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v3.21.2

Fair Value - Rollforward of Level 3 assets and liabilities (Details) - Recurring - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Contingent consideration liability |  |  |  |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | $ (466) |  | $ (1,250) | $ (461) |  | $ (7,998)
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 0 |  | 0 | 0 |  | (72)
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 0 | 0 |  | 0
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | (17,345) |  | 0 | (17,345) |  | 0
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | 0 | [2] | 0 | 0 | [2] | 0
Settlements |  | 0 |  | 620 | (5) |  | 7,440
Transfers in and/or out of Level 3 |  | 0 |  | 0 | 0 |  | 0
Balance at end of period |  | (17,811) |  | (630) | (17,811) |  | (630)
Available for sale | Structured securities |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period | [3] | 3,424 |  | 3,450 | 3,426 |  | 5,216
Total gains or (losses) (realized/unrealized) - included in earnings | [1],[3] | 10 |  | (75) | (46) |  | (130)
Total gains or (losses) (realized/unrealized) - included in other comprehensive income | [3] | 10 |  | 191 | 67 |  | (118)
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases | [3] | 0 |  | 0 | 0 |  | 0
Issuances | [3] | 0 |  | 0 | 0 |  | 0
Sales | [3] | 0 | [2] | 0 | 0 | [2] | 0
Settlements | [3] | 0 |  | (11) | (3) |  | (1,413)
Transfers in and/or out of Level 3 | [3] | 0 |  | 0 | 0 |  | 0
Balance at end of period | [3] | 3,444 |  | 3,555 | 3,444 |  | 3,555
Available for sale | Corporate bonds |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | 13 |  | 857 | 13 |  | 8,851
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 0 |  | (5,872) | 0 |  | (5,865)
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 6,936 | 0 |  | 397
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | 0 |  | 0 | 0 |  | 0
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | 0 | [2] | 0 | 0 | [2] | 0
Settlements |  | 0 |  | 0 | 0 |  | (1,462)
Transfers in and/or out of Level 3 |  | 0 |  | (1,908) | 0 |  | (1,908)
Balance at end of period |  | 13 |  | 13 | 13 |  | 13
Fair value option | Corporate bonds |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | 998 |  | 998 | 985 |  | 932
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 0 |  | (34) | 13 |  | (34)
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 0 | 0 |  | 0
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | 0 |  | 0 | 0 |  | 66
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | (998) | [2] | 0 | (998) | [2] | 0
Settlements |  | 0 |  | 0 | 0 |  | 0
Transfers in and/or out of Level 3 |  | 0 |  | 0 | 0 |  | 0
Balance at end of period |  | 0 |  | 964 | 0 |  | 964
Fair value option | Other investments |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | 73,900 |  | 46,453 | 67,103 |  | 68,817
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 0 |  | 885 | 881 |  | (129)
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 0 | 0 |  | 0
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | 0 |  | 22,436 | 13,003 |  | 22,460
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | (44,143) | [2] | (3,588) | (51,230) | [2] | (27,946)
Settlements |  | 0 |  | 0 | 0 |  | 0
Transfers in and/or out of Level 3 |  | 0 |  | 0 | 0 |  | 2,984
Balance at end of period |  | 29,757 |  | 66,186 | 29,757 |  | 66,186
Fair value option | Equity securities |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | 73,678 |  | 61,447 | 68,988 |  | 58,094
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 38 |  | 2,076 | 4,728 |  | 5,429
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 0 | 0 |  | 0
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | 0 |  | 0 | 0 |  | 0
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | (69,181) | [2] | 0 | (69,181) | [2] | 0
Settlements |  | 0 |  | 0 | 0 |  | 0
Transfers in and/or out of Level 3 |  | 0 |  | 0 | 0 |  | 0
Balance at end of period |  | 4,535 |  | 63,523 | 4,535 |  | 63,523
Equity securities |  |  |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |  |  |
Balance at beginning of period |  | 49,136 |  | 51,981 | 42,015 |  | 55,889
Total gains or (losses) (realized/unrealized) - included in earnings | [1] | 11 |  | (946) | 1,837 |  | 7,132
Total gains or (losses) (realized/unrealized) - included in other comprehensive income |  | 0 |  | 0 | 0 |  | 0
Purchases, issuances, sales and settlements |  |  |  |  |  |  |
Purchases |  | 208 |  | 0 | 5,503 |  | 3,464
Issuances |  | 0 |  | 0 | 0 |  | 0
Sales |  | (46,773) | [2] | (8,349) | (46,773) | [2] | (23,799)
Settlements |  | 0 |  | 0 | 0 |  | 0
Transfers in and/or out of Level 3 |  | 0 |  | 0 | 0 |  | 0
Balance at end of period |  | $ 2,582 |  | $ 42,686 | $ 2,582 |  | $ 42,686
[1] | Gains or losses were included in net realized gains (losses).
[2] | Sales for the 2021 periods primarily related to the Company’s deconsolidation of Watford.
[3] | Includes asset backed securities, mortgage backed securities and commercial mortgage backed securities.

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