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Investment Information - Summary of available for sale securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Available for sale securities:    
Estimated Fair Value $ 16,841,571 $ 16,894,526
Estimated Fair Value 944,531 956,546
Estimated Fair Value 17,963,544 18,219,582
Gross Unrealized Gains 447,088 351,114
Gross Unrealized Losses (350,788) (55,003)
Allowance for Expected Credit Losses (9,938) 0
Cost or Amortized Cost 16,757,086 16,598,808
Cost or Amortized Cost 944,878 957,283
Cost or Amortized Cost 17,877,182 17,923,471
Fixed maturities    
Available for sale securities:    
Estimated Fair Value [1] 17,019,013 17,263,036
Gross Unrealized Gains [2] 444,627 350,303
Gross Unrealized Losses [2] (348,009) (53,455)
Allowance for Expected Credit Losses [2],[3] (9,909)  
Cost or Amortized Cost [1],[2] 16,932,304 16,966,188
Fixed maturities | Corporate bonds    
Available for sale securities:    
Estimated Fair Value 6,552,825 6,406,591
Gross Unrealized Gains [2] 176,246 191,889
Gross Unrealized Losses [2] (118,340) (12,793)
Allowance for Expected Credit Losses [2],[3] (7,233)  
Cost or Amortized Cost [2] 6,502,152 6,227,495
Fixed maturities | Mortgage backed securities    
Available for sale securities:    
Estimated Fair Value 466,045 562,309
Gross Unrealized Gains [2] 16,006 9,669
Gross Unrealized Losses [2] (6,208) (931)
Allowance for Expected Credit Losses [2],[3] (208)  
Cost or Amortized Cost [2] 456,455 553,571
Fixed maturities | Municipal bonds    
Available for sale securities:    
Estimated Fair Value 862,415 881,926
Gross Unrealized Gains [2] 27,287 24,628
Gross Unrealized Losses [2] (7,550) (2,213)
Allowance for Expected Credit Losses [2],[3] (23)  
Cost or Amortized Cost [2] 842,701 859,511
Fixed maturities | Commercial mortgage backed securities    
Available for sale securities:    
Estimated Fair Value 780,358 733,108
Gross Unrealized Gains [2] 11,657 14,951
Gross Unrealized Losses [2] (18,410) (2,330)
Allowance for Expected Credit Losses [2],[3] (306)  
Cost or Amortized Cost [2] 787,417 720,487
Fixed maturities | US government and government agencies    
Available for sale securities:    
Estimated Fair Value 4,574,630 4,916,592
Gross Unrealized Gains [2] 143,987 36,600
Gross Unrealized Losses [2] (300) (10,134)
Allowance for Expected Credit Losses [2],[3] 0  
Cost or Amortized Cost [2] 4,430,943 4,890,126
Fixed maturities | Non-US government securities    
Available for sale securities:    
Estimated Fair Value 2,035,459 2,078,757
Gross Unrealized Gains [2] 57,289 48,549
Gross Unrealized Losses [2] (105,533) (20,330)
Allowance for Expected Credit Losses [2],[3] 0  
Cost or Amortized Cost [2] 2,083,703 2,050,538
Fixed maturities | Asset backed securities    
Available for sale securities:    
Estimated Fair Value 1,747,281 1,683,753
Gross Unrealized Gains [2] 12,155 24,017
Gross Unrealized Losses [2] (91,668) (4,724)
Allowance for Expected Credit Losses [2],[3] (2,139)  
Cost or Amortized Cost [2] 1,828,933 1,664,460
Short-term investments    
Available for sale securities:    
Estimated Fair Value 944,531 956,546
Gross Unrealized Gains 2,461 811
Gross Unrealized Losses (2,779) (1,548)
Allowance for Expected Credit Losses (29) [3] 0
Cost or Amortized Cost $ 944,878 $ 957,283
[1]
In securities lending transactions, the Company receives collateral in excess of the fair value of the securities pledged. For purposes of this table, the Company has excluded the collateral received under securities lending, at fair value and included the securities pledged under securities lending, at fair value.
See “—Securities Lending Agreements.”
[2]
In securities lending transactions, the Company receives collateral in excess of the fair value of the fixed maturities pledged. For purposes of this table, the Company has excluded the collateral received under securities lending, at fair value and included the securities pledged under securities lending, at fair value. See “—Securities Lending Agreements.”
[3] Effective January 1, 2020, the Company adopted ASU 2016-13 and as a result any credit impairment losses on the Company’s available-for-sale investments are recorded as an allowance, subject to reversal.