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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS | The tables below present the financial instruments measured at fair value on a recurring basis for the periods indicated:
|  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Fair value based on NAV practical expedient |  | Total fair value |
| At June 30, 2023 |  |  |  |  |  |  |  |  |  |
| Assets |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |
| U.S. government and agency | $ | 2,756,539 |  |  | $ | 35,473 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,792,012 |  |
| Non-U.S. government | — |  |  | 586,612 |  |  | — |  |  | — |  |  | 586,612 |  |
| Corporate debt | — |  |  | 4,198,562 |  |  | 129,046 |  |  | — |  |  | 4,327,608 |  |
| Agency RMBS | — |  |  | 1,403,654 |  |  | — |  |  | — |  |  | 1,403,654 |  |
| CMBS | — |  |  | 871,107 |  |  | — |  |  | — |  |  | 871,107 |  |
| Non-agency RMBS | — |  |  | 134,101 |  |  | — |  |  | — |  |  | 134,101 |  |
| ABS | — |  |  | 1,300,556 |  |  | — |  |  | — |  |  | 1,300,556 |  |
| Municipals | — |  |  | 148,747 |  |  | — |  |  | — |  |  | 148,747 |  |
|  | 2,756,539 |  |  | 8,678,812 |  |  | 129,046 |  |  | — |  |  | 11,564,397 |  |
| Equity securities |  |  |  |  |  |  |  |  |  |
| Common stocks | 3,046 |  |  | — |  |  | — |  |  | — |  |  | 3,046 |  |
| Preferred stocks | 2 |  |  | 4,982 |  |  | — |  |  | — |  |  | 4,984 |  |
| Exchange-traded funds | 299,165 |  |  | — |  |  | — |  |  | — |  |  | 299,165 |  |
| Bond mutual funds | — |  |  | 289,497 |  |  | — |  |  | — |  |  | 289,497 |  |
|  | 302,213 |  |  | 294,479 |  |  | — |  |  | — |  |  | 596,692 |  |
| Other investments |  |  |  |  |  |  |  |  |  |
| Multi-strategy funds | — |  |  | — |  |  | — |  |  | 26,126 |  |  | 26,126 |  |
| Direct lending funds | — |  |  | — |  |  | — |  |  | 248,834 |  |  | 248,834 |  |
| Private equity funds | — |  |  | — |  |  | — |  |  | 272,249 |  |  | 272,249 |  |
| Real estate funds | — |  |  | — |  |  | — |  |  | 302,945 |  |  | 302,945 |  |
| CLO-Equities | — |  |  | — |  |  | 4,877 |  |  | — |  |  | 4,877 |  |
| Other privately held investments | — |  |  | — |  |  | 115,048 |  |  | — |  |  | 115,048 |  |
|  | — |  |  | — |  |  | 119,925 |  |  | 850,154 |  |  | 970,079 |  |
| Short-term investments | — |  |  | 46,282 |  |  | — |  |  | — |  |  | 46,282 |  |
| Other assets |  |  |  |  |  |  |  |  |  |
| Derivative instruments (refer to Note 5) | — |  |  | 3,627 |  |  | — |  |  | — |  |  | 3,627 |  |
| Total Assets | $ | 3,058,752 |  |  | $ | 9,023,200 |  |  | $ | 248,971 |  |  | $ | 850,154 |  |  | $ | 13,181,077 |  |
| Liabilities |  |  |  |  |  |  |  |  |  |
| Derivative instruments (refer to Note 5) | $ | — |  |  | $ | 11,382 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,382 |  |
| Cash-settled awards (refer to Note 8) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Total Liabilities | $ | — |  |  | $ | 11,382 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,382 |  |
|  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Fair value based on NAV practical expedient |  | Total fair value |
| At December 31, 2022 |  |  |  |  |  |  |  |  |  |
| Assets |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |
| U.S. government and agency | $ | 2,600,636 |  |  | $ | 38,694 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,639,330 |  |
| Non-U.S. government | — |  |  | 562,029 |  |  | — |  |  | — |  |  | 562,029 |  |
| Corporate debt | — |  |  | 4,136,452 |  |  | 119,104 |  |  | — |  |  | 4,255,556 |  |
| Agency RMBS | — |  |  | 1,202,785 |  |  | — |  |  | — |  |  | 1,202,785 |  |
| CMBS | — |  |  | 947,778 |  |  | — |  |  | — |  |  | 947,778 |  |
| Non-agency RMBS | — |  |  | 133,534 |  |  | — |  |  | — |  |  | 133,534 |  |
| ABS | — |  |  | 1,429,527 |  |  | — |  |  | — |  |  | 1,429,527 |  |
| Municipals | — |  |  | 156,355 |  |  | — |  |  | — |  |  | 156,355 |  |
|  | 2,600,636 |  |  | 8,607,154 |  |  | 119,104 |  |  | — |  |  | 11,326,894 |  |
| Equity securities |  |  |  |  |  |  |  |  |  |
| Common stocks | 7,473 |  |  | — |  |  | — |  |  | — |  |  | 7,473 |  |
| Preferred stocks | 72 |  |  | — |  |  | — |  |  | — |  |  | 72 |  |
| Exchange-traded funds | 269,806 |  |  | — |  |  | — |  |  | — |  |  | 269,806 |  |
| Bond mutual funds | — |  |  | 207,902 |  |  | — |  |  | — |  |  | 207,902 |  |
|  | 277,351 |  |  | 207,902 |  |  | — |  |  | — |  |  | 485,253 |  |
| Other investments |  |  |  |  |  |  |  |  |  |
| Multi-strategy funds | — |  |  | — |  |  | — |  |  | 32,616 |  |  | 32,616 |  |
| Direct lending funds | — |  |  | — |  |  | — |  |  | 258,626 |  |  | 258,626 |  |
| Private equity funds | — |  |  | — |  |  | — |  |  | 265,836 |  |  | 265,836 |  |
| Real estate funds | — |  |  | — |  |  | — |  |  | 298,499 |  |  | 298,499 |  |
| CLO-Equities | — |  |  | — |  |  | 5,016 |  |  | — |  |  | 5,016 |  |
| Other privately held investments | — |  |  | — |  |  | 136,158 |  |  | — |  |  | 136,158 |  |
|  | — |  |  | — |  |  | 141,174 |  |  | 855,577 |  |  | 996,751 |  |
| Short-term investments | — |  |  | 70,310 |  |  | — |  |  | — |  |  | 70,310 |  |
| Other assets |  |  |  |  |  |  |  |  |  |
| Derivative instruments (refer to Note 5) | — |  |  | 37,682 |  |  | — |  |  | — |  |  | 37,682 |  |
| Total Assets | $ | 2,877,987 |  |  | $ | 8,923,048 |  |  | $ | 260,278 |  |  | $ | 855,577 |  |  | $ | 12,916,890 |  |
| Liabilities |  |  |  |  |  |  |  |  |  |
| Derivative instruments (refer to Note 5) | $ | — |  |  | $ | 703 |  |  | $ | — |  |  | $ | — |  |  | $ | 703 |  |
| Cash-settled awards (refer to Note 8) | — |  |  | 4,792 |  |  | — |  |  | — |  |  | 4,792 |  |
| Total Liabilities | $ | — |  |  | $ | 5,495 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,495 |  |
LEVEL 3 FAIR VALUE MEASUREMENT INPUTS | The following table quantifies the significant unobservable inputs used in estimating fair values at June 30, 2023 of investments classified as Level 3 in the fair value hierarchy:
|  | Asset fair value | Valuation technique | Unobservable input | Amount / Range | Weighted average |
| Other investments - CLO-Equities | $ | 4,877 |  | Discounted cash flow | Default rate | 4.5% | 4.5% |
|  |  |  | Loss severity rate | 50.0% | 50.0% |
|  |  |  | Collateral spread | 3.0% | 3.0% |
|  |  |  | Estimated maturity date | 5 years | 5 years |
| Other investments - Other privately held investments | $ | 17,813 |  | Discounted cash flow | Discount rate | 7.9% | 7.9% |
|  |  | Default rate | 0.5% | 0.5% |
|  |  |  | Loss absorption yield | 1.0% | 1.0% |
|  |  |  | Estimated maturity date | 1-2 years | 2 years |
Note: Fixed maturities of $129 million that are classified as Level 3 are excluded from the above table as these securities are priced using broker-dealer quotes. In addition, other privately held investments of $97 million that are classified as Level 3 are excluded from the above table as these investments are priced using capital statements received from investee companies.
CHANGES IN LEVEL 3 FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS, ASSETS | The following table presents changes in Level 3 for financial instruments measured at fair value on a recurring basis:
|  | Opening balance |  | Transfers into Level 3 |  | Transfers out of Level 3 |  | Included in net income(1) |  | Included in OCI (2) |  | Purchases |  | Sales |  | Settlements/ distributions |  | Closing balance |  | Change in unrealized gains/(losses) (3) |  |
| Three months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 130,427 |  |  | $ | — |  |  | $ | — |  |  | $ | (3,304) |  |  | $ | (1,354) |  |  | $ | 5,551 |  |  | $ | — |  |  | $ | (2,274) |  |  | $ | 129,046 |  |  | $ | — |  |  |
|  | 130,427 |  |  | — |  |  | — |  |  | (3,304) |  |  | (1,354) |  |  | 5,551 |  |  | — |  |  | (2,274) |  |  | 129,046 |  |  | — |  |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,019 |  |  | — |  |  | — |  |  | 493 |  |  | — |  |  | — |  |  | — |  |  | (635) |  |  | 4,877 |  |  | 493 |  |  |
| Other privately held investments | 140,953 |  |  | — |  |  | — |  |  | (6,231) |  |  | — |  |  | 14,858 |  |  | (34,532) |  |  | — |  |  | 115,048 |  |  | (14,314) |  |  |
|  | 145,972 |  |  | — |  |  | — |  |  | (5,738) |  |  | — |  |  | 14,858 |  |  | (34,532) |  |  | (635) |  |  | 119,925 |  |  | (13,821) |  |  |
| Total assets | $ | 276,399 |  |  | $ | — |  |  | $ | — |  |  | $ | (9,042) |  |  | $ | (1,354) |  |  | $ | 20,409 |  |  | $ | (34,532) |  |  | $ | (2,909) |  |  | $ | 248,971 |  |  | $ | (13,821) |  |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Total liabilities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 119,104 |  |  | $ | — |  |  | $ | — |  |  | $ | (3,311) |  |  | $ | (170) |  |  | $ | 24,461 |  |  | $ | — |  |  | $ | (11,038) |  |  | $ | 129,046 |  |  | $ | — |  |  |
|  | 119,104 |  |  | — |  |  | — |  |  | (3,311) |  |  | (170) |  |  | 24,461 |  |  | — |  |  | (11,038) |  |  | 129,046 |  |  | — |  |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,016 |  |  | — |  |  | — |  |  | 903 |  |  | — |  |  | — |  |  | — |  |  | (1,042) |  |  | 4,877 |  |  | 903 |  |  |
| Other privately held investments | 136,158 |  |  | — |  |  | — |  |  | (5,895) |  |  | — |  |  | 19,317 |  |  | (34,532) |  |  | — |  |  | 115,048 |  |  | (13,976) |  |  |
|  | 141,174 |  |  | — |  |  | — |  |  | (4,992) |  |  | — |  |  | 19,317 |  |  | (34,532) |  |  | (1,042) |  |  | 119,925 |  |  | (13,073) |  |  |
| Total assets | $ | 260,278 |  |  | $ | — |  |  | $ | — |  |  | $ | (8,303) |  |  | $ | (170) |  |  | $ | 43,778 |  |  | $ | (34,532) |  |  | $ | (12,080) |  |  | $ | 248,971 |  |  | $ | (13,073) |  |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Total liabilities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(1) Realized gains (losses) on fixed maturities and realized and unrealized gains (losses) on other assets and other liabilities included in net income are included in net investment gains (losses). Realized and unrealized gains (losses) on other investments included in net income are included in net investment income. (2) Unrealized gains (losses) on fixed maturities are included in other comprehensive income ("OCI"). (3) Change in unrealized gains (losses) relating to assets and liabilities held at the reporting date.
|  | Opening balance |  | Transfers into Level 3 |  | Transfers out of Level 3 |  | Included in net income(1) |  | Included in OCI(2) |  | Purchases |  | Sales |  | Settlements/ distributions |  | Closing balance |  | Change in unrealized gains/(losses)(3) |
| Three months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 60,890 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,828) |  |  | $ | 15,768 |  |  | $ | — |  |  | $ | — |  |  | $ | 72,830 |  |  | $ | — |  |
|  | 60,890 |  |  | — |  |  | — |  |  | — |  |  | (3,828) |  |  | 15,768 |  |  | — |  |  | — |  |  | 72,830 |  |  | — |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 4,881 |  |  | — |  |  | — |  |  | 803 |  |  | — |  |  | — |  |  | — |  |  | (876) |  |  | 4,808 |  |  | 803 |  |
| Other privately held investments | 115,474 |  |  | — |  |  | — |  |  | (5,110) |  |  | — |  |  | 7,606 |  |  | — |  |  | (2,000) |  |  | 115,970 |  |  | (5,110) |  |
|  | 120,355 |  |  | — |  |  | — |  |  | (4,307) |  |  | — |  |  | 7,606 |  |  | — |  |  | (2,876) |  |  | 120,778 |  |  | (4,307) |  |
| Total assets | $ | 181,245 |  |  | $ | — |  |  | $ | — |  |  | $ | (4,307) |  |  | $ | (3,828) |  |  | $ | 23,374 |  |  | $ | — |  |  | $ | (2,876) |  |  | $ | 193,608 |  |  | $ | (4,307) |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | 5,074 |  |  | $ | — |  |  | $ | — |  |  | $ | (366) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (366) |  |
| Total liabilities | $ | 5,074 |  |  | $ | — |  |  | $ | — |  |  | $ | (366) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (366) |  |
| Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 42,894 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (6,623) |  |  | $ | 37,231 |  |  | $ | — |  |  | $ | (672) |  |  | $ | 72,830 |  |  | $ | — |  |
|  | 42,894 |  |  | — |  |  | — |  |  | — |  |  | (6,623) |  |  | 37,231 |  |  | — |  |  | (672) |  |  | 72,830 |  |  | — |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,910 |  |  | — |  |  | — |  |  | 1,675 |  |  | — |  |  | — |  |  | — |  |  | (2,777) |  |  | 4,808 |  |  | 1,675 |  |
| Other privately held investments | 104,521 |  |  | — |  |  | — |  |  | (3,491) |  |  | — |  |  | 16,940 |  |  | — |  |  | (2,000) |  |  | 115,970 |  |  | (3,491) |  |
|  | 110,431 |  |  | — |  |  | — |  |  | (1,816) |  |  | — |  |  | 16,940 |  |  | — |  |  | (4,777) |  |  | 120,778 |  |  | (1,816) |  |
| Total assets | $ | 153,325 |  |  | $ | — |  |  | $ | — |  |  | $ | (1,816) |  |  | $ | (6,623) |  |  | $ | 54,171 |  |  | $ | — |  |  | $ | (5,449) |  |  | $ | 193,608 |  |  | $ | (1,816) |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | 5,630 |  |  | $ | — |  |  | $ | — |  |  | $ | (922) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (922) |  |
| Total liabilities | $ | 5,630 |  |  | $ | — |  |  | $ | — |  |  | $ | (922) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (922) |  |
(1) Realized gains (losses) on fixed maturities and realized and unrealized gains (losses) on other assets and other liabilities included in net income are included in net investment gains (losses). Realized and unrealized gains (losses) on other investments included in net income are included in net investment income. (2) Unrealized gains (losses) on fixed maturities are included in other comprehensive income ("OCI"). (3) Change in unrealized gains (losses) relating to assets and liabilities held at the reporting date.
CHANGES IN LEVEL 3 FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS, LIABILITIES | The following table presents changes in Level 3 for financial instruments measured at fair value on a recurring basis:
|  | Opening balance |  | Transfers into Level 3 |  | Transfers out of Level 3 |  | Included in net income(1) |  | Included in OCI (2) |  | Purchases |  | Sales |  | Settlements/ distributions |  | Closing balance |  | Change in unrealized gains/(losses) (3) |  |
| Three months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 130,427 |  |  | $ | — |  |  | $ | — |  |  | $ | (3,304) |  |  | $ | (1,354) |  |  | $ | 5,551 |  |  | $ | — |  |  | $ | (2,274) |  |  | $ | 129,046 |  |  | $ | — |  |  |
|  | 130,427 |  |  | — |  |  | — |  |  | (3,304) |  |  | (1,354) |  |  | 5,551 |  |  | — |  |  | (2,274) |  |  | 129,046 |  |  | — |  |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,019 |  |  | — |  |  | — |  |  | 493 |  |  | — |  |  | — |  |  | — |  |  | (635) |  |  | 4,877 |  |  | 493 |  |  |
| Other privately held investments | 140,953 |  |  | — |  |  | — |  |  | (6,231) |  |  | — |  |  | 14,858 |  |  | (34,532) |  |  | — |  |  | 115,048 |  |  | (14,314) |  |  |
|  | 145,972 |  |  | — |  |  | — |  |  | (5,738) |  |  | — |  |  | 14,858 |  |  | (34,532) |  |  | (635) |  |  | 119,925 |  |  | (13,821) |  |  |
| Total assets | $ | 276,399 |  |  | $ | — |  |  | $ | — |  |  | $ | (9,042) |  |  | $ | (1,354) |  |  | $ | 20,409 |  |  | $ | (34,532) |  |  | $ | (2,909) |  |  | $ | 248,971 |  |  | $ | (13,821) |  |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Total liabilities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 119,104 |  |  | $ | — |  |  | $ | — |  |  | $ | (3,311) |  |  | $ | (170) |  |  | $ | 24,461 |  |  | $ | — |  |  | $ | (11,038) |  |  | $ | 129,046 |  |  | $ | — |  |  |
|  | 119,104 |  |  | — |  |  | — |  |  | (3,311) |  |  | (170) |  |  | 24,461 |  |  | — |  |  | (11,038) |  |  | 129,046 |  |  | — |  |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,016 |  |  | — |  |  | — |  |  | 903 |  |  | — |  |  | — |  |  | — |  |  | (1,042) |  |  | 4,877 |  |  | 903 |  |  |
| Other privately held investments | 136,158 |  |  | — |  |  | — |  |  | (5,895) |  |  | — |  |  | 19,317 |  |  | (34,532) |  |  | — |  |  | 115,048 |  |  | (13,976) |  |  |
|  | 141,174 |  |  | — |  |  | — |  |  | (4,992) |  |  | — |  |  | 19,317 |  |  | (34,532) |  |  | (1,042) |  |  | 119,925 |  |  | (13,073) |  |  |
| Total assets | $ | 260,278 |  |  | $ | — |  |  | $ | — |  |  | $ | (8,303) |  |  | $ | (170) |  |  | $ | 43,778 |  |  | $ | (34,532) |  |  | $ | (12,080) |  |  | $ | 248,971 |  |  | $ | (13,073) |  |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
| Total liabilities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(1) Realized gains (losses) on fixed maturities and realized and unrealized gains (losses) on other assets and other liabilities included in net income are included in net investment gains (losses). Realized and unrealized gains (losses) on other investments included in net income are included in net investment income. (2) Unrealized gains (losses) on fixed maturities are included in other comprehensive income ("OCI"). (3) Change in unrealized gains (losses) relating to assets and liabilities held at the reporting date.
|  | Opening balance |  | Transfers into Level 3 |  | Transfers out of Level 3 |  | Included in net income(1) |  | Included in OCI(2) |  | Purchases |  | Sales |  | Settlements/ distributions |  | Closing balance |  | Change in unrealized gains/(losses)(3) |
| Three months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 60,890 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3,828) |  |  | $ | 15,768 |  |  | $ | — |  |  | $ | — |  |  | $ | 72,830 |  |  | $ | — |  |
|  | 60,890 |  |  | — |  |  | — |  |  | — |  |  | (3,828) |  |  | 15,768 |  |  | — |  |  | — |  |  | 72,830 |  |  | — |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 4,881 |  |  | — |  |  | — |  |  | 803 |  |  | — |  |  | — |  |  | — |  |  | (876) |  |  | 4,808 |  |  | 803 |  |
| Other privately held investments | 115,474 |  |  | — |  |  | — |  |  | (5,110) |  |  | — |  |  | 7,606 |  |  | — |  |  | (2,000) |  |  | 115,970 |  |  | (5,110) |  |
|  | 120,355 |  |  | — |  |  | — |  |  | (4,307) |  |  | — |  |  | 7,606 |  |  | — |  |  | (2,876) |  |  | 120,778 |  |  | (4,307) |  |
| Total assets | $ | 181,245 |  |  | $ | — |  |  | $ | — |  |  | $ | (4,307) |  |  | $ | (3,828) |  |  | $ | 23,374 |  |  | $ | — |  |  | $ | (2,876) |  |  | $ | 193,608 |  |  | $ | (4,307) |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | 5,074 |  |  | $ | — |  |  | $ | — |  |  | $ | (366) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (366) |  |
| Total liabilities | $ | 5,074 |  |  | $ | — |  |  | $ | — |  |  | $ | (366) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (366) |  |
| Six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed maturities, available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Corporate debt | $ | 42,894 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (6,623) |  |  | $ | 37,231 |  |  | $ | — |  |  | $ | (672) |  |  | $ | 72,830 |  |  | $ | — |  |
|  | 42,894 |  |  | — |  |  | — |  |  | — |  |  | (6,623) |  |  | 37,231 |  |  | — |  |  | (672) |  |  | 72,830 |  |  | — |  |
| Other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| CLO-Equities | 5,910 |  |  | — |  |  | — |  |  | 1,675 |  |  | — |  |  | — |  |  | — |  |  | (2,777) |  |  | 4,808 |  |  | 1,675 |  |
| Other privately held investments | 104,521 |  |  | — |  |  | — |  |  | (3,491) |  |  | — |  |  | 16,940 |  |  | — |  |  | (2,000) |  |  | 115,970 |  |  | (3,491) |  |
|  | 110,431 |  |  | — |  |  | — |  |  | (1,816) |  |  | — |  |  | 16,940 |  |  | — |  |  | (4,777) |  |  | 120,778 |  |  | (1,816) |  |
| Total assets | $ | 153,325 |  |  | $ | — |  |  | $ | — |  |  | $ | (1,816) |  |  | $ | (6,623) |  |  | $ | 54,171 |  |  | $ | — |  |  | $ | (5,449) |  |  | $ | 193,608 |  |  | $ | (1,816) |  |
| Other liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivative instruments | $ | 5,630 |  |  | $ | — |  |  | $ | — |  |  | $ | (922) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (922) |  |
| Total liabilities | $ | 5,630 |  |  | $ | — |  |  | $ | — |  |  | $ | (922) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,708 |  |  | $ | (922) |  |
(1) Realized gains (losses) on fixed maturities and realized and unrealized gains (losses) on other assets and other liabilities included in net income are included in net investment gains (losses). Realized and unrealized gains (losses) on other investments included in net income are included in net investment income. (2) Unrealized gains (losses) on fixed maturities are included in other comprehensive income ("OCI"). (3) Change in unrealized gains (losses) relating to assets and liabilities held at the reporting date.

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