Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS (Parenthetical)

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Available-for-sale securities, amortized cost $ 7,697,027 $ 8,509,383
Available-for-sale securities, allowance for credit losses $ (2,866) $ (3,943)
Preferred stock par value per share (in usd per share) $ 0.01  
Preferred shares authorized (in shares) 100,000,000  
Preferred shares issued (in shares) 24,870,817 25,356,426
Preferred shares outstanding (in shares) 24,870,817 25,356,426
Preferred stock liquidation preference $ 621,770 $ 633,911
Common stock par value per share (in usd per share) $ 0.01  
Common shares authorized (in shares) 175,000,000  
Common shares issued (in shares) 103,680,321 103,206,457
Common shares outstanding (in shares) 103,680,321 103,206,457
Total Assets [1] $ 12,204,319 $ 13,138,800
Total Liabilities [1] 10,081,810 10,935,410
Variable Interest Entity, Primary Beneficiary    
Total Assets 163,317 525,259
Total Liabilities $ 134,931 $ 479,810
[1] The consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At December 31, 2024 and December 31, 2023, assets of the VIEs totaled $163,317 and $525,259, and liabilities of the VIEs totaled $134,931 and $479,810, respectively. See Note 4 - Variable Interest Entities for additional information.