XML 61 R50.htm IDEA: XBRL DOCUMENT v3.23.3
FAIR VALUE MEASUREMENTS - Changes in Level 3 for Financial Instruments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance $ 248,971 $ 193,608 $ 260,278 $ 153,325
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (25,510) 0 (25,510) 0
Included in net income (1,748) 2,105 (10,049) 290
Included in OCI (1,243) (3,977) (1,414) (10,600)
Purchases 11,478 30,300 55,255 84,472
Sales 0 0 (34,532) 0
Settlements/ distributions (3,845) (999) (15,925) (6,450)
Closing balance 228,103 221,037 228,103 221,037
Change in unrealized investment gains/(losses) (1,015) 2,139 (14,088) 324
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 0 4,708 0 5,630
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in net income 0 (422) 0 (1,344)
Included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ distributions 0 0 0 0
Closing balance 0 4,286 0 4,286
Change in unrealized investment gains/(losses) 0 (422) 0 (1,344)
Other liabilities | Derivative instruments        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 0 4,708 0 5,630
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in net income 0 (422) 0 (1,344)
Included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ distributions 0 0 0 0
Closing balance 0 4,286 0 4,286
Change in unrealized investment gains/(losses) 0 (422) 0 (1,344)
Fixed maturities, available for sale        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 129,046 72,830 119,104 42,894
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in net income (733) (34) (4,043) (34)
Included in OCI (1,243) (3,977) (1,414) (10,600)
Purchases 9,717 27,600 34,178 64,832
Sales 0 0 0 0
Settlements/ distributions (3,319) (468) (14,357) (1,141)
Closing balance 133,468 95,951 133,468 95,951
Change in unrealized investment gains/(losses) 0 0 0 0
Fixed maturities, available for sale | Corporate debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 129,046 72,830 119,104 42,894
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in net income (733) (34) (4,043) (34)
Included in OCI (1,243) (3,977) (1,414) (10,600)
Purchases 9,717 27,600 34,178 64,832
Sales 0 0 0 0
Settlements/ distributions (3,319) (468) (14,357) (1,141)
Closing balance 133,468 95,951 133,468 95,951
Change in unrealized investment gains/(losses) 0 0 0 0
Other investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 119,925 120,778 141,174 110,431
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (25,510) 0 (25,510) 0
Included in net income (1,015) 2,139 (6,006) 324
Included in OCI 0 0 0 0
Purchases 1,761 2,700 21,077 19,640
Sales 0 0 (34,532) 0
Settlements/ distributions (526) (531) (1,568) (5,309)
Closing balance 94,635 125,086 94,635 125,086
Change in unrealized investment gains/(losses) (1,015) 2,139 (14,088) 324
Other investments | CLO-Equities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 4,877 4,808 5,016 5,910
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Included in net income 333 890 1,236 2,566
Included in OCI 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Settlements/ distributions (526) (531) (1,568) (3,309)
Closing balance 4,684 5,167 4,684 5,167
Change in unrealized investment gains/(losses) 333 890 1,236 2,566
Other investments | Other privately held investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Opening balance 115,048 115,970 136,158 104,521
Transfers into Level 3 0 0 0 0
Transfers out of Level 3 (25,510) 0 (25,510) 0
Included in net income (1,348) 1,249 (7,242) (2,242)
Included in OCI 0 0 0 0
Purchases 1,761 2,700 21,077 19,640
Sales 0 0 (34,532) 0
Settlements/ distributions 0 0 0 (2,000)
Closing balance 89,951 119,919 89,951 119,919
Change in unrealized investment gains/(losses) $ (1,348) $ 1,249 $ (15,324) $ (2,242)