v3.26.1
Investments - Net Investment Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net Investment Income [Line Items]        
Gross investment income, operating $ 58,624 $ 57,641 $ 117,166 $ 116,076
Investment expenses (2,024) (2,092) (4,060) (4,188)
Investment income net of investment expenses 56,600 55,549 113,106 111,888
Interest expense on surplus note (12,862) (14,621) (26,085) (29,289)
Net investment income 43,738 40,928 87,021 82,599
Equity Securities [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 329 315 651 630
Policy Loans and Other Invested Assets [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 201 482 874 1,514
Cash, Cash Equivalents and Short-Term Investments [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating 4,838 5,959 11,028 12,478
Total return on deposit asset underlying 10% insurance agreement [Member]        
Net Investment Income [Line Items]        
Gross investment income, operating [1] 0 1,918 0 4,306
Available-for-Sale [Member] | Fixed Maturities        
Net Investment Income [Line Items]        
Gross investment income, operating 40,394 34,346 78,528 67,859
Held-to-Maturity [Member] | Fixed Maturities        
Net Investment Income [Line Items]        
Gross investment income, operating $ 12,862 $ 14,621 $ 26,085 $ 29,289
[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. There were no net gains (losses) recognized for the three and six months ended June 30, 2026 as the deposit asset was redeemed effective January 1, 2026. See Note 5 (Fair Value of Financial Instruments) for more information.