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INCOME TAXES - Summary of Distribution of Income Before Income Taxes and Reconciliation of Income Tax Rate To Effective Tax Rate (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income before income taxes        
Bermuda (domestic) $ 64,090 $ 57,777 $ 147,321 $ 164,381
Foreign 188,421 120,455 375,997 209,846
Income before income taxes and interest in income (loss) of equity method investments $ 252,511 $ 178,232 $ 523,318 $ 374,227
Reconciliation of effective tax rate (% of income before income taxes)        
Expected tax rate 0.00% 0.00% 0.00% 0.00%
Valuation allowance (0.10%) 0.30% (0.40%) (0.80%)
Bermuda Economic Transition Adjustment 0 0 (0.311) 0
Other 0.50% 0.60% 0.40% 1.00%
Actual tax rate 16.10% 15.50% (16.10%) 11.60%
U.S. | Foreign Tax Authority        
Reconciliation of effective tax rate (% of income before income taxes)        
Foreign taxes at local expected rates: 9.70% 7.10% 9.50% 6.20%
Europe | Foreign Tax Authority        
Reconciliation of effective tax rate (% of income before income taxes)        
Foreign taxes at local expected rates: 6.00% 7.50% 5.50% 5.20%