v3.26.1
INVESTMENTS - Fixed Maturities Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Available for sale            
Amortized cost $ 13,916,563   $ 12,937,728      
Allowance for expected credit losses (1,898) $ (3,119) (1,836) $ (5,043) $ (4,183) $ (3,938)
Gross unrealized gains 71,366   180,873      
Gross unrealized losses (157,717)   (98,738)      
Fair value 13,828,314   13,018,027      
U.S. government and agency            
Available for sale            
Amortized cost 2,403,693   2,406,907      
Allowance for expected credit losses 0   0      
Gross unrealized gains 2,762   17,206      
Gross unrealized losses (19,081)   (6,212)      
Fair value 2,387,374   2,417,901      
Non-U.S. government            
Available for sale            
Amortized cost 830,184   798,984      
Allowance for expected credit losses (26)   0      
Gross unrealized gains 4,875   14,961      
Gross unrealized losses (11,123)   (3,401)      
Fair value 823,910   810,544      
Corporate debt            
Available for sale            
Amortized cost 5,603,202   5,168,562      
Allowance for expected credit losses (1,211)   (1,539)      
Gross unrealized gains 43,724   96,137      
Gross unrealized losses (60,816)   (40,727)      
Fair value 5,584,899   5,222,433      
Agency RMBS            
Available for sale            
Amortized cost 2,445,926   2,026,043      
Allowance for expected credit losses 0   0      
Gross unrealized gains 12,350   31,869      
Gross unrealized losses (35,327)   (22,560)      
Fair value 2,422,949   2,035,352      
CMBS            
Available for sale            
Amortized cost 804,486   811,056      
Allowance for expected credit losses (326)   0      
Gross unrealized gains 2,104   6,641      
Gross unrealized losses (17,916)   (16,186)      
Fair value 788,348   801,511      
Non-agency RMBS            
Available for sale            
Amortized cost 212,897   193,372      
Allowance for expected credit losses (258)   (240)      
Gross unrealized gains 617   1,366      
Gross unrealized losses (5,217)   (4,374)      
Fair value 208,039   190,124      
ABS            
Available for sale            
Amortized cost 1,569,414   1,479,963      
Allowance for expected credit losses (77)   (57)      
Gross unrealized gains 4,768   12,231      
Gross unrealized losses (6,846)   (4,070)      
Fair value 1,567,259   1,488,067      
Municipals            
Available for sale            
Amortized cost 46,761   52,841      
Allowance for expected credit losses 0   0      
Gross unrealized gains 166   462      
Gross unrealized losses (1,391)   (1,208)      
Fair value $ 45,536   $ 52,095