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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Ordinary shares
Additional Paid in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Deficit)
Non-controlling Interest in Equity of Consolidated Subsidiaries
Exclude Life Funds Withheld Assets
Exclude Life Funds Withheld Assets
Accumulated Other Comprehensive Income (Loss)
Life Funds Withheld Assets
Life Funds Withheld Assets
Accumulated Other Comprehensive Income (Loss)
Balance, beginning of year at Dec. 31, 2014   $ 2,552 $ 7,359,102 $ 1,484,458 $ 1,187,639 $ 1,402,015        
Issuance of ordinary shares   515 1,851,046              
Buybacks of ordinary shares   (125) (370,395)   (98,451)          
Exercise of stock options   5                
Exercise of stock options, net of tax     9,972              
Share based compensation expense     60,442   (7,177)          
Change in net unrealized gains (losses) on investments, net of tax             $ (530,030) $ (530,030) $ (421,604) $ (421,604)
Cumulative adjustments recorded to value of future policy benefit reserves, amount $ 170,688     170,688            
Change in net unrealized gains (losses) on affiliate and other investments, net of tax (6,074)     (6,074)            
Change in OTTI losses recognized in other comprehensive income, net of tax 18,545     18,545            
Change in underfunded pension liability (3,852)     (3,852)            
Change in value of cash flow hedge (200)     (200)            
Foreign currency translation adjustments (25,315)     (25,315)            
Net income (loss) attributable to common shareholders 1,207,152       1,207,152          
Dividends on ordinary shares         (211,814)          
Non-controlling interests – contributions           23,610        
Non-controlling interests - distributions           (19,001)        
Non-controlling interests - acquired           562,285        
Non-controlling interests - redeemed           0        
Non-controlling interests - net income (loss)           7,466        
Non-controlling interest share in change in accumulated other comprehensive income (loss)           1,009        
Balance, end of year at Dec. 31, 2015 13,654,463 2,947 8,910,167 686,616 2,077,349 1,977,384        
Issuance of ordinary shares   16 31              
Buybacks of ordinary shares   (302) (912,282)   (138,466)          
Exercise of stock options   8                
Exercise of stock options, net of tax     9,845              
Share based compensation expense     60,742   (3,646)          
Change in net unrealized gains (losses) on investments, net of tax             (72,638) (72,638) (4,502) (4,502)
Cumulative adjustments recorded to value of future policy benefit reserves, amount 62,295     62,295            
Change in net unrealized gains (losses) on affiliate and other investments, net of tax (57,820)     (57,820)            
Change in OTTI losses recognized in other comprehensive income, net of tax 6,550     6,550            
Change in underfunded pension liability (246)     (246)            
Change in value of cash flow hedge (182)     (182)            
Foreign currency translation adjustments 95,473     95,473            
Net income (loss) attributable to common shareholders 440,968       440,968          
Dividends on ordinary shares         (224,411)          
Non-controlling interests – contributions           47,524        
Non-controlling interests - distributions           (9,028)        
Non-controlling interests - acquired           0        
Non-controlling interests - redeemed           0        
Non-controlling interests - net income (loss)           7,309        
Non-controlling interest share in change in accumulated other comprehensive income (loss)           (1,022)        
Balance, end of year at Dec. 31, 2016 12,960,679 2,669 8,068,503 715,546 2,151,794 2,022,167        
Issuance of ordinary shares   11 17              
Buybacks of ordinary shares (571,600) (138) (416,630)   (154,847)          
Exercise of stock options   18                
Exercise of stock options, net of tax     50,616              
Share based compensation expense     55,434   (6,161)          
Change in net unrealized gains (losses) on investments, net of tax             $ 176,098 $ 176,098 $ (51,983) $ (51,983)
Cumulative adjustments recorded to value of future policy benefit reserves, amount 27,184     27,184            
Change in net unrealized gains (losses) on affiliate and other investments, net of tax (11,250)     (11,250)            
Change in OTTI losses recognized in other comprehensive income, net of tax 7,425     7,425            
Change in underfunded pension liability 2,531     2,531            
Change in value of cash flow hedge (192)     (192)            
Foreign currency translation adjustments 24,072     24,072            
Net income (loss) attributable to common shareholders (560,398)       (560,398)          
Dividends on ordinary shares         (232,002)          
Non-controlling interests – contributions           59,583        
Non-controlling interests - distributions           (26,092)        
Non-controlling interests - acquired           0        
Non-controlling interests - redeemed           (431,282)        
Non-controlling interests - net income (loss)           (10,557)        
Non-controlling interest share in change in accumulated other comprehensive income (loss)           (816)        
Balance, end of year at Dec. 31, 2017 $ 11,461,320 $ 2,560 $ 7,757,940 $ 889,431 $ 1,198,386 $ 1,613,003