XML 122 R59.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Financial Instruments - Fair Value Assets Liabilities by Hierarchy Level (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) $ 103,996 $ 57,499
Other investments 4,165 4,973
Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 6,512,377 6,786,469
Embedded derivatives 4,200 5,513
Total assets at fair value 6,620,573 6,849,481
Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,517,078 5,723,340
Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 256,546 290,885
Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 184,245 151,240
Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 551,508 618,004
Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 3,000 3,000
Partnership investment | Carrying Amount    
Fair Value by Hierarchy Level [Line Items]    
Other investments 1,200 2,000
Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 738,480 551,695
Embedded derivatives 0 0
Total assets at fair value 776,482 577,870
Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 192,452 140,034
Level I | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level I | Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 176,828 142,761
Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 369,200 268,900
Level I | Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,770,897 6,231,774
Embedded derivatives 0 0
Total assets at fair value 5,836,891 6,263,098
Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,324,626 5,583,306
Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 256,546 290,885
Level II | Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 7,417 8,479
Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 182,308 349,104
Level II | Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 3,000 3,000
Embedded derivatives 4,200 5,513
Total assets at fair value 7,200 8,513
Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level III | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level III | Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level III | Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 3,000 3,000
Loaned securities | Fixed-maturities available for sale    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 65,600  
Loaned securities | Equity securities    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 38,000  
Loaned securities | Short-term investments    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 400  
U.S. government and agency securities | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 221,730 169,223
U.S. government and agency securities | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 94,665  
U.S. government and agency securities | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 192,452 140,034
U.S. government and agency securities | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 94,665  
U.S. government and agency securities | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 29,278 29,189
U.S. government and agency securities | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
U.S. government and agency securities | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
U.S. government and agency securities | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
U.S. government and agency securities | Loaned securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6)   4,876
U.S. government and agency securities | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6)   4,876
U.S. government and agency securities | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6)   0
U.S. government and agency securities | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6)   0
State and municipal obligations | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 177,257 165,271
State and municipal obligations | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 94,637 120,449
State and municipal obligations | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 12,270 21,819
State and municipal obligations | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
State and municipal obligations | Level I | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
State and municipal obligations | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
State and municipal obligations | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 177,257 165,271
State and municipal obligations | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 94,637 120,449
State and municipal obligations | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 12,270 21,819
State and municipal obligations | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
State and municipal obligations | Level III | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
State and municipal obligations | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Money market instruments | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 274,535 268,900
Money market instruments | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 274,535 268,900
Money market instruments | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Money market instruments | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 2,910,231 3,047,189
Corporate bonds and notes | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 119,186 123,142
Corporate bonds and notes | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 65,191 30,495
Corporate bonds and notes | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Level I | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 2,910,231 3,047,189
Corporate bonds and notes | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 119,186 123,142
Corporate bonds and notes | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 65,191 30,495
Corporate bonds and notes | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Level III | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Corporate bonds and notes | Loaned securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 65,994 31,324
Corporate bonds and notes | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 0 0
Corporate bonds and notes | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 65,994 31,324
Corporate bonds and notes | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 0 0
RMBS | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 705,117 833,939
RMBS | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 9,438 13,000
RMBS | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
RMBS | Level I | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
RMBS | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 705,117 833,939
RMBS | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 9,438 13,000
RMBS | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
RMBS | Level III | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CMBS | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 709,203 681,265
CMBS | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 33,285 34,294
CMBS | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 3,023  
CMBS | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CMBS | Level I | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CMBS | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
CMBS | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 709,203 681,265
CMBS | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 33,285 34,294
CMBS | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 3,023  
CMBS | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CMBS | Level III | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CMBS | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
CLO | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 530,040 568,558
CLO | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
CLO | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 530,040 568,558
CLO | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Other ABS | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 211,187 252,457
Other ABS | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value   219
Other ABS | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Other ABS | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value   0
Other ABS | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 211,187 252,457
Other ABS | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value   219
Other ABS | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Other ABS | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value   0
Foreign government and agency securities | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,296 5,438
Foreign government and agency securities | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Foreign government and agency securities | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,296 5,438
Foreign government and agency securities | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Mortgage insurance-linked notes | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 47,017  
Mortgage insurance-linked notes | Level I | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
Mortgage insurance-linked notes | Level II | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 47,017  
Mortgage insurance-linked notes | Level III | Fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0  
Equity securities | Loaned securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 38,002 21,299
Equity securities | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 38,002 21,299
Equity securities | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 0 0
Equity securities | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities (Notes 5 and 6) 0 0
Other investments | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 101,824 296,571
Other investments | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Other investments | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 101,824 296,571
Other investments | Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value $ 0 $ 0