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INVESTMENTS - Gross Unrealized Losses (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Fair value    
12 months or greater $ 1,806,373 $ 2,253,146
Less than 12 months 3,443,339 4,880,934
Total 5,249,712 7,134,080
Unrealized losses    
12 months or greater (133,042) (185,909)
Less than 12 months (74,722) (125,426)
Total (207,764) (311,335)
U.S. government and agency    
Fair value    
12 months or greater 205,838 262,368
Less than 12 months 375,531 1,026,139
Total 581,369 1,288,507
Unrealized losses    
12 months or greater (9,688) (17,515)
Less than 12 months (2,383) (15,621)
Total (12,071) (33,136)
Non-U.S. government    
Fair value    
12 months or greater 72,109 98,846
Less than 12 months 225,680 457,889
Total 297,789 556,735
Unrealized losses    
12 months or greater (5,984) (9,179)
Less than 12 months (6,591) (16,781)
Total (12,575) (25,960)
Corporate debt    
Fair value    
12 months or greater 738,285 934,975
Less than 12 months 1,614,646 2,032,254
Total 2,352,931 2,967,229
Unrealized losses    
12 months or greater (57,868) (78,979)
Less than 12 months (39,791) (47,245)
Total (97,659) (126,224)
Agency RMBS    
Fair value    
12 months or greater 255,353 280,550
Less than 12 months 573,326 749,040
Total 828,679 1,029,590
Unrealized losses    
12 months or greater (27,160) (35,333)
Less than 12 months (15,577) (26,657)
Total (42,737) (61,990)
CMBS    
Fair value    
12 months or greater 328,574 410,213
Less than 12 months 231,417 260,411
Total 559,991 670,624
Unrealized losses    
12 months or greater (17,768) (22,334)
Less than 12 months (8,475) (11,836)
Total (26,243) (34,170)
Non-agency RMBS    
Fair value    
12 months or greater 48,450 69,418
Less than 12 months 52,389 8,302
Total 100,839 77,720
Unrealized losses    
12 months or greater (5,905) (9,900)
Less than 12 months (111) (82)
Total (6,016) (9,982)
ABS    
Fair value    
12 months or greater 122,630 147,281
Less than 12 months 361,590 295,897
Total 484,221 443,178
Unrealized losses    
12 months or greater (6,532) (8,471)
Less than 12 months (1,589) (4,806)
Total (8,121) (13,277)
Municipals    
Fair value    
12 months or greater 35,134 49,495
Less than 12 months 8,760 51,002
Total 43,893 100,497
Unrealized losses    
12 months or greater (2,137) (4,198)
Less than 12 months (205) (2,398)
Total $ (2,342) $ (6,596)