v3.25.2
Investments - Schedule of Realized Gains (Losses) on Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]        
Sales and other $ (12,837) $ (10,113) $ (12,049) $ (9,973)
Provision for credit losses 0 (104) 40 (16)
Fair value option—change in fair value (8,476) (3,691) (6,105) (19,094)
Mortgage loans (126) (1,280) 307 (2,154)
Other investments (264) 837 (1,342) 1,151
Realized gains (losses) from investments (21,703) (14,351) (19,149) (30,086)
Other gains (losses) 3,129 1,762 660 5,698
Total realized gains (losses) (18,574) (12,589) (18,489) (24,388)
Applicable tax 3,900 2,644 3,882 5,122
Realized gains (losses), net of tax (14,674) (9,945) (14,607) (19,266)
Exchanges of fixed maturities 72,600 12,000 128,300 78,900
Exchanges of fixed maturities, realized gains (losses) $ (3,200) $ 0 $ (3,100) $ 0