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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Gross realized investment gains        
Fixed maturities and short-term investments $ 1,127 $ 55,695 $ 11,549 $ 105,865
Equity securities 0 4,433 0 5,002
Gross realized investment gains 1,127 60,128 11,549 110,867
Gross realized investment losses        
Fixed maturities and short-term investments (87,601) (8,868) (150,747) (28,237)
Equity securities 0 (27) (224) (116)
Gross realized investment losses (87,601) (8,895) (150,971) (28,353)
Change in allowance for expected credit losses (6,911) 150 (6,981) 239
Impairment losses (473) 0 (582) 0
Change in fair value of investment derivatives 4,822 (847) 7,063 901
Net unrealized gains (losses) on equity securities (84,227) 22,757 (127,849) 19,282
Total net investment gains (losses) $ (173,263) $ 73,293 $ (267,771) $ 102,936