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INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Schedule of Fair Value of Fixed Maturity and Equity Investments Trading | The following table summarizes the fair value of fixed maturity investments trading:
|  | June 30, 2023 |  | December 31, 2022 |
| U.S. treasuries | $ | 8,592,242 |  |  | $ | 7,180,129 |  |
| Corporate (1) | 4,371,407 |  |  | 4,390,568 |  |
| Agencies | 476,476 |  |  | 395,149 |  |
| Non-U.S. government | 401,743 |  |  | 383,838 |  |
| Residential mortgage-backed | 788,256 |  |  | 710,429 |  |
| Commercial mortgage-backed | 209,661 |  |  | 213,987 |  |
| Asset-backed | 1,048,779 |  |  | 1,077,302 |  |
| Total fixed maturity investments trading | $ | 15,888,564 |  |  | $ | 14,351,402 |  |
(1)Corporate fixed maturity investments include non-U.S. government-backed corporate fixed maturity investments. The following table summarizes the fair value of equity investments:
|  | June 30, 2023 |  | December 31, 2022 |
| Financials | $ | 92,890 |  |  | $ | 103,250 |  |
| Consumer | 155 |  |  | 33,447 |  |
| Communications and technology | 13 |  |  | 48,687 |  |
| Fixed income exchange traded funds | — |  |  | 295,481 |  |
| Equity exchange traded funds | — |  |  | 90,510 |  |
| Industrial, utilities and energy | — |  |  | 25,326 |  |
| Healthcare | — |  |  | 24,617 |  |
| Basic materials | — |  |  | 3,740 |  |
| Total | $ | 93,058 |  |  | $ | 625,058 |  |
Schedule of Contractual Maturities of Fixed Maturity Investments | Contractual maturities of fixed maturity investments trading are described in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | June 30, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |  |
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |  |  |  |  |  |  |  |  |
| Due in less than one year | $ | 522,097 |  |  | $ | 515,445 |  |  | $ | 364,501 |  |  | $ | 356,770 |  |  |  |  |  |  |  |  |  |
| Due after one through five years | 8,653,072 |  |  | 8,444,588 |  |  | 8,117,971 |  |  | 7,875,771 |  |  |  |  |  |  |  |  |  |
| Due after five through ten years | 4,748,683 |  |  | 4,578,779 |  |  | 4,072,142 |  |  | 3,805,287 |  |  |  |  |  |  |  |  |  |
| Due after ten years | 331,809 |  |  | 303,056 |  |  | 356,268 |  |  | 311,856 |  |  |  |  |  |  |  |  |  |
| Mortgage-backed | 1,073,223 |  |  | 997,917 |  |  | 1,009,205 |  |  | 924,416 |  |  |  |  |  |  |  |  |  |
| Asset-backed | 1,069,798 |  |  | 1,048,779 |  |  | 1,118,464 |  |  | 1,077,302 |  |  |  |  |  |  |  |  |  |
| Total | $ | 16,398,682 |  |  | $ | 15,888,564 |  |  | $ | 15,038,551 |  |  | $ | 14,351,402 |  |  |  |  |  |  |  |  |  |
Schedule of Net Investment Income | The components of net investment income are as follows:
|  | Three months ended |  | Six months ended |
|  | June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022 |
| Fixed maturity investments trading | $ | 169,739 |  |  | $ | 76,547 |  |  | $ | 325,239 |  |  | $ | 138,964 |  |
| Short term investments | 50,231 |  |  | 4,397 |  |  | 83,181 |  |  | 5,533 |  |
| Equity investments | 2,766 |  |  | 4,516 |  |  | 6,165 |  |  | 7,270 |  |
| Other investments |  |  |  |  |  |  |  |
| Catastrophe bonds | 49,522 |  |  | 20,235 |  |  | 88,353 |  |  | 37,595 |  |
| Other | 20,820 |  |  | 6,894 |  |  | 45,391 |  |  | 12,446 |  |
| Cash and cash equivalents | 4,585 |  |  | (95) |  |  | 8,849 |  |  | (136) |  |
|  | 297,663 |  |  | 112,494 |  |  | 557,178 |  |  | 201,672 |  |
| Investment expenses | (5,001) |  |  | (5,283) |  |  | (10,138) |  |  | (10,770) |  |
| Net investment income | $ | 292,662 |  |  | $ | 107,211 |  |  | $ | 547,040 |  |  | $ | 190,902 |  |
Schedule of Net Realized and Unrealized Gains (Losses) | Net realized and unrealized gains (losses) on investments are as follows:
|  | Three months ended |  | Six months ended |
|  | June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022 |
| Net realized gains (losses) on fixed maturity investments trading | $ | (74,212) |  |  | $ | (287,154) |  |  | $ | (178,977) |  |  | $ | (408,306) |  |
| Net unrealized gains (losses) on fixed maturity investments trading | (139,793) |  |  | (149,820) |  |  | 172,233 |  |  | (613,997) |  |
| Net realized and unrealized gains (losses) on fixed maturity investments trading | (214,005) |  |  | (436,974) |  |  | (6,744) |  |  | (1,022,303) |  |
| Net realized and unrealized gains (losses) on investments-related derivatives(1) | (65,051) |  |  | (66,078) |  |  | (52,889) |  |  | (106,366) |  |
| Net realized gains (losses) on equity investments | (18,755) |  |  | 35,592 |  |  | (27,493) |  |  | 35,572 |  |
| Net unrealized gains (losses) on equity investments | 20,627 |  |  | (127,104) |  |  | 59,778 |  |  | (175,773) |  |
| Net realized and unrealized gains (losses) on equity investments | 1,872 |  |  | (91,512) |  |  | 32,285 |  |  | (140,201) |  |
| Net realized and unrealized gains (losses) on other investments - catastrophe bonds | 38,186 |  |  | (24,660) |  |  | 62,312 |  |  | (32,921) |  |
| Net realized and unrealized gains (losses) on other investments - other | 16,217 |  |  | (34,883) |  |  | 21,706 |  |  | (25,333) |  |
| Net realized and unrealized gains (losses) on investments | $ | (222,781) |  |  | $ | (654,107) |  |  | $ | 56,670 |  |  | $ | (1,327,124) |  |
(1)Net realized and unrealized gains (losses) on investment-related derivatives includes fixed maturity investments related derivatives (interest rate futures, interest rate swaps, credit default swaps and total return swaps), and equity investments related derivatives (equity futures). See “Note 13. Derivative Instruments” for additional information.
Net Sales (Purchases) of Investments | The tables below show the Company’s cash flows in respect of gross and net purchases and sales of equity investments, short term investments, other investments and investments in other ventures for the six months ended June 30, 2023 and 2022.
Six months ended June 30, 2023 | Gross Purchases |  | Gross Sales |  | Net |
Equity investments | $ | (1,687) |  |  | $ | 548,086 |  |  | $ | 546,399 |  |
Short term investments | $ | (19,067,333) |  |  | $ | 17,410,561 |  |  | $ | (1,656,772) |  |
Other investments | $ | (750,539) |  |  | $ | 260,173 |  |  | $ | (490,366) |  |
Investments in other ventures | $ | (13,048) |  |  | $ | — |  |  | $ | (13,048) |  |
Six months ended June 30, 2022 | Gross Purchases |  | Gross Sales |  | Net |
Equity investments | $ | (498,171) |  |  | $ | 211,772 |  |  | $ | (286,399) |  |
Short term investments | $ | (13,619,935) |  |  | $ | 14,559,671 |  |  | $ | 939,736 |  |
Other investments | $ | (682,151) |  |  | $ | 284,628 |  |  | $ | (397,523) |  |
Investments in other ventures | $ | (949) |  |  | $ | 3,340 |  |  | $ | 2,391 |  |

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