XML 50 R39.htm IDEA: XBRL DOCUMENT v3.24.2
Investments (Available-For-Sale Investments) (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost $ 15,721,795 $ 14,932,286
Available-for-sale fixed maturity investments, gross unrealized holding gains 27,435 101,335
Available-for-sale fixed maturity investments, gross unrealized holding losses (771,716) (660,889)
Available-for-sale fixed maturity investments, estimated fair value 14,977,514 14,372,732
Short-term investments, available-for-sale, amortized cost 2,788,636 2,564,620
Short-term investments, available-for-sale, gross unrealized holding gains 531 7,155
Short-term investments, available-for-sale, gross unrealized holding losses (1,409) (393)
Short-term investments, available-for-sale, estimated fair value 2,787,758 2,571,382
Investments, available-for-sale, amortized cost 18,510,431 17,496,906
Investments, available-for-sale, gross unrealized holding gains 27,966 108,490
Investments, available-for-sale, gross unrealized holding losses (773,125) (661,282)
Investments, available-for-sale, estimated fair value 17,765,272 16,944,114
U.S. Treasury securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 4,600,441 3,811,293
Available-for-sale fixed maturity investments, gross unrealized holding gains 7,250 35,824
Available-for-sale fixed maturity investments, gross unrealized holding losses (83,294) (62,404)
Available-for-sale fixed maturity investments, estimated fair value 4,524,397 3,784,713
U.S. government-sponsored enterprises [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 1,347,637 1,225,426
Available-for-sale fixed maturity investments, gross unrealized holding gains 3,567 7,292
Available-for-sale fixed maturity investments, gross unrealized holding losses (103,335) (89,904)
Available-for-sale fixed maturity investments, estimated fair value 1,247,869 1,142,814
Obligations of states, municipalities and political subdivisions [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 4,000,057 4,196,096
Available-for-sale fixed maturity investments, gross unrealized holding gains 6,859 14,787
Available-for-sale fixed maturity investments, gross unrealized holding losses (214,490) (181,578)
Available-for-sale fixed maturity investments, estimated fair value 3,792,426 4,029,305
Foreign governments [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 1,984,422 1,858,845
Available-for-sale fixed maturity investments, gross unrealized holding gains 1,915 21,450
Available-for-sale fixed maturity investments, gross unrealized holding losses (138,458) (96,874)
Available-for-sale fixed maturity investments, estimated fair value 1,847,879 1,783,421
Commercial mortgage-backed securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 2,325,529 2,371,406
Available-for-sale fixed maturity investments, gross unrealized holding gains 3,433 8,605
Available-for-sale fixed maturity investments, gross unrealized holding losses (129,334) (136,353)
Available-for-sale fixed maturity investments, estimated fair value 2,199,628 2,243,658
Residential mortgage-backed securities [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 433,954 491,949
Available-for-sale fixed maturity investments, gross unrealized holding gains 143 334
Available-for-sale fixed maturity investments, gross unrealized holding losses (21,647) (21,861)
Available-for-sale fixed maturity investments, estimated fair value 412,450 470,422
Corporate bonds [Member]    
Debt Securities, Available-for-sale [Line Items]    
Fixed maturities, available-for-sale, amortized cost 1,029,755 977,271
Available-for-sale fixed maturity investments, gross unrealized holding gains 4,268 13,043
Available-for-sale fixed maturity investments, gross unrealized holding losses (81,158) (71,915)
Available-for-sale fixed maturity investments, estimated fair value $ 952,865 $ 918,399