Allowance for Expected Credit Losses

9 Months Ended

Sep. 30, 2023

Allowance for Expected Credit Losses [Abstract]

Allowance for Expected Credit Losses

12 - Allowance for Expected Credit Losses

Held-to-Maturity Fixed-Maturity Securities

The following table presents the balances for fixed maturities classified as held-to-maturity, net of the allowance for expected credit losses, at September 30, 2023 and 2022 and changes in the allowance for expected credit losses for the three and nine months ended September 30, 2023 and 2022.

	At and For the Three Months Ended September 30, 2023					At and For the Three Months Ended September 30, 2022
	Held-to- Maturity, Net of Allowance for Expected Credit Losses			Allowance for Expected Credit Losses		Held-to- Maturity, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
	(in thousands)
Balance at beginning of period		$	685,402	$	1,324	$	700,335	$	—
Current period change for expected credit losses					35				—
Balance at end of period		$	683,912	$	1,359	$	696,392	$	—

	At and For the Nine Months Ended September 30, 2023				At and For the Nine Months Ended September 30, 2022
	Held-to- Maturity, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses		Held-to- Maturity, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
	(in thousands)
Balance at beginning of period	$	688,439	$	—	$	668,105	$	—
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1				1,268				—
Current period change for expected credit losses				91				—
Balance at end of period	$	683,912	$	1,359	$	696,392	$	—

Reinsurance Receivable

The following table presents the balances for reinsurance receivable, net of the allowance for expected credit losses, at September 30, 2023 and 2022, and the changes in the allowance for expected credit losses for the three and nine months ended September 30, 2023 and 2022.

	At and For the Three Months Ended September 30, 2023					At and For the Three Months Ended September 30, 2022
	Reinsurance Receivable, Net of Allowance for Expected Credit Losses			Allowance for Expected Credit Losses		Reinsurance Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
	(in thousands)
Balance at beginning of period		$	460,681	$	1,567	$	445,151	$	—
Current period change for expected credit losses					38				—
Balance at end of period		$	437,889	$	1,605	$	451,847	$	—

	At and For the Nine Months Ended September 30, 2023				At and For the Nine Months Ended September 30, 2022
	Reinsurance Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses		Reinsurance Receivable, Net of Allowance for Expected Credit Losses		Allowance for Expected Credit Losses
	(in thousands)
Balance at beginning of period	$	456,522	$	—	$	455,411	$	—
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1				1,132				—
Current period change for expected credit losses				473				—
Balance at end of period	$	437,889	$	1,605	$	451,847	$	—