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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Gross realized investment gains        
Fixed maturities, short-term investments, and cash and cash equivalents $ 19,394 $ 6,182 $ 41,532 $ 20,581
Equity securities 4,032 0 40,100 30,626
Gross realized investment gains 23,426 6,182 81,632 51,207
Gross realized investment losses        
Fixed maturities, short-term investments, and cash and cash equivalents (27,673) (52,587) (79,412) (96,519)
Equity securities (2,719) 0 (11,590) (7,712)
Gross realized investment losses (30,392) (52,587) (91,002) (104,231)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale (859) (394) (1,104) 6,128
(Increase) decrease in allowance for expected credit losses, mortgage loans (1,473) (12,569) (3,958) (14,428)
Impairment losses (400) (156) (2,326) (164)
Change in fair value of investment derivatives (1,035) 228 (1,451) 1,023
Net unrealized gains (losses) on equity securities 54,201 5,817 31,671 (2,222)
Total net investment gains (losses) $ 43,468 $ (53,479) $ 13,462 $ (62,687)