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v3.23.2

INVESTMENTS - Gross Unrealized Losses (Details) $ in Thousands | Jun. 30, 2023 USD ($) security | Dec. 31, 2022 USD ($) security
--- | --- | ---
Fixed maturities, available for sale |  |
Fair value |  |
12 months or greater | $ 6,061,831 | $ 3,615,234
Less than 12 months | 4,453,564 | 6,269,478
Total | 10,515,395 | 9,884,712
Unrealized losses |  |
12 months or greater | (599,211) | (497,762)
Less than 12 months | (115,496) | (358,826)
Total | $ (714,707) | $ (856,588)
Number of securities in unrealized loss position | security | 4,491 | 4,525
Number of securities in a continuous unrealized loss position | security | 3,089 | 1,842
Fixed maturities, available for sale | Below Investment Grade or Not Rated |  |
Unrealized losses |  |
Total | $ (33,000) | $ (64,000)
U.S. government and agency |  |
Fair value |  |
12 months or greater | 875,378 | 467,032
Less than 12 months | 1,776,604 | 1,414,181
Total | 2,651,982 | 1,881,213
Unrealized losses |  |
12 months or greater | (62,863) | (41,365)
Less than 12 months | (34,730) | (56,424)
Total | (97,593) | (97,789)
Non-U.S. government |  |
Fair value |  |
12 months or greater | 232,887 | 207,637
Less than 12 months | 288,238 | 298,048
Total | 521,125 | 505,685
Unrealized losses |  |
12 months or greater | (30,092) | (33,027)
Less than 12 months | (7,541) | (19,885)
Total | (37,633) | (52,912)
Corporate debt |  |
Fair value |  |
12 months or greater | 2,448,366 | 1,562,355
Less than 12 months | 1,359,957 | 2,350,504
Total | 3,808,323 | 3,912,859
Unrealized losses |  |
12 months or greater | (288,978) | (268,289)
Less than 12 months | (38,104) | (150,701)
Total | (327,082) | (418,990)
Agency RMBS |  |
Fair value |  |
12 months or greater | 512,098 | 220,595
Less than 12 months | 693,467 | 771,191
Total | 1,205,565 | 991,786
Unrealized losses |  |
12 months or greater | (72,058) | (40,469)
Less than 12 months | (24,562) | (58,832)
Total | (96,620) | (99,301)
CMBS |  |
Fair value |  |
12 months or greater | 750,801 | 343,494
Less than 12 months | 105,984 | 599,877
Total | 856,785 | 943,371
Unrealized losses |  |
12 months or greater | (72,713) | (40,888)
Less than 12 months | (6,558) | (41,257)
Total | (79,271) | (82,145)
Non-agency RMBS |  |
Fair value |  |
12 months or greater | 95,695 | 75,137
Less than 12 months | 28,298 | 53,484
Total | 123,993 | 128,621
Unrealized losses |  |
12 months or greater | (15,256) | (14,691)
Less than 12 months | (644) | (3,834)
Total | (15,900) | (18,525)
ABS |  |
Fair value |  |
12 months or greater | 1,038,046 | 685,990
Less than 12 months | 172,761 | 686,190
Total | 1,210,807 | 1,372,180
Unrealized losses |  |
12 months or greater | (44,731) | (48,913)
Less than 12 months | (2,297) | (21,808)
Total | (47,028) | (70,721)
Municipals |  |
Fair value |  |
12 months or greater | 108,560 | 52,994
Less than 12 months | 28,255 | 96,003
Total | 136,815 | 148,997
Unrealized losses |  |
12 months or greater | (12,520) | (10,120)
Less than 12 months | (1,060) | (6,085)
Total | $ (13,580) | $ (16,205)

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