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Derivative Instruments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Derivative offsetting [Abstract]      
Derivative assets subject to master netting agreements $ 97,800 $ 80,400  
Derivative liabilities subject to master netting agreements 37,800 18,900  
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments [1] 119,741 15,636 $ (7,356)
Not Designated as Hedging Instrument      
Derivative [Line Items]      
Asset derivatives - fair value 103,956 82,185  
Liability derivatives - fair value (39,750) (20,664)  
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments 119,741 15,636 (7,356)
Not Designated as Hedging Instrument | Futures contracts      
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments 114,123 48,443 9,318
Not Designated as Hedging Instrument | Futures contracts | Other investments available for sale, at fair value      
Derivative [Line Items]      
Asset derivatives - fair value [2] 10,065 51,800  
Liability derivatives - fair value [2] (13,722) (2,115)  
Net derivatives - notional value [2],[3] 4,104,559 3,153,518  
Not Designated as Hedging Instrument | Foreign currency forward contracts      
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments (9,499) (21,770) (14,495)
Not Designated as Hedging Instrument | Foreign currency forward contracts | Other investments available for sale, at fair value      
Derivative [Line Items]      
Asset derivatives - fair value [2] 5,352 8,147  
Liability derivatives - fair value [2] (5,327) (7,796)  
Net derivatives - notional value [2],[3] 686,878 1,008,907  
Not Designated as Hedging Instrument | TBAs      
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments 463 (133) 9
Not Designated as Hedging Instrument | TBAs | Fixed maturities available for sale, at fair value      
Derivative [Line Items]      
Asset derivatives - fair value [4] 55,010 8,292  
Liability derivatives - fair value [4] 0 0  
Net derivatives - notional value [3],[4] 53,229 8,132  
Not Designated as Hedging Instrument | Other      
Net realized gains (losses) on derivative instruments      
Net realized gains (losses) on derivative instruments 14,654 (10,904) $ (2,188)
Not Designated as Hedging Instrument | Other | Other investments available for sale, at fair value      
Derivative [Line Items]      
Asset derivatives - fair value [2] 33,529 13,946  
Liability derivatives - fair value [2] (20,701) (10,753)  
Net derivatives - notional value [2],[3] $ 4,356,300 $ 2,213,981  
[1]
See Note 10 for information on the Company’s derivative instruments.
[2]
The fair value of asset derivatives are included in ‘other assets’ and the fair value of liability derivatives are included in ‘other liabilities.’ Such amounts include risk in force on GSE credit-risk sharing transactions that are accounted for as derivatives.
[3]
Represents the absolute notional value of all outstanding contracts, consisting of long and short positions.
[4]
The fair value of TBAs are included in ‘fixed maturities available for sale, at fair value.’