XML 67 R55.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value Measurements - Schedule of Changes in Fair Value of Securities Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance $ 619,247  
Fair value, ending balance 662,511  
Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 619,247 $ 551,689
Purchases 32,362 15,810
Sales 0 0
Issuances 0 0
Settlements (12,975) (4,046)
Transfers into Level 3 23,279 39,602
Transfers out of Level 3 0 (46,920)
Fair value, ending balance 662,511 556,762
Change in unrealized gains (losses) for the period included in earnings for assets held at period end 131 409
Change in unrealized gains (losses) for the period included in OCI for assets held at period end 533 (60)
Investments | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 131 409
Investments | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income (26) 278
Investments | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI 493 (60)
Obligations of states and political subdivisions    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 7,426 7,834
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value, ending balance 7,606 7,747
Change in unrealized gains (losses) for the period included in earnings for assets held at period end 89 (1)
Change in unrealized gains (losses) for the period included in OCI for assets held at period end 91 (86)
Obligations of states and political subdivisions | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 89 (1)
Obligations of states and political subdivisions | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 0 0
Obligations of states and political subdivisions | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI 91 (86)
Corporate securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 242,679 297,332
Purchases 1,908 1,152
Sales 0 0
Issuances 0 0
Settlements (5,892) (2,870)
Transfers into Level 3 0 20,065
Transfers out of Level 3 0 (28,227)
Fair value, ending balance 240,917 287,496
Change in unrealized gains (losses) for the period included in earnings for assets held at period end 101 140
Change in unrealized gains (losses) for the period included in OCI for assets held at period end 2,149 (376)
Corporate securities | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 101 140
Corporate securities | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 12 280
Corporate securities | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI 2,109 (376)
CLO and other ABS    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 367,994 245,313
Purchases 30,454 14,658
Sales 0 0
Issuances 0 0
Settlements (7,080) (1,173)
Transfers into Level 3 23,279 19,537
Transfers out of Level 3 0 (18,693)
Fair value, ending balance 412,802 260,097
Change in unrealized gains (losses) for the period included in earnings for assets held at period end (92) 57
Change in unrealized gains (losses) for the period included in OCI for assets held at period end (1,710) 399
CLO and other ABS | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income (92) 57
CLO and other ABS | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income (43) (1)
CLO and other ABS | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI (1,710) 399
CMBS    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 340 356
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements (3) (3)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value, ending balance 345 355
Change in unrealized gains (losses) for the period included in earnings for assets held at period end 0 0
Change in unrealized gains (losses) for the period included in OCI for assets held at period end 3 3
CMBS | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 0 0
CMBS | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 5 (1)
CMBS | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI 3 3
Common Stock    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 808 854
Purchases 0 0
Sales 0 0
Issuances 0 0
Settlements 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value, ending balance 841 1,067
Change in unrealized gains (losses) for the period included in earnings for assets held at period end 33 213
Change in unrealized gains (losses) for the period included in OCI for assets held at period end 0 0
Common Stock | Net realized and unrealized gains (losses)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 33 213
Common Stock | Net investment income earned    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in net income 0 0
Common Stock | Other Comprehensive Income (Loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total net gains (losses) for the period included in OCI $ 0 $ 0