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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Summary of Derivative Instruments [Abstract]  
Schedule of Location on Consolidated Balance Sheets and Fair Value of Principal Derivative Instruments
The tables below show the gross and net amounts of recognized derivative assets and liabilities at fair value, including the location on the consolidated balance sheets of the Company’s principal derivative instruments:
Derivative Assets
At December 31, 2022Gross Amounts of Recognized AssetsGross Amounts Offset in the Balance Sheet Net Amounts of Assets Presented in the Balance SheetBalance Sheet LocationCollateralNet Amount
Derivative Instruments Not Designated as Hedges
Interest rate futures
$387 $— $387 Other assets$— $387 
Foreign currency forward contracts (1)
31,755 — 31,755 Other assets— 31,755 
Foreign currency forward contracts (2)
11,866 — 11,866 Other assets— 11,866 
Credit default swaps
413 — 413 Other assets— 413 
Total derivative instruments not designated as hedges
44,421 — 44,421 — 44,421 
Total$44,421 $— $44,421 $— $44,421 
Derivative Liabilities
At December 31, 2022Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Balance Sheet Net Amounts of Liabilities Presented in the Balance SheetBalance Sheet LocationCollateral PledgedNet Amount
Derivative Instruments Not Designated as Hedges
Interest rate futures
$1,685 $— $1,685 Other liabilities$209 $1,476 
Foreign currency forward contracts (1)
1,160 — 1,160 Other liabilities— 1,160 
Foreign currency forward contracts (2)
2,165 — 2,165 Other liabilities— 2,165 
Credit default swaps
1,055 — 1,055 Other assets100 955 
Equity futures
323 — 323 Other liabilities— 323 
Total derivative instruments not designated as hedges
6,388 — 6,388 309 6,079 
Derivative Instruments Designated as Hedges
Foreign currency forward contracts (3)
1,193 — 1,193 Other liabilities— 1,193 
Total$7,581 $— $7,581 $309 $7,272 
(1)Contracts used to manage foreign currency risks in underwriting and non-investment operations.
(2)Contracts used to manage foreign currency risks in investment operations.
(3)Contracts designated as hedges of net investments in a foreign operation.
Derivative Assets
At December 31, 2021Gross Amounts of Recognized AssetsGross Amounts Offset in the Balance Sheet Net Amounts of Assets Presented in the Balance SheetBalance Sheet LocationCollateralNet Amount
Derivative Instruments Not Designated as Hedges
Interest rate futures
$1,068 $— $1,068 Other assets$— $1,068 
Foreign currency forward contracts (1)
13,730 — 13,730 Other assets— 13,730 
Foreign currency forward contracts (2)
1,247 — 1,247 Other assets— 1,247 
Credit default swaps
478 — 478 Other assets— 478 
Total derivative instruments not designated as hedges16,523 — 16,523 — 16,523 
Derivative Instruments Designated as Hedges
Foreign currency forward contracts (3)
1,366 — 1,366 Other assets— 1,366 
Total
$17,889 $— $17,889 $— $17,889 
Derivative Liabilities
At December 31, 2021Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Balance Sheet Net Amounts of Liabilities Presented in the Balance SheetBalance Sheet LocationCollateral PledgedNet Amount
Derivative Instruments Not Designated as Hedges
Interest rate futures
$1,426 $— $1,426 Other liabilities$1,426 $— 
Foreign currency forward contracts (1)
7,880 — 7,880 Other liabilities— 7,880 
Foreign currency forward contracts (2)
3,412 — 3,412 Other liabilities— 3,412 
Equity futures173 — 173 Other liabilities173 — 
Total derivative instruments not designated as hedges12,891 — 12,891 1,599 11,292 
Derivative Instruments Designated as Hedges
Foreign currency forward contracts (3)
4,063 — 4,063 Other liabilities— 4,063 
Total
$16,954 $— $16,954 $1,599 $15,355 
(1)Contracts used to manage foreign currency risks in underwriting and non-investment operations.
(2)Contracts used to manage foreign currency risks in investment operations.
(3)Contracts designated as hedges of net investments in foreign operations.
Schedule of Gain (Loss) Recognized in Consolidated Statements of Operations Related to Principal Derivative Instruments
The location and amount of the gain (loss) recognized in the Company’s consolidated statements of operations related to its principal derivative instruments are shown in the following table:
Location of gain (loss)
recognized on derivatives		Amount of gain (loss) recognized on
derivatives
Year ended December 31,202220212020
Derivative Instruments Not Designated as Hedges
Interest rate futures (4)
Net realized and unrealized gains (losses) on investments$(86,863)$(15,846)$103,102 
Interest rate swaps (4)
Net realized and unrealized gains (losses) on investments— (1,184)2,334 
Foreign currency forward contracts (1)
Net foreign exchange gains (losses)(51,401)(19,151)24,309 
Foreign currency forward contracts (2)
Net foreign exchange gains (losses)21,689 (1,521)(4,450)
Credit default swaps (4)
Net realized and unrealized gains (losses) on investments(9,084)3,479 (1,304)
Total return swaps (4)
Net realized and unrealized gains (losses) on investments(6)1,314 (5,479)
Equity futures (5)
Net realized and unrealized gains (losses) on investments(69,972)— (30,045)
WarrantsNet realized and unrealized losses on investments632 — — 
Total derivative instruments not designated as hedges
(195,005)(32,909)88,467 
Derivative instruments designated as hedges
Foreign currency forward contracts (3)
Accumulated other comprehensive income (loss)6,466 (4,535)11,685 
Total derivative instruments designated as hedges
6,466 (4,535)11,685 
Total$(188,539)$(37,444)$100,152 
(1)Contracts used to manage foreign currency risks in underwriting and non-investment operations.
(2)Contracts used to manage foreign currency risks in investment operations.
(3)Contracts designated as hedges of net investments in foreign operations.
(4)Fixed income related derivatives included in net realized and unrealized gains (losses) on investment-related derivatives. See “Note 4. Investments” for additional information.
(5)Equity related derivatives included in net realized and unrealized gains (losses) on investment-related derivatives. See “Note 4. Investments” for additional information.
Schedule of Derivative Instruments Designated as Hedges of a Net Investment in a Foreign Operation
The table below provides a summary of derivative instruments designated as hedges of net investments in foreign operations, including the weighted average U.S. dollar equivalent of foreign denominated net (liabilities) assets that were hedged and the resulting derivative gain that are recorded in foreign currency translation adjustments, net of tax, within accumulated other comprehensive loss on the Company’s consolidated statements of changes in shareholders’ equity:
Year ended December 31,20222021
Weighted average of U.S. dollar equivalent of foreign denominated net assets (liabilities)$73,472 $(66,438)
Derivative gains (losses) (1)
$6,466 $(4,535)
(1)Derivative gains (losses) from derivative instruments designated as hedges of the net investment in foreign operations are recorded in foreign currency translation adjustments, net of tax, within accumulated other comprehensive income (loss) on the Company’s consolidated statements of changes in shareholders’ equity.