XML 55 R44.htm IDEA: XBRL DOCUMENT v3.25.3
FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Level 3 Inputs (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of the period $ 76,094 $ 141,477 $ 43,372 $ 157,048
Included in net investment income        
Net foreign exchange gains (losses) (10) 26 33 23
Purchases 1,222 4,076 42,681 4,217
Settlements (3,346) (2,145) (4,107) (3,265)
Balance at end of the period $ 71,244 145,112 $ 71,244 145,112
Significant Unobservable Inputs (Level 3)        
Included in net investment income        
Sales   $ (3,896)   $ (3,896)
Net investment income        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Investment Income Net Investment Income Net Investment Income Net Investment Income
Included in net investment income        
Included in earnings (loss) $ 1,062 $ 125 $ 1,201 $ 188
Net realized and unrealized gains (losses) on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized and unrealized gains (losses) on investments Net realized and unrealized gains (losses) on investments Net realized and unrealized gains (losses) on investments Net realized and unrealized gains (losses) on investments
Included in net investment income        
Included in earnings (loss) $ (3,868) $ 5,298 $ (12,519) $ (9,389)
Other income (loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other income (loss) Other income (loss) Other income (loss) Other income (loss)
Included in net investment income        
Included in earnings (loss) $ 90 $ 151 $ 583 $ 186
Asset-backed        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of the period 40,936   0  
Included in net investment income        
Net foreign exchange gains (losses) 0   0  
Purchases 222   41,681  
Settlements (3,313)   (3,836)  
Balance at end of the period 38,825   38,825  
Asset-backed | Net investment income        
Included in net investment income        
Included in earnings (loss) 980   980  
Asset-backed | Net realized and unrealized gains (losses) on investments        
Included in net investment income        
Included in earnings (loss) 0   0  
Asset-backed | Other income (loss)        
Included in net investment income        
Included in earnings (loss) 0   0  
Direct Private Equity Investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of the period 35,308 45,278 43,777 59,905
Included in net investment income        
Net foreign exchange gains (losses) (10) 26 33 23
Purchases 1,000 577 1,000 577
Settlements 0 0 0 0
Balance at end of the period 32,512 51,034 32,512 51,034
Direct Private Equity Investments | Significant Unobservable Inputs (Level 3)        
Included in net investment income        
Sales   (270)   (270)
Direct Private Equity Investments | Net investment income        
Included in net investment income        
Included in earnings (loss) 82 125 221 188
Direct Private Equity Investments | Net realized and unrealized gains (losses) on investments        
Included in net investment income        
Included in earnings (loss) (3,868) 5,298 (12,519) (9,389)
Direct Private Equity Investments | Other income (loss)        
Included in net investment income        
Included in earnings (loss) 0 0 0 0
Term Loans        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of the period   96,639   97,658
Included in net investment income        
Net foreign exchange gains (losses)   0   0
Purchases   0   0
Settlements   (2,064)   (3,083)
Balance at end of the period   94,575   94,575
Term Loans | Significant Unobservable Inputs (Level 3)        
Included in net investment income        
Sales   0   0
Term Loans | Net investment income        
Included in net investment income        
Included in earnings (loss)   0   0
Term Loans | Net realized and unrealized gains (losses) on investments        
Included in net investment income        
Included in earnings (loss)   0   0
Term Loans | Other income (loss)        
Included in net investment income        
Included in earnings (loss)   0   0
Other Assets and (Liabilities)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Balance at beginning of the period (150) (440) (405) (515)
Included in net investment income        
Net foreign exchange gains (losses) 0 0 0 0
Purchases 0 3,499 0 3,640
Settlements (33) (81) (271) (182)
Balance at end of the period (93) (497) (93) (497)
Other Assets and (Liabilities) | Significant Unobservable Inputs (Level 3)        
Included in net investment income        
Sales   (3,626)   (3,626)
Other Assets and (Liabilities) | Net investment income        
Included in net investment income        
Included in earnings (loss) 0 0 0 0
Other Assets and (Liabilities) | Net realized and unrealized gains (losses) on investments        
Included in net investment income        
Included in earnings (loss) 0 0 0 0
Other Assets and (Liabilities) | Other income (loss)        
Included in net investment income        
Included in earnings (loss) $ 90 $ 151 $ 583 $ 186