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INVESTMENT OPERATIONS - Schedule of Amortized Cost and Fair Value of the Company's Investments Classified as Available-for-Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Schedule of Investments [Line Items]      
Amortized Cost $ 62,741,533   $ 61,970,744
Gross Unrealized Gains 5,019,654   3,100,992
Gross Unrealized Losses (518,856)   (325,660)
Allowance for Expected Credit Losses (82,081)    
Fair Value 67,160,250   64,746,076
Residential mortgage-backed securities      
Schedule of Investments [Line Items]      
Amortized Cost 6,783,626   5,812,170
Gross Unrealized Gains 231,006   125,493
Gross Unrealized Losses (503)   (6,322)
Allowance for Expected Credit Losses 0    
Fair Value 7,014,129   5,931,341
Commercial mortgage-backed securities      
Schedule of Investments [Line Items]      
Amortized Cost 2,482,700   2,588,575
Gross Unrealized Gains 87,882   54,385
Gross Unrealized Losses (29,100)   (3,292)
Allowance for Expected Credit Losses 0    
Fair Value 2,541,482   2,639,668
Other asset-backed securities      
Schedule of Investments [Line Items]      
Amortized Cost 1,704,674   1,764,120
Gross Unrealized Gains 26,109   32,041
Gross Unrealized Losses (28,104)   (14,926)
Allowance for Expected Credit Losses (655) $ (658) 0
Fair Value 1,702,024   1,781,235
U.S. government-related securities      
Schedule of Investments [Line Items]      
Amortized Cost 1,145,220   1,032,048
Gross Unrealized Gains 29,542   5,664
Gross Unrealized Losses (844)   (5,316)
Allowance for Expected Credit Losses 0    
Fair Value 1,173,918   1,032,396
Other government-related securities      
Schedule of Investments [Line Items]      
Amortized Cost 566,961   548,136
Gross Unrealized Gains 63,570   51,024
Gross Unrealized Losses (4,361)   (1,991)
Allowance for Expected Credit Losses 0    
Fair Value 626,170   597,169
States, municipals, and political subdivisions      
Schedule of Investments [Line Items]      
Amortized Cost 4,143,375   4,415,008
Gross Unrealized Gains 424,024   225,072
Gross Unrealized Losses (5,033)   (1,230)
Allowance for Expected Credit Losses 0    
Fair Value 4,562,366   4,638,850
Corporate securities      
Schedule of Investments [Line Items]      
Amortized Cost 44,810,937   44,493,799
Gross Unrealized Gains 4,157,060   2,603,636
Gross Unrealized Losses (450,052)   (288,334)
Allowance for Expected Credit Losses (81,426) (51,135) 0
Fair Value 48,436,519   46,809,101
Redeemable preferred stocks      
Schedule of Investments [Line Items]      
Amortized Cost 66,071   87,237
Gross Unrealized Gains 461   3,677
Gross Unrealized Losses (859)   (4,249)
Allowance for Expected Credit Losses 0    
Fair Value 65,673   86,665
Fixed maturities      
Schedule of Investments [Line Items]      
Amortized Cost 61,703,564   60,741,093
Gross Unrealized Gains 5,019,654   3,100,992
Gross Unrealized Losses (518,856)   (325,660)
Allowance for Expected Credit Losses (82,081) $ (51,793) 0
Fair Value 66,122,281   63,516,425
Short-term investments      
Schedule of Investments [Line Items]      
Amortized Cost 1,037,969   1,229,651
Gross Unrealized Gains 0   0
Gross Unrealized Losses 0   0
Allowance for Expected Credit Losses 0    
Fair Value $ 1,037,969   $ 1,229,651