Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Parenthetical)

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Available-for-sale securities, amortized cost $ 11,067,188 $ 14,043,175
Available-for-sale securities, allowance for credit losses $ (18,170) $ (22,528)
Preferred stock par value per share (in usd per share) $ 0.01 $ 0.01
Preferred shares authorized (in shares) 100,000,000 50,000,000
Preferred shares issued (in shares) 40,050,000 40,050,000
Preferred shares outstanding (in shares) 29,050,000 40,050,000
Preferred stock liquidation preference $ 726,250 $ 1,001,250
Common stock par value per share (in usd per share) $ 0.01 $ 0.01
Common shares authorized (in shares) 700,000,000 450,000,000
Common shares issued (in shares) 273,718,537 273,703,882
Common shares outstanding (in shares) 273,718,537 273,703,882
Assets of consolidated variable interest entities [1] $ 15,991,915 $ 19,515,921
Liabilities of consolidated variable interest entities [1] 13,271,199 16,426,995
Variable Interest Entity, Primary Beneficiary [Member] | Total Assets    
Assets of consolidated variable interest entities 438,019 496,810
Variable Interest Entity, Primary Beneficiary [Member] | Total Liabilities    
Liabilities of consolidated variable interest entities $ 432,059 $ 477,270
[1] The condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities, or VIEs. At March 31, 2021 and December 31, 2020, assets of the VIEs totaled $438,019 and $496,810, and liabilities of the VIEs totaled $432,059 and $477,270, respectively. See Note 3 - Variable Interest Entities for additional information.