XML 71 R60.htm IDEA: XBRL DOCUMENT v3.21.2
Credit Facilities (Narrative) (Details)
3 Months Ended 6 Months Ended 12 Months Ended
May 26, 2016
USD ($)
Jun. 22, 2012
USD ($)
Jun. 30, 2021
GBP (£)
Item
Rate
Jun. 30, 2021
GBP (£)
Item
Rate
Dec. 31, 2020
GBP (£)
Dec. 31, 2019
Jun. 30, 2021
USD ($)
Item
Rate
May 05, 2021
USD ($)
Feb. 23, 2021
USD ($)
Dec. 31, 2020
USD ($)
Mar. 25, 2020
USD ($)
Line of Credit Facility [Line Items]                      
Line of credit facility, commitment             $ 1,300,000,000        
Maximum percentage of admitted assets allowed for borrowing base     10.00% 10.00%     10.00%        
Borrowings from FHLB             $ 310,000,000     $ 310,000,000  
London Interbank Offered Rate (LIBOR) [Member]                      
Line of Credit Facility [Line Items]                      
Percentage commitment fee per annum       0.10%              
Per annum commitment fee on undrawn credit       0.35%              
Active Credit Facilities [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, number of facilities     3 3     3        
Wells Fargo Bank Group Credit Facility [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, term of credit facility 5 years 4 years                  
Line of credit facility, commitment $ 800,000,000 $ 800,000,000         $ 600,000,000     800,000,000  
Line of credit facility, number of tranches | Item     2 2     2        
Line of credit facility, required debt-to-capital ratio | Rate     35.00% 35.00%     35.00%        
Line of credit facility, required minimum net worth             $ 5,370,979,000        
Percentage amount of consolidated net income required to be reserved to maintain compliance with facility covenants       25.00%              
Percentage amount of increase in consolidated net worth from new issuance required to be reserved to maintain compliance with facility covenants       25.00%              
Increase in reserves due to new issuance during the period required to maintain compliance with facility covenants             6,649,276,000        
Revolving credit borrowings             402,284,000     753,932,000  
Wells Fargo Bank Group Credit Facility [Member] | Federal Funds [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, spread on variable rate basis       0.50%              
Wells Fargo Bank Group Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, spread on variable rate basis       1.00%              
Wells Fargo Bank Group Credit Facility Tranche One [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, expiration date       Dec. 31, 2021              
Line of credit facility, commitment                   200,000,000  
Revolving credit borrowings                   164,242,000 $ 50,000,000
Wells Fargo Bank Group Credit Facility Tranche Two [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, expiration date       Dec. 31, 2021 Dec. 31, 2021            
Line of credit facility, commitment             600,000,000     600,000,000  
Revolving credit borrowings             402,284,000     589,690,000  
Wells Fargo Bank Bilateral Loc Agreement [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, expiration date       Dec. 31, 2021              
Line of credit facility, commitment             500,000,000 $ 500,000,000 $ 50,000,000    
Revolving credit borrowings             404,421,000        
Citibank Bilateral Agreement [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, term of credit facility       15 months              
Line of credit facility, commitment             200,000,000     200,000,000  
Percentage of interest on the principal amount of letters of credit issued       0.35%              
Percentage of interest on the principal amount of issued extended tenor letters of credit       0.45%              
Maximum term allowed to execute issued letters of credit       60 months              
Revolving credit borrowings             $ 173,553,000     $ 185,483,000  
Lloyds Bank plc Credit Facility [Member]                      
Line of Credit Facility [Line Items]                      
Line of credit facility, commitment | £     £ 52,175,000 £ 52,175,000 £ 52,175,000            
Line of credit facility, required debt-to-capital ratio | Rate     35.00% 35.00%     35.00%        
Line of credit facility, required minimum net worth             $ 6,393,047,000        
Consolidated net worth, percentage           70.00%          
Percentage amount of consolidated net income required to be reserved to maintain compliance with facility covenants     25.00%                
Percentage amount of increase in consolidated net worth from new issuance required to be reserved to maintain compliance with facility covenants     25.00%                
Increase in reserves due to new issuance during the period required to maintain compliance with facility covenants             6,786,229,000        
Revolving credit borrowings | £     £ 52,175,000 £ 52,175,000 £ 52,175,000            
Federal Home Loan Bank Of New York [Member]                      
Line of Credit Facility [Line Items]                      
Admitted assets for FHLB             18,197,177,000        
Maximum amount available under FHLB             1,819,717,000        
Borrowings from FHLB             400,000,000        
Revolving credit borrowings             $ 310,000        
FHLB advance interest rate     0.35% 0.35%     0.35%        
Amount of borrowed funds required to be used to acquire additional membership stock, percentage       4.50%              
Federal Home Loan Bank Of New York [Member] | Minimum [Member]                      
Line of Credit Facility [Line Items]                      
FHLB advance maturity       Nov. 30, 2021              
Federal Home Loan Bank Of New York [Member] | Maximum [Member]                      
Line of Credit Facility [Line Items]                      
FHLB advance maturity       Dec. 31, 2021