XML 141 R120.htm IDEA: XBRL DOCUMENT v3.22.4
OTHER COMPREHENSIVE INCOME (LOSS) - Summary of Tax Effects Allocated to Each Component of Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Before tax amount      
Unrealized gains (losses) arising during the year, net of reclassification adjustment $ (909,150) $ (405,378) $ 269,937
Foreign currency translation adjustment (10,986) 621 3,571
Total other comprehensive income (loss), net of tax (920,136) (404,757) 273,508
Income tax (expense) benefit      
Unrealized gains (losses) arising during the year, net of reclassification adjustment 103,300 46,898 (30,823)
Foreign currency translation adjustment 0 0 0
Total other comprehensive income (loss), net of tax 103,300 46,898 (30,823)
Net of tax amount      
Unrealized gains (losses) arising during the year, net of reclassification adjustment (805,850) (358,480) 239,114
Foreign currency translation adjustment (10,986) 621 3,571
Total other comprehensive income (loss), net of tax (816,836) (357,859) 242,685
Available for sale investments      
Before tax amount      
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss) 335,294 (94,749) (90,380)
Income tax (expense) benefit      
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss) (30,369) 7,635 12,368
Net of tax amount      
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss) 304,925 (87,114) (78,012)
Unrealized gains (losses) arising during the year, net of reclassification adjustment (805,850) (358,480) 239,114
Available for sale investments | Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized      
Before tax amount      
Unrealized gains (losses) arising during the period (1,171,381) (310,710) 360,357
Income tax (expense) benefit      
Unrealized gains (losses) arising during the period 127,756 39,263 (43,191)
Net of tax amount      
Unrealized gains (losses) arising during the period (1,043,625) (271,447) 317,166
Available for sale investments | Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized      
Before tax amount      
Unrealized gains (losses) arising during the period (73,063) 81 (40)
Income tax (expense) benefit      
Unrealized gains (losses) arising during the period 5,913 0 0
Net of tax amount      
Unrealized gains (losses) arising during the period $ (67,150) $ 81 $ (40)