v3.25.2
Investments - Net Investment Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Investment Income [Line Items]        
Gross investment income, operating $ 57,641 $ 56,183 $ 116,076 $ 111,910
Investment expenses (2,092) (2,072) (4,188) (4,208)
Investment income net of investment expenses 55,549 54,111 111,888 107,702
Interest expense on surplus note (14,621) (15,659) (29,289) (31,444)
Net investment income 40,928 38,452 82,599 76,258
Equity Securities [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 315 323 630 712
Policy Loans and Other Invested Assets [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 482 543 1,514 1,005
Cash, Cash Equivalents and Short-Term Investments [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 5,959 6,640 12,478 13,621
Total return on deposit asset underlying 10% insurance agreement [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating [1] 1,918 2,400 4,306 4,574
Available-for-Sale [Member] | Fixed Maturities        
Net Investment Income [Line Items]        
Gross investment income, operating 34,346 30,618 67,859 60,554
Held-to-Maturity [Member] | Fixed Maturities        
Net Investment Income [Line Items]        
Gross investment income, operating $ 14,621 $ 15,659 $ 29,289 $ 31,444
[1] Includes $0.2 million and $0.7 million of net gains (losses) recognized for the change in fair value of the deposit asset underlying the 10% coinsurance agreement for the three and six months ended June 30, 2025, respectively. Includes $0.2 million and $0.1 million of net gains (losses) recognized for the change in fair value of the deposit asset underlying the 10% coinsurance agreement for the three and six months ended June 30, 2024, respectively.