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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Gross realized investment gains        
Fixed maturities and short-term investments $ 4,143 $ 1,095 $ 27,973 $ 11,390
Equity securities 8,433 6,997 9,968 6,997
Gross realized investment gains 12,576 8,092 37,941 18,387
Gross realized investment losses        
Fixed maturities and short-term investments (31,390) (100,021) (128,733) (249,514)
Equity securities (4) (178) (400) (403)
Gross realized investment losses (31,394) (100,199) (129,133) (249,917)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale 1,618 (3,210) 2,800 (10,191)
(Increase) decrease in allowance for expected credit losses, mortgage loans (541) 0 (4,179) 0
Impairment losses (41) (6,491) (9,124) (7,074)
Change in fair value of investment derivatives 1,692 4,400 218 11,463
Net unrealized gains (losses) on equity securities (37,024) (49,050) 3,806 (176,899)
Total net investment gains (losses) $ (53,114) $ (146,458) $ (97,671) $ (414,231)