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INVESTMENTS - Net Investment Gains (Losses) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Gross realized investment gains        
Fixed maturities and short-term investments $ 22,649 $ 4,143 $ 43,232 $ 27,973
Equity securities 1,667 8,433 32,292 9,968
Gross realized investment gains 24,316 12,576 75,524 37,941
Gross realized investment losses        
Fixed maturities and short-term investments (22,589) (31,390) (119,108) (128,733)
Equity securities (7,539) (4) (15,251) (400)
Mortgage loans (4,275) 0 (4,275) 0
Gross realized investment losses (34,403) (31,394) (138,634) (129,133)
(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale 209 1,618 6,338 2,800
(Increase) decrease in allowance for expected credit losses, mortgage loans (1,343) (541) (15,771) (4,179)
Impairment losses (14) (41) (178) (9,124)
Change in fair value of investment derivatives (870) 1,692 153 218
Net unrealized gains (losses) on equity securities 44,287 (37,024) 42,065 3,806
Total net investment gains (losses) $ 32,182 $ (53,114) $ (30,503) $ (97,671)