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Fair value - Level 3 rollforward (Details) - Recurring - Significant Unobservable Inputs (Level 3) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Beginning balance $ 145,572 $ 164,767
Transfers in (out) of Level 3 [1]   (22,560)
Net Purchases (Sales) 3,235 [2] 30,607
Net Unrealized Gains (Losses) [3] (1,807) (677)
Net Unrealized Foreign Exchange Gains (Losses) 0 (399)
Ending balance 147,000 171,738
Term loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Beginning balance 36,048 47,479
Transfers in (out) of Level 3 [1]   0
Net Purchases (Sales) (74) [2] 163
Net Unrealized Gains (Losses) [3] (29) (274)
Net Unrealized Foreign Exchange Gains (Losses) 0 0
Ending balance 35,945 47,368
Fixed maturities | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Beginning balance 933 24,277
Transfers in (out) of Level 3 [1]   0
Net Purchases (Sales) 32 [2] (90)
Net Unrealized Gains (Losses) [3] 0 (69)
Net Unrealized Foreign Exchange Gains (Losses) 0 (399)
Ending balance 965 23,719
Fixed maturities | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Beginning balance   22,560
Transfers in (out) of Level 3 [1]   (22,560)
Net Purchases (Sales)   0
Net Unrealized Gains (Losses) [3]   0
Net Unrealized Foreign Exchange Gains (Losses)   0
Ending balance   0
Equities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Beginning balance 108,591 70,451
Transfers in (out) of Level 3 [1]   0
Net Purchases (Sales) 3,277 [2] 30,534
Net Unrealized Gains (Losses) [3] (1,778) (334)
Net Unrealized Foreign Exchange Gains (Losses) 0 0
Ending balance $ 110,090 $ 100,651
[1] During the three months ended March 31, 2019, the Company obtained pricing for an asset-backed security, for which pricing was not available as of December 31, 2018. As such, the security was transferred from Level 3 to Level 2 at its fair value as of December 31, 2018.
[2] For the three months ended March 31, 2020, the net purchases (sales) consisted of purchases of $3.3 million of equities and $32.0 thousand of corporate bonds, partially offset by calls and redemptions of $74.0 thousand of term loans. For the three months ended March 31, 2019, the net purchases (sales) consisted of purchases of $37.8 million of equities and $237.0 thousand of term loans, offset in part by sales, calls and redemptions of $7.3 million of equities, $89.9 thousand of corporate bonds and $74.0 thousand of term loans.
[3] Realized and unrealized gains or losses on Level 3 investments are included in “realized and unrealized gain (loss) on investments” in the Company’s consolidated statements of income (loss).