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Consolidated Statements of Changes in Shareholders' Equity For the Years Ended December 31, 2008, 2007 and 2006

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In thousands of U.S.$	2008		2007		2006
Preferred Shares
Balance, beginning and end of year	8,000		8,000		8,000
Common shares
Balance, beginning of year	60,364		66,480		66,139
Issuance of common shares	622		1,900		670
Repurchase of common shares	(3,783	)	(8,016	)	(329	)
Balance, end of year	57,203		60,364		66,480
Additional paid-in capital
Balance, beginning of year	1,165,300		1,458,063		1,453,722
Issuance of common shares	1,113		8,284		8,677
Issuance of restricted share units in lieu of dividends	(92	)	180		922
Public offering and registration costs	(141	)	(4,600	)	(134	)
Repurchase of common shares	(149,147	)	(304,020	)	(9,679	)
Settlement of equity awards	(5,065	)	(3,444	)	(3,498	)
Stock-based compensation expense	17,395		10,837		8,053
Balance, end of year	1,029,363		1,165,300		1,458,063
Accumulated other comprehensive (loss ) income
Cumulative foreign currency translation adjustments:
Balance, beginning of year	33,393		28,852		23,842
Foreign currency translation adjustments	(29,030	)	4,541		5,010
Balance, end of year	4,363		33,393		28,852
Unrealized holding (losses) gains on investments:
Balance, beginning of year	26,718		(40,841	)	(40,948	)
Net unrealized holding (losses) gains arising during the period,
net of reclassification adjustment	(161,450	)	67,559		107
Balance, end of year	(134,732	)	26,718		(40,841	)
Accumulated derivative loss on cash flow hedging instruments:
Balance, beginning of year	(2,386	)	(2,476	)	(2,566	)
Net change from current period hedging transactions,
net of reclassification adjustment	90		90		90
Balance, end of year	(2,296	)	(2,386	)	(2,476	)
Total accumulated other comprehensive (loss) income	(132,665	)	57,725		(14,465	)
Retained earnings
Balance, beginning of year	1,220,870		779,796		364,354
Net income	98,624		521,107		498,126
Issuance of restricted share units in lieu of dividends	92		(180	)	(922	)
Dividends on preferred shares	(15,500	)	(15,500	)	(15,500	)
Dividends on common shares	(58,704	)	(64,353	)	(66,262	)
Balance, end of year	1,245,382		1,220,870		779,796
Total shareholders' equity	2,207,283		2,512,259		2,297,874

The financial information presented in this report should be reviewed in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 filed with the Securities and Exchange Commission.