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INVESTMENTS - Summary of Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Gross realized investment gains      
Fixed maturities and short-term investments $ 16,671 $ 137,729 $ 186,726
Equity securities 7,687 5,413 25,648
Gross realized investment gains 24,358 143,142 212,374
Gross realized investment losses      
Fixed maturities and short-term investments (328,493) (42,613) (94,607)
Equity securities (406) (696) (5,840)
Gross realized investment losses (328,899) (43,309) (100,447)
Allowance for expected credit losses (11,421) 11 (323)
Impairment losses (12,568) (22) (1,486)
Unrealized and realized gains (loss) recognized in earnings for derivatives not designated as hedges 7,656 4,346 (2,434)
Net unrealized gains (losses) on equity securities (135,915) 30,111 21,449
Total net investment gains (losses) $ (456,789) $ 134,279 $ 129,133