XML 50 R39.htm IDEA: XBRL DOCUMENT v3.23.3
INVESTMENTS - Gross Unrealized Losses (Details)
$ in Thousands
Sep. 30, 2023
USD ($)
security
Dec. 31, 2022
USD ($)
security
Fixed maturities, available for sale    
Fair value    
12 months or greater $ 6,555,825 $ 3,615,234
Less than 12 months 4,629,740 6,269,478
Total 11,185,565 9,884,712
Unrealized losses    
12 months or greater (705,729) (497,762)
Less than 12 months (156,961) (358,826)
Total $ (862,690) $ (856,588)
Number of securities in unrealized loss position | security 4,856 4,525
Number of securities in a continuous unrealized loss position | security 3,386 1,842
Fixed maturities, available for sale | Below Investment Grade or Not Rated    
Unrealized losses    
Total $ (39,000) $ (64,000)
U.S. government and agency    
Fair value    
12 months or greater 933,401 467,032
Less than 12 months 1,841,396 1,414,181
Total 2,774,797 1,881,213
Unrealized losses    
12 months or greater (68,216) (41,365)
Less than 12 months (47,816) (56,424)
Total (116,032) (97,789)
Non-U.S. government    
Fair value    
12 months or greater 236,921 207,637
Less than 12 months 400,356 298,048
Total 637,277 505,685
Unrealized losses    
12 months or greater (31,958) (33,027)
Less than 12 months (16,922) (19,885)
Total (48,880) (52,912)
Corporate debt    
Fair value    
12 months or greater 2,705,183 1,562,355
Less than 12 months 1,207,859 2,350,504
Total 3,913,042 3,912,859
Unrealized losses    
12 months or greater (333,349) (268,289)
Less than 12 months (44,020) (150,701)
Total (377,369) (418,990)
Agency RMBS    
Fair value    
12 months or greater 751,020 220,595
Less than 12 months 783,310 771,191
Total 1,534,330 991,786
Unrealized losses    
12 months or greater (128,711) (40,469)
Less than 12 months (37,431) (58,832)
Total (166,142) (99,301)
CMBS    
Fair value    
12 months or greater 732,637 343,494
Less than 12 months 121,722 599,877
Total 854,359 943,371
Unrealized losses    
12 months or greater (75,522) (40,888)
Less than 12 months (6,833) (41,257)
Total (82,355) (82,145)
Non-agency RMBS    
Fair value    
12 months or greater 92,894 75,137
Less than 12 months 37,539 53,484
Total 130,433 128,621
Unrealized losses    
12 months or greater (16,856) (14,691)
Less than 12 months (767) (3,834)
Total (17,623) (18,525)
ABS    
Fair value    
12 months or greater 975,560 685,990
Less than 12 months 216,048 686,190
Total 1,191,608 1,372,180
Unrealized losses    
12 months or greater (36,001) (48,913)
Less than 12 months (2,448) (21,808)
Total (38,449) (70,721)
Municipals    
Fair value    
12 months or greater 128,209 52,994
Less than 12 months 21,510 96,003
Total 149,719 148,997
Unrealized losses    
12 months or greater (15,116) (10,120)
Less than 12 months (724) (6,085)
Total $ (15,840) $ (16,205)