XML 127 R111.htm IDEA: XBRL DOCUMENT v3.24.1
Retirement Benefit Arrangements - Active Defined Benefit Plan (Details) - Zurich Plan - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Funded status:      
Unfunded pension obligation at beginning of year $ 9,538 $ 32,636  
Change in pension obligation:      
Service cost 7,300 8,746  
Interest cost 3,707 373  
Plan participants’ contributions 4,194 3,792  
Actuarial losses (gains) 18,002 (37,992)  
Plan amendments (2,606) 0  
Benefits paid 1,775 (4,576)  
Foreign currency adjustments 18,500 (3,736)  
Settlements (13,064) 0  
Change in pension obligation 37,808 (33,393)  
Change in fair value of plan assets:      
Actual return on plan assets 5,590 (14,936) $ 7,000
Employer contributions 8,396 7,658  
Plan participants’ contributions 4,194 3,792  
Benefits paid 1,775 (4,576)  
Foreign currency adjustments 16,658 (2,233)  
Settlements (13,064) 0  
Change in fair value of plan assets 23,549 (10,295)  
Funded status:      
Unfunded pension obligation at end of year 23,797 9,538 $ 32,636
Additional information:      
Projected benefit obligation at end of year [1] 207,336 169,527  
Accumulated pension obligation at end of year [2] $ 200,462 $ 167,560  
Pension obligation - assumptions used      
Discount rate 1.30% 2.20% 0.20%
Interest crediting rate 1.30% 2.20% 1.00%
Rate of compensation increase 2.25% 2.25% 2.00%
Net periodic benefit cost - assumptions used      
Discount rate 2.20% 0.20% 0.10%
Interest crediting rate 2.20% 1.00% 1.00%
Expected return on plan assets 5.00% 4.25% 3.50%
Rate of compensation increase 2.25% 2.00% 2.00%
Defined Benefit Plan Estimated Future Benefit Payments Abstract      
2024 $ 13,455    
2025 11,660    
2026 12,846    
2027 11,225    
2028 10,689    
2029 to 2033 57,052    
Significant other observable inputs (Level 2) | Insured funds      
Additional information:      
Fair value of plan assets at end of year $ 183,539 $ 159,989  
[1] Represents the actuarial present value of all benefits attributed to employee service rendered to December 31, measured using assumptions as to future compensation levels
[2] Represents the actuarial present value of benefits (whether vested or non-vested) attributed to employee service rendered and compensation to December 31, with no assumption about future compensation levels