XML 123 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments - Investment Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net Investment Income [Line Items]      
Net investment income $ 448,538 $ 415,921 $ 402,071
Funds held interest rate, low end of range 0.10% 0.10% 0.10%
Funds held interest rate, high end of range 5.10% 7.40% 7.00%
Fixed maturities      
Net Investment Income [Line Items]      
Net investment income $ 379,939 $ 378,726 $ 382,676
Short-term investments and cash and cash equivalents      
Net Investment Income [Line Items]      
Net investment income 26,981 13,279 5,363
Other invested assets      
Net Investment Income [Line Items]      
Net investment income 68,879 26,234 11,800
Equity, Funds Held And Other      
Net Investment Income [Line Items]      
Net investment income [1] 12,221 21,964 17,256
Funds Held - Directly Managed      
Net Investment Income [Line Items]      
Net investment income [2] 0 4,674 7,742
Investment Expenses      
Net Investment Income [Line Items]      
Net investment income $ (39,482) $ (28,956) $ (22,766)
[1] The Company generally earns investment income on funds held by reinsured companies based upon a predetermined interest rate, either fixed contractually at the inception of the contract or based upon a recognized index (e.g. LIBOR). Interest rates ranged from 0.1% to 5.1%, 0.1% to 7.4% and 0.1% to 7.0% for the years ended December 31, 2019, 2018 and 2017, respectively.
[2] The funds held–directly managed account was settled in 2018 upon commutation of the related Paris Re Reserve Agreement. See also Note 7(a) for further details.