XML 78 R63.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value of Financial Instruments - Fair Value Assets Liabilities by Hierarchy Level (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Fair Value by Hierarchy Level [Line Items]    
Loaned securities $ 203,693 $ 112,139
Other invested assets $ 8,625 $ 5,511
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other assets (Note 9) Other liabilities
Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value $ 6,084,225 $ 5,692,276
Derivative assets 1,913 11
Total assets at fair value 6,289,831 5,804,426
Derivative Liabilities 1,509 4,900
Total liabilities at fair value 1,509 4,900
Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,188,228 5,017,711
Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 106,423 115,665
Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 89,057 148,965
Mortgage loans held for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 32,755 3,549
Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 7,196 4,296
Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 660,566 402,090
Partnership investment | Carrying Amount    
Fair Value by Hierarchy Level [Line Items]    
Other invested assets 1,000 1,000
Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 574,337 520,167
Derivative assets 0 0
Total assets at fair value 660,038 584,721
Derivative Liabilities 0 0
Total liabilities at fair value 0 0
Level I | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 124,734 140,011
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 81,170 138,716
Level I | Mortgage loans held for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level I | Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 368,433 241,440
Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,500,192 5,165,313
Derivative assets 1,912 11
Total assets at fair value 5,620,096 5,212,909
Derivative Liabilities 817 42
Total liabilities at fair value 817 42
Level II | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,063,494 4,877,700
Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 106,423 115,665
Level II | Equity securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,387 7,749
Level II | Mortgage loans held for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 32,755 3,549
Level II | Other investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 292,133 160,650
Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 9,696 6,796
Derivative assets 1 0
Total assets at fair value 9,697 6,796
Derivative Liabilities 692 4,858
Total liabilities at fair value 692 4,858
Level III | Total 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 2,500 2,500
Level III | Mortgage loans held for sale | 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 7,196 4,296
Level III | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Loaned securities    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 127,000  
Loaned securities | Equity securities    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 76,000  
Loaned securities | Short-term investments    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 1,000  
U.S. government and agency securities | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 134,593 145,442
U.S. government and agency securities | Level I | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 124,734 140,011
U.S. government and agency securities | Level II | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 9,859 5,431
U.S. government and agency securities | Level III | Total 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 | Loaned securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 9,803  
U.S. government and agency securities | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 9,803  
U.S. government and agency securities | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0  
U.S. government and agency securities | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0  
State and municipal obligations | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 142,785 142,386
State and municipal obligations | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 70,844 70,511
State and municipal obligations | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 2,700 2,785
State and municipal obligations | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 142,785 142,386
State and municipal obligations | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 70,844 70,511
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 2,700 2,785
State and municipal obligations | Level III | Total 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
Corporate bonds and notes | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 2,511,905 2,490,582
Corporate bonds and notes | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 24,913 32,827
Corporate bonds and notes | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 150,930 42,385
Corporate bonds and notes | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 2,511,905 2,490,582
Corporate bonds and notes | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 24,913 32,827
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 150,930 42,385
Corporate bonds and notes | Level III | Total 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 117,992 47,585
Corporate bonds and notes | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0 0
Corporate bonds and notes | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 117,992 47,585
Corporate bonds and notes | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0 0
RMBS | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,014,071 928,399
RMBS | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,930 6,847
RMBS | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,014,071 928,399
RMBS | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,930 6,847
RMBS | Level III | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 558,383 593,357
CMBS | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 4,736 5,480
CMBS | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,347  
CMBS | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 558,383 593,357
CMBS | Level II | Trading securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 4,736 5,480
CMBS | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,347  
CMBS | Level III | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 487,849 498,192
CLO | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 487,849 498,192
CLO | Level III | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 284,559 161,359
Other ABS | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,158  
Other ABS | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 284,559 161,359
Other ABS | Level II | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 1,158  
Other ABS | Level III | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,087 4,975
Foreign government and agency securities | Level I | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 5,087 4,975
Foreign government and agency securities | Level III | Total 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 | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 48,996 53,019
Mortgage insurance-linked notes | Level I | Total 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 | Level II | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 48,996 53,019
Mortgage insurance-linked notes | Level III | Total fixed-maturities available for sale | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 0 0
Equity securities | Loaned securities | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 75,898 64,554
Equity securities | Loaned securities | Level I | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 75,898 64,554
Equity securities | Loaned securities | Level II | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0 0
Equity securities | Loaned securities | Level III | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Loaned securities 0 0
Other investments | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 135,998 115,480
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 135,998 115,480
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
Money market instruments | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 368,433 241,440
Money market instruments | Level I | Short-term investments | Fair Value, Measurements, Recurring    
Fair Value by Hierarchy Level [Line Items]    
Total investments at fair value 368,433 241,440
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