Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS (Parenthetical)

v3.25.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Available-for-sale securities, amortized cost $ 8,773,987 $ 7,697,027
Available-for-sale securities, allowance for credit losses $ (2,680) $ (2,866)
Preferred stock par value per share (in usd per share) $ 0.01 $ 0.01
Preferred shares authorized (in shares) 100,000,000 100,000,000
Preferred shares issued (in shares) 24,870,817 24,870,817
Preferred shares outstanding (in shares) 24,870,817 24,870,817
Preferred stock liquidation preference $ 621,770 $ 621,770
Common stock par value per share (in usd per share) $ 0.01 $ 0.01
Common shares authorized (in shares) 175,000,000 175,000,000
Common shares issued (in shares) 104,025,096 103,680,321
Common shares outstanding (in shares) 104,025,096 103,680,321
Total Assets [1] $ 13,683,313 $ 12,204,319
Total Liabilities [1] 11,536,524 10,081,810
Variable Interest Entity, Primary Beneficiary    
Total Assets 171,460 163,317
Total Liabilities $ 161,866 $ 134,931
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At March 31, 2025 and December 31, 2024, assets of the VIEs totaled $171,460 and $163,317, and liabilities of the VIEs totaled $161,866 and $134,931, respectively. See Note 4 - Variable Interest Entities for additional information.