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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summary of Tax Effects Allocated to Each Component of Other Comprehensive Income (Loss)
The following table presents the tax effects allocated to each component of other comprehensive income (loss):
Before tax amountIncome tax (expense) benefitNet of tax amount
Year ended December 31, 2024
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized$(44,964)$11,934 $(33,030)
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized(278)30 (248)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)
170,984 (15,664)155,320 
Unrealized gains (losses) arising during the year, net of reclassification adjustment125,742 (3,700)122,042 
Foreign currency translation adjustment(23,763) (23,763)
Total other comprehensive income (loss), net of tax$101,979 $(3,700)$98,279 
Year ended December 31, 2023
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized$294,933 $(36,993)$257,940 
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized11,220 (1,637)9,583 
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)142,324 (13,811)128,513 
Unrealized gains (losses) arising during the year, net of reclassification adjustment448,477 (52,441)396,036 
Foreign currency translation adjustment(1,572)— (1,572)
Total other comprehensive income (loss), net of tax$446,905 $(52,441)$394,464 
Year ended December 31, 2022
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized$(1,171,381)$127,756 $(1,043,625)
Unrealized gains (losses) arising during the year for which an allowance
for expected credit losses has been recognized
(73,063)5,913 (67,150)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)335,294 (30,369)304,925 
Unrealized gains (losses) arising during the year, net of reclassification adjustment(909,150)103,300 (805,850)
Foreign currency translation adjustment(10,986)— (10,986)
Total other comprehensive income (loss), net of tax$(920,136)$103,300 $(816,836)
Summary of Reclassifications Out of AOCI Into Net Income Available to Common Shareholders
The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("AOCI") to net income (loss):
Amounts reclassified from AOCI(1)
AOCI componentsConsolidated statement of operations line item that includes reclassification adjustmentYear ended December 31,
202420232022
Unrealized gains (losses) on available for sale investments
Other realized and unrealized investment gains (losses)
$(170,576)$(129,567)$(322,726)
Impairment losses(408)(12,757)(12,568)
Total before tax(170,984)(142,324)(335,294)
Income tax (expense) benefit15,664 13,811 30,369 
Net of tax$(155,320)$(128,513)$(304,925)
(1)    Amounts in parentheses are charges to net income (loss).