,557     1,982,598 1,978,974
Balance, beginning of year at Dec. 31, 2016 12,960,679     2,669 8,068,503 715,546     2,151,794 2,022,167
Issuance of common shares       10 8          
Buybacks of common shares (200,500)     (51) (154,065)       (46,372)  
Exercise of stock options       9            
Exercise of stock options         23,287          
Share-based compensation         (3,572)       (5,782)  
Change in net unrealized gains (losses) on investments, net of tax   $ 102,622 $ (20,108)       $ 102,622 $ (20,108)    
Change in adjustments related to future policy benefit reserves, net of tax 5,132         5,132        
Change in net unrealized gains (losses) on affiliate and other investments, net of tax (1,193)         (1,193)        
Change in OTTI losses recognized in other comprehensive income, net of tax 1,442         1,442        
Change in underfunded pension liability, net of tax (357)         (357)        
Change in value of cash flow hedge (48)         (48)        
Foreign currency translation adjustments, net of tax 41,938         41,938        
Net income (loss) attributable to common shareholders 152,843               152,843  
Dividends on common shares                 (59,371)  
Non-controlling interests - contributions                   25
Non-controlling interests - distributions                   0
Non-controlling interests                   3,036
Non-controlling interest share in change in accumulated other comprehensive income (loss)                   514
Balance, end of year at Mar. 31, 2017 $ 13,000,626     $ 2,637 $ 7,934,161 $ 844,974     $ 2,193,112 $ 2,025,742