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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gross realized investment gains      
Fixed maturities and short-term investments $ 32,920 $ 16,671 $ 137,729
Equity securities 16,847 7,687 5,413
Gross realized investment gains 49,767 24,358 143,142
Gross realized investment losses      
Fixed maturities and short-term investments (158,080) (328,493) (42,613)
Equity securities (639) (406) (696)
Gross realized investment losses (158,719) (328,899) (43,309)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale 974 (11,421) 11
(Increase) decrease in allowance for expected credit losses, mortgage loans (6,220) 0 0
Impairment losses (12,757) (12,568) (22)
Change in fair value of investment derivatives (1,456) 7,656 4,346
Net unrealized gains (losses) on equity securities 53,781 (135,915) 30,111
Total net investment gains (losses) $ (74,630) $ (456,789) $ 134,279