v3.25.4
INVESTMENTS - Schedule of Net Investment Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Investment Income [Line Items]      
Investment income before investment expenses $ 1,730,861 $ 1,677,804 $ 1,276,012
Investment expenses (27,386) (23,515) (22,902)
Net investment income 1,703,475 1,654,289 1,253,110
Fixed maturity investments trading      
Net Investment Income [Line Items]      
Investment income before investment expenses 1,144,271 1,116,649 744,457
Short term investments      
Net Investment Income [Line Items]      
Investment income before investment expenses 190,549 183,153 213,303
Fixed income exchange traded funds      
Net Investment Income [Line Items]      
Investment income before investment expenses 48,897 0 4,306
Common Stock      
Net Investment Income [Line Items]      
Investment income before investment expenses 2,671 2,460 2,955
Catastrophe bonds      
Net Investment Income [Line Items]      
Investment income before investment expenses 200,465 238,844 200,572
Fund and direct private equity investments      
Net Investment Income [Line Items]      
Investment income before investment expenses 96,629 82,457 87,296
Cash and cash equivalents      
Net Investment Income [Line Items]      
Investment income before investment expenses $ 47,379 $ 54,241 $ 23,123