v3.26.1
Accumulated Other Comprehensive Income (Loss) - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net of Tax    
Balance at beginning of period $ (222,159)  
Other comprehensive income (loss)    
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized (42,581) [1] $ 53,526
Less: Reclassification adjustment for net gains (losses) on investments included in net income:    
Net realized gains (losses) on disposals and non-credit related impairment losses (2,655) [1] (1,856)
Net unrealized gains (losses) on investments (39,926) [1] 55,382
Other adjustments to other comprehensive income (loss) (51) [1] 45
Other comprehensive income (loss), net of tax (39,955) [1] 55,522
Balance at end of period (262,114)  
Other Comprehensive Income (Loss)    
Before Tax    
Balance at beginning of period (281,214) (443,340)
Other comprehensive income (loss)    
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized (54,676) 67,755
Less: Reclassification adjustment for net gains (losses) on investments included in net income    
Net realized gains (losses) on disposals and non-credit related impairment losses [2] (3,373) (2,349)
Net unrealized gains (losses) on investments (51,303) 70,104
Net unrealized gains (losses) from investments recorded as assets held for sale 28 120
Other adjustments to comprehensive income (loss), net (65) 58
Other comprehensive income (loss) (51,340) 70,282
Balance at end of period (332,554) (373,058)
Tax Effect    
Balance at beginning of period (59,055) (93,102)
Other comprehensive income (loss)    
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized (12,095) 14,229
Less: Reclassification adjustment for net gains (losses) on investments included in net income:    
Net realized gains (losses) on disposals and non-credit related impairment losses [2] (718) (493)
Net unrealized gains (losses) on investments (11,377) 14,722
Net unrealized gains (losses) from investments recorded as assets held for sale, tax 6 25
Other adjustments to comprehensive income (loss), net (14) 13
Other comprehensive income (loss) (11,385) 14,760
Balance at end of period (70,440) (78,342)
Net of Tax    
Balance at beginning of period (222,159) (350,238)
Other comprehensive income (loss)    
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized (42,581) 53,526
Less: Reclassification adjustment for net gains (losses) on investments included in net income:    
Net realized gains (losses) on disposals and non-credit related impairment losses [2] (2,655) (1,856)
Net unrealized gains (losses) on investments (39,926) 55,382
Net unrealized gains (losses) from investments recorded as assets held for sale 22 95
Other adjustments to other comprehensive income (loss) (51) 45
Other comprehensive income (loss), net of tax (39,955) 55,522
Balance at end of period $ (262,114) $ (294,716)
[1] Includes Inigo results for the two-month period from the Closing Date of the acquisition through March 31, 2026.
[2] Included in net gains (losses) on financial instruments and foreign exchange in our condensed consolidated statements of operations.