2022 Q3 Form 10-Q Financial Statement

#000109507322000017 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $3.073B $2.835B $3.120B
YoY Change 5.04% -7.87% 1303.37%
Cost Of Revenue $2.623B $1.876B
YoY Change 15.33% 18.29%
Gross Profit $450.0M $958.4M
YoY Change -30.89% -35.7%
Gross Profit Margin 14.64% 33.81%
Selling, General & Admin $657.0M $645.3M $619.1M
YoY Change 12.86% -39.99% 17.93%
% of Gross Profit 146.0% 67.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.449B $2.691B $2.597B
YoY Change 15.06% -42.2% 1.8%
Operating Profit -$2.999B -$1.733B
YoY Change 27.81% -45.26%
Interest Expense -$161.0M -$213.3M -$23.36M
YoY Change 936.1% 582.72% 57.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$401.0M $119.1M $500.1M
YoY Change 357.14% -84.33% 318.81%
Income Tax -$82.00M -$3.507M $69.36M
% Of Pretax Income -2.94% 13.87%
Net Earnings -$319.0M $122.6M $430.7M
YoY Change 334.2% -81.97% 577.2%
Net Earnings / Revenue -10.38% 4.33% 13.8%
Basic Earnings Per Share -$8.22 $3.11
Diluted Earnings Per Share -$8.22 $3.11 $11.09M
COMMON SHARES
Basic Shares Outstanding 39.41M shares 38.90M shares 39.37M shares
Diluted Shares Outstanding 38.80M shares 38.90M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.679B $2.116B $1.441B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.079B $3.055B $2.920B
YoY Change 7.83% -88.23% 45.09%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $38.14B $37.91B $38.19B
YoY Change 4.2% 7.17% 16.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $39.00M $16.66M $17.35M
YoY Change 67.62% 72.85% -90.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $173.0M $82.81M $34.05M
YoY Change 55.9% -51.08% -91.11%
LONG-TERM LIABILITIES
Long-Term Debt $3.084B $3.089B $3.089B
YoY Change 61.39% 61.68% 61.71%
Other Long-Term Liabilities $658.0M $669.8M $800.6M
YoY Change -4.22% -13.0% 53.66%
Total Long-Term Liabilities $3.742B $3.759B $3.889B
YoY Change 44.04% 40.23% 59.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $173.0M $82.81M $34.05M
Total Long-Term Liabilities $3.742B $3.759B $3.889B
Total Liabilities $30.50B $29.05B $28.05B
YoY Change 14.52% 16.44% 22.02%
SHAREHOLDERS EQUITY
Retained Earnings $11.61B $11.99B $11.70B
YoY Change 2.47% 4.62% 10.72%
Common Stock $1.000M $700.0K $698.0K
YoY Change 43.27% 0.29% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.907B $3.849B $3.847B
YoY Change 2.22% 5.08% 6.22%
Treasury Stock Shares 30.80M shares 30.53M shares 30.52M shares
Shareholders Equity $7.649B $8.853B $10.14B
YoY Change
Total Liabilities & Shareholders Equity $38.14B $37.91B $38.19B
YoY Change 4.2% 7.17% 16.73%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$319.0M $122.6M $430.7M
YoY Change 334.2% -81.97% 577.2%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.118B $715.5M $1.043B
YoY Change -3.83% -1.12% 52.68%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.439B -$335.5M -$1.767B
YoY Change 48.5% -50.45% -9.56%
Cash From Investing Activities -$1.439B -$335.5M -$1.767B
YoY Change 48.5% -50.45% -9.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -132.4M -66.03M 1.087B
YoY Change -40.73% -18.25% -4.36%
NET CHANGE
Cash From Operating Activities 1.118B 715.5M 1.043B
Cash From Investing Activities -1.439B -335.5M -1.767B
Cash From Financing Activities -132.4M -66.03M 1.087B
Net Change In Cash -453.5M 314.0M 362.8M
YoY Change 1413.34% -1015.62% -370.36%
FREE CASH FLOW
Cash From Operating Activities $1.118B $715.5M $1.043B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.11
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
16.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
25.50
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.11
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.95
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.55
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.10
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8852866000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
10416789000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
8852866000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
3949973000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
72061000 usd
re Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
103527000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1897536000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
333000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
772148000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
599737000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
437815000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
474663000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
112398000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4070949000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
10416789000 usd
us-gaap Profit Loss
ProfitLoss
420381000 usd
us-gaap Profit Loss
ProfitLoss
1021844000 usd
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
223030000 usd
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
499647000 usd
us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
51451000 usd
us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
79485000 usd
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
236849000 usd
us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
-15836000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
100230000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-76452000 usd
us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
109716000 usd
us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
71566000 usd
us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
1360076000 usd
us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
1139879000 usd
us-gaap Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
-2089000 usd
us-gaap Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
-1226000 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
176631000 usd
us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
500077000 usd
us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
119858000 usd
us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
72850000 usd
re Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
-178091000 usd
re Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
70653000 usd
re Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
156868000 usd
re Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
377120000 usd
us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
105452000 usd
us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
49053000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
11031000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
206994000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
23919000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
22439000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
35052000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
37928000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-389892000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
143011000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1561906000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1627962000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1661128000 usd
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
283352000 usd
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
360016000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
307525000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
309691000 usd
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-878360000 usd
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-506285000 usd
re Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
-22512000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-756801000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1132588000 usd
re Payments For Proceeds From Shares Issued Redeemed For Share Based Compensation Net Of Expense
PaymentsForProceedsFromSharesIssuedRedeemedForShareBasedCompensationNetOfExpense
14835000 usd
re Payments For Proceeds From Shares Issued Redeemed For Share Based Compensation Net Of Expense
PaymentsForProceedsFromSharesIssuedRedeemedForShareBasedCompensationNetOfExpense
11349000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1322000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40328000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
126079000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
124274000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
17352000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13713000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-159588000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-189664000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29671000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1016000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
675188000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
304694000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1440861000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
801651000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2116049000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1106345000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
100506000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34780000 usd
us-gaap Interest Paid Net
InterestPaidNet
48414000 usd
us-gaap Interest Paid Net
InterestPaidNet
31695000 usd
us-gaap Nature Of Operations
NatureOfOperations
<div id="TextBlockContainer514" style="position:relative;font-family:'Calibri';font-size:13.28px;color:#000000;line-height:normal;width:624px;height:84px;"><div id="a2757" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">1.<div style="display:inline-block;width:9px"> </div>GENERAL </div><div id="a2762" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;"><div style="display:inline-block;width:3px"> </div></div><div id="a2764" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">Everest<div style="display:inline-block;width:4px"> </div>Re Group,<div style="display:inline-block;width:5px"> </div>Ltd. (“Group”),<div style="display:inline-block;width:5px"> </div>a Bermuda company,<div style="display:inline-block;width:6px"> </div>through its<div style="display:inline-block;width:5px"> </div>subsidiaries, principally<div style="display:inline-block;width:5px"> </div>provides reinsurance </div><div id="a2765" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:49px;">and<div style="display:inline-block;width:5px"> </div>insurance<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>U.S.,<div style="display:inline-block;width:5px"> </div>Bermuda<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>international<div style="display:inline-block;width:5px"> </div>markets.<div style="display:inline-block;width:10px"> </div>As<div style="display:inline-block;width:5px"> </div>used<div style="display:inline-block;width:5px"> </div>in<div style="display:inline-block;width:5px"> </div>this<div style="display:inline-block;width:5px"> </div>document,<div style="display:inline-block;width:5px"> </div>“Company”<div style="display:inline-block;width:5px"> </div>means </div><div id="a2766" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:65px;">Group and its subsidiaries.</div></div>
us-gaap Basis Of Accounting
BasisOfAccounting
<div id="TextBlockContainer516" style="position:relative;font-family:'Calibri';font-size:13.28px;color:#000000;line-height:normal;width:628px;height:671px;"><div id="a2770" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">2.<div style="display:inline-block;width:9px"> </div>BASIS OF PRESENTATION </div><div id="a2776" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">The unaudited<div style="display:inline-block;width:6px"> </div>consolidated<div style="display:inline-block;width:5px"> </div>financial statements<div style="display:inline-block;width:7px"> </div>of the<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:5px"> </div>as<div style="display:inline-block;width:4px"> </div>of June<div style="display:inline-block;width:6px"> </div>30,<div style="display:inline-block;width:4px"> </div>2022 and<div style="display:inline-block;width:6px"> </div>December<div style="display:inline-block;width:4px"> </div>31,<div style="display:inline-block;width:4px"> </div>2021 </div><div id="a2780" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:49px;">and<div style="display:inline-block;width:4px"> </div>for<div style="display:inline-block;width:5px"> </div>the three<div style="display:inline-block;width:6px"> </div>and six<div style="display:inline-block;width:6px"> </div>months<div style="display:inline-block;width:5px"> </div>ended June<div style="display:inline-block;width:6px"> </div>30,<div style="display:inline-block;width:4px"> </div>2022 and<div style="display:inline-block;width:6px"> </div>2021<div style="display:inline-block;width:4px"> </div>include<div style="display:inline-block;width:4px"> </div>all<div style="display:inline-block;width:4px"> </div>adjustments,<div style="display:inline-block;width:5px"> </div>consisting<div style="display:inline-block;width:5px"> </div>of normal </div><div id="a2785" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:65px;">recurring accruals,<div style="display:inline-block;width:5px"> </div>which, in the<div style="display:inline-block;width:5px"> </div>opinion of management,<div style="display:inline-block;width:5px"> </div>are necessary<div style="display:inline-block;width:5px"> </div>for a<div style="display:inline-block;width:4px"> </div>fair statement<div style="display:inline-block;width:5px"> </div>of the results<div style="display:inline-block;width:5px"> </div>on an </div><div id="a2786" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:81px;">interim basis.<div style="display:inline-block;width:9px"> </div>Certain financial<div style="display:inline-block;width:5px"> </div>information,<div style="display:inline-block;width:4px"> </div>which is<div style="display:inline-block;width:4px"> </div>normally included<div style="display:inline-block;width:5px"> </div>in annual<div style="display:inline-block;width:5px"> </div>financial statements<div style="display:inline-block;width:5px"> </div>prepared </div><div id="a2788" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:98px;">in accordance<div style="display:inline-block;width:5px"> </div>with accounting<div style="display:inline-block;width:5px"> </div>principles generally<div style="display:inline-block;width:5px"> </div>accepted in<div style="display:inline-block;width:5px"> </div>the United States<div style="display:inline-block;width:5px"> </div>of America (“GAAP”),<div style="display:inline-block;width:5px"> </div>has been </div><div id="a2789" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:114px;">omitted<div style="display:inline-block;width:5px"> </div>since<div style="display:inline-block;width:5px"> </div>it<div style="display:inline-block;width:4px"> </div>is<div style="display:inline-block;width:4px"> </div>not<div style="display:inline-block;width:4px"> </div>required<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>interim<div style="display:inline-block;width:5px"> </div>reporting<div style="display:inline-block;width:5px"> </div>purposes.<div style="display:inline-block;width:9px"> </div>The<div style="display:inline-block;width:4px"> </div>December<div style="display:inline-block;width:4px"> </div>31,<div style="display:inline-block;width:5px"> </div>2021<div style="display:inline-block;width:4px"> </div>consolidated<div style="display:inline-block;width:5px"> </div>balance </div><div id="a2790" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:130px;">sheet data was<div style="display:inline-block;width:5px"> </div>derived from audited<div style="display:inline-block;width:5px"> </div>financial statements<div style="display:inline-block;width:5px"> </div>but does not<div style="display:inline-block;width:4px"> </div>include all disclosures<div style="display:inline-block;width:5px"> </div>required by<div style="display:inline-block;width:4px"> </div>GAAP.<div style="display:inline-block;width:5px"> </div></div><div id="a2792" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:147px;">The<div style="display:inline-block;width:5px"> </div>results<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>three<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>six<div style="display:inline-block;width:5px"> </div>months<div style="display:inline-block;width:5px"> </div>ended<div style="display:inline-block;width:5px"> </div>June<div style="display:inline-block;width:5px"> </div>30,<div style="display:inline-block;width:5px"> </div>2022<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>2021<div style="display:inline-block;width:5px"> </div>are<div style="display:inline-block;width:5px"> </div>not<div style="display:inline-block;width:5px"> </div>necessarily<div style="display:inline-block;width:5px"> </div>indicative<div style="display:inline-block;width:5px"> </div>of<div style="display:inline-block;width:5px"> </div>the </div><div id="a2795" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:163px;">results<div style="display:inline-block;width:5px"> </div>for<div style="display:inline-block;width:4px"> </div>a full<div style="display:inline-block;width:5px"> </div>year.<div style="display:inline-block;width:10px"> </div>These financial<div style="display:inline-block;width:5px"> </div>statements<div style="display:inline-block;width:5px"> </div>should be<div style="display:inline-block;width:5px"> </div>read<div style="display:inline-block;width:4px"> </div>in conjunction<div style="display:inline-block;width:6px"> </div>with the<div style="display:inline-block;width:5px"> </div>audited<div style="display:inline-block;width:5px"> </div>consolidated </div><div id="a2797" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:179px;">financial statements<div style="display:inline-block;width:5px"> </div>and notes<div style="display:inline-block;width:5px"> </div>thereto for<div style="display:inline-block;width:5px"> </div>the years<div style="display:inline-block;width:5px"> </div>ended December<div style="display:inline-block;width:4px"> </div>31, 2021,<div style="display:inline-block;width:4px"> </div>2020 and<div style="display:inline-block;width:5px"> </div>2019, included<div style="display:inline-block;width:5px"> </div>in the </div><div id="a2798" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:195px;">Company’s most recent<div style="display:inline-block;width:5px"> </div>Form 10-K filing. </div><div id="a2803" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:228px;">The Company<div style="display:inline-block;width:5px"> </div>consolidates<div style="display:inline-block;width:5px"> </div>the results<div style="display:inline-block;width:5px"> </div>of operations<div style="display:inline-block;width:5px"> </div>and financial<div style="display:inline-block;width:5px"> </div>position of<div style="display:inline-block;width:5px"> </div>all voting<div style="display:inline-block;width:5px"> </div>interest<div style="display:inline-block;width:5px"> </div>entities ("VOE") </div><div id="a2805" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:244px;">in<div style="display:inline-block;width:5px"> </div>which<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>Company<div style="display:inline-block;width:5px"> </div>has<div style="display:inline-block;width:5px"> </div>a controlling<div style="display:inline-block;width:6px"> </div>financial<div style="display:inline-block;width:5px"> </div>interest<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>all<div style="display:inline-block;width:4px"> </div>variable<div style="display:inline-block;width:5px"> </div>interest<div style="display:inline-block;width:5px"> </div>entities<div style="display:inline-block;width:5px"> </div>("VIE")<div style="display:inline-block;width:4px"> </div>in<div style="display:inline-block;width:5px"> </div>which<div style="display:inline-block;width:5px"> </div>the </div><div id="a2806" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:261px;">Company is considered to be the primary beneficiary.<div style="display:inline-block;width:6px"> </div>The consolidation assessment, including<div style="display:inline-block;width:5px"> </div>the determination </div><div id="a2808" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:277px;">as<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>whether<div style="display:inline-block;width:5px"> </div>an<div style="display:inline-block;width:5px"> </div>entity<div style="display:inline-block;width:5px"> </div>qualifies<div style="display:inline-block;width:5px"> </div>as<div style="display:inline-block;width:5px"> </div>a<div style="display:inline-block;width:5px"> </div>VIE<div style="display:inline-block;width:5px"> </div>or<div style="display:inline-block;width:5px"> </div>VOE,<div style="display:inline-block;width:5px"> </div>depends<div style="display:inline-block;width:5px"> </div>on<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>facts<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:5px"> </div>circumstances<div style="display:inline-block;width:6px"> </div>surrounding<div style="display:inline-block;width:5px"> </div>each </div><div id="a2809" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:293px;">entity.<div style="display:inline-block;width:4px"> </div></div><div id="a2812" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:326px;">The preparation<div style="display:inline-block;width:5px"> </div>of financial<div style="display:inline-block;width:5px"> </div>statements<div style="display:inline-block;width:5px"> </div>in conformity<div style="display:inline-block;width:6px"> </div>with GAAP<div style="display:inline-block;width:5px"> </div>requires<div style="display:inline-block;width:4px"> </div>management<div style="display:inline-block;width:4px"> </div>to make<div style="display:inline-block;width:5px"> </div>estimates<div style="display:inline-block;width:4px"> </div>and </div><div id="a2814" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:342px;">assumptions<div style="display:inline-block;width:5px"> </div>that<div style="display:inline-block;width:4px"> </div>affect<div style="display:inline-block;width:5px"> </div>the reported<div style="display:inline-block;width:6px"> </div>amounts<div style="display:inline-block;width:5px"> </div>of assets<div style="display:inline-block;width:5px"> </div>and liabilities<div style="display:inline-block;width:5px"> </div>(and disclosure<div style="display:inline-block;width:6px"> </div>of contingent<div style="display:inline-block;width:6px"> </div>assets<div style="display:inline-block;width:5px"> </div>and </div><div id="a2815" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:358px;">liabilities) at the date of the financial<div style="display:inline-block;width:4px"> </div>statements and the reported<div style="display:inline-block;width:5px"> </div>amounts of revenues and expenses<div style="display:inline-block;width:5px"> </div>during the </div><div id="a2816" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:374px;">reporting period.<div style="display:inline-block;width:7px"> </div>Ultimate actual results could differ,<div style="display:inline-block;width:6px"> </div>possibly materially,<div style="display:inline-block;width:5px"> </div>from those estimates.<div style="display:inline-block;width:7px"> </div></div><div id="a2820" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:407px;">All intercompany accounts<div style="display:inline-block;width:5px"> </div>and transactions have been eliminated.<div style="display:inline-block;width:8px"> </div></div><div id="a2823" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:440px;">Certain<div style="display:inline-block;width:5px"> </div>reclassifications<div style="display:inline-block;width:5px"> </div>and<div style="display:inline-block;width:4px"> </div>format<div style="display:inline-block;width:5px"> </div>changes<div style="display:inline-block;width:5px"> </div>have<div style="display:inline-block;width:5px"> </div>been<div style="display:inline-block;width:5px"> </div>made<div style="display:inline-block;width:4px"> </div>to<div style="display:inline-block;width:5px"> </div>prior<div style="display:inline-block;width:4px"> </div>years’<div style="display:inline-block;width:5px"> </div>amounts<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>conform<div style="display:inline-block;width:5px"> </div>to<div style="display:inline-block;width:5px"> </div>the<div style="display:inline-block;width:5px"> </div>2022 </div><div id="a2824" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:456px;">presentation. </div><div id="a2828" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:488px;">Application of Recently Issued Accounting<div style="display:inline-block;width:5px"> </div>Standard Changes.<div style="display:inline-block;width:7px"> </div></div><div id="a2831" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:521px;">The Company<div style="display:inline-block;width:5px"> </div>did not<div style="display:inline-block;width:5px"> </div>adopt any<div style="display:inline-block;width:5px"> </div>new accounting<div style="display:inline-block;width:5px"> </div>standards<div style="display:inline-block;width:5px"> </div>that had<div style="display:inline-block;width:5px"> </div>a material<div style="display:inline-block;width:5px"> </div>impact during<div style="display:inline-block;width:5px"> </div>the three<div style="display:inline-block;width:5px"> </div>and six </div><div id="a2832" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:537px;">months<div style="display:inline-block;width:6px"> </div>ended<div style="display:inline-block;width:6px"> </div>June<div style="display:inline-block;width:6px"> </div>30,<div style="display:inline-block;width:6px"> </div>2022.<div style="display:inline-block;width:12px"> </div>The<div style="display:inline-block;width:6px"> </div>Company<div style="display:inline-block;width:6px"> </div>assessed<div style="display:inline-block;width:6px"> </div>the<div style="display:inline-block;width:6px"> </div>adoption<div style="display:inline-block;width:6px"> </div>impacts<div style="display:inline-block;width:6px"> </div>of<div style="display:inline-block;width:6px"> </div>recently<div style="display:inline-block;width:6px"> </div>issued<div style="display:inline-block;width:6px"> </div>accounting </div><div id="a2834" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:554px;">standards<div style="display:inline-block;width:5px"> </div>by the<div style="display:inline-block;width:5px"> </div>Financial Accounting<div style="display:inline-block;width:6px"> </div>Standards<div style="display:inline-block;width:5px"> </div>Board on<div style="display:inline-block;width:5px"> </div>the Company’s<div style="display:inline-block;width:6px"> </div>consolidated<div style="display:inline-block;width:5px"> </div>financial statements<div style="display:inline-block;width:6px"> </div>as </div><div id="a2835" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:570px;">well as<div style="display:inline-block;width:5px"> </div>material updates<div style="display:inline-block;width:6px"> </div>to previous<div style="display:inline-block;width:6px"> </div>assessments,<div style="display:inline-block;width:4px"> </div>if any,<div style="display:inline-block;width:6px"> </div>from the<div style="display:inline-block;width:5px"> </div>Company’s<div style="display:inline-block;width:5px"> </div>Annual Report<div style="display:inline-block;width:6px"> </div>on Form<div style="display:inline-block;width:5px"> </div>10-K for </div><div id="a2838" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:586px;">the year ended<div style="display:inline-block;width:5px"> </div>December 31, 2021.<div style="display:inline-block;width:8px"> </div>There were<div style="display:inline-block;width:4px"> </div>no new material<div style="display:inline-block;width:5px"> </div>accounting standards<div style="display:inline-block;width:5px"> </div>issued in the<div style="display:inline-block;width:4px"> </div>six months </div><div id="a2841" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:602px;">ended June 30, 2022, that impacted Group. </div><div id="a2844" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:635px;">Any<div style="display:inline-block;width:6px"> </div>issued<div style="display:inline-block;width:6px"> </div>guidance<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:5px"> </div>pronouncements,<div style="display:inline-block;width:6px"> </div>other<div style="display:inline-block;width:6px"> </div>than<div style="display:inline-block;width:6px"> </div>those<div style="display:inline-block;width:6px"> </div>directly<div style="display:inline-block;width:6px"> </div>referenced<div style="display:inline-block;width:6px"> </div>above,<div style="display:inline-block;width:6px"> </div>are<div style="display:inline-block;width:6px"> </div>deemed<div style="display:inline-block;width:6px"> </div>by<div style="display:inline-block;width:6px"> </div>the </div><div id="a2845" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:651px;">Company to be either not applicable or immaterial to<div style="display:inline-block;width:5px"> </div>its financial statements.</div></div>
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
23408417000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
23408417000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
21880443000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
22308272000 usd
CY2022Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
71800000 usd
CY2022Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
71200000 usd
re Debt Securities Held To Maturity Maturity Term
DebtSecuritiesHeldToMaturityMaturityTerm
P5Y
CY2022Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
400000 usd
CY2022Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
16197000 usd
CY2021Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
421466000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
498437000 usd
re Number Of Securities Held As Primary Beneficiary
NumberOfSecuritiesHeldAsPrimaryBeneficiary
0 item
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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-832237000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
97127000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-1759644000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-235581000 usd
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11366000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-232123000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-716523000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
85761000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1527521000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-206520000 usd
CY2022Q2 re Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
241531000 usd
CY2021Q2 re Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
418349000 usd
re Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
494330000 usd
CY2022Q2 re Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
772000 usd
CY2021Q2 re Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
3287000 usd
re Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
4457000 usd
CY2022Q2 re Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
-128000 usd
CY2021Q2 re Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
-170000 usd
re Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
-350000 usd
CY2022Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
242175000 usd
CY2021Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
14371000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
29629000 usd
CY2022Q2 us-gaap Investment Income Net
InvestmentIncomeNet
225978000 usd
CY2021Q2 us-gaap Investment Income Net
InvestmentIncomeNet
407095000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
468808000 usd
CY2022Q2 re Additional Contractual Commitments
AdditionalContractualCommitments
2400000000 usd
us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
35651000 usd
CY2021 re Number Of Securities Held As Primary Beneficiary
NumberOfSecuritiesHeldAsPrimaryBeneficiary
0 item
CY2022Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-236265000 usd
CY2021Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
104109000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-389892000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
143011000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
41591000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
29738000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
9593000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
22706000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
1386000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
1386000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
-9856000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
-11116000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
42714000 usd
CY2022Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
42714000 usd
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
8723000 usd
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
1745000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
14592000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
21890000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
1468000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
1468000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
-133000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
-453000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
24650000 usd
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
24650000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
19009486000 usd
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
16322143000 usd
CY2021Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1946365000 usd
CY2020Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1843691000 usd
CY2021Q4 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
17063121000 usd
CY2020Q4 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
14478452000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
3667769000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
3302013000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-1659000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-4453000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
3666110000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
3297560000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
978599000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
710677000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
1483844000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
1399579000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
2462443000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
2110256000 usd
us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-259484000 usd
CY2022Q2 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
18007304000 usd
CY2021Q2 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
15701407000 usd
CY2022Q2 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1985750000 usd
CY2021Q2 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1862760000 usd
CY2022Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
19993054000 usd
CY2021Q2 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2022Q2 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
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CY2022Q2 us-gaap Held To Maturity Securities Fair Value
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Dividends Common Stock
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us-gaap Dividends Common Stock
DividendsCommonStock
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us-gaap Dividends Common Stock
DividendsCommonStock
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CY2021Q2 us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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CY2021Q2 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.986 pure
re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.987 pure
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PercentageAllocatedToCommonShareholders
0.987 pure
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56870000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
609411000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 re Dividend Declared Common Shareholders
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CY2021Q2 re Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
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DividendDeclaredCommonShareholders
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DividendDeclaredCommonShareholders
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CY2022Q2 re Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
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CY2021Q2 re Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
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NumeratorForBasicAndDilutedEarningsPerCommonShare
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NumeratorForBasicAndDilutedEarningsPerCommonShare
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WeightedAverageNumberOfSharesIssuedBasic
38898000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38898000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
16.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
25.50
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.11
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
16.95
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
25.47
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 re Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
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re Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
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CY2022Q2 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.986 pure
CY2021Q2 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.986 pure
re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.987 pure
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PercentageAllocatedToCommonShareholders
0.987 pure
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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OtherComprehensiveIncomeLossBeforeTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
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OtherComprehensiveIncomeLossBeforeTax
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OtherComprehensiveIncomeLossTax
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OtherComprehensiveIncomeLossNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossBeforeTax
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OtherComprehensiveIncomeLossTax
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OtherComprehensiveIncomeLossNetOfTax
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OtherUnderwritingExpense
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LineOfCreditFacilityMaximumBorrowingCapacity
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CY2022Q2 us-gaap Security Deposit
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CY2021Q2 us-gaap Ceded Premiums Written
CededPremiumsWritten
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us-gaap Ceded Premiums Written
CededPremiumsWritten
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CY2022Q2 re Ceded Earned Premiums
CededEarnedPremiums
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CededEarnedPremiums
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CededEarnedPremiums
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CY2022Q2 re Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
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CededLossesAndLossAdjustmentExpenses
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CededLossesAndLossAdjustmentExpenses
61717000 usd
CY2022Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
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CY2021Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
2741000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
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CY2022Q2 re Assumed Earned Premiums
AssumedEarnedPremiums
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CY2021Q2 re Assumed Earned Premiums
AssumedEarnedPremiums
2741000 usd
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AssumedEarnedPremiums
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ReinsuranceRecoverablesGross
181200000 usd
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ReinsuranceRecoverablesGross
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ReinsuranceDeferredGainLiability
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ReinsuranceDeferredGainLiability
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us-gaap Net Investment Income
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DebtInstrumentRedemptionPeriodEndDate
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InterestExpenseSubordinatedNotesAndDebentures
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InterestExpenseSubordinatedNotesAndDebentures
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us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
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InterestExpenseSubordinatedNotesAndDebentures
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PremiumsWrittenGross
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us-gaap Premiums Written Gross
PremiumsWrittenGross
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us-gaap Premiums Written Net
PremiumsWrittenNet
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PremiumsEarnedNet
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CY2022Q2 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
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us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
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GainLossOnInvestments
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CY2021Q2 us-gaap Underwriting Income Loss
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CorporateExpenses
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29038000 usd
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InterestFeeAndBondIssueCostAmortizationExpense
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InterestFeeAndBondIssueCostAmortizationExpense
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Premiums Written Gross
PremiumsWrittenGross
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PremiumsWrittenNet
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us-gaap Premiums Written Net
PremiumsWrittenNet
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CY2021Q2 us-gaap Premiums Earned Net
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SellingAndMarketingExpense
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us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
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CY2021Q2 us-gaap Net Investment Income
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us-gaap Net Investment Income
NetInvestmentIncome
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CY2021Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Gain Loss On Investments
GainLossOnInvestments
143011000 usd
CY2021Q2 re Corporate Expenses
CorporateExpenses
16168000 usd
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CY2021Q2 re Interest Fee And Bond Issue Cost Amortization Expense
InterestFeeAndBondIssueCostAmortizationExpense
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InterestFeeAndBondIssueCostAmortizationExpense
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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EquityMethodInvestments
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AccruedInvestmentIncomeReceivable
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PremiumsReceivableAtCarryingValue
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CY2022Q2 us-gaap Reinsurance Recoverables On Paid Losses
ReinsuranceRecoverablesOnPaidLosses
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ReinsuranceRecoverablesOnPaidLosses
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CY2022Q2 us-gaap Assets
Assets
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FundsHeldUnderReinsuranceAgreementsLiability
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PreferredStockSharesAuthorized
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CommonStockParOrStatedValuePerShare
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CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2021Q4 us-gaap Other Liabilities
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CY2021Q4 us-gaap Liabilities
Liabilities
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2021Q4 us-gaap Common Stock Value
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CY2021Q4 us-gaap Treasury Stock Shares
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PremiumsEarnedNet
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us-gaap Premiums Earned Net
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CY2021Q2 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
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us-gaap Policyholder Benefits And Claims Incurred Net
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
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DeferredIncomeTaxExpenseBenefit
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InvestmentIncomeInterestAndDividend
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InvestmentIncomeInvestmentExpense
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InvestmentIncomeNet
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EquitySecuritiesFvNi
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CededLossesAndLossAdjustmentExpenses
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us-gaap Assumed Premiums Written
AssumedPremiumsWritten
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AssumedEarnedPremiums
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us-gaap Premiums Earned Net
PremiumsEarnedNet
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us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Other Underwriting Expense
OtherUnderwritingExpense
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us-gaap Premiums Earned Net
PremiumsEarnedNet
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us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
3297560000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1046760000 usd
us-gaap Other Underwriting Expense
OtherUnderwritingExpense
283075000 usd

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