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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       11            
Buybacks of common shares       (111) (333,747)       (116,772)  
Exercise of stock options       17            
Exercise of stock options         42,614          
Share-based compensation         13,543       (6,089)  
Change in net unrealized gains (losses) on investments AFS, net of tax   $ 178,477 $ (32,064)       $ 178,477 $ (32,064)    
Change in adjustments related to future policy benefit reserves, net of tax $ 8,569         8,569        
Change in net unrealized gains (losses) on affiliate investments, net of tax (1,457)         (1,457)        
Change in net unrealized gains (losses) on other investments, net of tax 9,338         9,338        
Change in OTTI losses recognized in other comprehensive income, net of tax 2,939         2,939        
Change in underfunded pension liability, net of tax (933)         (933)        
Change in value of cash flow hedge (96)         (96)        
Foreign currency translation adjustments, net of tax 40,846         40,846        
Net income (loss) attributable to common shareholders 454,463               454,463  
Dividends on common shares                 (117,508)  
Non-controlling interests - contributions                   25
Non-controlling interests - distributions                   (6,093)
Non-controlling interests                   5,459
Non-controlling interest share in change in accumulated other comprehensive income (loss)                   297
Balance, end of year at Jun. 30, 2017 13,102,407     2,586 7,790,913 921,165     2,365,888 2,021,855
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 (1,405)       (651)  
Exercise of stock options       21            
Exercise of stock options         62,507          
Share-based compensation         22,262       (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   $ (509,195) $ (134,785)       $ (509,195) $ (134,785)    
Change in adjustments related to future policy benefit reserves, net of tax 46,478         46,478        
Change in net unrealized gains (losses) on affiliate investments, net of tax 2,275         2,275        
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 5,612         5,612        
Change in underfunded pension liability, net of tax 224         224        
Change in value of cash flow hedge (95)         (95)        
Foreign currency translation adjustments, net of tax (30,728)         (30,728)        
Net income (loss) attributable to common shareholders 471,644               471,644  
Dividends on common shares                 (115,402)  
Non-controlling interests - contributions                   1,924
Non-controlling interests - distributions                   (12,153)
Non-controlling interests                   (6,552)
Non-controlling interest share in change in accumulated other comprehensive income (loss)                   773
Balance, end of year at Jun. 30, 2018 $ 11,257,006     $ 2,588 $ 7,841,304 $ 51,264     $ 1,764,855 $ 1,596,995
[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."