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v3.23.2

FAIR VALUE MEASUREMENTS - Changes in Level 3 for Financial Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | $ 276,399 | $ 181,245 | $ 260,278 | $ 153,325
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (9,042) | (4,307) | (8,303) | (1,816)
Included in OCI | (1,354) | (3,828) | (170) | (6,623)
Purchases | 20,409 | 23,374 | 43,778 | 54,171
Sales | (34,532) | 0 | (34,532) | 0
Settlements/ distributions | (2,909) | (2,876) | (12,080) | (5,449)
Closing balance | 248,971 | 193,608 | 248,971 | 193,608
Change in unrealized investment gains/(losses) | (13,821) | (4,307) | (13,073) | (1,816)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 0 | 5,074 | 0 | 5,630
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | 0 | (366) | 0 | (922)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | 0 | 0 | 0 | 0
Closing balance | 0 | 4,708 | 0 | 4,708
Change in unrealized investment gains/(losses) | 0 | (366) | 0 | (922)
Other liabilities | Derivative instruments |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 0 | 5,074 | 0 | 5,630
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | 0 | (366) | 0 | (922)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | 0 | 0 | 0 | 0
Closing balance | 0 | 4,708 | 0 | 4,708
Change in unrealized investment gains/(losses) | 0 | (366) | 0 | (922)
Fixed maturities, available for sale |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 130,427 | 60,890 | 119,104 | 42,894
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (3,304) | 0 | (3,311) | 0
Included in OCI | (1,354) | (3,828) | (170) | (6,623)
Purchases | 5,551 | 15,768 | 24,461 | 37,231
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | (2,274) | 0 | (11,038) | (672)
Closing balance | 129,046 | 72,830 | 129,046 | 72,830
Change in unrealized investment gains/(losses) | 0 | 0 | 0 | 0
Fixed maturities, available for sale | Corporate debt |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 130,427 | 60,890 | 119,104 | 42,894
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (3,304) | 0 | (3,311) | 0
Included in OCI | (1,354) | (3,828) | (170) | (6,623)
Purchases | 5,551 | 15,768 | 24,461 | 37,231
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | (2,274) | 0 | (11,038) | (672)
Closing balance | 129,046 | 72,830 | 129,046 | 72,830
Change in unrealized investment gains/(losses) | 0 | 0 | 0 | 0
Other investments |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 145,972 | 120,355 | 141,174 | 110,431
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 |  | 0 | 0
Included in net income | (5,738) | (4,307) | (4,992) | (1,816)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 14,858 | 7,606 | 19,317 | 16,940
Sales | (34,532) | 0 | (34,532) | 0
Settlements/ distributions | (635) | (2,876) | (1,042) | (4,777)
Closing balance | 119,925 | 120,778 | 119,925 | 120,778
Change in unrealized investment gains/(losses) | (13,821) | (4,307) | (13,073) | (1,816)
Other investments | CLO-Equities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 5,019 | 4,881 | 5,016 | 5,910
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | 493 | 803 | 903 | 1,675
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | (635) | (876) | (1,042) | (2,777)
Closing balance | 4,877 | 4,808 | 4,877 | 4,808
Change in unrealized investment gains/(losses) | 493 | 803 | 903 | 1,675
Other investments | Other privately held investments |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 140,953 | 115,474 | 136,158 | 104,521
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (6,231) | (5,110) | (5,895) | (3,491)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 14,858 | 7,606 | 19,317 | 16,940
Sales | (34,532) | 0 | (34,532) | 0
Settlements/ distributions | 0 | (2,000) | 0 | (2,000)
Closing balance | 115,048 | 115,970 | 115,048 | 115,970
Change in unrealized investment gains/(losses) | $ (14,314) | $ (5,110) | $ (13,976) | $ (3,491)

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