v3.25.2
Investments - Schedule of Fixed Maturities Available for Sale by Component (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 18,959,797   $ 18,835,809      
Allowance for Credit Losses (10,355) $ (10,355) (10,395) $ (7,132) $ (7,027) $ (7,115)
Gross Unrealized Gains 325,565   254,587      
Gross Unrealized Losses (1,909,653)   (1,924,989)      
Fair value $ 17,365,354   $ 17,155,012      
Percentage of total fixed maturities (as a percent) 100.00%   100.00%      
U.S. Government direct, guaranteed, and government-sponsored enterprises            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 411,371   $ 401,753      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 131   1      
Gross Unrealized Losses (31,467)   (42,794)      
Fair value $ 380,035   $ 358,960      
Percentage of total fixed maturities (as a percent) 2.00%   2.00%      
States, municipalities, and political subdivisions            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 3,303,151   $ 3,300,901      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 23,550   20,662      
Gross Unrealized Losses (633,924)   (534,759)      
Fair value $ 2,692,777   $ 2,786,804      
Percentage of total fixed maturities (as a percent) 16.00%   16.00%      
Foreign governments            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 39,427   $ 36,883      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 21   18      
Gross Unrealized Losses (9,842)   (8,870)      
Fair value $ 29,606   $ 28,031      
Percentage of total fixed maturities (as a percent) 0.00%   0.00%      
Corporates            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 15,126,385   $ 14,976,815      
Allowance for Credit Losses (7,058)   (7,098)      
Gross Unrealized Gains 301,749   227,924      
Gross Unrealized Losses (1,233,610)   (1,336,380)      
Fair value $ 14,187,466   $ 13,861,261      
Percentage of total fixed maturities (as a percent) 82.00%   81.00%      
Corporates | Industrials            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 8,007,486   $ 7,889,074      
Allowance for Credit Losses (7,058)   (7,098)      
Gross Unrealized Gains 138,507   105,610      
Gross Unrealized Losses (737,473)   (805,330)      
Fair value $ 7,401,462   $ 7,182,256      
Percentage of total fixed maturities (as a percent) 43.00%   42.00%      
Corporates | Financial            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 5,004,947   $ 5,006,375      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 107,285   82,598      
Gross Unrealized Losses (386,613)   (413,043)      
Fair value $ 4,725,619   $ 4,675,930      
Percentage of total fixed maturities (as a percent) 27.00%   27.00%      
Corporates | Utilities            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 2,113,952   $ 2,081,366      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 55,957   39,716      
Gross Unrealized Losses (109,524)   (118,007)      
Fair value $ 2,060,385   $ 2,003,075      
Percentage of total fixed maturities (as a percent) 12.00%   12.00%      
Collateralized debt obligations            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 0   $ 36,923      
Allowance for Credit Losses 0   0      
Gross Unrealized Gains 0   5,943      
Gross Unrealized Losses 0   0      
Fair value $ 0   $ 42,866      
Percentage of total fixed maturities (as a percent) 0.00%   0.00%      
Other asset-backed securities            
Debt Securities, Available-for-sale [Line Items]            
Amortized Cost $ 79,463   $ 82,534      
Allowance for Credit Losses (3,297)   (3,297)      
Gross Unrealized Gains 114   39      
Gross Unrealized Losses (810)   (2,186)      
Fair value $ 75,470   $ 77,090      
Percentage of total fixed maturities (as a percent) 0.00%   1.00%