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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Gross realized investment gains    
Fixed maturities, short-term investments, and cash and cash equivalents $ 22,138 $ 14,399
Equity securities 36,068 30,626
Gross realized investment gains 58,206 45,025
Gross realized investment losses    
Fixed maturities, short-term investments, and cash and cash equivalents (51,739) (43,932)
Equity securities (8,871) (7,712)
Gross realized investment losses (60,610) (51,644)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale (245) 6,522
(Increase) decrease in allowance for expected credit losses, mortgage loans (2,484) (1,858)
Impairment losses (1,926) (8)
Change in fair value of investment derivatives (416) 795
Net unrealized gains (losses) on equity securities (22,530) (8,039)
Total net investment gains (losses) $ (30,005) $ (9,207)