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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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income before income taxes        
Bermuda (domestic) $ 6,695 $ 98,388 $ 154,014 $ 262,770
Foreign 221,955 114,334 597,954 324,178
Income before income taxes and interest in income of equity method investments $ 228,650 $ 212,722 $ 751,968 $ 586,948
Reconciliation of effective tax rate (% of income before income taxes)        
Expected tax rate 0.00% 0.00% 0.00% 0.00%
Valuation allowance (2.80%) (3.50%) (1.20%) (1.80%)
Bermuda Economic Transition Adjustment 0.000 0.000 (0.216) 0.000
Other 3.80% 3.30% 1.60% 1.80%
Actual tax rate 21.00% 11.60% (4.80%) 11.60%
U.S. | Foreign Tax Authority        
Reconciliation of effective tax rate (% of income before income taxes)        
Foreign taxes at local expected rates: 12.70% 6.70% 10.40% 6.40%
Europe | Foreign Tax Authority        
Reconciliation of effective tax rate (% of income before income taxes)        
Foreign taxes at local expected rates: 7.30% 5.10% 6.00% 5.20%