XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.1
FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading $ 23,310,208 $ 23,562,514
Short term investments 5,054,254 4,531,655
Equity investments 887,508 117,756
Other investments 4,239,952 4,324,761
Derivative assets 24,277 34,538
Derivative liabilities (18,656) (75,878)
Total other liabilities (1,334) (2,434)
Total other assets 1,100 2,029
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 23,310,208 23,562,514
Short term investments 5,054,254 4,531,655
Equity investments 887,508 117,756
Other investments 4,239,952 4,324,761
Assumed and ceded (re)insurance contracts (234) (405)
Derivative assets 24,277 34,538
Derivative liabilities (18,656) (75,878)
Total other liabilities   (41,745)
Total other assets 5,387  
Total assets and (liabilities) measured at fair value on a recurring basis using Level 3 inputs 33,497,309 32,494,941
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 11,199,657 11,001,893
Short term investments 44,219 99,343
Equity investments 887,508 117,756
Other investments 0 0
Assumed and ceded (re)insurance contracts 0 0
Derivative assets 16,000 10,614
Derivative liabilities (4,198) (7,872)
Total other assets 11,802 2,742
Total assets and (liabilities) measured at fair value on a recurring basis using Level 3 inputs 12,143,186 11,221,734
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 12,110,551 12,560,621
Short term investments 5,010,035 4,432,312
Equity investments 0 0
Other investments 1,821,837 2,152,485
Assumed and ceded (re)insurance contracts 0 0
Derivative assets 8,277 23,924
Derivative liabilities (14,458) (68,006)
Total other liabilities (6,181) (44,082)
Total assets and (liabilities) measured at fair value on a recurring basis using Level 3 inputs 18,936,242 19,101,336
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Short term investments 0 0
Equity investments 0 0
Other investments 38,987 43,777
Assumed and ceded (re)insurance contracts (234) (405)
Derivative assets 0 0
Derivative liabilities 0 0
Total other liabilities (234) (405)
Total assets and (liabilities) measured at fair value on a recurring basis using Level 3 inputs 38,753 43,372
U.S. treasuries | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 11,199,657 11,001,893
U.S. treasuries | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 11,199,657 11,001,893
U.S. treasuries | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
U.S. treasuries | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Corporate | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 7,795,056 7,862,423
Corporate | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Corporate | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 7,795,056 7,862,423
Corporate | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Residential mortgage-backed | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 1,393,065 1,707,056
Residential mortgage-backed | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Residential mortgage-backed | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 1,393,065 1,707,056
Residential mortgage-backed | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Asset-backed | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 1,396,178 1,422,393
Asset-backed | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Asset-backed | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 1,396,178 1,422,393
Asset-backed | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Agencies | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 617,537 623,489
Agencies | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Agencies | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 617,537 623,489
Agencies | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Non-U.S. government | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 600,986 618,809
Non-U.S. government | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Non-U.S. government | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 600,986 618,809
Non-U.S. government | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Commercial mortgage-backed | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 307,729 326,451
Commercial mortgage-backed | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Commercial mortgage-backed | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 307,729 326,451
Commercial mortgage-backed | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturity investments trading 0 0
Fixed income exchange traded funds | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 764,191  
Fixed income exchange traded funds | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 764,191  
Fixed income exchange traded funds | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 0  
Fixed income exchange traded funds | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 0  
Other equity investments | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 123,317  
Other equity investments | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 123,317  
Other equity investments | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 0  
Other equity investments | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments 0  
Catastrophe bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1, 2 and 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 1,653,148 1,984,396
Catastrophe bonds | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 0 0
Catastrophe bonds | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 1,653,148 1,984,396
Catastrophe bonds | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 0 0
Direct private equity investments | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1, 2 and 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 207,676 211,866
Direct private equity investments | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical  Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 0 0
Direct private equity investments | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 168,689 168,089
Direct private equity investments | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 38,987 43,777
Fund investments | Fair Value, Measurements, Recurring | Fair Value Measured at Net Asset Value Per Share    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other investments 2,379,128 2,128,499
Assumed and ceded (re)insurance contracts | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other assets 1,100 2,000
Assumed and ceded (re)insurance contracts | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other liabilities $ (1,300) $ (2,400)