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Fair value - Level 3 rollforward (Details) - Recurring - Significant Unobservable Inputs (Level 3) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Beginning balance $ 147,000 $ 171,738 $ 145,572 $ 164,767
Transfers in (out) of Level 3 [1]       (22,560)
Net Purchases (Sales) (22,600) 170 [2] (19,365) [3] 30,777 [3]
Net Unrealized Gains (Losses) 13,095 2,492 [4] 11,288 [4] 1,815 [4]
Net Unrealized Foreign Exchange Gains (Losses) 0 311 0 (88)
Ending balance 137,495 174,711 137,495 174,711
Term loans        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Beginning balance 35,945 47,368 36,048 47,479
Transfers in (out) of Level 3 [1]       0
Net Purchases (Sales) (7,184) 170 [2] (7,258) [3] 333 [3]
Net Unrealized Gains (Losses) (108) 1,047 [4] (137) [4] 773 [4]
Net Unrealized Foreign Exchange Gains (Losses) 0 0 0 0
Ending balance 28,653 48,585 28,653 48,585
Fixed maturities | Corporate bonds        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Beginning balance 965 23,719 933 24,277
Transfers in (out) of Level 3 [1]       0
Net Purchases (Sales) 33 0 [2] 65 [3] (90) [3]
Net Unrealized Gains (Losses) 0 (110) [4] 0 [4] (179) [4]
Net Unrealized Foreign Exchange Gains (Losses) 0 311 0 (88)
Ending balance 998 23,920 998 23,920
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) [3]       0
Net Unrealized Gains (Losses) [4]       0
Net Unrealized Foreign Exchange Gains (Losses)       0
Ending balance   0   0
Equities        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Beginning balance 110,090 100,651 108,591 70,451
Transfers in (out) of Level 3 [1]       0
Net Purchases (Sales) (15,449) 0 [2] (12,172) [3] 30,534 [3]
Net Unrealized Gains (Losses) 13,203 1,555 [4] 11,425 [4] 1,221 [4]
Net Unrealized Foreign Exchange Gains (Losses) 0 0 0 0
Ending balance $ 107,844 $ 102,206 $ 107,844 $ 102,206
[1] During the six months ended June 30, 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 June 30, 2020, the net purchases (sales) consisted of sales of equities of $25.1 million and sales, calls and redemptions of $7.2 million of term loans, offset by purchases of $9.6 million of equities and $33.0 thousand of corporate bonds. For the three months ended June 30, 2019, the net purchases (sales) consisted of purchases of $0.2 million of term loans, offset in part by calls and redemptions of $0.1 million.
[3] For the six months ended June 30, 2020, the net purchases (sales) consisted of sales of $25.1 million of equities and $7.3 million of sales, calls and redemptions of term loans, offset by purchases of $12.9 million of equities and $65.0 thousand of corporate bonds. For the six months ended June 30, 2019, the net purchases (sales) consisted of purchases of $37.8 million of equities and $0.5 million of term loans, offset in part by the sale of $7.3 million of equities, $0.1 million of redemptions of term loans and $0.1 million of corporate bonds.
[4] 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).