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Fixed Maturity Securities In An Unrealized Loss Position (Tables)
9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Securities in an unrealized loss position The following tables summarize all fixed maturity securities in an unrealized loss position at September 30, 2025 and December 31, 2024 by the length of time those securities have been continuously in an unrealized loss position:
  Less Than 12 Months12 Months or GreaterTotal
(In thousands)Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
Fair
Value
Gross
Unrealized Losses
September 30, 2025
U.S. government and government agency$797,397 $9,950 $261,701 $9,729 $1,059,098 $19,679 
State and municipal124,377 1,781 1,129,946 42,313 1,254,323 44,094 
Mortgage-backed639,327 5,456 948,076 134,882 1,587,403 140,338 
Asset-backed428,088 1,515 550,779 18,713 978,867 20,228 
Corporate434,595 3,389 1,841,143 67,888 2,275,738 71,277 
Foreign government228,800 21,204 332,975 183,858 561,775 205,062 
Fixed maturity securities$2,652,584 $43,295 $5,064,620 $457,383 $7,717,204 $500,678 
December 31, 2024
U.S. government and government agency$767,515 $9,637 $560,260 $33,226 $1,327,775 $42,863 
State and municipal348,116 8,027 1,411,761 81,430 1,759,877 89,457 
Mortgage-backed1,541,464 21,326 1,060,823 171,734 2,602,287 193,060 
Asset-backed411,763 4,613 626,237 36,899 1,038,000 41,512 
Corporate1,791,970 21,346 2,951,377 135,117 4,743,347 156,463 
Foreign government600,103 17,933 476,479 167,440 1,076,582 185,373 
Fixed maturity securities$5,460,931 $82,882 $7,086,937 $625,846 $12,547,868 $708,728 
Non-Investment Grade Fixed Maturity Securities A summary of the Company’s non-investment grade fixed maturity securities that were in an unrealized loss position at September 30, 2025 is presented in the table below:
($ in thousands)Number of
Securities
Aggregate
Fair Value
Gross
Unrealized Loss
Foreign government75 $189,418 $194,357 
Corporate28 51,508 1,533 
State and municipal28,795 1,256 
Mortgage-backed15 2,404 191 
Asset-backed
Total125 $272,127 $197,338