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v3.24.2

FAIR VALUE MEASUREMENTS - Changes in Level 3 for Financial Instruments (Details) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | $ 227,716,000 | $ 276,399,000 | $ 228,342,000 | $ 260,278,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (6,899,000) | 0 | (6,899,000) | 0
Included in net income | (159,000) | (9,042,000) | 735,000 | (8,303,000)
Included in OCI | 1,517,000 | (1,354,000) | 1,022,000 | (170,000)
Purchases | 8,239,000 | 20,409,000 | 19,709,000 | 43,778,000
Sales | (165,000) | (34,532,000) | (165,000) | (34,532,000)
Settlements/ distributions | (15,454,000) | (2,909,000) | (27,949,000) | (12,080,000)
Closing balance | 214,795,000 | 248,971,000 | 214,795,000 | 248,971,000
Change in unrealized investment gains/(losses) | 354,000 | (13,821,000) | 2,082,000 | (13,073,000)
Transfers out of Level 3 into Level 2 | 0 | 0 | 0 | 0
Fixed maturities, available for sale |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 126,475,000 | 130,427,000 | 135,753,000 | 119,104,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (513,000) | (3,304,000) | (1,347,000) | (3,311,000)
Included in OCI | 1,517,000 | (1,354,000) | 1,022,000 | (170,000)
Purchases | 8,239,000 | 5,551,000 | 12,471,000 | 24,461,000
Sales | (165,000) | 0 | (165,000) | 0
Settlements/ distributions | (10,544,000) | (2,274,000) | (22,725,000) | (11,038,000)
Closing balance | 125,009,000 | 129,046,000 | 125,009,000 | 129,046,000
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 | 126,475,000 | 130,427,000 | 135,753,000 | 119,104,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | (513,000) | (3,304,000) | (1,347,000) | (3,311,000)
Included in OCI | 1,517,000 | (1,354,000) | 1,022,000 | (170,000)
Purchases | 8,239,000 | 5,551,000 | 12,471,000 | 24,461,000
Sales | (165,000) | 0 | (165,000) | 0
Settlements/ distributions | (10,544,000) | (2,274,000) | (22,725,000) | (11,038,000)
Closing balance | 125,009,000 | 129,046,000 | 125,009,000 | 129,046,000
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 | 101,241,000 | 145,972,000 | 92,589,000 | 141,174,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (6,899,000) | 0 | (6,899,000) | 0
Included in net income | 354,000 | (5,738,000) | 2,082,000 | (4,992,000)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 14,858,000 | 7,238,000 | 19,317,000
Sales | 0 | (34,532,000) | 0 | (34,532,000)
Settlements/ distributions | (4,910,000) | (635,000) | (5,224,000) | (1,042,000)
Closing balance | 89,786,000 | 119,925,000 | 89,786,000 | 119,925,000
Change in unrealized investment gains/(losses) | 354,000 | (13,821,000) | 2,082,000 | (13,073,000)
Other investments | CLO-Equities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 4,986,000 | 5,019,000 | 5,300,000 | 5,016,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | 0 | 0 | 0 | 0
Included in net income | 0 | 493,000 | 0 | 903,000
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements/ distributions | (488,000) | (635,000) | (802,000) | (1,042,000)
Closing balance | 4,498,000 | 4,877,000 | 4,498,000 | 4,877,000
Change in unrealized investment gains/(losses) | 0 | 493,000 | 0 | 903,000
Other investments | Other privately held investments |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Opening balance | 96,255,000 | 140,953,000 | 87,289,000 | 136,158,000
Transfers into Level 3 | 0 | 0 | 0 | 0
Transfers out of Level 3 | (6,899,000) | 0 | (6,899,000) | 0
Included in net income | 354,000 | (6,231,000) | 2,082,000 | (5,895,000)
Included in OCI | 0 | 0 | 0 | 0
Purchases | 0 | 14,858,000 | 7,238,000 | 19,317,000
Sales | 0 | (34,532,000) | 0 | (34,532,000)
Settlements/ distributions | (4,422,000) | 0 | (4,422,000) | 0
Closing balance | 85,288,000 | 115,048,000 | 85,288,000 | 115,048,000
Change in unrealized investment gains/(losses) | $ 354,000 | $ (14,314,000) | $ 2,082,000 | $ (13,976,000)

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