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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gross realized investment gains        
Fixed maturities and short-term investments $ 6,182 $ 11,460 $ 20,581 $ 23,829
Equity securities 0 17 30,626 1,535
Gross realized investment gains 6,182 11,477 51,207 25,364
Gross realized investment losses        
Fixed maturities and short-term investments (52,587) (43,695) (96,519) (97,343)
Equity securities 0 0 (7,712) (396)
Gross realized investment losses (52,587) (43,695) (104,231) (97,739)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale (394) 2,094 6,128 1,182
(Increase) decrease in allowance for expected credit losses, mortgage loans (12,569) (1,740) (14,428) (3,638)
Impairment losses (156) (9,083) (164) (9,083)
Change in fair value of investment derivatives 228 (528) 1,023 (1,474)
Net unrealized gains (losses) on equity securities 5,817 17,105 (2,222) 40,830
Total net investment gains (losses) $ (53,479) $ (24,370) $ (62,687) $ (44,558)