XML 50 R37.htm IDEA: XBRL DOCUMENT v3.25.1
Investments - Summary of Fixed Maturity Securities Classified as Available-for-Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Amortized cost $ 5,992,370 $ 5,876,502
Gross unrealized gains 37,418 20,711
Gross unrealized losses (214,178) (272,440)
Allowance for credit losses 273 0
Fair value 5,815,337 5,624,773
Total investments    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 5,996,062 5,879,872
Gross unrealized gains 37,422 20,712
Gross unrealized losses (214,178) (272,444)
Allowance for credit losses 273  
Fair value 5,819,033 5,628,140
U.S. government, agencies and GSEs    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 287,643 281,858
Gross unrealized gains 2,800 590
Gross unrealized losses (1,435) (5,085)
Allowance for credit losses 0  
Fair value 289,008 277,363
State and political subdivisions    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 540,495 541,715
Gross unrealized gains 1,571 1,388
Gross unrealized losses (65,925) (75,627)
Allowance for credit losses 0  
Fair value 476,141 467,476
Non-U.S. government    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 113,342 85,566
Gross unrealized gains 780 94
Gross unrealized losses (969) (1,858)
Allowance for credit losses 0  
Fair value 113,153 83,802
U.S. corporate    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 2,978,401 2,943,900
Gross unrealized gains 20,555 11,363
Gross unrealized losses (98,751) (129,584)
Allowance for credit losses 0  
Fair value 2,900,205 2,825,679
Non-U.S. corporate    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 786,865 800,141
Gross unrealized gains 5,589 2,533
Gross unrealized losses (23,228) (30,050)
Allowance for credit losses 273  
Fair value 768,953 772,624
Residential mortgage-backed    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 111,660 8,394
Gross unrealized gains 505 27
Gross unrealized losses (482) (57)
Allowance for credit losses 0  
Fair value 111,683 8,364
Other asset-backed    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 1,153,367 1,214,928
Gross unrealized gains 5,513 4,716
Gross unrealized losses (23,388) (30,179)
Allowance for credit losses 0  
Fair value 1,135,492 1,189,465
Short-term investments    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 3,692 3,370
Gross unrealized gains 4 1
Gross unrealized losses 0 (4)
Allowance for credit losses 0  
Fair value 3,696 $ 3,367
Commercial mortgage-backed    
Debt Securities, Available-for-sale [Line Items]    
Amortized cost 20,597  
Gross unrealized gains 105  
Gross unrealized losses 0  
Allowance for credit losses 0  
Fair value $ 20,702