XML 94 R64.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investments - Schedule of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 17,155,012 $ 17,870,206
Percentage of total 100.00% 100.00%
U.S. Government direct, guaranteed, and government-sponsored enterprises    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 358,960 $ 366,151
States, municipalities, and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 2,786,804 2,940,322
Foreign governments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 28,031 34,106
Corporates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 13,861,261 14,405,183
Corporates | Industrials    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 7,182,256 7,655,242
Corporates | Financial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 4,675,930 4,752,179
Corporates | Utilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 2,003,075 1,997,762
Collateralized debt obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 42,866 42,146
Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 77,090 82,298
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 0 $ 0
Percentage of total 0.00% 0.00%
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government direct, guaranteed, and government-sponsored enterprises    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 0 $ 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | States, municipalities, and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign governments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Industrials    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Financial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporates | Utilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized debt obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 16,680,898 $ 17,373,327
Percentage of total 97.00% 97.00%
Significant Other Observable Inputs (Level 2) | U.S. Government direct, guaranteed, and government-sponsored enterprises    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 358,960 $ 366,151
Significant Other Observable Inputs (Level 2) | States, municipalities, and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 2,786,804 2,940,322
Significant Other Observable Inputs (Level 2) | Foreign governments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 28,031 34,106
Significant Other Observable Inputs (Level 2) | Corporates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 13,441,196 13,950,450
Significant Other Observable Inputs (Level 2) | Corporates | Industrials    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 6,998,900 7,440,493
Significant Other Observable Inputs (Level 2) | Corporates | Financial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 4,551,737 4,621,160
Significant Other Observable Inputs (Level 2) | Corporates | Utilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 1,890,559 1,888,797
Significant Other Observable Inputs (Level 2) | Collateralized debt obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Significant Other Observable Inputs (Level 2) | Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 65,907 82,298
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 474,114 $ 496,879
Percentage of total 3.00% 3.00%
Significant Unobservable Inputs (Level 3) | U.S. Government direct, guaranteed, and government-sponsored enterprises    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 0 $ 0
Significant Unobservable Inputs (Level 3) | States, municipalities, and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Significant Unobservable Inputs (Level 3) | Foreign governments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Significant Unobservable Inputs (Level 3) | Corporates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 420,065 454,733
Significant Unobservable Inputs (Level 3) | Corporates | Industrials    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 183,356 214,749
Significant Unobservable Inputs (Level 3) | Corporates | Financial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 124,193 131,019
Significant Unobservable Inputs (Level 3) | Corporates | Utilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 112,516 108,965
Significant Unobservable Inputs (Level 3) | Collateralized debt obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 42,866 42,146
Significant Unobservable Inputs (Level 3) | Other asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value $ 11,183 $ 0