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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 603,119 $ 742,934 $ 600,671
Other comprehensive income (loss), net of tax (Note 15)      
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized 114,917 (584,856) (138,435)
Less: Reclassification adjustment for net gains (losses) on investments included in net income      
Net realized gains (losses) on disposals and non-credit related impairment losses (10,852) (7,880) 4,472
Net decrease (increase) in expected credit losses 0 0 725
Net unrealized gains (losses) on investments 125,769 (576,976) (143,632)
Other adjustments to comprehensive income (loss), net 179 84 0
Other comprehensive income (loss), net of tax 125,948 (576,892) (143,632)
Comprehensive income $ 729,067 $ 166,042 $ 457,039