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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Gross realized investment gains        
Fixed maturities and short-term investments $ 1,095 $ 21,036 $ 11,390 $ 126,901
Equity securities 6,997 4 6,997 5,006
Gross realized investment gains 8,092 21,040 18,387 131,907
Gross realized investment losses        
Fixed maturities and short-term investments (100,021) (4,206) (249,514) (32,443)
Equity securities (178) 0 (403) (116)
Gross realized investment losses (100,199) (4,206) (249,917) (32,559)
Change in allowance for expected credit losses 3,210 315 10,191 76
Impairment losses (6,491) (22) (7,074) (22)
Change in fair value of investment derivatives 4,400 2,486 11,463 3,388
Net unrealized gains (losses) on equity securities (49,050) (8,051) (176,899) 11,230
Total net investment gains (losses) $ (146,458) $ 10,932 $ (414,231) $ 113,868