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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Gross realized investment gains      
Fixed maturities, short-term investments, and cash and cash equivalents $ 77,525 $ 32,920 $ 16,671
Equity securities 32,292 16,847 7,687
Gross realized investment gains 109,817 49,767 24,358
Gross realized investment losses      
Fixed maturities, short-term investments, and cash and cash equivalents (230,774) (158,080) (328,493)
Equity securities (15,251) (639) (406)
Mortgage loans (7,215) 0 0
Gross realized investment losses (253,240) (158,719) (328,899)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale 6,821 974 (11,421)
(Increase) decrease in allowance for expected credit losses, mortgage loans (17,159) (6,220) 0
Impairment losses (408) (12,757) (12,568)
Change in fair value of investment derivatives 1,783 (1,456) 7,656
Net unrealized gains (losses) on equity securities 13,852 53,781 (135,915)
Total net investment gains (losses) $ (138,534) $ (74,630) $ (456,789)