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INVESTMENTS - Gross Unrealized Losses (Details)
$ in Thousands
Jun. 30, 2024
USD ($)
security
Dec. 31, 2023
USD ($)
security
Fair value    
12 months or greater $ 4,967,984 $ 6,293,107
Less than 12 months 3,566,492 1,617,343
Total 8,534,476 7,910,450
Unrealized losses    
12 months or greater (423,271) (453,997)
Less than 12 months (42,514) (26,518)
Total $ (465,785) $ (480,515)
Number of securities in unrealized loss position | security 4,248 3,535
Number of securities in a continuous unrealized loss position | security 2,909 3,212
Below Investment Grade or Not Rated    
Unrealized losses    
Total $ (12,000) $ (13,000)
U.S. government and agency    
Fair value    
12 months or greater 613,647 846,503
Less than 12 months 1,129,410 867,733
Total 1,743,057 1,714,236
Unrealized losses    
12 months or greater (36,799) (42,465)
Less than 12 months (10,500) (12,663)
Total (47,299) (55,128)
Non-U.S. government    
Fair value    
12 months or greater 211,122 233,038
Less than 12 months 348,236 115,112
Total 559,358 348,150
Unrealized losses    
12 months or greater (18,833) (18,178)
Less than 12 months (4,417) (683)
Total (23,250) (18,861)
Corporate debt    
Fair value    
12 months or greater 2,173,470 2,623,304
Less than 12 months 1,202,422 240,813
Total 3,375,892 2,864,117
Unrealized losses    
12 months or greater (194,191) (210,512)
Less than 12 months (16,646) (5,966)
Total (210,837) (216,478)
Agency RMBS    
Fair value    
12 months or greater 765,043 778,656
Less than 12 months 501,789 218,606
Total 1,266,832 997,262
Unrealized losses    
12 months or greater (87,306) (80,070)
Less than 12 months (6,712) (2,968)
Total (94,018) (83,038)
CMBS    
Fair value    
12 months or greater 666,929 703,411
Less than 12 months 81,346 75,242
Total 748,275 778,653
Unrealized losses    
12 months or greater (47,722) (54,856)
Less than 12 months (2,290) (3,552)
Total (50,012) (58,408)
Non-agency RMBS    
Fair value    
12 months or greater 77,872 98,483
Less than 12 months 10,373 10,017
Total 88,245 108,500
Unrealized losses    
12 months or greater (11,582) (13,013)
Less than 12 months (42) (20)
Total (11,624) (13,033)
ABS    
Fair value    
12 months or greater 342,311 879,743
Less than 12 months 272,328 83,582
Total 614,639 963,325
Unrealized losses    
12 months or greater (17,096) (24,747)
Less than 12 months (1,403) (274)
Total (18,499) (25,021)
Municipals    
Fair value    
12 months or greater 117,590 129,969
Less than 12 months 20,588 6,238
Total 138,178 136,207
Unrealized losses    
12 months or greater (9,742) (10,156)
Less than 12 months (504) (392)
Total $ (10,246) $ (10,548)