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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
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent [Member]
Excluding Life Funds Withheld Assets
AOCI Attributable to Parent [Member]
Life Funds Withheld Assets
Retained Earnings (Deficit)
Non-controlling Interest in Equity of Consolidated Subsidiaries
Balance, beginning of year at Dec. 31, 2016       $ 2,669 $ 8,068,503 $ 715,546     $ 2,151,794 $ 2,022,167
Issuance of common shares       10            
Buybacks of common shares       (51) (154,065)       (46,372)  
Exercise of stock options       9            
Exercise of stock options         23,287          
Share-based compensation         (3,564)       (5,782)  
Reclassification due to adoption of new accounting pronouncement | Accounting Standards Update 2016-01           0     0  
Reclassification due to adoption of new accounting pronouncement | Accounting Standards Update 2018-02           0     0  
Change in net unrealized gains (losses) on investments AFS, 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 investments, net of tax (2,462)         (2,462)        
Change in net unrealized gains (losses) on other investments, net of tax 1,269         1,269        
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                   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
Balance, beginning of year at Dec. 31, 2017 11,461,320     2,560 7,757,940 889,431     1,198,386 1,613,003
Issuance of common shares       7            
Buybacks of common shares       0 (1,191)       (471)  
Exercise of stock options       15            
Exercise of stock options         48,163          
Share-based compensation         4,983       (7,075)  
Reclassification due to adoption of new accounting pronouncement | Accounting Standards Update 2016-01 (221,856) [1]         (221,856)     221,856  
Reclassification due to adoption of new accounting pronouncement | Accounting Standards Update 2018-02 3,903         3,903     (3,903)  
Change in net unrealized gains (losses) on investments AFS, net of tax   $ (330,728) $ (35,754)       $ (330,728) $ (35,754)    
Change in adjustments related to future policy benefit reserves, net of tax 4,164         4,164        
Change in net unrealized gains (losses) on affiliate investments, net of tax 2,148         2,148        
Change in net unrealized gains (losses) on other investments, net of tax 0         0        
Change in OTTI losses recognized in other comprehensive income, net of tax 3,616         3,616        
Change in underfunded pension liability, net of tax (189)         (189)        
Change in value of cash flow hedge (48)         (48)        
Foreign currency translation adjustments, net of tax (2,432)         (2,432)        
Net income (loss) attributable to common shareholders 152,648               152,648  
Dividends on common shares                 (57,644)  
Non-controlling interests - contributions                   438
Non-controlling interests                   (7,361)
Non-controlling interest share in change in accumulated other comprehensive income (loss)                   613
Balance, end of year at Mar. 31, 2018 $ 11,235,222     $ 2,582 $ 7,809,895 $ 312,255     $ 1,503,797 $ 1,606,693
[1] The reclassification out of AOCI due to the adoption of ASU 2016-01 includes $233.8 million of net unrealized gains less $11.9 million of deferred tax on net unrealized gains as discussed in Note 1(b), "Significant Accounting Policies - Recent Accounting Pronouncements."