XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other investments $ 1,585,036   $ 1,585,036   $ 1,256,948
Other liabilities 10,611   10,611   15,193
Other assets 4,418   4,418   8,982
Debt 1,137,304   1,137,304   1,136,265
Long-term debt, fair value 1,200,000   1,200,000   1,300,000
Net investment income | Other investments          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Net unrealized gains (losses) recognized in earnings 41,900 $ 15,600 26,000 $ (44,500)  
Fair Value, Measurements, Recurring          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other investments 1,585,036   1,585,036   1,256,948
Other liabilities 12,358   12,358    
Other assets         16,662
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other investments 81,344   81,344   79,807
Other liabilities 6,193   6,193   6,211
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Recurring | Private equity investments          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other investments 81,344   81,344   79,807
Significant Unobservable Inputs (Level 3) | Internal valuation model | Fair Value, Measurements, Recurring | Assumed and ceded (re)insurance contracts, group two          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other liabilities 6,193   6,193   6,211
Significant Unobservable Inputs (Level 3) | Internal valuation model | Fair Value, Measurements, Recurring | Private equity investments          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Other investments 81,344   81,344   $ 79,807
Fair Value Measured at Net Asset Value Per Share          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Miscellaneous other investments $ 477,295   $ 477,295    
U.S. treasuries          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 0.70%   0.70%   0.40%
Agencies          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 1.10%   1.10%   0.90%
Non-U.S. government          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 0.80%   0.80%   0.50%
Non-U.S. government-backed corporate          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 1.30%   1.30%   1.00%
Corporate          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 2.40%   2.40%   2.20%
Agency mortgage-backed          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 1.20%   1.20%   1.00%
Weighted average life     3 years 6 months   3 years 9 months 18 days
Non-agency prime residential mortgage-backed          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 2.60%   2.60%   3.00%
Weighted average life     5 years 7 months 6 days   5 years 2 months 12 days
Commercial mortgage-backed          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 1.60%   1.60%   1.50%
Weighted average life     4 years 2 months 12 days   5 years
Asset-backed          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 1.70%   1.70%   1.80%
Weighted average life     4 years 7 months 6 days   3 years 2 months 12 days
Short term investments          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Weighted average effective yield 0.00%   0.00%   0.10%
Private equity investments | Minimum          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liquidation period for fund assets     7 years    
Private equity investments | Maximum          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liquidation period for fund assets     10 years    
Private equity investments | Fair Value Measured at Net Asset Value Per Share          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Miscellaneous other investments $ 453,675   $ 453,675    
Senior secured bank loan funds          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Miscellaneous other investments 12,300   $ 12,300    
Senior secured bank loan funds | Minimum          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liquidation period for fund assets     4 years    
Senior secured bank loan funds | Maximum          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Liquidation period for fund assets     5 years    
Senior secured bank loan funds | Fair Value Measured at Net Asset Value Per Share          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Miscellaneous other investments 12,251   $ 12,251    
Hedge funds | Fair Value Measured at Net Asset Value Per Share          
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]          
Miscellaneous other investments $ 11,369   $ 11,369