XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.2
INVESTMENTS - Fixed Maturities Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Available for sale            
Amortized cost $ 13,009,189   $ 12,634,254      
Allowance for expected credit losses (4,631) $ (4,237) (10,759) $ (10,551) $ (12,645) $ (11,733)
Gross unrealized gains 46,364   91,762      
Gross unrealized losses (465,785)   (480,515)      
Fair value 12,585,137   12,234,742      
U.S. government and agency            
Available for sale            
Amortized cost 2,713,759   3,049,445      
Allowance for expected credit losses 0   0      
Gross unrealized gains 6,506   13,211      
Gross unrealized losses (47,299)   (55,128)      
Fair value 2,672,966   3,007,528      
Non-U.S. government            
Available for sale            
Amortized cost 771,227   729,761      
Allowance for expected credit losses (74)   (30)      
Gross unrealized gains 3,605   13,089      
Gross unrealized losses (23,250)   (18,861)      
Fair value 751,508   723,959      
Corporate debt            
Available for sale            
Amortized cost 5,271,600   4,651,654      
Allowance for expected credit losses (4,303)   (10,438)      
Gross unrealized gains 30,067   49,434      
Gross unrealized losses (210,837)   (216,478)      
Fair value 5,086,527   4,474,172      
Agency RMBS            
Available for sale            
Amortized cost 1,692,741   1,706,204      
Allowance for expected credit losses 0   0      
Gross unrealized gains 2,304   11,495      
Gross unrealized losses (94,018)   (83,038)      
Fair value 1,601,027   1,634,661      
CMBS            
Available for sale            
Amortized cost 874,187   897,553      
Allowance for expected credit losses 0   0      
Gross unrealized gains 540   551      
Gross unrealized losses (50,012)   (58,408)      
Fair value 824,715   839,696      
Non-agency RMBS            
Available for sale            
Amortized cost 138,135   165,910      
Allowance for expected credit losses (203)   (194)      
Gross unrealized gains 456   713      
Gross unrealized losses (11,624)   (13,033)      
Fair value 126,764   153,396      
ABS            
Available for sale            
Amortized cost 1,386,533   1,265,187      
Allowance for expected credit losses (51)   (50)      
Gross unrealized gains 2,661   2,855      
Gross unrealized losses (18,499)   (25,021)      
Fair value 1,370,644   1,242,971      
Municipals            
Available for sale            
Amortized cost 161,007   168,540      
Allowance for expected credit losses 0   (47)      
Gross unrealized gains 225   414      
Gross unrealized losses (10,246)   (10,548)      
Fair value $ 150,986   $ 158,359