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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Gross realized investment gains    
Fixed maturities and short-term investments $ 14,399 $ 12,370
Equity securities 30,626 1,517
Gross realized investment gains 45,025 13,887
Gross realized investment losses    
Fixed maturities and short-term investments (43,932) (53,649)
Equity securities (7,712) (396)
Gross realized investment losses (51,644) (54,045)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale 6,522 (911)
(Increase) decrease in allowance for expected credit losses, mortgage loans (1,858) (1,900)
Impairment losses (8) 0
Change in fair value of investment derivatives 795 (947)
Net unrealized gains (losses) on equity securities (8,039) 23,726
Total net investment gains (losses) $ (9,207) $ (20,190)